 "SC cancelling coal block allocation will enable fresh start: Ravi Shankar")
Government today said Supreme Court's decision to cancel the allocation of 214 coal blocks was in accordance with its stand and will enable it to make a 'fresh start'.
"Basically, the judgement is in accord with the Government of India's stand in affidavit," Law and Telecom Minister Ravi Shankar Prasad said here.
"The government has already taken a position (on the issue) that we will be happy if all (blocks) are cancelled so that we can make a fresh start except for those which are (with) government companies and some other pressing needs," he told reporters.
The Supreme Court today quashed allocation of 214 out of 218 coal blocks which were alloted to various companies since 1993 and in which it was claimed that around Rs 2 lakh crores were invested.
"Basically, the judgement is in accord with the Government of India's stand in affidavit," Law and Telecom Minister Ravi Shankar Prasad said here.
"The government has already taken a position (on the issue) that we will be happy if all (blocks) are cancelled so that we can make a fresh start except for those which are (with) government companies and some other pressing needs," he told reporters.
The Supreme Court today quashed allocation of 214 out of 218 coal blocks which were alloted to various companies since 1993 and in which it was claimed that around Rs 2 lakh crores were invested.
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 →*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
SAVE 25%