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Following the Supreme Court order quashing the allocation of 214 coal blocks the Modi Government seems to have decided to promulgate an ordinance empowering the government to take back these coal blocks and reallocate them to private entities through an e-auction.This completely nullifies the coal nationalization Act of 1973. Coal was nationalised as a precious national asset required for the country’s development especially to provide energy resources to the people. By an open market e-auction this objective would be negated. In any case such a decision cannot be taken unless the parliament enacts a legislation nullifying the 1973 Act.
Oct. 22 2014
The CPI(M) condemns the deregulation of diesel pricing. This is nothing but an abdication of the responsibility of the government to control and regulate the prices of a crucial item of fuel which has a direct impact on the prices of all essential commodities......The CPI(M) reiterates that the gas pricing system should not be based on the average of prices ruling in international hubs without any reference to the domestic cost of production of gas. .....The announcement of cash transfer scheme through banks for delivery of subsidy for LPG cylinders will lead to the exclusion of a substantial section of the people ...
Oct. 20 2014

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