Commodities | Govt may adopt auction route for coal

Commodities | Govt may adopt auction route for coal
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First Published: Mon, Jul 27 2009. 10 57 PM IST
Updated: Mon, Jul 27 2009. 10 57 PM IST
New Delhi: The government on Monday defended the plan to introduce auctions in awarding captive coal blocks despite reservations that it may lead to an increase in prices of coal and end products, coal minister Sriprakash Jaiswal told the Rajya Sabha on Monday.
“There is an urgent need to bring in a process of selection which is not only objective but also demonstrably transparent. Auctioning through competitive bidding is one such acceptable selection process,” he said in a written reply.
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First Published: Mon, Jul 27 2009. 10 57 PM IST