The Comptroller and Auditor-General has slammed the Narendra Modi government for financial irregularities, particularly for mismanagement of public sector undertakings, resulting in losses of over Rs. 16,000 crore. It has come down heavily on the state-owned Gujarat State Petroleum Corporation (GSPC) for extending “undue benefits” to the Chief Minister's “favoured few,” mainly Adani Energy and Essar Steel companies, which coupled with its poor management and faulty agreements on exploration of oil...

-The Times of India   Providing fodder to the CBIprobing the various land allotments in the state during the YSR government, the Comptroller and Auditor General (CAG) has concluded that the Andhra Pradesh government doled out thousands of acres of government land to private individuals on an ad hoc and arbitrary manner without safeguarding the interests of the state. The CAG report for the year ending March 31, 2011, was tabled in...

-The Economic Times With its draft report alleging a coal scam, duly leaked to the media, the Comptroller and Auditor General (CAG) is making a habit of choosing sensation over sense. Its allegation of loss to the exchequer in allocation of 2G spectrum colours the public discourse on the subject, but was discarded by the CBI court in the telecom case as the basis for a formal charge.  Its assumption that the...

Comptroller and Auditor General Vinod Rai on Tuesday trashed the suggestion that the federal auditor's estimate of undue gains to companies caused by the government's failure to auction coal blocks was "fallacious" or "erroneous". "We are incapable of making fundamental errors as being discussed in media. Our report will make clear all doubts on fallacies (that are) being talked about," Rai said at a seminar on 'Public Accountability and the Role...

-The Economic Times   The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said.  This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...