Coal Allocation

Coalgate: Rs 3 lakh cr loans at risk. Banks biggest victims of UPA scam

The Supreme Court's verdict on Monday that deems coal block allocations made between 1993 and 2009 illegal might be a big blot in the otherwise impeccable resume of Manmohan Singh, but the biggest victims to the whole turn of events are banks, whose money appears to be at big risk.<br />

Huge investment not ground for cancelling coal allocation: SC

The Supreme Court today said huge investment made by companies in coal blocks without getting clearance cannot be a ground for not cancelling licences and asked the Centre to respond whether it intends to de-allocate such allocations.

Being final signatory, Singh is responsible in coal scam, says BJP

A slugfest erupted today between Opposition parties and the government over the coal scam, with BJP holding Prime Minister Manmohan Singh responsible saying he is the final signatory while Union Ministers defending him in unison.

Actual vs Notional: CAG, Coalgate and the credibility joke

If everything comes down to notional calculations where does it end? An auditor’s job is not to get into the territory of the hypothetical.