‘Coal block allocations from 1993 to 2010 illegal, done arbitrarily’: Supreme Court

The Supreme Court declared illegal all coal block allocations between 1993 and 2010, saying these were done in an unfair, arbitrary and non-transparent manner without following any objective criteria. The court, however, said that further hearing was required to decide whether there is a need for cancelling around 200 coal block allocations.

The petitions were based on the Comptroller and Auditor General’s (CAG) report that the exchequer suffered a loss of Rs. 1.64 lakh crore due to the arbitrary allocations of coal blocks. The coal blocks allocated to private companies between 2004 to March 2010 are situated in Jharkhand, Chhattisgarh, Maharashtra, West Bengal, Odisha and Madhya Pradesh.

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Categories: Bills and Acts in Current Affairs 2017Business & Economy Current Affairs 2017Environment Current Affairs 2017

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