Goa govt disputes mining scam loss figure of Rs 35,000 crore

Image
Press Trust of India Panaji
Last Updated : Aug 03 2017 | 6:02 PM IST
The Goa government has disputed a judicial commission's projection of Rs 35,000-crore loss caused due to illegal mining in the state from 2005 to 2012.
Chief Minister Manohar Parrikar today told the assembly the figure of estimated loss due to illegal mining put out by the Justice M B Shah Commission was not correct.
"As such, the assumed figure of about Rs 35,000 crore loss based upon lease encroachment was found to be not correctly projected," he said.
Parrikar said the state government has not yet completed investigations into mining illegalities which took place during that period (2005-2012).
Illegal acts were being investigated on a case-to-case basis, he added.
Parrikar said the CAG has not quantified loss from 88 operational leases.
"The commission has directed the government to assess, with the help of experts, the actual loss caused to the state from each mine and other illegal mining activities based on ground realities," he said, responding to a question tabled by Leader of Opposition Chandrakant Kavlekar (Congress).
Iron ore extraction in Goa was stopped in September 2012 by the Supreme Court after the commission, which probed the mining scam, submitted its report.
The apex court lifted the ban two years later but put several riders.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Aug 03 2017 | 6:02 PM IST

Next Story