Elevated Jaiswal wants check on coal mafia

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

After being elevated to the Cabinet rank today, Coal Minister Sriprakash Jaiswal said checking coal mafia was a challenge before the government and he would like to 'wash out' certain things, so as to prevent revenue loss to state-owned companies.

"Now the challenge is to have proper check on coal mafia," a jubilant coal minister told PTI.

Jaiswal, who was Minister of State with Independent charge, has been promoted as a cabinet minister.

"The Prime Minister Manmohan Singh assessed my work for one and half years and then promoted me. So it means I have lived up to the expectation," Jaiswal said, adding, "This ministry was very infamous for certain things. I will try to wash it out."

He added, "I have tried to increase the coal production and was successful to an extent. A Group of Minister is looking into the matter of go, no-go (areas for mining) and our effort is to find out a solution at the earliest."

Jaiswal had said earlier that this year he would intensify his drive to cleanse the coal sector of wrongdoings.

Mafia, pilferage and theft eat into the productivity and profitability of coal companies. It was only in the second term of the UPA regime that concrete steps were taken to eliminate these anti-social elements, Jaiswal had said.

He had also said that 10,000 mafia groups operated in the country and are nestled mostly in Coal India (CIL) collieries and the annual plunder there was at least 5-6 million tonnes, causing huge loss to the state exchequer.

India is home to cumulative coal reserves of 267 billion tonnes, the largest in the world, and the fossil fuel accounts for 55 per cent of the country's energy needs.

Andhra Pradesh, Chhattisgarh, Jharkhand and Orissa are the main coal producing states.

State-owned CIL, which accounts for over 80 per cent of the domestic coal production through its seven subsidiaries, produced 431.5 million tonnes of dry fuel in 2009-10.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 19 2011 | 9:18 PM IST

Next Story