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Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh

-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...

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CAG reports are objectively prepared: Vinod Rai

-The Times of India Comptroller and auditor general Vinod Rai on Monday defended his audit reports and said they were carried out with objectivity and in a professional manner. "To ensure that our professional and personal conduct is above reproach, we have adopted a code of ethics comprising the general ethical requirements of integrity, objectivity, professional secrecy and competence," he said addressing an accountants general (AGs) conference in the Capital. The three-day conference...

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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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Centre putting Lokpal Bill in cold storage: Nitish Kumar

-PTI Bihar chief minister Nitish Kumar on Monday accused the UPA government of putting Lokpal Bill in cold storage and said the Centre's intention on the issue is not "pious and pure". Kumar, who was speaking to newsmen, supported Anna Hazare's movement saying it has raised an issue of public interest and it is for the Centre to take a decision on Lokpal. Referring to his recent meeting with senior BJP leader Murli...

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CWG: Urban Development Ministry Under PAC Scanner

-PTI The role of the Urban Development Ministry, responsible for creating infrastructure for the 2010 Commonwealth Games, has come under the scanner of the PAC which has flagged some serious issues regarding delay in getting environmental clearance and extending "undue favour" to a private company in awarding contracts. While responding to Parliament's Public Accounts Committee (PAC) query on the "inordinate delay" in approaching the Environment Ministry for getting clearance, the Urban Development...

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