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Firms cashed in on coal blocks by selling stakes before mining -Gaurav Choudhury and Rajesh Ahuja

-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...

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Partha S Bhattacharya, Chairman and managing director of Coal India Ltd (CIL) during 2006-2011 interviewed by Arindam Mukherjee

-Outlook Partha S. Bhattacharya, who was the chairman and managing director of Coal India Ltd (CIL) between 2006 and 2011, is credited with turning around the PSU. He spoke to Arindam Mukherjee on the heat and dust generated by the CAG report on allocation of coal blocks to private players. Excerpts: * Should the government allow the private sector into coal mining? There is plenty of coal for everyone. We are, at the...

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CBI seeks more time from CVC to submit report on coal issue

-PTI CBI has sought more time from Central Vigilance Commission to submit its status report on its probe into alleged irregularities in coal blocks allocation and utilization.  CBI, which has registered a preliminary enquiry after receiving a reference from CVC, could not finalise its report in three months time frame because of "complex nature" of the case, agency sources said.  They said a three-month time limit, which expired on August 31, is a...

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Govt panel seeks scrapping of 60 private coal blocks -Sanjay Dutta

-The Times of India The government may be standing firm against scrapping coal block allotments to private companies but a high-level official panel for monitoring progress in these mines is pitching for largescale de-allocation to "defuse the current crisis" over Coalgate. "Out of the 90 coal blocks allocated to private players since 1993, 60 coal blocks with 6.7 billion tonnes (estimated reserves) valued at nearly Rs 2 lakh crore can be cancelled...

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Patients lose out to patents & profits -Deepa Kurup

-The Hindu A 2012 WHO study ranks India third — behind Myanmar and Bangladesh — among countries that fail to provide health cover to people. A 2011 study reported in The Lancet on ‘Healthcare and equity’ confirms this: every year, at least 39 million people here fall into poverty due to private out-of-pocket health expenditure. A vast majority of Indians do not have access to healthcare or essential drugs. By the...

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