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This offsets the 12 billion AMCA mother of all aircraft deals!
Both Pakistanis and Indians need to get together, grab all our political leaders and put them on a big bonfire and burn them. Our leaders are not only corrupt but incompetent to the core.
Then who will replace them. You may like Generals, but we don't.
Anybody blaming BJP,BJD are trolling or stupid.
New Recruit
If it was BJP involved,do you think UPA and congress would be silent?And BJP would be banging up the central government?The scam is in non congress ruled states like"
Chattisgarh = BJP (congress was never in power in that state)
Jharkhand = BJP
Orrisa = BJD
India loses US $210 billion in coal sales in 'mother of all scams'
India lost up to $210 billion in revenue by selling coal deposits too cheaply, according to a government auditor's draft report, renewing pressure on Prime Minister Manmohan Singh, who is already reeling from corruption scandals.
Opposition parties reacted with outrage in parliament on Thursday to the report, which was leaked to the Times of India.
The session was adjourned and the government said it would respond once it had verified the facts.
"We are examining the news report and I have called for records. After that I will reply," Coal Minister Sriprakash Jaiswal told reporters.
The leaked draft from the Comptroller and Auditor General's (CAG) office criticises the government for allocating 155 valuable coalfields to about 100 private and some state-run miners instead of auctioning them off to the highest bidder.
It said the policy undervalued the coal by at least Rs10.7 trillion, or $210 billion at today's exchange rate.
"This is the mother of all scams," said Venkaiah Naidu, a senior leader in the opposition Bharatiya Janata Party. "The prime minister should reply."
Prime Minister Singh, who himself oversaw the coal ministry during some of the period in question, declined to reply to questions by reporters at parliament.
A similar investigation over the allocation of telecom licences led to huge protests that rocked Singh's government last year and landed a minister and several company executives in jail.
In the telecoms scandal, officials are accused of taking bribes to favour certain companies.
Jaiswal said he was not serving as minister during the period under scrutiny and that the government policy was now to auction coal blocks. The coal minister was expected to reply in parliament later on Thursday after consulting with the prime minister's office. A CAG source said the report would probably be presented to parliament in the next few days.
India loses $210 billion in coal sales in 'mother of all scams' - India - DNA
I was going to comment on just Indian leaders however I thought some Indians may think that I was saying it cos I was being partisan so I included the reference to our leaders.
Come on mate cant we even agree on this. It makes me sick to think there are people, children in Pakistan and India are sleeping hungry and we have leaders that are throwing this amount of money away??
So its official now, we beat our neighbors in corruption too.
The Vajpayee government expanded the process of economic liberalisation initiated by the P.V. Narasimha Rao government (1991–1996). His government initiated the privatisation of most state corporations, including the Videsh Sanchar Nigam Ltd. His government also began the establishment of special export processing zones, Information Technology and Industrial Parks across the country to bolster industrial production and exports. In its third term (1999–2004), his government launched the National Highway Development Project, with the first phase being the Golden Quadrilateral. In 2003, the government launched the Pravasi Bharatiya Samman (Honouring of Non-Resident Indians) and initiated plans to establish an Overseas citizenship of India to enable NRIs to invest and do business freely in India. His government also expanded efforts to encourage foreign investment, especially from Europe and the United States.
Premiership of Atal Bihari Vajpayee - Wikipedia, the free encyclopedia
my theory is, BJP and Congress actually are in bed with each other and are laughing their ***** off about how much money they can steal.