Coal licenses declared illegal by India's Supreme Court
August 26 , 2014
The Supreme Court of India has declared illegal all licenses for coal mining that were awarded from 1993 to 2010, according to media reports.
The country’s apex court said the manner of giving mining rights to government and private firms was “not fair and transparent.” The court would have to now decide if more than 200 coal licenses need to be canceled.
According to a 2012 Comptroller and Auditor General (CAG) report, India lost a whopping $210bn in what is called the coal scandal.