'Missing' coal block files: CPI(M) asks govt to explain

Image
Press Trust of India New Delhi
Last Updated : Aug 19 2013 | 7:21 PM IST
CPI(M) today demanded an explanation from the government on the 'missing' files pertaining to coal block allocation, saying it was a "very serious matter".
"At least 60 files are reportedly missing. It has come to light following the CBI investigations into the coal scam. It is a very serious matter. Many agencies, including the Prime Minister's Office, have been involved (in the files)," CPI(M) General Secretary Prakash Karat told reporters here.
He said the government should explain as to how the crucial files had gone missing. "There are ongoing investigations. We hope the government comes out with an explanation."
Maintaining that the Food Security Bill was "flawed and insufficient to meet the requirements of ensuring food security for all citizens," he said as there were several amendments moved by Left and other MPs on common issues, the government should accept them.
"If the present bill is passed, there will be several states which will be adversely affected. States like Tamil Nadu and Kerala have much better coverage of public distribution system than proposed in this bill," Karat said.
Observing that the rupee has breached the Rs 62 mark against US dollar, the CPI(M) leader lambasted the government for the "crisis manifested by the steep fall" in rupee value, saying this was an outcome of the government's "economic mismanagement and the neo-liberal policies."
He said the "deteriorating" economic situation was reflected in the slowdown in growth, contraction in industrial production, continuing high inflation and the widening current account deficit on the balance of payments "which has resulted in the steady depreciation of the value of the rupee".
These conditions, Karat said, have led to the relentless price rise with the prices of food items like vegetables shooting up. Petrol prices have been hiked five times in seven months amounting to over Rs 7.30 per litre, while falling industrial production has led to more joblessness, he said.
Noting that the government was seeking to overcome this crisis by attracting more FDI and giving more concessions to MNCs and Indian big business, he said the growing dependence on foreign flows and FDI will only worsen the problem.
*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 19 2013 | 7:21 PM IST

Next Story