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Coal auction to get 3.5 L cr; 36K cr saving via DBT

business Updated: May 30, 2016 06:04 IST

NEW DELHI: Auction of coal blocks being done will bring Rs 3.45 lakh crore to the nation’s kitty and Rs 36,500 crore would be saved on account of checking leakages through Direct Benefit Transfer (DBT) scheme for LPG subsidy, the government said on Sunday. “Previous 2G auction enriched select few while current spectrum auction fetched Rs 1.09 lakh crore for the nation. Previous coal auction steeped in corruption. Now coal auction to bring Rs 3.45 lakh crore,” according to the government.

First Published: May 30, 2016 06:04 IST