Tuesday, Sep 27, 2022
Outlook.com
investigation: coalgate

Dragline Blues: The Hour Of Slack

Clearly, due diligence was not done. Coalgate details show how norms were thrown to the winds to favour a few.

Dragline Blues: The Hour Of Slack
PTI
Dragline Blues: The Hour Of Slack
outlookindia.com
-0001-11-30T00:00:00+05:53

As The Peat Burns

  • CAG says 57 coal blocks allocated since 2004 would have earned Rs 1.86 lakh crore had there been bidding.
  • Four of the 57 blocks are located in Congress-ruled Maharashtra; rest are in NDA/non-Congress states such as Chhattisgarh, Madhya Pradesh, Orissa, Jharkhand, Rajasthan
  • Government sources point out that while the UPA wanted to introduce bidding, NDA state governments and Left Front in West Bengal opposed it
  • CBI raids five firms. Among them is Congress MP and media baron, Vijay Darda, whose brother Rajendra is a minister in Maharashtra
  • BJP demands summary cancellation of coal allocations; Centre says due processes and procedures must be followed, asks why CAG did not look at 32 blocks prior to 2004

***

Until the digging begins, one never knows the quality of the coal (or any mineral, for that matter) the earth will yield. A similar mystery is now unfolding overground—how and why were so many companies allocated coal mines despite not meeting the requisite criteria of financial strength or clear end-use project for which the captive mine was sought?

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