Cag On Coal Mining

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  Government Asks Previous Mines Allottees to Clear Stock by April 8

  The government order follows auction of 33 mines in two tranches through which it garnered a massive Rs 2 lakh crore, surpassing CAG's estimates of a loss of Rs 1.86 lakh crore to the exchequer on account of allocation without auction.

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  Government Makes Over 3-Lakh Crore From Coal and Spectrum Sale; Government Auditor's Estimates Surpassed

  The auction kitty from sale of coal mines and telecom spectrum on Monday swelled to over Rs 3 lakh crore -- exceeding all estimates including by CAG for value of such resources, which have been at the centre of two major scams in the recent years.

• Coal Ministry likely to counter CAG report tomorrow in writing

  The ministry will submit a written reply countering the calculations of CAG on the losses made by the government due to coal mine allocations.

• Jindal Steel hits lowest in 3 years on CAG worries

  Investors are wary of holding exposure to companies mentioned in the auditor's report published on August.

• Regrettable that CAG report on RPower skipped AG's view: Chidambaram

  Finance Minister P Chidambaram on Friday said the CAG report, which stated that Reliance Power unduly gained over Rs 29,000 crore by diverting surplus coal from mines assigned to its project in Madhya Pradesh, skipped the Attorney General's view on the matter.

• BJP, Left government opposed bidding of coal mines in 2005

  The Congress led United Progressive Alliance (UPA) government made a big discovery to counter attack opposition parties on the coal allocation issu

• Govt auditor's (CAG) report slams levy of development fee on passengers at Delhi airport

  The government's auditor shared with Parliament today a report that says that thousands of crores have been lost in the way in which coal mines were allocated to private players; another report finds fault with how the Delhi international airport was privatised. The government has prepped a detailed defense for both sectors; it claims the auditor's...

• CAG on coal: Competitive bidding could have been introduced in 2006

  The CAG report on coal block allocations between 2006 and 2009 has been tabled in Parliament today and the BJP has said it is ready to target the government “everyday” on the alleged irregularities the auditor has found. The allegations will relate to the report which, according to sources, says that the manner in which coal fields were assigne...

• PM must introspect and resign: BJP on auditor's coal mine report

  A Comptroller and auditor General or CAG report tabled in Parliament today states that nearly 150 coal fields were allotted to private and state-run firms without transparency and objectivity between 2005 and 2009. The BJP-led Opposition says since Prime Minister Manmohan Singh held charge of the coal ministry for part of that period, he should, in...

• Coal block auction: Crisil to submit report on reserve price

  The government has asked Crisil to submit a report within three months on the methodology to determine the reserve price for auction of 54 mines it has identified for allocation.

• No need for clarification, says Prime Minister; auditor says coal report was 'pre-final draft'

  In a season where its weaknesses have been repeatedly exposed, the government is now trouble-shooting a report that states, it cost the country 10.7 lakh crores because it did not auction coal-fields from 2004 to 2009. The draft report which was leaked is prepared by the Comptroller and Auditor General (CAG).

• CAG's coal report: 10 big facts on this big controversy

  The government, which is under fire on account of a report by its auditor for losses to the tune of 10.7 lakh crores for not auctioning coal deposits from 2004 - 2009, has managed to partly douse the flames. The Comptroller and Auditor General (CAG), which prepared the draft report, has said that the content has not been finalised and hence, is mis...

• Prime Minister's Office on CAG report on coal mining

  The government has been accused of a massive coal scam by the Opposition - both Houses of Parliament were adjourned this morning. The latest crisis for the government is based on a draft report on coal mining by the government's auditor, the Comptroller and Auditor General (CAG).

• Excerpts from coal scam report by Govt auditor (CAG)

  The government has been accused of a massive coal scam by the Opposition - both Houses of Parliament were adjourned this morning with the BJP demanding "It is a serious scam, the Prime Minister must answer."