-The Times of India The inter-ministerial group (IMG) reviewing coal block allocations that have been questioned by the federal auditor for being allotted arbitrarily could not complete its proceedings and is expected to meet again on Friday. The IMG meeting could not complete its case-by-case assessment of 29 blocks allotted to Private Firms with the response of the private players being considered against the terms they are alleged to have violated. Sources said...

-Live Mint/ The Wall Street Journal Contributions more than doubled between 2004 and 2009 polls; experts say published figures just tip of the iceberg  Contributions, including money from top companies, to the country’s two largest political parties, the Congress and the Bharatiya Janata Party (BJP), more than doubled between the 2004 and 2009 general elections. This revelation affirms a trend of companies, most of which are listed, opting for a transparent route to...

-The Times of India Unwilling to risk their futures to political vagaries, corporate houses tend to hedge their bets and contribute to political parties across the spectrum. Data analyzed by the Association for Democratic Reforms and the National Election Watch has found that the trust which made the maximum contributions to political parties is the General Electoral Trust of the Aditya Birla Group, with Rs 36.46 crore to the Congress between 2003-04...

-The Times of India The probe into the mega-billion 'Coalgate' scam moved into a higher gear on Tuesday, with the Central Bureau of Investigation registering five FIRs into irregularities against five companies and several individuals, including a leading political family of Maharashtra. Those named in the first set of FIRs include Congress member of Rajya Sabha Vijay Jawaharlal Darda, his brother and education minister of Maharashtra Rajendra J Darda and his son...

-The Hindustan Times The coal-block allocation scandal is increasingly looking like a sequel to the 2G spectrum scam as far as the behaviour of the companies involved is concerned. As was with the telecom scam, many of the “coalgate” companies that cornered the government-allocated resource — like the spectrum — have used it to raise money from the market at hefty valuations. Promoters of more than 10 companies are believed to have...