February 21, 2015
https://www.facebook.com/mehtarahulc/posts/10152612503436922
https://www.facebook.com/mehtarahulc/posts/10152612503436922
Proof that leadership isnt much interested in genuine auction
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Auction at one mine fetched Rs 106 per tonne --- highest bidder was Navin Jindal !! Yes, Congress ex-MP Jindal and the man who gave anti-corruption awards to ArKe !!!
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Auction at other mine fetched Rs 3500 per tonne
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And difference isnt quality of coal, but auction rules that allow and restrict companies !!
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And the mining auction is NOT held OPENLY in public. The e-auction keeps everything secret !! Auction was NOT televised live !!!
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The mine blocks are kept large so that small companies can enter.
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Stringent conditions ensure that many companies cant even apply.
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All in all, auction is happening not because people at top really want a genuine auction. But social media has created enough pressure that now 100% discretionary allotment isnt possible, So auction is held, with strict auction conditions and "semi-openness" only. But very fact that it is auction, much larger revenues came.
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http://www.firstpost.com/…/sense-nonsense-coal-auction-jind…
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"Jindal's mine at Rs 108/tn, Birla's at Rs 3,502 ....."
.
Auction at one mine fetched Rs 106 per tonne --- highest bidder was Navin Jindal !! Yes, Congress ex-MP Jindal and the man who gave anti-corruption awards to ArKe !!!
.
Auction at other mine fetched Rs 3500 per tonne
.
And difference isnt quality of coal, but auction rules that allow and restrict companies !!
.
And the mining auction is NOT held OPENLY in public. The e-auction keeps everything secret !! Auction was NOT televised live !!!
.
The mine blocks are kept large so that small companies can enter.
.
Stringent conditions ensure that many companies cant even apply.
.
All in all, auction is happening not because people at top really want a genuine auction. But social media has created enough pressure that now 100% discretionary allotment isnt possible, So auction is held, with strict auction conditions and "semi-openness" only. But very fact that it is auction, much larger revenues came.
.
====
.
http://www.firstpost.com/…/sense-nonsense-coal-auction-jind…
.
"Jindal's mine at Rs 108/tn, Birla's at Rs 3,502 ....."
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