-The Times of India In a major embarrassment, the Centre on Thursday admitted to have inaccurately informed the Rajya Sabha on August 9 that it had accepted Ashok Chawla Committee's recommendation to take the auction route for allocation of natural resources. The government told the Supreme Court that the finance ministry was taking steps to correct the information given to Rajya Sabha on Chawla Committee recommendations, which were still under consideration and...
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Policy not faulty; we don’t agree with CAG, says Jaiswal
-The Hindu Union Coal Minister Sriprakash Jaiswal has rejected the Comptroller and Auditor-General’s conclusion that coal blocks allocation helped private companies gain Rs. 1.86 lakh crore. Talking to journalists after the report was tabled in Parliament on Friday, he said: “The policy adopted to allocate coal blocks was not faulty. There could not be a more transparent policy for allocation of coal blocks [since 2004 when there was no competitive bidding].” The CAG...
More »Reliance Power got undue benefits in bidding for ultra mega power projects: CAG
-The Economic Times The CAG has questioned the eligibility of the Anil Ambani-led Reliance Power to have bid for any of the three ultra mega power projects (UMPPs) and said the company would enjoy undue benefits of Rs 29,033 crore over 20 years by using surplus coal at another plant. The CAG said that to be eligible to bid for a UMPP, a company should have implemented projects worth Rs 3,000 crore...
More »Judicial overreach will erase legitimacy of review, cautions CJI-J Venkatesan
-The Hindu Urging the government not to lose sight of the concept of judicial independence in enacting laws to make judges accountable, Chief Justice of India S.H. Kapadia also called for judicial restraint among judges while delivering judgments. While interpreting the Article of a fundamental right, “we must also keep in mind that there is [an] institutional structure and architecture of the Constitution which provides for checks and balances. Sometimes in our...
More »‘Only auction’ approach not correct, AG tells court-J Venkatesan
-The Hindu Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday. Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices...
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