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Total Matching Records found : 325

CAG reports, instead of shedding light, increasingly spread confusion

-The Economic Times The three reports of the Comptroller and Auditor General (CAG) on coal, ultra-mega power projects and airports, playing out in the public discourse as major indictments of corruption and of the government, serve only to spread confusion and convert infrastructure building into a political battleground. The reports are ill-informed by commercial logic, sometimes deficient in factual detail. However, since they bear the authority of a constitutional body, the...

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Law ministry twice advised for auction but coal ministry ignored: CAG-Sanjay Dutta & Pradeep Thakur

-The Times of India Pointing out that the government extended windfall gains of Rs 1.86 lakh crore to private players by distributing coal blocks without bidding over years, the CAG has said, "A part of this financial gain could have accrued to the national exchequer by operationalizing the decision taken years earlier to introduce competitive bidding for allocation of coal blocks. Therefore, audit is of strong opinion that there is a...

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A misdirected audit

-The Indian Express When the Delhi Development Authority had the sole right to build houses in the capital, it was unable to meet the demand from an expanding population. If private builders stepped in to build where the DDA was not doing so, is it a fair calculation to say that the profit they could make was a loss to the government exchequer? The CAG’s estimate of loss to the government...

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'Drought-like situation this year may turn out to be worse than ’72 crisis'

-The Hindustan Times Union agriculture minister Sharad Pawar said on Saturday that the state’s present drought-like situation could turn into a greater calamity than Maharashtra’s drought of 1972. Pawar was speaking to the media after a meeting with his party leaders and district cadre to review the scarcity scenario. He said that while there have been forecasts of rain for the next four months, the rainfall predicted was  not satisfactory. “In the...

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SC winds up green bench-Samanwaya Rautray

-The Telegraph The Supreme Court has disbanded its 17-year-old green sentinel. The court has wound up its green bench that sat every Friday since 1995 to deal with matters of forests and wildlife and had recently banned iron ore mining in Bellary, Karnataka, one among a host of far-reaching orders related to the environment. No reasons were given for disbanding the bench, a move legal experts said was inexplicable. The bench has, however, not...

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