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Even PSU looted Games funds: CAG

-The Times of India   It was not just private sector firms that made a killing out of the Commonwealth Games held last year. In a clear sign of how even public sector units viewed the Games as a windfall, the Comptroller and Auditor General has found that Electronics Corporation of India Ltd (ECIL) made huge profits out of its contract for Integrated Security System (ISS) for the Games. Given on a "nomination...

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Passing the buck

-The Times of India   The Delhi Commonwealth Games 2010 were supposed to celebrate sport while showcasing the capital city of a rising nation. But the mega-event's legacy isn't shining. As investigations into the organising of the Games continue, the corruption taint is spreading. In a performance audit report, the Comptroller and Auditor General indicts the Sheila Dikshit-led Delhi government for serious lapses and irregularities in the procurement of Games-related items. The...

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Opposition demands tabling of CAG report on CWG

-IANS   The opposition Thursday demanded tabling in parliament of the CAG report on irregularities in the Commonwealth Games. It also asked for Delhi Chief Minister Sheila Dikshit's resignation for alleged irregularities in some contracts. As soon as the Rajya Sabha met at 11 a.m., members from all opposition parties were on their feet, demanding that the government table the report soon. 'The CAG (Comptroller and Auditor General) report on the Commonwealth Games should...

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CAG says in process of finalising report on KG-D6 gas fields

-The Economic Times   Government auditor CAG today said it is in the process of finalising its report on Reliance Industries'sKG-D6 gas fields. Refuting allegation by theReliance Industries that it was not given enough time to respond to the audit observations, Comptroller and Auditor General of India Vinod Rai said, "We have given Reliance enough time to respond... it (the CAG report) is in the process of being final". Rai was responding...

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Now, The Oil Stain by Lola Nayar

By exposing its lesser arm, is the petromin hiding bigger sins? Petro Fallout     * Murli Deora, who as petroleum minister sought the CAG audit and sanctioned a CVC probe, offers to quit his ministerial post     * CBI action reinforces CAG draft report findings blaming DGH for oversight in implementation of production-sharing contracts     * Unease in market, as yet another CBI probe into charges of DGH having favoured RIL in its...

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