Exact math used by the government’s auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calculating losses arising from the improper allocation of second-generation spectrum to telecom companies in 2008 (or the so-called 2G scam), according to documents reviewed by Mint. This is not to suggest that the...

-PTI   The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors. Appearing before the Joint Parliamentary Committee (JPC) going into the 2G issue, RP Singh, the then Director General, Audit (Post and Telecommunication), said quantification of loss was not part of...

-IBN   Fresh controversy is set to erupt over Comptroller and Auditor General (CAG) Vinod Rai's loss estimates on the 2G spectrum sale. CAG documents accessed through Right to Information Act (RTI) by accused show that CAG overruled its own auditor on 2G loss calculation. According to Director General Audit (Post & Telecommunications) RP Singh the issue of Unified Access Service (UAS) licences and allotment of 2G spectrum caused a loss of Rs...

The 2G note has exposed the deep political rift in the top echelons of the UPA regime, spreading fear among insiders that the row will trigger repercussions within the Congress as well as the government in the coming months. The Congress leadership has decided to fully back the home minister for now but future responses will depend on the assessment of the Supreme Court. The apex court will decide whether P....

-The Indian Express   Great expectations are pinned to the upcoming monsoon session of Parliament, given the sheer volume of unfinished legislative business, and the amazing free fall of the past few months. The opposition’s passive-aggressive behaviour and the government’s reflexive obduracy over a JPC were the reason the winter session had to be written off, and that certainly contributed to the clear authority vacuum of recent months, even as agitations...