CAG report tables in Parliament, PMO under fire

Much controversial CAG report finally tabled in Parliament today, accusing the government for Rs 1.86 lakh crore losses by delaying the coal blocks allocation bid, leading favoritism for huge benefits to private companies mainly Tata, Birla and Jindal.

The final draft of the Comptroller and Auditor General of India report also said that privatization of Delhi international airport, was a bundle of faults. There is no system for evaluation the last limit usage of coals in the Coal India Ltd. around 57 companies has benefited by this scam.

“…Part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,” CAG report said.

Source said, over the Delhi airport privatization, the CAG report criticized the then Civil Aviation minister, Praful Patel, being responsible for 1.63 lakh crores loss led to commercial exploitation on getting lease of land for airport at high rates by DIAL via public-private partnership between GMR. It also accused government to allow the Delhi airport consortium to charge passengers a development fee, leading to a direct Rs 3,400 crore undue benefit to GMR private group.

The loss which is much bigger than the 2G scam is because of exchequer, that is only basis of private players, reports said, still the loss caused by PSUs are remain to be audited.

Meanwhile, Prime Minister Manmohan Singh is also bring under the opposition, having involvement in scam as around 44 billion tonnes of coal had allotted at throwaway prices along with 194 coal blocks on recommendation during Mr. Singh’s Coal Ministry portfolio, between 2004 and 2009

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