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Thursday, March 22, 2012

''India tries to quell $211 billion coal furore''

From Reuters


"The Indian prime minister's office moved to quell an outcry over a reported $211 billion loss in revenues from the sale of coalfields on Thursday, after months of pressure over a slew of scandals that have weakened the government.

The Times of India earlier published part of a leaked draft report by the auditor's office that calculated massive revenue losses, causing a furore in parliament and driving stocks lower."

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