CBI to seek extra time from CVC to investigate the Coal Gate. The agency failed to register a FIR in the case so far. It only has a Preliminary Inquiry registered. CVC deadline expires next week. Prime Minister Manmohan Singh indicated that the government will effectively counter any Opposition attack on the issue. Asked how will the government counter the onslaught of the Opposition after the CAG report is tabled. Dr Singh said “We will do as well as we can.” The crux of the government’s argument is of course that it never treated allocation of coal mines as a “revenue-generating exercise”. And that the CAG’s loss figure of 1.8 lakh crore is highly exaggerated.
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