Mar 22, 2012, 03.20 PM | Source: IBNLive.com
A CAG report says the government lost Rs 10.67 lakh crore by not auctioning coal blocks between 2004 and 2009.
According to a report in 'The Times of India', 155 coal blocks were given to commercial entities without auction between 2004 and 2009.
The estimated loss is six times higher than the presumptive loss figure of Rs 1.76 lakh crore for the 2G scam.
The 110-page draft report is expected to be tabled in Parliament after the Union Budget is passed.
Coal block beneficiaries include almost 100 private companies as well as some public sector units in industries such as power, steel and cement.
When asked about the latest revelation, Coal Minister Sriprakash Jaiswal refused to make any comment on the report.
"I can't comment on the basis on any media reports. If we receive the CAG report, we will analyse it and then take action. I have been the Coal Minister only in the UPA II and during this time no coal block has been given," Jaiswal said.
Congress leader Shakeel Ahmed said, "From the reports that I have read in the media, it is just loss to the government, not a scam."
The Bharatiya Janata Party (BJP) and the Samajwadi Party (SP) said they want suspension of the Question Hour over the CAG report.
Reacting to the report, BJP leader Prakash Javadekar termed it as the 'biggest scam'. "This is the biggest scams of sorts. More truth is likely to come out. I have given a notice to suspend the Question Hour," he said.
The opportunity from govt's tech push: Infosys COO
In an interview with CNBC-TV18, UB Pravin Rao, COO
Govt clears Rs 28,000 cr road projs in Feb; Rs 10,300 cr on Fri
With Friday's approval, the number of projects cle
Govt to increase coking coal supply for steel to reduce import
This follows industry body Assocham recently stati
AP, US govt ink pact to develop Visakhapatnam as 'Smart City'
State Principal Secretary (Municipal Administratio
USTDA, AP Govt ink pact to develop Vizag as Smart City
The grant agreement was inked in the presence of A
Govt approves NSEL-FTIL merger; FTIL plans to challenge order
The NSEL-FTIL merger was recommended by the erstwh