-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
More »SEARCH RESULT
Total Matching Records found : 887
Stop fresh investments in KG-D6: CAG -Sanjay Dutta
-The Times of India The Comptroller and Auditor General (CAG) has asked the oil ministry not to approve any more investments in Reliance Industries's KG-D6 oil and gas block till the company submits all records of its spending in the Andhra offshore field till 2011-12 for scrutiny. In a November 9 letter to the ministry, a top CAG functionary also suggested a similar action for the Panna-Mukta and Tapti (PMT) group...
More »What Shunglu report? It’s plain anger -Ramaswamy R Iyer
-The Hindu The intention behind the move to make the CAG a multimember body is not to activate the Shunglu Committee’s report but a desire to clip the auditor’s wings During the last few days there have been many comments on the report that the government of India was considering a proposal to make the Comptroller and Auditor General of India (CAG) a multimember body. The move has been widely seen as...
More »Sensationalism killed telecom sector: Kapil Sibal
-The Indian Express Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, the government on Friday said it plans to auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week. It also rejected Opposition allegations that government was celebrating the failure of the auction and said notwithstanding the poor response, it will...
More »Where’s the 1.76L crore, Congress asks CAG after 2G auction flop
-The Times of India The Congress on Thursday seized on the low yields of the 2G spectrum auction to attack the federal auditor's Rs 1.76 lakh crore revenue loss projection, setting the stage for another round of bitter feuding with the opposition. After the Supreme Court-ordered 2G auction yielded just Rs 9,407 crore, information and broadcasting minister Manish Tewari hit out at the comptroller and auditor general, saying, "Mr CAG, where is...
More »
