-The Financial Chronicle Finance minister P Chidambaram on Monday said neither he nor his colleagues talked about “zero loss” in connection with the CAG report, as inferred in a cartoon in the August 27 edition of Financial Chronicle, and in a report in another daily. The FC cartoon showed him holding a paper that said “zero loss theory”. Chidambaram said the statement is being issued to set the “record straight”, and clarified that...
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Now, government sees ‘zero loss’ in coal too -Sujay Mehdudia
-The Hindu CAG’s concept of presumptive loss flawed: Chidambaram Upset at the “unreasonable” disruption of Parliament by the BJP on the issue of allocation of coal blocks and the CAG report, the government went on the offensive on Friday, terming totally flawed the Comptroller and Auditor-General’s concept of presumptive loss and maintaining that no loss took place because the coal was still unexploited. “The policy for allocation of coal blocks has been the...
More »Allocation of mines put on hold in view of pending legislation
-PTI The government has decided to put on hold allocation of mines having minerals other than coal in view of the Mines and Minerals Bill pending before Parliament. The Prime Minister's Office (PMO) sent a directive in this regard to the Mines Ministry about two months back, sources said here today. The Mines Ministry was advised that since the Mines and Minerals (Regulation and Development) Bill 2011 had not been passed by Parliament...
More »CAG criticizes atomic energy regulator over policy gaps-Jacob P Koshy
-Live Mint The Comptroller and Auditor General (CAG) has criticized India’s atomic energy regulator for not being truly independent, not having a radiation safety policy and being lax in monitoring the proliferation of unregistered medical X-ray facilities in the country. This is the first time ever that the performance of the 29-year-old Atomic Energy Regulatory Board (AERB) has been reviewed by the government’s auditor. The move follows criticism of the safety of...
More »Now, CAG focuses on lax nuclear safety- Pradeep Thakur
-The Economic Times In case of a nuclear accident in India at present, the maximum fine that can be imposed by the regulator on an offending nuclear plant is Rs 500. A CAG report on Atomic Energy Regulatory Board (AERB), tabled in Parliament on Wednesday, has raised concern about the weak regulatory framework in the country that could pose potential danger like Chernobyl or the recent accident in Fukushima, Japan. Worse, the AERB,...
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