CAG pegs notional loss from violations relating to coal block allocation, UMPPs, privatization of airport at Rs.3.03 trillion
The country’s top auditor has put corruption squarely back on the national agenda, potentially compounding the political problems facing the Congress-led United Progressive Alliance (UPA) government.
In three separate reports, quantifying the notional loss to the exchequer at Rs.3.03 trillion, the Comptroller and Auditor General of India (CAG) has, for the first time, directly cast aspersions on the role of the Prime Minister’s Office (PMO) for its failure to check what it claims to be violations in awarding coal mining contracts, besides which it has found serious alleged infractions in the implementation of the UPA’s two boldest reform initiatives—privatization of airports and the setting up of large-sized power generation capacities on a fast-track basis. Read more
Source : www.livemint.com