Coal loss Rs 1.86L cr, Delhi airport 24K cr, power 29K cr: CAG
PrintListen to this Article
The Comptroller and Auditor General’s (CAG) reports on allocation of coal blocks without bidding and the Delhi airport concession given to GMR and power projects was tabled in Parliament on Friday.
The CAG report on allocation of coal blocks between 2004 and 2009 without auction has pegged the value of ‘undue benefits’ has caused an overall loss of over Rs 10 lakh crore.
The report says that 44 billion tonnes of coal was given away at throw-away prices, while 194 coal blacks were allocated on mere recommendations.
Importantly, as against the draft report, the final CAG report was silent on the role played by Prime Minister’s Office in allocation of coal.
The major beneficiaries included Tata Group entities, Jindal Steel & Power, Anil Agarwal Group firms, Essar Group's power ventures, Adani Group, Arcelor Mittal and Lanco.
Delhi airport
The CAG report on public-private partnership for the Indira Gandhi International Airport had reportedly said that Delhi International Airport (DIAL), which runs the utility, has a potential to earn Rs 1,63,557 crore over a 60-year period from the land given to it on a lease rent of Rs 100 per annum, hurting the interest of the government.
The report pointed out that 239 acres of land for construction of the terminal was given away to GMR Group owned Delhi International Airport Limited (DIAL) on lease as against the market rate of Rs 24000 crore rupees.
Also, even after getting land at such low rates, DIAL was charging User Development Fee from passengers using the airport. The CAG said that the company has made over Rs 3400 crore by way of UDF and that the clause allowing DIAL to charge UDF was not in the initial agreement but was later introduced by the civil aviation ministry.
Power
The CAG also raised questions on some power projects in the country. On the Sasan Power Project of Reliance Power, the auditor said that differential tariff has led to a gain of Rs 29000 crore for the company.
CAG said bidding process was vitiated by allowing Reliance Power to use excess coal from three blocks allocated to Sasan project. (ZEE)
Category : General | Comments : 1 | Hits : 615
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Organisation (EPFO) said the decision to remove Aadhaar was taken following a directive from the Unique Identification Authority of India (UIDAI). As per the circular, Aadhaar is also being removed from the list of documents for correction in date of birth.
A five-day-long Special Parliament Session will be held from Monday. A Parliamentary Bulletin said, that on the first day a discussion on the Parliamentary Journey of 75 years starting from Samvidhan Sabha - Achievements, Experiences, Memories, and Learnings will be held in Lok Sabha. The Government has listed Bill on the appointment of the Chief Election Commissioner, and other election commissioners in the upcoming Parliament Session. Apart from this The Advocates (Amendment) Bill, Th...
Artificial intelligence can substitute neither the human intelligence nor the humane element in the adjudicatory process, the Delhi high court has held and said ChatGPT can't be the basis of adjudication of legal or factual issues in a court of law. Justice Prathiba M Singh stated that the accuracy and reliability of AI generated data is still in the grey area and at best, such a tool can be utilised for a preliminary understanding or for preliminary research. The court's observati...
Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee. CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. Now Get 2 Email ID's with Your Own Websi...
The Delhi High Court Monday sought the Centre’s stand in a plea against a notification where chartered accountants, company secretaries and cost accountants have been included among “reporting entities” under the Prevention of Money Laundering Act (PMLA) A division bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula granted time to Additional Solicitor General Chetan Sharma, who appeared for the Centre, to “seek instructions” and listed the ma...
Comments
bikash ranjan burnwal
17-Aug-2012 , 05:17:02 pmiss country ko bhagwan hi bachayega