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CAG reports loss@ Rs 1.86 lakh crore
The much-awaited CAG report on coal block allocation was tabled in the Parliament. According to the CAG, Rs 1.86 lakh crore is likely to amass to private coal block allottees due to allocation made without competitive bidding. The initial draft had estimated the losses caused to the Government to be close to Rs 10.7 lakh crore. The coal blocks were allocated between 2004 and 2009.
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CAG reports loss@ Rs 1.86 lakh crore
The much-awaited CAG report on coal block allocation was tabled in the Parliament. According to the CAG, Rs 1.86 lakh crore is likely to amass to private coal block allottees due to allocation made without competitive bidding. The initial draft had estimated the losses caused to the Government to be close to Rs 10.7 lakh crore. The coal blocks were allocated between 2004 and 2009.
Date: 16-08-12
Views: 569
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Asian News International
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