-The Times of India Expectedly, CAG's reports on coal, power and Delhi airport have raised a storm. Yes, one takeaway is the need for transparency in resource disbursal and use, be it minerals or land. But if CAG - whose job is to keep accounts - habitually hypothesises about presumptive revenue loss owing ostensibly to absence of this or that policy in the past, where will it end? Its coal audit...
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NREGS: Ramesh pulls up state-KN Reddy
-The Asian Age Stating that many serious irregularities have come to light in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) in some districts of Karnataka , Union rural development minister Jairam Ramesh on Sunday took the Karnataka government to task for failing to take action. Speaking to media persons after visiting family toilets built under the Parishud Grama Yojana by Infosys Foundation at Gamvar village in Jewargi...
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 »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...
More »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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