for a while now, i have been reporting on the never-ending happiness that is the finance ministry’s “one cluster, one BC” model — essentially, to split india into 20 clusters and then to have one common banking correspondent company for all public sector banks operating in each cluster. this company would then be the only […]
“You can find out from analysts if in their valuation of JSPL, they ascribe any value to any of these (coal) blocks? What they tell me is ‘no’.” in this interview to ET, naveen jindal, the head of Jindal Power and Jindal Steel and Power, makes a startling claim.
today’s ET carried a story which tries to answer one of the many puzzling questions thrown up by the coal scam — how did small, obscure companies like Jas Infrastructure or Vini Steel & Power bag a coal block where larger, more established ones failed? a part of the answer lies in, yes, the screening […]
On Tuesday, ET carried a small update on how the institutional response to coal-gate was shaping up. That article ended by concluding it will take more than these responses to clean up the suppurating mess in the indian coal sector. A story by my brilliant friend/colleague Avinash Celestine and me in today’s ET Magazine elaborates […]
A company brand new to the steel business and owned by the sons of Rashtriya Janata Dal leader Prem Chand Gupta applied for a coal block when he was the Union minister for corporate affairs and bagged it about a month after his tenure ended along with that of his government. This is the third […]
The story of alleged irregularities in the allocation of coal blocks to private players for captive use is taking a distinct turn, with institutions at three levels responding within their jurisdiction, and a chance of a fourth one stepping in. a quick and dirty update on what the CBI, the Parliament and the government itself […]
heard of a company called emta? no? i hadn’t either when i started work on the coal stories. and yet, over the last 15 years, it has silently raced up to become one of the largest cos in india’s coal economy. its coal reserves, say industry wallahs, rival those of western coalfields, which is one […]