-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...
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Reliance Power Got Undue Benefit of Rs 29,033 Cr: CAG
-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...
More »'Coalgate': CAG says private firms gain Rs 1.86 lakh crore in coal block allocation
-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...
More »For Centre, SC the only court: Madras HC-A Subramani
-The Times of India CHENNAI: How can a Union minister go around issuing statements on the commissioning of the Kudankulam nuclear Power Plant when a court is still seized of the matter, the Madras high court asked on Thursday. "He says the plant is going to be opened shortly. If that is so, why do you come to court?" asked a bench of Justices P Jyothimani and P Devadoss. Though the bench...
More »Are man-made factors behind erratic monsoon?-N Gopal Raj
-The Hindu For the fourth time in the past 11 years, India is heading for a ‘meteorological’ drought India is heading for a drought, in meteorological terms, for the fourth time in the past 11 years. The previous droughts during this period were in 2002, 2004 and 2009. A meteorological drought, in the sense that atmospheric scientists typically use the term, occurs when a monsoon ends with nationwide rainfall during the season falling...
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