Essar House, Essar Group Headquarters, Mumbai, India (Photo credit: Wikipedia)
English: Wordmark of Tata Steel (Photo credit: Wikipedia)
I have blogged quite extensively on 2G Scam,Antrix-Devas,ISRO scams quoting and extensively from the CAG site
Now,the site seems to be unavailable.
The page cannot be found
The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.’
If some one can tell me why and inform me how to get to the site I will be grateful.
The Coal allocation has followed the set pattern of ‘no competitive bidding, preference to one Company(Reliance),Diversion of Coal to a power project and undue benefit of Rs. 3.06 lakh crores to private parties.
The beneficiaries of coal block allocation included Essar Group, Jindal, Adani, ArcelorMittal and Tata Steel.
The Prime Minister, who held the coal portfolio for a considerable time during the period .
The Prime Minister is allowed an escape route in that the ‘screening committee was’ was held responsible by the CAG.
‘blame fell on the Screening Committee consisting of officials for the allocation “which lacked transparency, objectivity and competition”.
Not following the Rules to float tenders was started by 2 G Scam(or was it earlier?)
In the earlier cases like 2G,ISRO, Antrix-Devas, the PM was not in the picture as the Minister in charge.Now there is improvement.he was the Minister of the Department.
Note that some of the Companies reported to have been benefited are the same as those enjoyed the benefits in the 2G-
Reliance, Essar Group, and Tata Steels.
Tata Steels is a part of the Tata Empire which was involved through another subsidiary of its Group in 2G.
Was the GOM informed of these decisions?
Where was the Finance Ministry?
Were there ‘paperless discussions’ in this as well?
Wherever there is corruption on a massive scale the DMK can not be far behind.
Was it on this?
Does Nira Radia have any information on this as she was lobbying for Tatas and Reliance?
CAG says DIAL to get undue benefit of Rs 3,415.25 cr from levy of development fee on passengers at Delhi Airport.
Undue benefits of Rs 3.06 lakh cr to private parties: CAG
Already under attack over various scams, government today faced a fusillade from the CAG which has estimated “undue benefits” of over Rs 3.06 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 today.
The Comptroller and Auditor General (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.
The CAG has estimated a potential earning capacity of Rs 1,63,557 crore to DIAL when it was given Delhi airport land on a concessional lease.
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
The CAG has not only recommended immediate coal block auction but also an FIPB like single window for clearances among other things.
Here is a look at the key conclusions that the report highlights and the subsequent recommendations given:
> CIL could not match with the rate of increase in coal production envisaged by the Planning Commission as there were delays in execution of various capacity addition projects due to lack of coordinated and planned approach by various government agencies involved in statutory clearances and land acquisition.
> Till 1993, there were no specific criteria for allocation of coal blocks. The process of bringing in transparency and objectivity in the allocation process of coal blocks, which commenced from 28 June 2004, got delayed at various stages and the same is yet to materialise (February 2012) even after a lapse of seven years.
> The financial impact of the benefit to the private allottees has been estimated at Rs 1.85,591.34 crore as on 31 March 2011. The Government could have tapped a part of this financial benefit by expediting decision on competitive bidding for allocation of coal blocks.
> Out of 28 producing blocks as on 30 June 2011, in case of ten blocks, there was time overrun ranging from one to ten years from the normative production schedules.