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India: Indian coal-block auction hits wall over reserve price fixing

By  |  September 21, 2012

India’s plan to create an auction system for coal-block has received a hit because it is difficult to determine the reserve price. Finding a fair value is harder than anticipated, too low a reserve price would make it susceptible to allegations and charges of corruption as in the case of allocation. Too high a price would drive away potential investors, according to officials.

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