India's abundant mineral wealth

Our India is richly endowed with arable land and  finest minerals.India has all natural resources and minerals in abundance in its soil. Indian government highly inefficient for it is not able to manage and allocate minerals.The immense importance in allocation of its resources to sustained development is not realized by the government.At this present state of technology available to us (e-bidding, e-tendering and so on)  we have transparent methods in allocation of natural resources. But the policy on this was made only now after the exposure of the 2G scam(allocation of spectrum) The allocation of coal blocks was done prior to the making of the policy(allocation of natural resources). Retrospectively  applying the policy is going to make all past government's actions into semi scams,The MM(D&R) Act came about in September 2010, till then competitive bidding was not often practiced. The prevalent procedures were followed. As per state auditor(CAG),Indian tax payers have lost 3.8 lakh crore in scams in power, aviation and coal sectors.CAG has charged the government with allotting coal fields and land for power infrastructures at a fraction of the price it should have been. This has given private companies huge benefits and natural resources of the country has been lost.At the cost of its people's well being, mineral wealth has been lost. With the power given to it, the government has responsibility towards its people, why did it give away coal blocks at cheap price ?  57 coal mines were given without any sort of auction between 2005 and 2009. Government had given the last date of June 28,2004 for competitive bidding, but it went on allocating blocks till 2009;there would have been more gain for government if the bidding went on all at once.The prevalent circumstances had made delays as approvals and counter approvals were needed from different parts of the bureaucracy. Different ministries were involved,forest area had to be opened up for mining activity(environment ministry had to give approval), power ministry was making phenomenal demands and consultations from all took time.There was also post bid concession which was given to favorite companies. There is constant effort by the government to do favors for corporate sector, but at the cost of whom? The people, their national wealth, their development and their progress. There was need at that point to create additional capacity;only then power could be generated quickly because there was a big, ever increasing demand.The government is actually working against its people, because there was a huge loss of potential revenue. But allocation of natural resources was not thought of as a revenue generating process, but all decisions cause loss of public money and national resources; and costs will have to be calculated.Why should the people tolerate this?We have really no choice.Farther up the bureaucracy we see, lesser is the commitment to the real development of India.