-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...
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Auditor triple whammy hits govt in Parliament
-The Indian Express Three new reports by the Comptroller and Auditor General (CAG) of India increased the heat on the embattled government on Friday. The statutory auditor’s report on coal block allocations, implementation of public-private partnership at the Delhi International Airport and the award of ultra mega power projects (UMPP), tabled in Parliament, accused the government of indulging in favouritism, irregularities in bidding processes, and causing massive losses to the exchequer. The...
More »CAG estimates: Our likely loss Rs. 38,00,00,00,00,000
-The Hindustan Times Indian taxpayers may have lost as much as Rs. 3.8 lakh crore in scams in the power, aviation and coal sectors over the past eight years, the country's state auditor said in reports tabled before Parliament. The Comptroller and Auditor General charged the government with allotting coalfields and land for power projects and Delhi’s airport to private firms at a fraction of the market price, bringing the corruption issue...
More »10 facts on Rs 1.86 lakh crore 'Coalgate' loss
-Yahoo.com The Comptroller and Auditor General on Friday tabled three reports -- on power, coal and airports -- in Parliament, almost indicting the UPA government for allegedly 'causing' a loss of more than Rs 1.86 lakh crore to the exchequer. The report has also lambasted the government for favouring private companies who benefitted from such 'largesse', giving the opposition parties a lot of fodder to them to hit out at the government...
More »Coal: Govt slams Rs. 1.86 lakh cr loss report; BJP asks PM to quit
-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...
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