-The Times of India The Comptroller and Auditor General is likely to make a strong pitch for scrapping all the controversial allocations of coal mines during its presentation to Parliament's Public Accounts Committee. Sources said the auditor looks set to cite total lack of transparency in the recommendations made by the screening committee for allocation of coal blocks worth thousands of crores. In its presentation to the PAC likely next week, the...

-The Economic Times The disruption of Parliament over coal raises four issues. The first is the BJP not allowing a debate to take place on the so-called coal scam. The second is the machinations in coal and the Comptroller and Auditor General's estimate of loss and gain.  The third is the CAG suggesting that the government should have overridden the objections of state governments to the Centre's proposal to hold auctions for...

-The Indian Express Three new reports by the Comptroller and Auditor General (CAG) of India increased the heat on the embattled government on Friday. The statutory auditor’s report on coal block allocations, implementation of public-private partnership at the Delhi International Airport and the award of ultra mega power projects (UMPP), tabled in Parliament, accused the government of indulging in favouritism, irregularities in bidding processes, and causing massive losses to the exchequer. The...

-The Times of India Pointing out that the government extended windfall gains of Rs 1.86 lakh crore to private players by distributing coal blocks without bidding over years, the CAG has said, "A part of this financial gain could have accrued to the national exchequer by operationalizing the decision taken years earlier to introduce competitive bidding for allocation of coal blocks. Therefore, audit is of strong opinion that there is a...

-The Indian Express When the Delhi Development Authority had the sole right to build houses in the capital, it was unable to meet the demand from an expanding population. If private builders stepped in to build where the DDA was not doing so, is it a fair calculation to say that the profit they could make was a loss to the government exchequer? The CAG’s estimate of loss to the government...