Will scrapping coal blocks hurt economy?

PUBLISHED ON: September 3, 2012 | Duration: 32 min, 39 sec

  
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The BJP's demand has gone from the Prime Minister must resign to all coal block allocations must be scrapped. Is this the solution or will it lead to a fresh set of problems? The BJP cites the 2G case where the court ordered all licenses to be cancelled, and the new base price means the government will get much higher value. The government and prominent industrialists say this will be a disaster for India's faltering growth story. They say only those allocations should be scrapped where there is wrongdoing.
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