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Auditor triple whammy hits govt in Parliament

-The Indian Express Three new reports by the Comptroller and Auditor General (CAG) of India increased the heat on the embattled government on Friday. The statutory auditor’s report on coal block allocations, implementation of public-private partnership at the Delhi International Airport and the award of ultra mega power projects (UMPP), tabled in Parliament, accused the government of indulging in favouritism, irregularities in bidding processes, and causing massive losses to the exchequer. The...

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Supreme Court rules out revival of mining without rehabilitation -J Venkatesan

-The Hindu Forest Bench says statutory clearance is a must   The Forest Bench of the Supreme Court on Friday made it clear that no iron ore mining operations in Karnataka shall be permitted to resume unless there was statutory clearance for mining and till reclamation and rehabilitation was implemented in full. The Bench, comprising Justice Aftab Alam, Justice K.S. Radhakrishnan and Justice Swatanter Kumar, took the decision after the Central Empowered Committee in...

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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...

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10 facts on Rs 1.86 lakh crore 'Coalgate' loss

-Yahoo.com The Comptroller and Auditor General on Friday tabled three reports -- on power, coal and airports -- in Parliament, almost indicting the UPA government for allegedly 'causing' a loss of more than Rs 1.86 lakh crore to the exchequer. The report has also lambasted the government for favouring private companies who benefitted from such 'largesse', giving the opposition parties a lot of fodder to them to hit out at the government...

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Coal: Govt slams Rs. 1.86 lakh cr loss report; BJP asks PM to quit

-The Hindustan Times Rapping the government for its failure to timely implement the competitive bidding mechanism for allocation of coal blocks, CAG on Friday said part of the Rs. 1.86 lakh crore loss could have been partially tapped had the procedure been put in place earlier. In its report, tabled in Parliament, CAG said 25 firms including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power were benefited to...

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