Supreme Court declares Coalgate scam

Supreme Court declares Coalgate scam

The Supreme Court declared as illegal government allocations of coal blocks since 1993, including those allocated to central and state PSUs. Former coal secretary PC Parakh said en masse cancellation of licenses would be disastrous for the economy, and the Supreme Court would probably come up with a mechanism to deal with de-allocation of coal blocks. While coal and power minister Piyush Goyal said he was happy the Supreme Court had announced part of the judgment in the coal sector.

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