-Frontline The NDTV suit against a media research firm highlights the need for an independent, neutral system of monitoring TV viewing. AS a legal battle between NDTV and TAM Media Research is about to take off in the New York Supreme Court, broadcasters and advertisers in India are going all out to voice their criticism of the methodology adopted by TAM. NDTV filed a suit in the New York State Supreme Court...
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CBI names Congress MP, kin in Coalgate -Neeraj Chauhan
-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...
More »Government may cancel 80% of controversial coal permits
-The Hindustan Times More than 50 of the 60 coal blocks being reviewed by an inter-ministerial group (IMG) for inordinate delays face the risk of de-allocation if the projects are unlikely to kick off before 2013. This includes the possible cancellation of mining rights of seven captive coal blocks given to private companies during the BJP-led NDA’s rule between 1999 and 2004, top sources told HT. The IMG, headed by additional secretary...
More »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...
More »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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