The Prime Minister Manmohan Singh today declared that he will quit public life if the charges on coal block allotments are proved correct. Rejecting Team Anna's allegations of corruption against him, Dr. Singh said that his long public career as Finance Minister, as Leader of Opposition in the Rajya Sabha and now as Prime Minister has been an open book.
He was talking to reporters on board his way back home from Myanmar. He warned that at the same time, the public should make up its mind whether this kind of politics will rule the roost in India.
This is Prime Minister's first reaction to Team Anna members Prashant and Shanti Bhushan's allegations last week accusing him of corruption for the first time when they referred to a draft CAG report on allocation blocks when he held charge of Coal ministry. He also termed as unfortunate and irresponsible the corruption allegations levelled against him and 14 of his ministerial colleagues by Team Anna.
The Prime Minister read out a brief statement to the media accompanying him on board his special aircraft before taking questions. Dr.Singh said Government has not yet received the CAG REPORT .
Showing posts with label CAG. Show all posts
Showing posts with label CAG. Show all posts
The Congress today asked the Comptroller and Auditor General (CAG) to spell out the methodology it used in the calculation of losses suffered by the exchequer in the coal blocks allocation
AG said that being a Constitutional authority, the C&AG Vinod Rai feels that it would be improper on his part to join a public debate on the issue. The statement said that the auditing body would clarify on the report at the appropriate forum when required.
The government has dismissed the Controller and Auditor General, CAG report estimating 1.86 lakh crore rupees gain to private firms in allocation of coal blocks as misplaced. Addressing a Press Conference in New Delhi today Union Coal Minister Sriprakash Jaiswal said the policy followed was transparent and not faulty.Mr Jaiswal said his ministry was not in agreement with all aspects of the CAG report, adding the assessment done by the auditor was based on only a few aspects of coal allocation. The Minister said that the assessment of loss is misplaced as only one of the 57 blocks mentioned in the report, is operational. He said most blocks could not be operationalised due to administrative hurdles.
The Minister informed that the allocation of coal blocks through competitive bidding will begin in next one to three months. He said that during the consultations with the state governments, Chhattisgargh, West Bengal and Rajasthan did not agree with the proposed changes.
CAG in its report said part of the 1.86 lakh crore rupees loss could have been partially accrued to the national exchequer had the procedure been put in place earlier.
The minister said the private parties were involved in the development of coal blocks as the state-run firm Coal
India was not able to meet the growing fuel needs of the country.
The Minister informed that the allocation of coal blocks through competitive bidding will begin in next one to three months. He said that during the consultations with the state governments, Chhattisgargh, West Bengal and Rajasthan did not agree with the proposed changes.
CAG in its report said part of the 1.86 lakh crore rupees loss could have been partially accrued to the national exchequer had the procedure been put in place earlier.
The minister said the private parties were involved in the development of coal blocks as the state-run firm Coal
India was not able to meet the growing fuel needs of the country.
Labels: CAG
The Ministry of Civil Aviation has refuted the loss figures and other allegations made in the report of the CAG on Indira Gandhi International Airport, Delhi which was tabled in Parliament today. The Ministry in its statement has said that the calculation of presumptive gain from the commercial use of land at the Delhi Airport is totally erroneous and misleading as it simply adds the nominal value of the projected revenue, without taking the net present value.
It said, the net present value of the figure quoted by CAG is 13 thousand 795 crores rupees only. CAG has further failed to appreciate that 46 per cent of this amount would be payable to Airports Authority of India - AAI as revenue share.
On the issue of lease of Airport land, Ministry has clarified that the land has not been given to DIAL on rental basis. 100 rupees is just a token amount for the purpose of the Conveyance Deed. The determining factor for grant of concession to the bidder was the Gross Revenue share quoted by the bidders. As a result, Airports Authority of India (AAI) now receives 45.99 percent share of Gross Revenues of DIAL and 26 percent of all Dividends. Benefit to AAI is likely to be more than 3 lakh crores rupees in this process during the entire Concession period. The Ministry has further said that all decisions including the entire bidding process and the approval of the Operation Management and Development Agreement, was monitored by EGoM and subsequently approved by the Union Cabinet. The bidding process has also been upheld by the Supreme Court. It said, all Aeronautical and Airport assets created by DIAL will be transferred back to AAI as per agreement at the end of the concession period.
It said, the net present value of the figure quoted by CAG is 13 thousand 795 crores rupees only. CAG has further failed to appreciate that 46 per cent of this amount would be payable to Airports Authority of India - AAI as revenue share.
On the issue of lease of Airport land, Ministry has clarified that the land has not been given to DIAL on rental basis. 100 rupees is just a token amount for the purpose of the Conveyance Deed. The determining factor for grant of concession to the bidder was the Gross Revenue share quoted by the bidders. As a result, Airports Authority of India (AAI) now receives 45.99 percent share of Gross Revenues of DIAL and 26 percent of all Dividends. Benefit to AAI is likely to be more than 3 lakh crores rupees in this process during the entire Concession period. The Ministry has further said that all decisions including the entire bidding process and the approval of the Operation Management and Development Agreement, was monitored by EGoM and subsequently approved by the Union Cabinet. The bidding process has also been upheld by the Supreme Court. It said, all Aeronautical and Airport assets created by DIAL will be transferred back to AAI as per agreement at the end of the concession period.
Labels: airport, CAG, Civil Aviation Ministry
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