"The coal block allocation was done in consultation with the chief ministers of states. There is no scandal and the BJP is unnecessarily raking up the the issue and stalling Parliament," Moily told reporters during his visit to Assam and Meghalaya to review the power situation in those two states.
"Prime Minister Manmohan Singh is a person of highest integrity and he is a reformer and the BJP has wrong by raising doubts about his honesty," Moily said.
He warned that de-allocation of coal blocks could retard power production in the country which would finally result in the lowering of GDP growth.
Allocation of coal blocks to private sectors had been done, he pointed out, after taking into consideration their 'massive' contribution in power generation and through a process of competitive bidding.
Defending the allocation of blocks, Moily said any action now could affect the economy of the country.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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