No-bid coal scandal hits Indian government
Source: Agencies |
August 22, 2012, Wednesday
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Print Edition
Print Edition
ANGRY opposition lawmakers shouted and crowded aisles in India's parliament yesterday to demand Prime Minister Manmohan Singh resign after an audit found the government lost huge sums of money by selling coal fields without competitive bidding.
Hindu nationalist Bharatiya Janata Party lawmakers and other opposition leaders targeted the prime minister because he was running the coal ministry during the 2004 sale. The auditor's report exonerated Singh, but it estimated that private companies got a windfall profit of US$34 billion because of the low prices they paid for the coal fields.
Parliamentary Affairs Minister Pawan Bansal said Singh wasn't going to resign. The two houses were adjourned for the day after the opposition blocked proceedings.
Singh later said the government was ready for any debate in parliament. "We can give satisfactory answers to all issues being raised," he said.
Singh's government has been floundering under a crush of scams and corruption accusations over the past year and has been unable to push through crucial economic reforms.
Corruption charges
A raft of scandals have surfaced, such as corruption charges made against ministers and senior officials over the hosting of the 2010 Commonwealth Games and an earlier audit that found India's treasury lost billions of dollars through the government's haphazard sale of cellphone spectrum.
The latest report by the Comptroller and Auditor General said last week the allocations of coal fields were made on the recommendation of state governments and exonerated Singh.
Gurudas Dasgupta, a Communist Party of India leader, said the ministry was under Singh's charge and he should accept responsibility. "I leave the question of Singh's resignation to his conscience."
Yashwant Sinha, a Bharatiya Janata Party leader, said his party could not overlook such a huge loss to the exchequer. "Nothing short of the prime minister's resignation will satisfy us."
The audit revealed that 142 coal fields were sold after July 2004 to private and state-run companies. Some of the coalfields bought by private companies in 2004 did not begin production till 2011, while some later made enormous profits by selling the mines.
The report criticized the sales procedure and said the allocation of coal fields "lacked transparency and objectivity."
Hindu nationalist Bharatiya Janata Party lawmakers and other opposition leaders targeted the prime minister because he was running the coal ministry during the 2004 sale. The auditor's report exonerated Singh, but it estimated that private companies got a windfall profit of US$34 billion because of the low prices they paid for the coal fields.
Parliamentary Affairs Minister Pawan Bansal said Singh wasn't going to resign. The two houses were adjourned for the day after the opposition blocked proceedings.
Singh later said the government was ready for any debate in parliament. "We can give satisfactory answers to all issues being raised," he said.
Singh's government has been floundering under a crush of scams and corruption accusations over the past year and has been unable to push through crucial economic reforms.
Corruption charges
A raft of scandals have surfaced, such as corruption charges made against ministers and senior officials over the hosting of the 2010 Commonwealth Games and an earlier audit that found India's treasury lost billions of dollars through the government's haphazard sale of cellphone spectrum.
The latest report by the Comptroller and Auditor General said last week the allocations of coal fields were made on the recommendation of state governments and exonerated Singh.
Gurudas Dasgupta, a Communist Party of India leader, said the ministry was under Singh's charge and he should accept responsibility. "I leave the question of Singh's resignation to his conscience."
Yashwant Sinha, a Bharatiya Janata Party leader, said his party could not overlook such a huge loss to the exchequer. "Nothing short of the prime minister's resignation will satisfy us."
The audit revealed that 142 coal fields were sold after July 2004 to private and state-run companies. Some of the coalfields bought by private companies in 2004 did not begin production till 2011, while some later made enormous profits by selling the mines.
The report criticized the sales procedure and said the allocation of coal fields "lacked transparency and objectivity."
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