PaRCha - JNU - AISA material - 2013 ID-35305
.
CAG finds irregularities of Rs26,672 cr in.
.
Narendra Modi govt.
.
Saturday, Mar 31, 2012, 16:07 IST | Place: Gandhinagar | Agency: DNA.
DNA Correspondent.
www.dnaindia.com/india/1669770/report-irregularities-of-r....
narendra-modi-govt-cag.
.
The state government and various Gujarat-owned PSUs have come under fire from the CAG.
for 'rampant corruption and irregularities'/.
.
The state government and various Gujarat-owned PSUs have come under fire from the.
Comptroller and Auditor General (CAG) for 'rampant corruption and irregularities'. In its.
reports that were tabled in the state assembly on Friday (the last day of the current session),.
the CAG has estimated bungling of more than Rs16,000 crore in 2010-11. It had also.
pointed out irregularities of Rs26,672 crore in the Modi government in the last nine.
years..
.
The watchdog also severely indicted the state-owned Gujarat State Petroleum Corporation.
(GSPC) for favouring industrial houses..
.
"Against estimated exploration cost of $109.70 million (Rs500 crore), the actual drilling cost.
incurred was $1.40 billion (Rs6,265 crore), i.e. 12.8 times higher than original estimate. This.
was due to submission of bids for KG block without proper assessment of technical and.
financial issues," CAG said. CAG said that GSPC had purchased gas on spot prices but sold.
it at lower prices, resulting in extension of undue benefit of Rs70.54 crore to Adani.
Energy. Cag found GSPC subsidiary, Gujarat State Petronet Limited, to have passed on.
undue benefit of Rs12.02 crore to Essar Steel by way of waiver of capacity charges contrary.
to provisions of gas transmission agreement..
.
"The CAG has exposed corruption of a staggering Rs16,706 crore by Narendra Modi.
government. There is bungling of crores of rupees in award of contracts," alleged leader of.
opposition, Shaktisinh Gohil..
.
CAG was also critical of the functioning of a host of other PSUs such as Dahej SEZ Limited,.
Gujarat State Electricity Corporation Limited, Gujarat Urja Vikas Nigam Limited, and Sardar.
Sarovar Narmada Nigam Limited, among others, stating they had incurred avoidable.
expenditure..
.
It highlighted various irregularities in the functioning of government departments, and cited.
several instances of non-utilisation of Central grants for various projects. It also spoke about.
the long delays in the execution of several projects, and wasteful expenditure incurred on.
them. Apart from financial losses, the CAG also pointed out some of the social,.
environmental and ecological losses, which are immeasurable in terms of money but cost.
heavily to the state..
..
PaRCha - JNU - AISA material - 2013 ID-35305
.
CAG finds irregularities of Rs26,672 cr in.
.
Narendra Modi govt.
.
Saturday, Mar 31, 2012, 16:07 IST | Place: Gandhinagar | Agency: DNA.
DNA Correspondent.
www.dnaindia.com/india/1669770/report-irregularities-of-r....
narendra-modi-govt-cag.
.
The state government and various Gujarat-owned PSUs have come under fire from the CAG.
for 'rampant corruption and irregularities'/.
.
The state government and various Gujarat-owned PSUs have come under fire from the.
Comptroller and Auditor General (CAG) for 'rampant corruption and irregularities'. In its.
reports that were tabled in the state assembly on Friday (the last day of the current session),.
the CAG has estimated bungling of more than Rs16,000 crore in 2010-11. It had also.
pointed out irregularities of Rs26,672 crore in the Modi government in the last nine.
years..
.
The watchdog also severely indicted the state-owned Gujarat State Petroleum Corporation.
(GSPC) for favouring industrial houses..
.
"Against estimated exploration cost of $109.70 million (Rs500 crore), the actual drilling cost.
incurred was $1.40 billion (Rs6,265 crore), i.e. 12.8 times higher than original estimate. This.
was due to submission of bids for KG block without proper assessment of technical and.
financial issues," CAG said. CAG said that GSPC had purchased gas on spot prices but sold.
it at lower prices, resulting in extension of undue benefit of Rs70.54 crore to Adani.
Energy. Cag found GSPC subsidiary, Gujarat State Petronet Limited, to have passed on.
undue benefit of Rs12.02 crore to Essar Steel by way of waiver of capacity charges contrary.
to provisions of gas transmission agreement..
.
"The CAG has exposed corruption of a staggering Rs16,706 crore by Narendra Modi.
government. There is bungling of crores of rupees in award of contracts," alleged leader of.
opposition, Shaktisinh Gohil..
.
CAG was also critical of the functioning of a host of other PSUs such as Dahej SEZ Limited,.
Gujarat State Electricity Corporation Limited, Gujarat Urja Vikas Nigam Limited, and Sardar.
Sarovar Narmada Nigam Limited, among others, stating they had incurred avoidable.
expenditure..
.
It highlighted various irregularities in the functioning of government departments, and cited.
several instances of non-utilisation of Central grants for various projects. It also spoke about.
the long delays in the execution of several projects, and wasteful expenditure incurred on.
them. Apart from financial losses, the CAG also pointed out some of the social,.
environmental and ecological losses, which are immeasurable in terms of money but cost.
heavily to the state..
..