Thursday, March 22, 2012

Indian government accused of 'looting the country' over coal mining contracts...

India's Congress-led government was yesterday accused of "looting the country" after a leaked report claimed it had lost $210bn (£133bn) by awarding coal mining contracts to hand-picked companies.

The disclosure by the country's Comptroller and Auditor General (CAG) office caused uproar among MPs who called on Dr Manmohan Singh, the prime minister, to explain why the government had "favoured" certain companies in 155 coal fields.

Opposition MPs decried the waste of precious natural assets which they said should be for the benefit of the nation rather than corporate favourites.

 $210bn is more than enough to feed every one of the 354 million people living under the poverty line in India for three years, according to government poverty figures released earlier this week. Full story...

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