Wednesday, August 24, 2011

New guidelines for coal block allocation

Even after a huge scam in allocation of 2G spectrum, government has not learned any lessons and still have not formulated any guidelines on coal block allocation. here is the answer in parliament to the question on allocation on coal blocks,

 

“ With a view to bring in more transparency in the allocation of coal blocks, a system of allocation of coal blocks for specified end uses through auction by competitive bidding has been introduced by way of amendment of the Mines & Minerals (Development & Regulation) Act, 1957. New guidelines for allocation of coal blocks have not been formulated by the Government so far. “


This information was given by the Minister of Coal, Shri Sriprakash Jaiswal in written reply to a question in Lok Sabha today.

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NCJ/kd
(Release ID :74927)

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