The Supreme Court on Friday slammed Communications Minister Kapil Sibal for his remark that the official auditor's report was "utterly erroneous" in assessing the loss on award of telecom spectrum at Rs.1.76 lakh crore ($40 billion). "It is unfortunate," said the apex court bench of Justice G.S. Singhvi and Justice A.K. Ganguly. The court said the minister must be more responsible and directed the Central Bureau of Investigation (CBI) to proceed with...

The Comptroller and Auditor General of India (CAG) has found several inadequacies in the implementation of the Swarnajayanthi Gram Swarozgar Yojana (self-employment scheme) by the State government, including inadequate coverage of the SC/ST and disabled beneficiaries and ineffective monitoring mechanism. The report of the CAG (Panchayat Raj institutions) - 2009, tabled in the Assembly on Tuesday, points out that non-utilisation of grants on time resulted in the loss of assistance to...

The Manmohan Singh government is digging an even bigger hole for itself by claiming there was no loss of revenue from the sweetheart sale of 2G spectrum to favoured corporate houses. “Milord,” cunning lawyers have argued in countless Hindi movies, “how can there have been a murder when there is no dead body?” I was reminded of this line when I heard Kapil Sibal — who has been performing as an...

The Public Accounts Committee, chaired by senior Bharatiya Janata Party leader Murli Manohar Joshi, on Wednesday described Union Communications Minister Kapil Sibal's recent comments on the CAG report on 2G spectrum allocation as “improper” and “inappropriate.” The committee's comments came after BJP leader Arun Jaitley rubbished Mr. Sibal's remarks within a few hours of his press conference here. Privately, BJP leaders were talking about “breach of privilege,” though it was not...

Also failed to notice how his predecessor misled the Prime Minister Communications and IT Minister Kapil Sibal might have termed the Comptroller and Auditor-General of India (CAG)'s calculation of loss to the exchequer from underpricing of 2G spectrum “utterly erroneous,” but he has completely ignored other scenarios presented by the auditor where new operators made crores by selling their stakes to global telecom giants or were themselves ready to pay more...