CAG estimates on coal blocks "illogical": Jaiswal

April 02, 2012 15:52

Coal Minister Sriprakash Jaiswal today described CAG draft report on allocation of coal blocks without auction as "illogical", asking by that yardstick even water used in the hydro projects should be charged.

"This is no logic. If this is accepted , then there are so many hydro projects in the country. Tell me whether usage of water was charged," Jaiswal asked.

He said the argument in the CAG draft report was "baseless", especially because when the blocks were given to the private and public sector companies for their captive usage, there was not much demand for coal.

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