New Delhi: In a new development in the coalgate issue, Central Vigilance Commission (CVC) on Monday asked the Central Bureau of Investigation (CBI) to probe all coal block allocations since 1993. The CVC has also forwarded a letter by Coal Minister Sriprakash Jaiswal that coal block allocations since 1993 be probed. Jaiswal had earlier forwarded a letter by some MPs seeking a probe. Reacting to the reports, BJP leader Prakash...
06:24 PM, Sep 24, 2012
Planning Commission Deputy Chairman Montek Singh Ahluwalia justifying the opening up the Indian retail sector to foreign direct investment (FDI) said that it will help increasing the income of farmers. Speaking to Karan Thapar on Devil's Advocate, Ahluwalia said that benefits to the farmers are going to come from modernising the entire retail spectrum. Here is the full transcript of the interview: Karan Thapar: Hello and welcome to Devil's Advocate....
08:16 PM, Sep 23, 2012
Siliguri/Jamshedpur: Record 13-time winners Mohun Bagan were eliminated from the 34th Federation Cup on Saturday after being blanked 0-2 by 10-men Air India in a group stage match here. Air India were reduced to 10 players after John Dias was sent off in the 11th minute but that did not help Mohun Bagan as the former, despite the handicap, scored through Elijah Junior (28th) and Henry Ezeh (85th) to earn...
09:26 AM, Sep 23, 2012
Planning Commission Deputy Chairman Montek Singh Ahluwalia has sought to justify opening up the Indian retail sector to foreign direct investment (FDI) saying it will create better quality jobs. Speaking to Karan Thapar on Devil's Advocate, Ahluwalia said that it was a complete misreading of reports that the FDI in retail would lead to job losses. It would instead lead to GDP growth and create more jobs in other sectors,...
07:55 AM, Sep 23, 2012
Jamshedpur: Salgaocar SC notched up its second victory comfortably, blanking United Sikkim FC 3-0 in a group 'D' tie of the 34th Federation Cup played here on Saturday. The winners shot ahead just two minutes into the game when defender Nicolao Colaco headed home after a rival defender failed to clear off a corner kick. Salgaoncar had to wait till the 81st minute to score its second when striker Angel...
06:09 PM, Sep 22, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Saturday registered two fresh cases against two private companies in its ongoing probe into the coal block allocation scam and carried out searches at seven locations across the country. The probe agency has charged Grace Industries and Vikash Metals and Powers Limited for alleged misrepresentation of their net worth and joint venture to illegally get coal blocks, CBI sources said. The...
02:59 PM, Sep 22, 2012
New Delhi: The CBI on Friday continued questioning of Abhijeet group chairman Manoj Jayaswal for the third day during which it sought information about his relations with the officials of coal ministry. The agency grilled Manoj for nearly eight hours about alleged misrepresentation done by his companies while applying for coal blocks, CBI sources said. They said the agency is also scrutinising documents provided by Jayaswals in their defence. The...
08:27 PM, Sep 21, 2012
Jamshedpur: Qualifiers Mohammedan Sporting stunned Durand Cup winners Air India in Siliguri, while defending champions Salgaocar and Pune FC kick-started their respective campaigns on winning notes in Jamshedpur in the Federation Cup football tournament here on Thursday. In Group B league matches in Siliguri, a second-half strike by Mohammad Mukhtar (54th) was enough to give Mohammedan Sporting a winning start, while star-studded Mohun Bagan played out a goal-less draw with...
11:31 PM, Sep 20, 2012
New Delhi: On the third day of questioning over the coal block allocations scam, Jayaswal brothers - Manoj and Arvind are being questioned together by the CBI. The Dardas may be next after the mining barons. Arvind Jayaswal is a shareholder in Jas Infrastructure and AMR Iron and Steel along with Congress MP Vijay Darda. Darda could be called in for questioning soon. Manoj, Anand and Abhishek Jayaswal are also...
