With the draft rules of the proposed coal block auctions in the public domain, a set of industry experts says things are getting muddled as the government tries to balance contrasting objectives… “The government is again committing the historic blunder of tying itself in knots,” says Vinayak Chatterjee, chairman and managing director of Feedback Infrastructure, a Gurgaon-headquartered consultancy. He and other industry executives that ET spoke to outlined five major concerns.
out today. this update on the emerging blueprint for coalblock auctions.
these concerns are: might oligopolies resurface in the coal sector? should blocks be given free to government companies? is the government micromanaging these auctions? are the auctions being designed well? and, why is the government persisting with the captive coalblock concept?
Belying the pessimism which surrounded its formation, a committee set up by the environment ministry has submitted a hard-hitting report. Among other things, the committee, headed by former cabinet secretary TSR Subramanian, has recommended that project approvals should be granted not by the environment ministry but by a new National Environment Management Authority (NEMA). It has also proposed that state pollution control boards (SPCBs) be merged into state-level equivalents of the NEMA and that, most importantly, they be made accountable to the Union government.
the competition commission is one of the more interesting institutions to come up in india. it has a complex remit — to ensure fairplay in diverse markets. in a story out today, i take a look at its performance so far.
Comments former CCI member Geeta Gouri: “There are many industries and so we cannot have blanket norms.” For instance, in the online space that companies like Facebook and Twitter occupy, market dominance can be very transient — even if they have overwhelming market share. Ergo, to ensure markets function well, the CCI uses doctrinal tests for ascertaining abuse — as opposed to blanket rules…
as can be expected, this aspect of the CCI’s functioning brings in a lot of criticism. lawyers find its non-codified approach befuddling, for instance. in this story, i argue that such an approach is desirable. and that the criticism for the CCI should lie elsewhere — in its lack of proactive action to take on the monopolies budding in sector after sector.
a quick and dirty story on jan dhan yojana.