Coalgate: If coal is not mined, where is the loss? asks Chidambaram

August 24, 2012

not_minedNew Delhi, August 24: The government on Friday rejected the CAG report on allocation of coal blocks in which it has indicated a Rs 1.85 lakh crore ($37 billion) loss to the exchequer, saying the notion of presumptive loss is flawed.

"If the coal is not being mined, there is no question of gain or loss... the notion of this presumptive loss is flawed," finance minister PChidambaram said at a joint press conference here with coal minister Sriprakash Jaiswal.

Chidambaram said there has been hardly any mining of coal from the allocated blocks which are taken into consideration by the auditor. "As long as coal remain in mother earth there is no loss," he said.

Out of the 57 blocks considered by the CAG, mining was carried out in only one block.

The Comptroller and Auditor General of India (CAG) last week revealed that lack of transparency in the allocation of coal blocks to private players resulted in the loss of a whopping Rs 1.85 lakh crore ($37 billion) to the exchequer.

Jaiswal said the government didn't agree with the CAG assessment. "We don't agree with the CAG report," he said.

Jaiswal said that he had asked the CAG to consult coal ministry official before preparing the final report. "But the CAG did not consult our officials," he said.

He said the CAG also did not take into consideration the views of attorney general and the Empowered Group of Ministers (EGoM) on coal mining.

Chidambaram said it was the UPA government which brought about a change in policy for transparency and for that it was now being blamed.

"If you did nothing you will not be blamed; if you tried to change you will be blamed - is that the standard by which we will conduct our public affairs," he asked.

Asked about the future coarse of action on coal block allocations, Chidambaram said the government will take the decision taking into consideration the reports and views of the CAG, the attorney general and the Empowered Group of Ministers (EGoM).

The finance minister made a fervent appeal to the opposition, especially the Bharatiya Janata Party (BJP), to allow Parliament to function from Monday.

Chidambaram said the Prime Minister Manmohan Singh was ready to make a statement and debate the issue in Parliament in whatever manner the opposition wanted.

"The Prime Minister is willing to make a statement in the Parliament. He is fully prepared to answer all the questions that may arise," Chidambaram said.

Both Houses of Parliament were repeatedly adjourned for the fourth consecutive day on Friday as BJP kept up its demand for the Prime Minister's resignation over irregularities in allocation of coal blocks.

"We are disappointed that BJP is unwilling to allow Parliament to function and unwilling to discuss the matter on the floor of the House," the finance minister said.


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News Network
June 25,2020

New Delhi, Jun 25: Diesel price in the national capital crossed the Rs 80 per litre-mark for the first time ever on Thursday as oil companies raised prices for the 19th day, taking the cumulative rate to Rs 10.63 a litre.

Petrol price, after a day's hiatus, was hiked by 16 paise and the increase in less than three weeks now totals Rs 8.66 per litre.

Petrol price in Delhi was hiked to Rs 79.92 per litre from Rs 79.76, while diesel rates were increased to Rs 80.02 a litre from Rs 79.88, according to a price notification of state oil marketing companies.

Diesel had for the first time become costlier than petrol in Delhi on Wednesday and has now crossed the Rs 80 per litre-mark.

Rates differ from state to state depending on the incidence of value-added tax (VAT).

However, diesel is costlier than petrol only in the national capital where the state government had raised local sales tax or VAT on the fuel sharply last month. It costs less than petrol in other cities.

The 19th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs.

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price has been hiked on 18 occasions since June 7 and now totals to Rs 8.66 a litre.

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News Network
February 3,2020

Mumbai, Feb 3: Maharashtra Chief Minister Uddhav Thackeray, whose party severed ties with the BJP after the state elections, on Monday said that if somebody breaks a promise, "pain and anger is obvious".

"No, I did not get any shock," Thackeray said in an interview with Shiv Sena mouthpiece Saamana while talking about forming an alliance with NCP and Congress, and becoming the Maharashtra Chief Minister.

"I am a son of Shiv Sena Pramukh (Balasaheb Thackeray), several people tried to give a shock to me but they didn't succeed. This is a field where you have to accept in the beginning that there will be a bit pushing and pulling," Thackeray said.

He added that accepting the Chief Minister's post was not a shock for him and neither was it his "dream at any point of time".

"But I can say one thing for sure that I had decided to go to any level to fulfil the promise which I made to Balasaheb Thackeray. I want to further clear it that me becoming Chief Minister is not the fulfilling of the promise made to Shiv Sena Pramukh but it's just a step towards that. I will fulfil every promise which I made to my father," Uddhav Thackeray said.

"There are several types of shock. Did people like it or not, it is the important part. I have spoken on this issue (alliance with NCP and Congress) several times and even people have understood this. Making promises and keeping them are two different things. If someone breaks a promise, pain and anger is obvious," he added.

The Chief Minister said that he does not know if BJP "has come out their shock till now or not."

"But I have to say if they had kept their promise what would have happened, what a big deal had I asked for? Did I ask for stars and moon? I only asked for what was decided before Lok Sabha polls, when we decided seat distribution," he said.

He further said, "Maharashtra and the country are watching (who betrayed/shocked whom), I don't need to say much on this."

Soon after the Assembly election results, Shiv Sena demanded rotation of the chief minister's post and equal power-sharing in the state government, which was rejected by then ally BJP. The weeks of political stalemate led to the imposition of President's rule on November 13.

Firm on its demands, Sena, the second-largest party in the state, did not hesitate to cobble up with the ideological opponents -- NCP and Congress -- and was given the chief minister's post.

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News Network
May 29,2020

New Delhi, May 29: Union Home Minister Amit Shah on Friday met Prime Minister Narendra Modi and informed him about the views of all chief ministers on the extension of the ongoing nationwide lockdown beyond May 31, officials said.

During the meeting, Shah briefed Modi about the suggestions and the feedback he received from the chief ministers during his telephonic conversations on Thursday, a government official said.

The nationwide curbs were first announced by Prime Minister Narendra Modi on March 24 for 21 days in a bid to contain the spread of novel coronavirus. It was first extended till May 3 and then again till May 17. The lockdown was further extended till May 31.

The home minister's telephonic conversations with the chief ministers came just three days before the end of the fourth phase of the lockdown.

During his talks with the chief ministers, Shah sought to know the areas of concern of the states and the sectors they want to open up further from June 1, the official said.

Interestingly, till now, it was Modi who had interacted with all chief ministers through video conference before the extension of each phase of the coronavirus-induced lockdown and sought their views.

This was for the first time that the home minister spoke to the chief ministers individually before the end of another phase of the lockdown.

Shah was present in all the conferences of chief ministers along with the prime minister. It is understood that the majority of the chief ministers wanted the lockdown to continue in some form but also favoured opening up of the economic activities and gradual return of the normal life, another official said.

The central government is expected to announce its decision on the lockdown within the next two days.

The number of COVID-19 cases in India has climbed to 1,65,799 on Friday, making it the world's ninth worst-hit country by the coronavirus pandemic.

The Health Ministry said the death toll due to COVID-19 rose to 4,706 in the country. While extending the fourth phase of the lockdown till May 31, the central government had announced the continuation of the prohibition on the opening of schools, colleges and malls but allowed the opening of shops and markets.

It said hotels, restaurants, cinema halls, malls, swimming pools, gyms will remain shut even as all social, political, religious functions, and places of worship will remain closed till May 31.

The government, however, allowed limited operations of the train and domestic flights. The Indian Railways is also running special trains since May 1 for transportation of migrant workers from different parts of the country to their native states.

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