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Coal auctions: Biggest transfer of wealth from corporates to poor

 

Date | March 19, 2015: At the last count, the coal auctions had fetched over Rs 2 lakh crore from just 33 mines. There are 170 more to go. This is the money going out of corporate pockets to the states, mostly poorer eastern ones. ET explains the transfer.

 

 

 

(Source: http://economictimes.indiatimes.com/)