Why does the IAS Association defend HC Gupta but not Ashok Khemka?

Our second piece on this ghastly caterwauling over ex-coal secy HC Gupta. The fervent defence of former Coal Secretary HC Gupta seems to be taking India into dangerous waters. India’s Prevention Of Corruption Act, 1988 should be amended, wrote Partha Sen Sharma, a serving Indian Administrative Service officer in The Times Of India on Tuesday, […]

What the people defending former coal secretary HC Gupta are not telling you

Last week, former Coal Secretary HC Gupta surprised everyone in the Central Bureau of Investigation Court. He intended to “face trial from inside the jail” and withdraw the personal bond he had submitted in order to obtain bail, he told Special Judge Bharat Parashar. Gupta is an accused in several coal block allocation cases relating […]

Questions the CBI should answer before closing its probe in the Jindal coal block case

Even under the Bharatiya Janata Party-led National Democratic Alliance, the Central Bureau of Investigation’s inquiries into the captive coalblock allocation scam continue to be half-hearted. In the latest instance, as the Indian Express reported on April 2, India’s apex investigating agency has closed its probe into how former Congress Member of Parliament Naveen Jindal’s Jindal […]

Will India’s recent coal block auctions actually burden banks and skew the fuel market?

The first part of Scroll’s analysis of the coal block auctions took a close look at the auctions for the steel, cement and aluminium sectors. It found an extremely wide divergence in the winning bids. Some blocks went for twice the notified price of coal, or the price at which the bulk of India’s coal is […]

Why the CBI cannot claim much glory for filing a chargesheet against Naveen Jindal

The Central Bureau of Investigation on Wednesday filed a chargesheet against industrialist Naveen Jindal and 14 others in the Amarkonda Murgadangal coal block allocation matter. The matter will come up for hearing in the CBI court on Thursday. Apart from Jindal, among those named in the chargesheet are former Minister of State (Coal) Dasari Narayana […]

Coalgate. Part Two.

Last week, the NDA’s Coal Mines (Special Provisions) Ordinance, 2014, was greeted rapturously. Comforting a country facing coal shortages, it laid out a road map for ensuring coal supplies in the wake of the Supreme Court’s order last month cancelling captive coal-block allocations. But will the ordinance fix the mess left behind by the previous […]

what the affidavits submitted by the 40 operational coal block owners tell us…

Earlier this month, companies with operating captive coal blocks submitted affidavits in the Supreme Court. Attempting to ensure their blocks, 40 in all, are not deallocated along with those where mining has not started, these affidavits listed investments made, the quantum of coal produced and the production from the End Use Plant (EUP) paired with […]

and the supreme court comes in with an excellent verdict

yesterday, the SC ruled that all coal block allocations, from 1993 onwards, were illegal. and i, little rajshekhar, wrote this edit. The Supreme Court’s ‘Coalgate’ verdict needs to be welcomed. It gives India a rare second chance to fix terrible decisions made by our politicians. The coal allocations scandal is not an outrage merely because […]

on coal and ppps

The Economic Survey, last month, said there was an urgent need to fast-track the entry of private sector in coal mining to increase production of this mineral and, by extension, reduce imports. Subsequently, coal and power minister Piyush Goyal stated the government was considering the use of public-private partnerships (PPPs) to achieve this objective. PPPs […]

on the CBI’s decision to start filing closure reports…

in the past few days, india’s central bureau of investigation (CBI), one of the country’s apex investigating bodies, has closed some of the FIRs it had registered while peering into the captive coalblock allocations. the reason it cited was ‘insufficient evidence’. more recently, unnamed CBI officials have been giving interviews saying that there is no […]

on the investment in captive coal blocks

Last week, defending the Centre in its coal-block allocations, Goolam Vahanvati, the government’s top law officer, told the Supreme Court that companies had invested Rs 2,00,000 crore in their captive blocks. Some industry players have been citing this figure as the financial cost of a complete cancellation of licences. But ET calculations on the estimated […]

on how india’s attempts to fix the coalgate mess are faring

in the days after the cbi’s 14th FIR, delhi’s political circles crackled with ignorant speculation. the FIR was the congress’ way of warning industry against supporting narendra modi, the BJP’s prime minister aspirant; the FIR had been filed to discredit pc parakh, the former coal secretary; a rival business group was trying to scupper industrialist […]

coal to liquid projects. #coalgate

In the report it submitted last week, the parliamentary standing committee on coal observed that the inter-ministerial group (IMG) whose recommendations formed the basis of allotment of two large coal blocks to private players for conversion to oil “has not performed its duty honestly”. While the report does not elaborate on the IMG’s alleged failings, […]

a seemingly innocuous transaction

A company owned by former and current directors of the Naveen Jindal Group, and then by Naveen Jindal himself, gave an unsecured loan of Rs 2.25 crore in 2008 to a nondescript trading company, which used it to buy new shares on extremely generous terms of a company owned by Dasari Narayana Rao, one of […]

the five habits of successful coal block allottees (that manage to pip more eligible companies to coal blocks)

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 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 […]

Coal and Corruption. Part Two. Enter, Political Funding

following from the previous story, this one too says that corruption in coal goes far beyond the allocation of captive coal blocks. and that one of the larger forces driving corruption in this sector is the opaque manner in which our political parties are funded. It was a roundtable on ‘campaign finance reforms in India’, […]

Understanding India’s coal shortage: Captive blocks

something doesn’t add up here. over the last few months, the country has been awash in news reports about the sudden coal shortage being faced by power projects and others across india. these assertions are somewhat puzzling. for instance, india needs 731 million tons of coal every year. however, the total coal allocated to companies […]

is the environment ministry responsible for the shortfall in coal production?

a red letter day. i had two stories in the paper today. the first explored a rather curious contradiction. all this time, we have been hearing that the environment ministry has been diluting environment and forest clearance processes and clearing every project that hoves into sight. at the same time, there is this insistence by […]