05:04 PM, Sep 19, 2012
Mumbai: The Comptroller & Auditor General (CAG) report on coal block allocation will have no impact on the power sector, Union Power Minister M Veerappa Moily said in Mumbai on Tuesday. The Central auditor's assessment of notional loss of Rs 1.86 trillion and holding the UPA government responsible for the same is not right as the Coal Ministry took the decision in accordance with the law, he told reporters on...
09:27 PM, Sep 18, 2012
New Delhi: The government on Tuesday de-allocated two coal blocks, including one associated with brother of Tourism Minister Subodh Kant Sahai, even as the Inter-Ministerial Group (IMG) recommended punitive action against a firm owned by Congress MP Naveen Jindal. According to an official statement, the government also decided to deduct bank guarantees of two companies " Tata Sponge Iron and Bhushan Ltd " for failure to develop blocks allocated to...
07:49 PM, Sep 18, 2012
New Delhi: RBI Governor D Subbarao on Tuesday appeared before a Parliamentary panel and said he did not agree with the controversial Finance Ministry note which suggested that Finance Minister P Chidambaram could have insisted on auctioning the 2G spectrum. He also rejected suggestions that allocation of radiowaves resulted in a loss. Subbarao, who appeared before JPC on 2G scam as a former Finance Secretary, told the panel that he...
05:44 PM, Sep 18, 2012
Shares of JSW Steel, Hindalco and Tata Power on Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies. The government on Monday decided to deallocate the Gourangdih ABC coal block, given jointly to JSW Steel and Himachal EMTA in 2009, and deduct bank guarantee of mine given to Hindalco, Tata Power. Shares of JSW...
01:58 PM, Sep 18, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Tuesday continued the questioning of Arvind Jayaswal, the director of AMR Iron and Steel Private Limited and accused in the coal blocks allocations controversy. This is the second day of the interrogations. The CBI also sent summons to Jayaswal's brother Manoj for questioning. Meanwhile, the Inter-Ministerial Group (IMG) on coal blocks allocations has so far recommended eight blocks for de-allocation, out...
12:32 PM, Sep 18, 2012
New Delhi: Differing with CAG's suggestion of opportunity costing, Finance Minister P Chidambaram on Monday said government is not in the business of trading commodities, but facilitates allocation of resources for generation of more power and production of more steel and cement for common good. When asked about CAG's method of opportunity costing, which means that a commodity should be traded at the market price, he said if prices of...
02:39 AM, Sep 18, 2012
New Delhi: Moving ahead with action against erring coal block allottees, the government on Monday decided to de-allocate one more mine and deduct bank guarantees of two others even as the ministerial panel recommended forfeiture of bank guarantee of a block allotted to Hindalco and Tata Power. The decision to de-allocate Gourangdih ABC coal block, jointly given to JSW Steel, a company owned by Sajjan Jindal, brother of Congress MP...
08:16 PM, Sep 17, 2012
Coal Minister Sriprakash Jaiswal has said that there can be no better policy than the current one in India for sale of coal blocks. ...
01:15 PM, Sep 17, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Monday questioned Arvind Jayaswal, a director in the AMR Iron and Steel company, in connection with the coal blocks allocations. Jayaswal was named by the CBI in its FIR in the case. The interrogation comes ahead of the Inter-Ministerial Group (IMG) meet on Monday that will decide the fate of six companies. The body has already recommended seven coal blocks for...
12:45 PM, Sep 17, 2012
Home Minister Sushil Kumar Shinde at a recent function in Pune said that the public memory was short and it won't be long before it forgot the coal controversy too, just like the Bofors scam. ...
10:56 AM, Sep 17, 2012
New Delhi: The Inter Ministerial Group (IMG) on coal blocks will meet on Monday to decide the fate of six more mines allocated to private firms that were issued notices for delaying production. As of now, the IMG has recommended cancellation of seven coal blocks to the Coal Ministry. The IMG is currently reviewing coal block allocations. "The IMG may decide the fate of around six coal blocks in its...
05:22 AM, Sep 17, 2012
