Govt moves to quell $211 bln coal furore

A worker uses a loader to assemble the coal at a yard in the western Indian city of AhmedabadNEW DELHI (Reuters) – India lost up to $ 211 billion in revenue by selling coalfields too cheaply, a Comptroller and Auditor General’s (CAG) draft report said, sparking a furore in parliament on Thursday that added to pressure on the prime minister after months of scandals and policy missteps. The prime minister’s office called the estimated loss “exceedingly misleading,” after the report – leaked from the federal auditor and published in the Times of India – prompted lawmakers to demand an explanation and rattled investors. …



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