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COALGATE ROCKS PARLIAMENT, PM'S RESIGNATION DEMANDED

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
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Expect some more fireworks in Parliament and even more opposition "missiles" in the coming days for dear doctor. The tabling of the CAG report on the allocations of coal blocks to private parties triggered off trouble from the very moment it was presented. Labelled as the Mother of all Scams, the coal mining scam or the Coalgate is allegedly a scam in which the Comptroller and Auditor General of India (CAG) office has slammed the Government of India for allocating the nation's coal deposits to private and state-run entities in an irregular, arbitrary manner instead of publicly auctioning them to the highest bidder.

 

 

 

 

All this has resulted in a loss to the exchequer of INR 186,000 Crore (US $ 33.67 billion), based on potential losses to the airlines, power and other sectors during 2004-2009. The Opposition in Parliament has been quick to seize this opportunity and has demanded immediate resignation of the Prime Minister as, it believes, he is “directly” responsible for the scam because he held the Ministry of Coal when the allocations were made.


 

 

 

The scam is notable for the eye-popping sums involved. With scam after scam tumbling out of the government cupboards, the government will have a tough time defending itself and is likely to be on its most defensive in the coming days.



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