COAL GATE, CONGRESS GATE OR FLOOD GATE OF CORRUPTION

Coal gate scam is being referred to as the mother of all revenue-loss scams. Like in the case of 2G scam, the government is coming out with

a) Zero loss theory

b) Allocation done to benefit the country's economy and common man

These guys in khadi really take the citizenry and voters to be the most gullible specie just waiting to hear from them some preposterous argument to condone them of the sin of bleeding Indian economy. A few masterpieces heard from these men of great wisdom. 

"If coal is not mined, if it remains buried in mother earth, where is the loss. The loss can arise only once the coal is taken out of mother earth, mined and sold at unacceptable price or value. But if the coal is not mined, where is the loss," he said. Mr. Chidambaram was apparently referring to the CAG's figure of Rs. 1.86 lakh crore "undue benefit" flowing to private firms who have been allocated coal blocks without auction since 2004. And he wants the country to believe that these firms are not going to produce/mine any coal in all future so that no loss occurs to the Indian exchequer. 

The coal minister, Mr Jaiswal while Defending the allocation of coal blocks to private companies, said neither India’s  8 percent growth would  have been possible without it nor  the country’s  growing power shortage would have been met. Strangely enough all this without a single ton of coal having been dug out from earth as  stated by Mr Chidambram.

The zero loss and country's progress through these allotments and the much advocated logic of their concern for the common man were forgotten in a jiffy when suddenly they decided to do away with spectrum allotments and decided to go in for the auction route and now boasted of big gains of thousands of crores of rupees to the government kitty. In the case of coal also the government has now decided to follow the route of auction in future without cancelling the earlier allotments. ( Forgetting conveniently the logic of Indian growth and cheap electricity to the common man) This in fact is a very smart/clever move as this will cut down any new competition to the earlier favoured entities both in the fields of coal production and power generation for all times to come.