-Live Mint Show cause notices to be issued to companies, including Jindal Steel, Tata Power, GVK Power and Jaypee Group The government is set to issue show cause notices to the holders of at least 30 captive coal blocks, according to a senior coal ministry official with direct knowledge of the matter. Companies holding these blocks will be asked to explain why they failed to develop them and if the government is not...
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Make the CBI accountable also to the court, a Parliament committee and NHRC
-The Economic Times The Supreme Court has pulled up the CBI for misleading it on whether the agency had shared its status report with the government. Indeed, there can be no excuse for misrepresenting facts to the apex court. The Additional Solicitor General who told the court something that he knew to his personal knowledge to be false and the Attorney General who did not make amends must both go. The...
More »Law minister shown coal scam report, CBI tells SC
-The Hindustan Times The Central Bureau of Investigation said on Friday that the law minister had been given access to a draft copy of its report into the coal blocks allocation scam, prompting furious Opposition calls for his resignation and putting at risk the functioning of Parliament next week. CBI director Ranjit Sinha submitted a highly unusual affidavit to the Supreme Court saying the agency had shared the draft with minister Ashwani...
More »Government abused powers in coal block allotments, House panel says
-The Times of India Parliament's standing committee on Coal and Steel has indicted the government for "totally abusing its powers" in allotting coal mines between 1993 and 2010 through the "most non-transparent procedure" to "few fortunate ones for their own benefit". "The government cannot give largesse on its arbitrary discretion or its sweet will," the committee, under the chairmanship of Trinamool Congress MP Kalyan Banerjee, said in its latest report tabled in...
More »FM P Chidambaram warns rich promoters on loan defaults
-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...
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