*The Children's Investment Fund Management (TCI) says** *-Strong parallels between coal block allocation and coal fuel supply agreements (FSAs) -Comptroller and Auditor General (CAG) report on block allocation highlights coal ministry negligence -CAG highlights lack of objectivity by Coal Ministry -Lower FSA coal prices benefits not passed on to end users -Non-power companies receive FSA coal at discount to market prices -Huge profits to privileged companies awarded under-priced FSAs -Risk of corruption high as demand far greater than supply -Massive subsidies do result in higher profits -Large industrial companies pushed PMO to impose new FSAs -New FSAs at substantial discount to market prices on *Coal India* (CIL) -Government of India used power to improperly control CIL -Only solution is to raise FSA coal prices to market levels
-- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
