Real-time Stock quotes, portfolio, LIVE TV and more.
Sep 03, 2012, 07.29 PM IST
Rejecting the demands for Prime Minister Manmohan Singh's resignation and cancellation of all 142 coal blocks allocated in 2004, Finance Minister P Chidambaram on Monday slammed the BJP and said that the demands of the main Opposition party are 'outrageous' and don't have any logic.
The Finance Minister said that the government is ready to debate the coal blocks allocation in both Houses.
On the demand for independent probe into coal block allocations, Chidambaram said that the demand for any inquiry is a bit delayed as the CBI has already started the inquiry.
"If the policy is flaud it is since 1993; why take 2004 as cut off," Chidambaram added.
Chidambaram said, "The blocks allocated prior to 2004 faced difficulties and 25 blocks faced difficulties after 2004, so total 32 blocks have recorded unsatisfactory progress and ministry has cautioned and served show cause notice to them."
Chidambaram said that the decision to cancel the coal blocks allocation will be done only after fair procedure.
Explaining the government's position behind not accepting the demand for cancellation of coal blocks, he said an Inter-Ministerial Group is going into the issue and a date of September 15 has been set for a decision.
He said the Prime Minister's Office has indicated that the government should have a final set of recommendations from IMG as early as possible.
With regard to the BJP stance, he said the Prime Minister has made an "unprecedented offer" that he is willing to debate and discuss the issue in Parliament. The Finance Minister also appealed to the Opposition to return to the House and debate.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy