-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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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 »Rural internet usage grows faster than urban-Beryl Menezes
-DNA Not just mobile telephony, rural subscribers are emerging as the fastest growing consumers of internet as well in the country. According to the Internet and mobile Association of India (IAMAI), the number of rural internet users increased from 29 million as of December 2011 to 38 million at the end of June and is expected to touch 45 million by the end of December this year. The penetration of internet users in...
More »CAG has no mandate to audit pvt firms: Cong
-The Hindustan Times The Congress on Thursday said the CAG had no mandate to audit the accounts of private companies and sought to debunk the argument that the government should have opted for the auction route. The party also asked the CAG to respond to the debate triggered by its findings about its methodology and working style. Quoting a Supreme Court order in April this year, Congress spokesman Manish Tewari said the...
More »Centre cites SC on coal
-The Telegraph The government today dug out a 2006 verdict to argue that the Supreme Court was against auction of coal blocks as law minister Salman Khurshid questioned the presumptive revenue loss of Rs 1.86 lakh crore in the allocation of 57 blocks. Congress spokesperson Manish Tewari, who addressed a joint media conference with Khurshid, read out the verdict that had nullified the NDA government’s plan for e-auction of coal blocks. The verdict...
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