Action over auction

Image
Business Standard New Delhi
Last Updated : Sep 28 2015 | 10:02 PM IST
At the release of a report on the much-hyped coal auction, a journalist asked Coal Secretary Anil Swarup if the auction should be deemed a failure since most mine owners were planning to surrender their blocks. Without batting an eyelid, Swarup said, "Bring those mine owners; they never said anything like that to me." The journalist said he was merely citing the report released at the event. As nervous silence gripped PwC analysts who had compiled the report, some of them could be seen rushing to the journalist and to Swarup in a bid to explain that the report did not say any such thing. The episode ended with Swarup breaking into a fit of laughter at the confusion, while the organisers looked unamused. Meanwhile, the coal ministry continues to defend court cases on the various steps involved in the auction filed by some private players.

*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: Sep 28 2015 | 9:03 PM IST

Next Story