-PTI Government auditor CAG on Friday said private firms are likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which amounted to the loss to national exchequer. The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states. "Delay...

-The Hindustan Times Rapping the government for its failure to timely implement the competitive bidding mechanism for allocation of coal blocks, CAG on Friday said part of the Rs. 1.86 lakh crore loss could have been partially tapped had the procedure been put in place earlier. In its report, tabled in Parliament, CAG said 25 firms including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power were benefited to...

-PTI Flaying post-bid concessions to Reliance Power, the CAG today said the Anil Ambani-led firm got undue benefit of Rs 29,033 crore when the government allowed use of surplus coal from blocks allotted to Sasan power plant for its other projects. CAG in its report tabled in Parliament said subsequent to award of the 4,000 MW Sasan ultra mega power project to RPL, the government granted permission to the company to utilise...

-PTI Parliament's Public Accounts Committee will soon decide on taking up the three CAG reports on coal blocks, Delhi international airport and power projects tabled in Parliament today. "The time will be decided to take up the reports shortly and future course of action will be decided as per rules," PAC chairman and BJP leader Murli Manohar Joshi said here. He said the committee will seek necessary documents from the various ministries. "...Witnesses...

-IANS A right to information (RTI) activist here Monday complained to the Comptroller Auditor General (CAG), accusing a senior official of the premier auditing and financial propriety of splurging government money. Aires Rodrigues, in his letter of complaint to CAG chief Vinod Rai, said that Additional Deputy Comptroller and Auditor General Shankar Narayan, who was in Goa for a legislative orientation programme in June, splurged government money on business class air travel...