-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...
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CAG challenges government to identify specific breach of constitutional mandate-Shalini Singh
-The Hindu Not only has the Comptroller and Auditor General (CAG) defended its position vis-à-vis allegations that it is exceeding its constitutional mandate, it has also been vindicated by the then former Finance Minister, Pranab Mukherjee. At an Economic Editor’s Conference in 2011, he said, “I am making it clear that I do not think the CAG is exceeding its jurisdiction, because the basic responsibility of the CAG is to identify...
More »Government ready for coalgate confrontation -Sujay Mehdudia
-The Hindu Even as UPA-II and the Opposition are bracing themselves for confrontation in and outside Parliament over coal blocks allocations during 2004-09, the Prime Minister’s Office and the Coal Ministry are ready with their defence: the policy imperative was to augment production by supplementing Coal India’s efforts with private participation within the parameters of law. According to documents available with The Hindu , the arguments, which the government hopes to present...
More »Loss figure not sacrosanct, we are open to debate: CAG-Pradeep Thakur
-The Times of India The estimate of Rs 1.86 lakh crore mentioned in the CAG report on Coalgate as "windfall gains" to private players who bagged coal mines allocated by the government without bidding is not sacrosanct, according to senior sources in the auditing agency. "We have never claimed that our estimate is not open to debate," sources said, adding that even the expression "windfall gains" was not that of the auditor....
More »Fix responsibility, don't nitpick, says CAG official-Shalini Singh
-The Hindu Real intent of auditor’s work is to end crony capitalism On a day Parliament was forced to shut down over Opposition calls for the resignation of Prime Minister Manmohan Singh in the wake of the Comptroller and Auditor General’s incriminating report on coal blocks allocation, the CAG itself held firm against increasingly ferocious attacks by the United Progressive Alliance. An official close to the CAG and the preparation of the controversial...
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