-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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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...
More »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...
More »Karat favours coal mining through public sector
-The Hindu ‘Competitive bidding would favour private players, give rise to monopolies’ Even as the controversy over the Comptroller and Auditor-General’s (CAG) report on coal blocks allocation that reportedly caused a loss of Rs. 1.86 lakh crore to the national exchequer rages, the Communist Party of India (Marxist) has said coal allocations and mining, in future, should be done through the public sector. In an article in party organ People’s Democracy, party general...
More »Much more than a survival scheme -Aruna Roy & Nikhil Dey
-The Hindu An anthology of independent evaluations of MGNREGA shows that it has provided income security, improved health, narrowed the gender gap and created useful assets In the midst of the debates that prevail in this country over the feasibility of the world’s largest public works programme, the MGNREGA Sameeksha — an anthology of independent research studies and analysis on the Mahatma Gandhi National Rural Employment Guarantee Act, from 2006-2012 — is...
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