-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...

-The Times of India The Comptroller and Auditor General is likely to make a strong pitch for scrapping all the controversial allocations of coal mines during its presentation to Parliament's Public Accounts Committee. Sources said the auditor looks set to cite total lack of transparency in the recommendations made by the screening committee for allocation of coal blocks worth thousands of crores. In its presentation to the PAC likely next week, the...

-Live Mint Cabinet refers land acquisition Bill to GoM to resolve differences after five ministers express apprehensions Differences within the Union cabinet have nixed the plans of the Congress-led United Progressive Alliance (UPA) to fast-track a new legislation for land acquisition and compensation, widely seen as a key measure to spur investment in the economy. Consequently, the cabinet on Tuesday referred the controversial land acquisition Bill to a ministerial group (a so-called group...

-The Hindu Refusing to join the public debate over its findings on the Centre’s coal block allocation during 2004-08, Comptroller and Auditor-General (CAG) Vinod Rai on Tuesday said he would clarify his position at an appropriate forum. The CAG report has come under attack from the Prime Minister, the Congress party and critics. The watchdog was criticised for coming out with ‘presumptive figures when no loss had taken place.’ “Being a Constitutional authority,...

-The Economic Times The disruption of Parliament over coal raises four issues. The first is the BJP not allowing a debate to take place on the so-called coal scam. The second is the machinations in coal and the Comptroller and Auditor General's estimate of loss and gain.  The third is the CAG suggesting that the government should have overridden the objections of state governments to the Centre's proposal to hold auctions for...