On why the institutional action being taken to clean up coal is necessary but not sufficient

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 on that theme. We argue that while a lot of government (and media) attention is focusing on the lack of auctions, politicians slipping coal blocks to friends, family and — possibly — pets, and companies dragging their feet on the blocks given to them, a mass of other questions are not getting  the scrutiny they deserve. These include the one-sided contracts PSUs are signing with private cos for extracting coal (See this and this), the poorly understood and explained crisis in coal india, the role of the bureaucrats in perpetuating the status quo, the statistical jugglery while quantifying india’s coal reserves, political rent-seeking

Take a look? Click here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.