-The Indian Express Mining in India has come a long way in the last 50 years or so. From the Industrial Policy Resolution of 1957 to the National Mineral Policy (NMP) of 1993, and now to the NMP of 2008, it has shown a progressive shift towards bringing the private sector into exploration, mining and downstream value addition. However, the regulatory systems perhaps never managed to keep pace with developments on...
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The accountability of CAG-G Mohan Gopal
-The Indian Express Its report on the allocation of coal blocks is marred by a major legal error The legal fraternity celebrated the 50th anniversary of the Supreme Court of India in 2000 with a book, Supreme, But Not Infallible. The unusual title of the book was a powerful way for the legal fraternity to remind itself, and the public, that the highest court in the land is fallible, that it can...
More »Seven-and-half years from an opaque to a transparent process for coal allocation
-The Hindu The Comptroller and Auditor-General’s report on the allocation of coal blocks, reviews how it took seven-and-half years to move the allocation procedure for captive coal blocks from a discretionary procedure to competitive bidding that was demonstrably transparent. It turns out that the process began within six weeks of UPA-I coming to power in 2004. Ironically, the amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act rules for auction...
More »Government keeps Chawla report, Mining Act review from Supreme Court-Shalini Singh
-The Hindu Both documents extensively discuss need for competitive bidding for scarce natural resources The fate of the Ashok Chawla Committee report on the allocation of natural resources suggests a wider government unwillingness to accept competitive bidding, auctions and market-linked pricing for scarce, natural resources lies at the heart of its 2G review petition. The Committee was set up on January 31, 2011, at the peak of the 2G scam expose and just...
More »PM's fiat failed to block coalgate-Sanjay Dutta
The government continued to give away coal blocks without bidding even after a meeting headed by Manmohan Singh (in his role as coal minister) on October 14, 2004 decided that all future allocation would be through the competitive route, says a CAG report. The government auditors' draft report on performance of coal block allocations also says the Centre opted for the longer process of amending mining laws when it could have...
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