India, Oct. 15 -- The Government has taken several decisions to rejig the mining auction process. It has asked for public feedback on some issues, and media reports indicate internal official discussions to reverse the existing reverse bid method. This hints that mandatory auctions, which were introduced a decade ago due to public pressure, political agenda, and judicial interventions, have run into tinted troubles. While the experience maximised government revenues, enhanced transparency, and minimised corruption, it led to struggles and surrenders, with several miners bidding goodbyes.

One of the biggest afflictions was the emergence of the so-called winning curse, which saddled the successful bidders with unviable projects, and projec...