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IMG to determine the fortune of 148 coal blocks

03 Sep 2012 Evaluate
Despite on the instruction from Prime Minister's Office regarding the non-cancellation of coal blocks, an Inter-Ministerial Group (IMG) under the coal ministry is all set to cancel coal blocks allotted to private players since 1993. As a part of this 148 coal blocks were taken for scrutiny.

The primary focus of the panel will be for those 60 blocks which had been issued show cause notices in April. Of the 148 blocks, 53 found mention in the CAG list, 7were allotted during the NDA regime, and for the 32, the ministry has issued a caution advisory for not showing any progress. With regard to the coal block allocation, an IMG has been set up to examine the pros and cons and based on its report any number of allocations can be cancelled.

The panel is likely to meet within two days,  to fast forward the cancellation process after the PMO directed the coal ministry to take action and an IMG meeting has been taken place in the backdrop of stepped up pressure on the government to cancel 142 allocations which are under the scanner after the CAG report. GMR, Lanco, Sterlite, Arcellor and Tata are the some firms included in the coal block cancellation.

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