Narendra Modi also said that the money from the auction would not go to the Centre's coffers, but to the concerned states including Odisha, while he asked the state government to focus on long-term development plans, and not on "the petty things that give instant benefits".
The Supreme Court has pronounced the terms under which coal blocks were allocated as illegal but stopped short of deallocating the blocks. The apex court observed that the issue of de-allocation will need further hearing.
"I think the last three years, somewhere we have lost the direction on this count and that has costed the country dearly and that has costed us politically," he added.
Vinod Rai has denied all charges in the leaking of the controversial audit reports of 2G spectrum and coal block allocations. He said the CAG were following the media policy after a tripartite discussion between the Parliamentary Accounts Committee (PAC), the Government and the CAG.
In a damning attack on licensing policies of various governments, an overwhelming majority under UPA, a Parliamentary Committee on Tuesday said the controversial coal block allocations were 'unauthorised and illegal' and demanded scrapping of mines where output has not started.
Investigations in the coal block allocations have established irregularities by government authorities in allocation of the natural resources and around 300 companies are under its scanner, the CBI today told Supreme Court.
The Inter-Ministerial Panel set up to look into coal block allocations to government firms today came out with pre-determined evaluation criteria that include taking into account allotees' track record of developing the mines given to them.
The Supreme Court today issued notice to the Centre and the CBI on a plea for a probe by a special investigation team into the alleged irregularities in the coal block allocations.
CBI today started probe against 24 companies and public officials in connection with alleged irregularities in coal block allocations between 1993 and 2004, including during the NDA regime.
Sparks are likely to fly in the meetings of Parliament's Public Accounts Committee as it takes up the controversial CAG report on coal block allocations from Friday when the government auditor will brief the panel on the issue.
Minster of State in the PMO V Narayansami today said Centre is examining demands for including coal block allocations made during NDA rule within purview of CBI probe.
LK Advani calls Prime Minister Manmohan Singh's statement on coal blocks allocation disappointing. Advani says he should not have criticised the CAG.
The tabling of the CAG report on coal block allocations could result in further delays in getting mining approvals, Edelweiss Securities said in a research report today.
CAG reports on the privatisation of the Delhi airport, ultra mega power projects and coal block allocations are likely to be tabled in Parliament on Friday.
The government today downplayed the draft CAG report on coal block allocations with Finance Minister Pranab Mukerjee stating that 90% of the issues raised by the auditor at initial stage are dropped.