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