Coal Minister Sriprakash Jaiswal informed media persons that the auction of 54 coal blocks would not be possible this year because of long process involved in it.
The coal ministry will ensure that there is no lacunae in any process, the minister said. The minister's statement comes in the context of a CAG report estimating a huge gain of Rs 1.86 lakh crore to private firms in allocation of 57 coal blocks, disrupting the Parliament for consecutive days.
Global firm Crisil had emerged as the lowest financial bidder for the coal ministry's contract to prepare the methodology for determining reserve price for coal block auctions and the coal ministry had asked it to submit its report in three months.
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