Indian coal allocation scam

Coalgate is an Indian scandal involving coal mining rights in the reign of Manmohan Singh of 2004 until 2009. Revealed he was from the Indian Court. Excerpts from the report published by the Times of India on March 22, 2012. It is noted that the Indian government about $ 207 billion were missed because the Indian state does not publicly invited tenders for the mining rights. The mineral resources include approximately 33 billion tons of coal and 155 mines. Besides Singh also people from the private sector are accused of being involved in the scandal: Ratan Tata CEO of the Tata group, Anil Agarwal Chairman of Vedanta Group, Lakshmi Mittal CEO of Arcelor Mittal and Kumar Birla CEO of the Aditya Birla Group. In total, more than a hundred companies are involved in the scandal.

In the Indian Parliament, the opposition has prevented the deliberations and instead requires the full report of the Court. On the Twitter hashtag # Coalgate was on the day of publication of the most tweeted hashtag. Here were many angry or made ​​fun of Coalgate. The Minister of State Sriprakash Jaiswal, who is also the representative in charge of Manmohan Singh for the Ministry of Coal, said that such an approach was not bad, but would only policy. Had the company in an auction with commanded higher prices would have been incurred and these would have been passed on to the consumer.