Amendments to GAAR finalised, says Chidambaram

"Merely because you raise it to 51 per cent does not mean somebody is going to come. There may be a willing buyer, there has to be a willing seller also. The Indian company must be willing to yield control. And (there is) no evidence of that. There are only half a dozen players in the sector," Chidambaram said.

'Coal scam figure will be mythical'

After terming CAG's estimate of Rs 1.76 lakh crore loss in 2G spectrum allocation as a "myth", Chidambaram said the estimated Rs 1.86 lakh crore loss in coal blocks allocation would also turn out to be a "mythical" and "fancy" number. "One business house told me that they were allotted a coal block some seven-eight years ago. (But) he has not been able to enter that area yet for a variety of reasons. Now what's the point in saying that some loss is there. What is the loss?," he asked.

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