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Thursday, July 19, 2018

‘Decision on coal blocks shouldn’t be political’

Everything in India should go by law,and action should be taken if there is violation.

Written by ENS Economic Bureau | Mumbai | Published: September 8, 2012 1:30:08 am

Stating that all the coal blocks allocated can’t be cancelled unilaterally,Confederation of Indian Industry (CII) president Adi Godrej on Friday said “political discussions and investigations should take place,but the decisions should not be political.”

“Everything in India should go by law,and action should be taken if there is violation. Political discussions and investigations should take place. But the decisions should be legal and not political,” the Godrej group chief said at a press conference.

Referring to the CAG report on coal allocation,Godrej said that CII has told the Supreme Court that auction is the preferred route for allocation of natural resources but it need not be the only route.

“If there are other ways that are appropriate in certain circumstances,it needs to be made very sure they are transparent and fair. The judiciary should come into the picture only if transparency and fairness is compromised,” he said.

Godrej welcomed the European Central Bank’s plans to calm the Euro debt crisis and exhorted the Indian government to build on the momentum with reforms that will restore India to its high growth trajectory.

“I welcome the ECB’s moves,and this is the first time some serious steps are being taken to resolve the difficulties in Europe,” Godrej said.

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