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Coal Scam

BJP slams Indian govt’s zero-loss theory

PTI, New Delhi
Rubbishing the no loss argument of the government in the coal block allocations, the BJP yesterday made it clear that it is in no mood to allow parliament to function till its demand for Prime Minister Manmohan Singh's resignation is met.
“A nation wide debate is on this issue though it is not taking place in parliament. Our strategy does not permit that we allow the government to use parliament to end this debate without any accountability. We want
the valuations of these 142 blocks in the market sky-rocketed.
“Once the coal blocks are allotted to private parties, the right to mine lies with the allottees and not with the Government of India. Even without actual mining the government has lost control over these mines,” Jaitley said.
He maintained that there was a “huge opportunity cost” which the government has lost and termed Chidambaram's no loss theory as "preposterous".
“The opportunity that the Government of
the debate to go on further,” Leader of the Opposition in the Rajya Sabha Arun Jaitley told reporters in New Delhi.
“There are occasions when obstruction in Parliament brings greater benefit to the country," he said.
Jaitley dismissed Finance Minister P Chidambaram's assertion on Friday that there cannot be a loss in the coal block allocations as no mining was done in many cases.
“Kapil Sibal had propounded the zero loss theory in the2G spectrum case... It was a bitter experience for him. He had to eat his words... Finance Minister P Chidambaram has not learnt lessons from Sibal's bitter experience and has tried to take it further," he said.
The BJP insisted that once the coal blocks were allocated,
India could have exploited now vests in private hands," Jaitley said, adding that the government has given away these blocks at “throwaway prices".
Defending disruption of parliament, the BJP leader said when the opposition forced a washout of the winter session of Parliament in 2010 to press for its demand for a JPC on the 2G spectrum issue, it had led to benefits for the country.
Enumerating these benefits, Jaitley said, then Telecom Minister A. Raja had to resign, a JPC was formed, charge sheet was filed in the scam, the 3G spectrum was auctioned which brought huge profits, and the 2G spectrum was reauctioned at a base price of Rs. 14,000 crore when it had earlier been given away for Rs. 1,658 crore only.