Saturday 27 August 2016
facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

SC Decision on Coal Blocks to Ultimately Benefit Economy: Javadekar

New Delhi

The Supreme Court decision treating as illegal all coal block allocations since 1993 till 2010 will ultimately benefit the country's economy, Environment Minister Prakash Javadekar said today.

"Yesterday, Coal Minister Piyush Goyal has already given a reaction which echoes the feelings of the government.... The stand of the government is that we welcome that. Let us come to some finality of it. We expect some finality on it.

"Whatever the Supreme Court decides, once that is decided, it does not go into a limbo. The decision then can be carried out and the national economy will ultimately benefit once the decision is done. So we are waiting for the final verdict," Javadekar told reporters here.

The Supreme Court had yesterday held that all coal block allocations made since 1993 till 2010 before pre-auction era during previous NDA and UPA regimes have been done in an illegal manner by an "ad-hoc and casual" approach "without application of mind."

The apex court, which examined the allocation of 218 blocks, said, "Common good and public interest have, thus, suffered heavily" as "there was no fair and transparent procedure, all resulting in unfair distribution of the national wealth."

Welcoming the Supreme Court judgement on coal mines issue, Goyal had yesterday said it will request the apex court to expeditiously resolve the issues to help increase domestic availability and reduce dependence on imports.

The government is awaiting Supreme Court to deliver its final view on how the mines "illegally" allocated between 1993 and 2010 should be treated, Coal and Power Minister Piyush Goyal had told reporters.

A bench headed by Chief Justice R M Lodha also held that "no State Government or public sector undertakings of the State Governments are eligible for mining coal for commercial use."

The bench also clarified that there was no challenge laid before it for cancellation in respect of blocks where competitive bidding was held for the lowest tariff for power for Ultra Mega Power Projects (UMPPs) in accordance with the opinion given in Natural Resources Allocation Reference.

READ MORE IN:
PLACES: New Delhi
SECTION: National
OUTLOOK 26 August, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
POLLS

In 1999, India and France entered into a $3.5 billion deal for the supply of these submarines. The first of the 6 subs is out on sea trials for the last three months and is to be commissioned later this year. At this stage, a newspaper in Australia has revealed secret data on the submarines, plausibly stolen from India. Indian Defence authorities have ruled out any pilferage of data from India.

POLL STARTED ON: Aug 26, 2016
Quiz
Brazil’s Rio de Janeiro is hosting the 31st Olympic Games from August 5 to 21. This is the first Olympics being held in South America and is going on even as a majority Brazilians are unhappy with their rulers. Here’s a quiz on some random Olympic facts and related trivia.
QUIZ STARTED ON: Aug 11, 2016
Advertisement