Mining scams in India (colloquially Indian mining scam) refers to a series of alleged widespread scams in various ore-rich states of India, which has generated controversy. Such issues span encroachment of forest areas, underpayment of government royalties, and conflict with tribals regarding land rights.[1] The spill-over of the effects of legal mining into issues such as Naxalism and the distortion of the Indian political system by mixed politics and mining interests, has gained international attention.[2][3]
The latest scam that has come out is the coal mining scam in which the government has had a presumable conservative loss of Rs 1.86 trillion (short scale), due to the delayed implementation of a competitive bidding process for allotment of coal blocks, says the Comptroller and Auditor General of India (CAG).
- ^ "Scams Related to Mining in India".
- ^ "Fire in the Hole: How India's economic rise turned an obscure communist revolt into a raging resource war". Foreign Policy Magazine. 16 August 2010. Retrieved 19 August 2010.
- ^ Yardley, Jim (18 August 2010). "Despite Swirl of Scandals, Indian Mining Bosses Thrive". The New York Times. Retrieved 19 August 2010.