Coalgate

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In late March 2012 the Times of India reported that an Comptroller & Auditor General of India's draft report titled Performance Audit Of Coal Block Allocations had investigated the government's allocation of 155 coal areas between 2004 and 2009 without auctioning the areas. The report stated that the government's actions had extended "undue benefits" amounting to Rs 10.67 lakh crore (approx USD $208 billion on late March 2012 exchange rates) to the companies and publicly owned companies. The newspaper reported that "the beneficiaries include some 100 private companies, as well as some public sector units, in industries such as power, steel and cement."[1]

Articles and Resources

Sources

  1. Sanjay Dutta, "CAG: Government lost Rs 10.7 lakh crore by not auctioning coal blocks", The Economic Times, March 22, 2012.

Source documents

The report by the Comptroller & Auditor General of India, Performance Audit Of Coal Block Allocations, at over 16 megabytes was too large to upload as a single file to the SourceWatch server. As a result the report file has been split into five sections, each of less than 4 megabytes, to allow it to be uploaded to the server.

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