Wednesday, 26 November 2014

India is world's worst country for trade and Business in coal mines


India is world's worst country for trade and Business in coal mines
27 November, 2014, Australia USANEWSCORP
Photo: PM Narendra Modi meeting PM Sheikh Hasina in Kathmandu.

Photo: Shri Narendra Modi met Prince Salman bin Abdulaziz Al Saud in Brisbane.There is high demand for coal in India. Country is unable to meet it's Power demand. The Journal of Energy and Environmental Science reported that So many cities face regular power cut as a daily schedule. Industries, IT, and manufacturing sector greatly suffer due to inadequate supply of power. Orissa and Chhattisgarh have large coal resources. But corrupt political system in India keeps the exploration process away. Recently Supreme Court in India cancelled large number of coal mine auctioned. Many companies are facing investigation. The condition is so worst that active players are away from coal mining. Growth is slowdown already, but no one dare to demand the coal exploration. It's a big political issue in India, so ruling party too keeps itself away from it. Adani and other companies are ready to look foreign countries but reluctant to see inside the country. Previous Central Government was busted by coal block allocation scam. Now Supreme Court asks why CBI did not investigate Prime Minister Man Mohan Singh, as he was head of that department. Big companies, Prime Minister, Coal Secretory and Kumar Manglam Birla have already faced threat to their hard earned reputation due to coal scam. PM Modi is working to change the scenario and international relations.

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