New Delhi: A parliamentary panel has criticised the government for undue delays in allotment of coal mines through auction route amid dry-fuel crunch faced by the country.
"The Committee cannot but deplore these prolonged consultations delaying the allocation through bidding system and strongly recommend the government to complete the process of consultation without any further delay to ensure early allocation of identified coal blocks through competitive bidding process to boost coal production," the panel said.
The Standing Committee on Coal and Steel, chaired by Trinamool Congress MP Kalyan Bannerjee, in its report tabled in Parliament last week also objected to "unduly long time" in auction despite Mines and Minerals (Development & Regulation) Amendment Act 2010 passed by Parliament for introduction of system of auction by competitive bidding of coal blocks.
It said the delays were despite the Committee in its previous report asking the Coal Ministry to "immediately implement the Act in letter and spirit". The Committee also said that though CRISIL, which was selected as a consultant to the Coal Ministry for fixing reserve price for auction of mines submitted its report in October, 2012, the Ministry is yet to finalise the process....more
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