-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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'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 »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 »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 »PAC to Soon Decide on Taking Up CAG Reports
-PTI Parliament's Public Accounts Committee will soon decide on taking up the three CAG reports on coal blocks, Delhi international airport and power projects tabled in Parliament today. "The time will be decided to take up the reports shortly and future course of action will be decided as per rules," PAC chairman and BJP leader Murli Manohar Joshi said here. He said the committee will seek necessary documents from the various ministries. "...Witnesses...
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