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Article

2 Oct 2014

Author:
Times News Network

Assocham calls Supreme Court’s cancelling of 214 coal block allocations ‘a bit harsh’

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Terming the Supreme Court's ruling cancelling 214 coal blocks as "a bit harsh", industry body Assocham on Wednesday said it will lead to higher imports...Our main concern is on the kind of negative impact on the economy which has just been showing signs of recovery after over two years of slowdown," Assocham president Rana Kapoor said reacting on the ruling of the apex court. Being largely dependent on the thermal power, it is the coal which fires the economic growth, which will be halted, besides, the dependence on coal imports will increase," he said.

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