-The Times of India More than five months after the CBI began investigating Coalgate, the agency is yet to receive hundreds of files from the coal ministry as it probes charges of criminality in allocation of coal blocks to private players. Although CBI has been sifting through an enormous mass of information regarding coal block allocations that the CAG has said caused a loss of Rs 1.86 lakh crore to the government,...
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Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh
-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
More »CAG reports are objectively prepared: Vinod Rai
-The Times of India Comptroller and auditor general Vinod Rai on Monday defended his audit reports and said they were carried out with objectivity and in a professional manner. "To ensure that our professional and personal conduct is above reproach, we have adopted a code of ethics comprising the general ethical requirements of integrity, objectivity, professional secrecy and competence," he said addressing an accountants general (AGs) conference in the Capital. The three-day conference...
More »CAG to brief PAC on coal issue today
-PTI Sparks are likely to fly in the meetings of Parliament's Public Accounts Committee as it takes up the controversial CAG report on coal block allocations from Friday when the government auditor will brief the panel on the issue. Comptroller and Auditor General Vinod Rai and his team of officials will brief the PAC on the auditor's findings on coal block allocation on Friday. The issue had virtually washed out the entire Monsoon...
More »Crunching numbers to soften Coalgate -Shalini Singh
-The Hindu The CAG has a lot of explaining to do on the methods used to reduce the loss it estimated in its draft report Comptroller & Auditor General Vinod Rai, who has maintained a dignified silence despite being in the government’s line of fire for his controversial report on coal, now has no choice but to break his silence. On Thursday, he appears before the Public Accounts Committee (PAC) where he is...
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