-The Economic Times   The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said.  This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...

Comptroller and Auditor General Vinod Rai on Tuesday trashed the suggestion that the federal auditor's estimate of undue gains to companies caused by the government's failure to auction coal blocks was "fallacious" or "erroneous". "We are incapable of making fundamental errors as being discussed in media. Our report will make clear all doubts on fallacies (that are) being talked about," Rai said at a seminar on 'Public Accountability and the Role...

The coal ministry has told the national auditor that its observations about “windfall gains” to private and state-run entities as a result of allocation of coal blocks without auction were “fallacious and erroneous”.   The ministry has rejected the Comptroller and Auditor General’s (CAG)’s observation that due process was not followed in allocating blocks, and insisted that a “fair and transparent” system was followed, and decisions taken after intense scrutiny and extensive...

The government continued to give away coal blocks without bidding even after a meeting headed by Manmohan Singh (in his role as coal minister) on October 14, 2004 decided that all future allocation would be through the competitive route, says a CAG report. The government auditors' draft report on performance of coal block allocations also says the Centre opted for the longer process of amending mining laws when it could have...

-The Times of India Faced with a looming embarrassment over the disclosure of irregularities in the allocation of coal blocks, finance minister Pranab Mukherjee on Saturday sought to play down the findings of the auditor, asserting that his final report would spare the government. Speaking against the backdrop of Opposition's criticism and its demand for a CBI probe into what is being called " Coalgate", Mukherjee said that that the report scooped...