Thursday 22 March 2012

India loses $210 billion from selling coalfields too cheaply

A draft report has suggested that the Indian government has lost $210 billion from selling coalfields too cheaply. Private and state companies bought the fields between 2004-2010. The government is accused of selling the fields cheaply because of the non-competitive nature of the sale.
http://www.bbc.co.uk/news/world-asia-india-17471359

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