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Current Affairs Notes for PT 2013
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You are here: Daily Dose
CAG finds discrepancies in coal block allocation
Comptroller and Auditor-General (CAG) report has caused another roar as it comes to reveal that the government has a Rs. 1.86- lakh crore loss to the exchequer by not ensuring transparency in coal blocks allocation during 2004-09.

Even the Prime Minister has come under the scrutiny of the Comptroller and Auditor-General, as the report points to serious discrepancies during his tenure as the Minister of Coal in the period 2006-09. The PMO was also held suspect as it delayed the introduction of competitive bidding, even though the Ministry of Law and Justice had cleared the process.

The biggest beneficiaries of the flawed coal blocks allocation is considered to be Anil Ambani-owned Reliance Power Limited (RPL). The CAG held responsible the Ministries of Power and Coal for giving post-bid concessions to RPL for its 4000-MW Sasan mega power project. The CAG report states that this not only vitiated the bidding process but also conferred undue benefits of Rs. 29, 033 crore on the developer.
  UPSC Daily Dose : Current Affairs
Action plan formulated to combat illegal trade in elephant ivory
India-Japan bilateral meet on commerce
Income criterion for OBC revised
Indo-US Co-Operation in Knowledge Sector
Inflation Index Bonds (IIBs) to be launched by GOI soon
UN General Assembly approves resolution on Syria
First Made in India rotavirus vaccine unveiled
India and Netherlands sign MoU on Urban Planning
Government forms GoM to maintain CBI's autonomy
New guidelines for the Indira Awas Yojana notified
RBI planning to introduce plastic notes
Bureau of Water Use Efficiency to be established by the GOI
New concession for Indians in Saudi Arabia
Cabinet approved creation of the National Skill Development Agency (NSDA)
World Bank Assisted ISSNIP launched
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