"We had suggested to the Union Coal Minister in May, 2005, and to the Prime Minister in June, 2005, that a sudden change in the policy of allotment of coal blocks will have an adverse impact on the viability of the then ongoing steel, iron and captive power projects in Chhattisgarh.
"Therefore, our suggestion was either to allocate coal blocks to ongoing projects or to adequately allocate coal blocks to state Mining Corporation, so that it could meet the demands of the existing or ongoing projects," Singh said.
His reaction came in response to a statement by Prime Minister Singh made in and outside Parliament today saying BJP Chief Ministers, including Raman Singh, had written to him in June 2005 seeking continuation of the extant policy of coal block allocation.
The PM said the Chhattisgarh Chief Minister had requested that any change in coal policy be made after arriving at a consensus between the central government and the states.
"We had also suggested that if Government of India decides for competitive bidding for allocation of coal blocks, then it would be in the fitness of the thing and fairness that the revenue to be generated through competitive bidding is shared between the concerned state government and central government," he said adding "now Govt of India has conceded to our demands of 2005 and the policy clearly keeps provision for the same".
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
