Coal block allocation: CAG reports loss

August 17, 2012

New Delhi, Aug 17 (ANI): The much awaited CAG report on coal block allocation was tabled in the Parliament today. According to 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. CAG in its final report has said that the bidding process was vitiated by allowing Reliance Power to use excess coal from three blocks allocated to Sasan project. Meanwhile, BJP Spokesperson, Rajiv Pratap Rudy slammed the Congress-led central government demanding an answer on the scam.

No re-publishing or re-printing permitted.

RECENT SNOOP NEWS

South Asian News(14:47)

(May 16, 2013) South Asia News Line - covers the day's news and events in India, Pakistan and the other nations of South Asia.
Stock Pulse: May 16, 2013(1:51)

(May 16, 2013) NSE closes 23.15 points up on May 16
Congress, BJP exchange criticism as CBI books Kata(1:47)

(May 16, 2013) Congress, BJP exchange criticism as CBI books Kataria
No arrests for web posts without officers permissi(0:48)

(May 16, 2013) No arrests for web posts without top police officers permission: SC
Sanjay Dutt surrenders in Tada Court (0:48)

(May 16, 2013) Sanjay Dutt surrenders in Tada Court
Premiere of Mira’s The Reluctant Fundamentalist(1:30)

(May 16, 2013) Star-studded Premiere of Mira Nair’s ‘The Reluctant Fundamentalist’
Music of Ramaiya Vastavaiya launched in Mumbai (1:21)

(May 16, 2013) Music of Ramaiya Vastavaiya launched in Mumbai
Arjun and Prithviraj promotes Aurangzeb in Gurgaon(1:51)

(May 16, 2013) Arjun and Prithviraj promotes Aurangzeb in Gurgaon