Manmohan to move Supreme Court |
Former Indian Prime Minister
Dr Manmohan Singh`s lawyers, led by senior advocate Kapil Sibal, are
likely to move the Supreme Court to challenge the trial court`s order summoning
the former PM as an accused in the alleged irregular allotment of Odisha`s
Talabira II coal block to a joint venture of the Hindalco company. Meanwhile, the
auction of 33 coal mines in two tranches is expected to generate revenue of a
little more than Rs 200,000 crores. But if royalty and upfront payment are
taken out, the revenue flow stands at Rs 183,000 crores, just a tad short of Rs
186,000 crores projected by the federal auditor some years back. Minister of
State for Power and Coal Piyush Goyal told the Lok Sabha that six major
coal producing states, including Odisha, Jharkhand and Chhattisgarh, are likely
to get Rs 183,000 crores as e-auction proceeds and Rs 25,029 crore as royalty.
These states would also get Rs 1,100 crores towards upfront payment. Power
cost will reduce by approximately Rs 96,971 crores resulting in power tariff
savings for consumers.
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