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The Coal Conundrum

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Way back in 2004, as Secretary of the Ministry of Coal, Government of India, the author had propo... Read More

Product Description

Way back in 2004, as Secretary of the Ministry of Coal, Government of India, the author had proposed opening up the coal sector for commercial mining and allocation of coal blocks through open competitive bidding. Had these proposals acted upon, ‘Coalgate’ and India’s current dependence on imported coal could have been avoided.The Comptroller & Auditor General of India in its report estimated that the Government’s failure to follow competitive bidding resulted in a notional loss of Rs1.80 lakh crore to the exchequer. Following this report, a PIL was filed in the Supreme Court of India. In an unprecedented order the Supreme Court of India cancelled all allocations of coal blocks made from 1993 to 2010, holding them as illegal and arbitrary.Simultaneously, the CBI started investigations into the allocation of coal blocks and filed a number of FIRs including one against the author. Though after thorough investigation the CBI filed three closure reports, the CBI Court decided to take cognigence of criminal offences against the author, industrialist Kumar Mangalam Birla and the former Prime Minister Dr. Manmohan Singh.This book is an attempt to show the inability of the Government to take right decisions at the right time and that of investigating agencies and courts to comprehend complex issues involved in economic and technical decision-making that has taken a heavy toll on the country’s economy and polity, apart from demoralising the civil services

Product Details

Title: The Coal Conundrum
Author: Parekh P C
Publisher: India Book Distributors Ltd
ISBN: 9788193401408
SKU: BK0434083
EAN: 9788193401408
Language: English
Binding: Paperback
Reading age : All Age Groups

About Author

A gold-medalist from the University of Roorkee (now IITRoorkee), PC Parakh worked as a Mining Geologist for National Mineral Development Corporation and Hindustan Copper Limited before joining the IAS in 1969. He received his Masters Degree in Fiscal Studies from the University of Bath (UK).In his parent cadre of Andhra Pradesh, Parakh had a long tenure in the Industry Ministry and was instrumental in making Andhra Pradesh a preferred destination for investment. He was also responsible for restructuring and privatizing loss-making state public sector companies under a British government-funded DFID programme.Parakh retired as the Secretary, Ministry of Coal, Government of India in 2005. Post retirement he is happily settled with his wife in Hyderabad and works for two NGOs involved in welfare of physically challenged persons and kidney patients.

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