Will auctions deliver better value for coal?

In a recent report, the Comptroller and Auditor General (CAG) of India has estimated that financial gains to the tune of Rs 1.86 lakh crore (around $37 billion) were passed on to private sector players which were allotted coal blocks between 2006-09; a part of this, it is thereby implied, could have come to the Exchequer, had there been a process of competitive bidding.

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