BJP's Coal Block Scandal New Coal Bill extends blanket ...
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New Coal Bill extends blanket protection to govt officials Our Bureau
Comment (23) Piyush Goyal Ads by Google Don't Buy An Annuity.New Coal Bill extends blanket protection to govt officials
Comment
(23)
Govt bodies too get cover; TMC, Left object to legislation that replaces the Ordinance
New Delhi, December 10:
The Centre is
taking steps to protect government officials involved in allotting coal
blocks from prosecutions and legal proceedings.
The
Coal Mines (Special Provisions) Bill, introduced in the Lok Sabha on
Wednesday to replace an Ordinance, states: “No suit, prosecution or
other legal proceeding shall lie against the Central Government,
nominated authority, commissioner of payment or designated custodian or
any person acting on their behalf in respect of anything which is done
or intended to be done in good faith under this Act.” While introducing
the Bill, the Minister of State (Independent Charge) for Power, Coal and
New and Renewable Energy, Piyush Goyal, assured Lok Sabha that the
Government does not seek to de-nationalise coal mines.
Stake in Joint ventures
The
Bill stipulates that a private sector entity cannot own more than 26
per cent in public-private joint ventures in case of coal block
allocations.
However, if there is more than one
private sector entity in a venture, then their total stake should not
exceed 49 per cent. The Bill also prohibits government companies from
alienating or transferring any interest in such joint ventures by taking
loans or advances from banks or financial institutions.
The need for such a law arose after the Supreme Court on September 24 de-allocated 204 blocks given between 1993 and 2010.
The
Bill gives a clear roadmap for the Centre to auction/allocate coal
blocks. The Centre proposes to empower a Tribunal to resolve disputes
between a successful bidder and prior allottee.
The
Bill’s introduction saw opposition from Trinamool Congress MP Saugata
Roy, who said it “would open the door for de-nationalisation of coal
mines” and the giving away of the energy sector to private players.
Supported
by the Left parties, Roy said the legislation nullified the Coal Mines
Nationalisation Act of 1973 and allowed “total exploitation” of mines
and the people.
Amid protests, Goyal said it was
necessary for the Centre to come up with a solution, which is why an
Ordinance was brought in to avert a crisis in power generation due to
the lack of coal.
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