Vinod Rai’s searing honesty in his job as the country’s CAG has the government in many a bind CAG Catch 1 2G Spectrum, 2010 The CAG audit over a six-year period from 2003 finds loopholes in the implementation of norms, leading to DoT allocating spectrum at 2001 prices. Estimated loss to exchequer: the now-household figure of Rs 1.76 lakh crore. Outcome Former telecom minister A. Raja, MP Kanimozhi, telecom and...
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Prudence vs populism
-The Business Standard By staying the state government’s hand on the return of the land acquired by the Tatas for their automobile project in Singur, the Supreme Court has injected some sense into the handling of the matter. The Mamata Banerjee government created an avoidable mess with its hasty decision to find a legislative way out of a difficult political situation. Even as the Calcutta High Court was hearing the...
More »Farmers across India react strongly to fuel price hike
-The Economic Times Reacting strongly to the hike in the prices of diesel , kerosene and LPG, farmers across the country have contended it would have adverse affects on the agriculture sector and even prompt them to end their occupation. Petroleum Minister S Jaipal Reddy announced of a hike in the price of LPG (liquefied Petroleum gas) cylinders by 50 rupees on Friday. Apart from the price of LPG, the federal government's...
More »Government cold to CAG's quest for new powers by Siddharth Varadarajan
The United Progressive Alliance government may have shown a willingness to draft a new Lokpal Bill, but it is dragging its feet on a proposal to strengthen the public institution that has done so much to expose wrongdoings in public life: the Comptroller and Auditor-General (CAG). For the past two years, the CAG has been pushing the Finance Ministry — its nodal ministry — for crucial changes in the 1971 Audit...
More »‘PMO turned blind eye to repeated warnings' by Sujay Mehdudia
“Government can no longer convince people its hands are clean” A former Union Revenue Secretary, E.A.S. Sarma, has accused the Prime Minister's Office (PMO) of turning a “blind eye” to his repeated warnings about “alleged irregularities” committed in auditing capital costs and allowing price and other concessions to the Mukesh Ambani-owned Reliance Industries Limited (RIL) in the KG basin and Cairn India in Rajasthan. In a letter addressed to Prime Minister Manmohan...
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