-Live Mint The Comptroller and Auditor General (CAG) has criticized India’s atomic energy regulator for not being truly independent, not having a radiation safety policy and being lax in monitoring the proliferation of unregistered medical X-ray facilities in the country. This is the first time ever that the performance of the 29-year-old Atomic Energy Regulatory Board (AERB) has been reviewed by the government’s auditor. The move follows criticism of the safety of...
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Reforms, competition in distribution and end to coal monopoly only antidotes to power failures-Arvind Panagariya
-The Economic Times The power failure in India on July 30-31 was big news in US media. When the radio and TV stations began calling with the question whether this spelt the end to India's claims to global-power status, my first reaction was to remind them that a similar failure of the grid in 2003 had drowned the entire Northeast and Midwest in the US and Ontario in Canada into darkness. But,...
More »BJP-led Chhattisgarh, Rajasthan opposed competitive bidding-Sujay Mehdudia
-The Hindu The Bharatiya Janata Party and other opposition parties are crying foul over Prime Minister Manmohan Singh’s alleged involvement in the coal blocks allocation scam but the BJP-led Chhattisgarh and Rajasthan governments themselves were among the strong opponents to a transparent process of competitive bidding, and pitched for continuing the policy of allocation of coal blocks. Documents with The Hindu show that the BJP governments were against putting in place an...
More »Law ministry twice advised for auction but coal ministry ignored: CAG-Sanjay Dutta & Pradeep Thakur
-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...
More »Reliance Power got undue benefits in bidding for ultra mega power projects: CAG
-The Economic Times The CAG has questioned the eligibility of the Anil Ambani-led Reliance Power to have bid for any of the three ultra mega power projects (UMPPs) and said the company would enjoy undue benefits of Rs 29,033 crore over 20 years by using surplus coal at another plant. The CAG said that to be eligible to bid for a UMPP, a company should have implemented projects worth Rs 3,000 crore...
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