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CAG's initial 2G loss figure was Rs 2645 crore: RTI

-IBN   Fresh controversy is set to erupt over Comptroller and Auditor General (CAG) Vinod Rai's loss estimates on the 2G spectrum sale. CAG documents accessed through Right to Information Act (RTI) by accused show that CAG overruled its own auditor on 2G loss calculation. According to Director General Audit (Post & Telecommunications) RP Singh the issue of Unified Access Service (UAS) licences and allotment of 2G spectrum caused a loss of Rs...

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Govt hints at CBI ‘study’ of note on PC by Samanwaya Rautray

A note prepared by the Centre’s counsel and circulated among journalists today suggested the CBI would “study” and “consider” a finance ministry note that appeared to cast aspersions on P. Chidambaram in the 2G scandal. “The new documents, filed for the first time before this court, will naturally be studied and considered by the CBI as usual and may be covered in the next status report,” the note prepared by P.P....

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GoM on graft pushes for transparency

-The Times of India   The government plans to bring forward legislation to implement key transparency measures in procurement, exploitation of natural resources and electoral reform in the winter session of Parliament. A meeting of the group of ministers (GoM) on corruption on Tuesday evening decided to move forward on anti-graft measures that it has been considering for some time now. The Vinod Dhall and Ashok Chawla committee recommendations on procurement and natural...

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Chances of corrupt public servants being caught and punished very less by Bibek Debroy

The Lokpal legislation, in whatever form, will not be the only law we have on corruption. Apart from statutes on prohibition of benami transactions and prevention of money laundering, there is the IPC (Indian Penal Code). Under Sections 169 and 409 of IPC, depending on the offence, public servants can face imprisonment (from two years to life) and fines. This wasn't enough of a deterrent and after Bofors, we had...

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Palm oil deal glare on Chandy

-The Telegraph   A vigilance court here today ordered investigation into Kerala chief minister Oommen Chandy’s role in a palm oil import deal when he was the finance minister in the K. Karunakaran government in 1992. Chandy today offered to step down and face the case “legally and morally” but was restrained from doing so by leaders of the Congress and other ruling UDF constituents as he was not Chargesheeted, sources said. “I...

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