Cag On Coal Mining

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.

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.

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

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

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.

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

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...

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...

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...

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.

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).

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...

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).

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."

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.

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.

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

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

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.

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

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...

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...

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...

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.

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).

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...

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).

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."