Rs1,59,553 crore forex spent on coal import in four years

It seems that the UPA Government has tied itself into knots as far as its policy decisions are concerned, as on one hand it is relying heavily on imported coal to bridge its inadequate supply to power companies - considering that between 2007 and 2011 it imported around 300 million tonnes of dry fuel valued at Rs1,59,553 crore – while on the other hand it gave blocks to several high profile companies, which have been sitting on them since several years without mining even a single tonne of reserve.

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