[Marxism] India: Auditor report details undue benefits to private sector

Rajesh Roy rajeshcherian at yahoo.co.in
Fri Aug 17 09:32:26 MDT 2012


Undue benefits of Rs 3.8 lakh crore to private parties under UPA government: CAG 


NEW DELHI: Already under attack over various scams, government on Friday faced a fusillade from the comptroller and auditor general (CAG), which has estimated "undue benefits" of over Rs 3.8 lakh crore to private parties in coal blocks allotment without bidding, Delhi airport development and diversion of coal to a power project. 

The CAG attack came when three of its reports on coal allocation, development of Delhi airport by GMR-led DIAL and ultra mega power project of Reliance Power Ltd were tabled in Parliament on Friday. The CAG, however, brought down the estimated loss in the allocation of 142 coal blocks since July 2004 from Rs 10.7 lakh crore in the draft report to over Rs 1.85 lakh crore being the benefit to private allottees. 

http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/metals-mining/undue-benefits-of-rs-3-8-lakh-crore-to-private-parties-under-upa-government-cag/articleshow/15534459.cms 



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