The report filed by the Comptroller and Auditor General of India (CAG) chronicles the loss to the exchequer which happened between 2004-2009 while allocating coal blocks to both private and public players. The blocks were not auctioned off and were assigned to companies in an arbitrary manner through a government screening committee. The screening committee consists of the secretaries of nine ministries having interests in coal, besides heads of various Public Sector Units and chief secretaries of coal-supplying states. It is headed by the coal secretary.
Image:A laborer takes a break at a coal depot on the outskirts of Jammu, Thursday, Aug. 23, 2012. The BJP is demanding the resignation of Prime Minister Manmohan Singh after an audit found the government lost huge sums of money by selling coal fields without competitive bidding. The auditor's report estimated that private companies got a windfall profit of Rs 1.86 lakh crores because of the low prices they paid for the coal fields. (AP)