The Supreme Court order has created a new legal framework for coal mining by ruling that only the Union government and its entities can do it.
Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing, a top source said. The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders in March 2020. At least three bids came in by November 2020 but only one remains now after the others withdrew from the race.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
The new ordinance on land acquisition will allow land grabbers to deprive millions, destroy agriculture, horticulture, rivers, forests, tree cover and mangroves to extract minerals as well as ground water, without replenishment at a pace that will not leave anything for the next generation, warns activist Medha Patkar.
'The BJP suddenly seems vulnerable. This is not entirely surprising. In the past too, governments and leaders who won a thumping Lok Sabha majority lost popularity in a matter of months... The by-polls results shows that a degree of disenchantment with the Modi government is setting in,' says Praful Bidwai.
'Who's providing all this money to the BJP? And who's providing all this money to the Congress?' 'Where did all this money come from?' 'Who is enabling all these MLAs to be bought for Rs 50, 60 crores?' 'There's one MLA on whose behalf somebody claimed that the BJP invited him for Rs 60 crores. Whose money is this?'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances