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CAG reports, instead of shedding light, increasingly spread confusion

-The Economic Times The three reports of the Comptroller and Auditor General (CAG) on coal, ultra-mega power projects and airports, playing out in the public discourse as major indictments of corruption and of the government, serve only to spread confusion and convert infrastructure building into a political battleground. The reports are ill-informed by commercial logic, sometimes deficient in factual detail. However, since they bear the authority of a constitutional body, the...

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Go beyond CAG: Shout less about notional losses, do more on genuine coal sector reform

-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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Western Ghats expert panel report under review-Nitin Sethi

-The Times of India The Union ministry of environment and forests (MoEF) has set up a committee under the chairmanship of Planning Commission member K Kasturirangan to review the controversial Western Ghats ecology experts panel report, which had recommended restricting industrial development in about 75% of the hilly terrain spread across six states. The Western Ghats panel report was roundly criticized by the state governments and other infrastructure-related Central ministries. The Kasturirangan...

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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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CAG estimates: Our likely loss Rs. 38,00,00,00,00,000

-The Hindustan Times Indian taxpayers may have lost as much as Rs. 3.8 lakh crore in scams in the power, aviation and coal sectors over the past eight years, the country's state auditor said in reports tabled before Parliament. The Comptroller and Auditor General charged the government with allotting coalfields and land for power projects and Delhi’s airport to private firms at a fraction of the market price, bringing the corruption issue...

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