Fate of 57 Coal Block hang in Balance
TNI Bureau: The fate of 57 coal blocks mentioned in the Comptroller and Auditor General (CAG)’s report seems to be in darkness following the government-opposition war of words over the allocation of coal blocks rocked the Parliament since 7 days.
While the opposition demanded the cancellation of all 142 coal blocks, the government may cancel 57 coal blocks, which have come under the coal ministry scanner over their failure to meet deadline for production.
The fate of several major firms, including Tata, Arcelor Mittal, Bhushan Steel and Jindal groups, are uncertain as they have been issued show cause notices by the coal ministry and their replies are under scrutiny.
It is believed that 17 companies have not inquired about the land after they were allocated the blocks.
However, the government is under pressure. The PM and other Congress leaders might have been questioning the CAG report, but they have to take action against the firms indicted in the report.