Coal-gate - Economic reforms to economic deforms? - M.R. Venkatesh
Coal-gate - Economic reforms to economic deforms?
September 03, 2012 11:20 IST
Dr Singh, the architect of reforms, has in effect been the architect of this model of economic deforms. Whatever the Finance Minister Dr Singh giveth, the Prime Mnister Dr Singh taketh.
Interesting. Very interesting. One of the allottees of the coal blocks happens to be Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC). Readers may note that PIPDIC was set up by the Government of Puducherry in 1974 with the twin objective of promoting the Industrial Development of Puducherry and providing financial assistance to entrepreneurs. Surely coal does not figure in all these.
But yet inexplicably PIPDIC was one of those to whom Naini Coal Block in Orissa was allotted by the Coal Ministry on 25th July 2007. What has PIPDIC - a Puducherry Government sponsored finance institution to help entrepreneurs got to do with coal is beyond my comprehension. Yet it got coal allotted by the Government of India [ Images ].
Interestingly the Coal Mines (Nationalisation) Act 1973 allows captive mining in certain cases. This policy obviously includes those who require coal - viz., power plants, cement and iron and steel plants. But where does PIPDIC figures into all these?
September 03, 2012 11:20 IST
Dr Singh, the architect of reforms, has in effect been the architect of this model of economic deforms. Whatever the Finance Minister Dr Singh giveth, the Prime Mnister Dr Singh taketh.
Interesting. Very interesting. One of the allottees of the coal blocks happens to be Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC). Readers may note that PIPDIC was set up by the Government of Puducherry in 1974 with the twin objective of promoting the Industrial Development of Puducherry and providing financial assistance to entrepreneurs. Surely coal does not figure in all these.
But yet inexplicably PIPDIC was one of those to whom Naini Coal Block in Orissa was allotted by the Coal Ministry on 25th July 2007. What has PIPDIC - a Puducherry Government sponsored finance institution to help entrepreneurs got to do with coal is beyond my comprehension. Yet it got coal allotted by the Government of India [ Images ].
Interestingly the Coal Mines (Nationalisation) Act 1973 allows captive mining in certain cases. This policy obviously includes those who require coal - viz., power plants, cement and iron and steel plants. But where does PIPDIC figures into all these?
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