Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured

CAG slams Modi govt for irregularities

Mar 31, 2012 | Pratirodh Bureau

The Comptroller and Auditor General (CAG) has slammed the Narendra Modi government for favouring and providing undue benefits to Reliance Industries Ltd and Adani Enery which resluted in loss of over Rs5000 crore.

 
The CAG report, which was tabled in the state legislative assembly on Friday, pointed out that Gujarat govt owned Gujarat State Petroleum Corporation (GSPC) bought natural gases from open market and sold it to Adanis at a price lower than the market prices, whic benefitted the private company with tune of Rs70.54 crore.
 
The firm passed on undue benefit of Rs 12.02 crore to Essar Steel Ltd by way of waiver of capacity charges contrary to the provision of gas transmission agreement.
 
CAG was severely critical of GSPC\\\’s operations in the Krishna Godavari basin gas block where improper assessment of technical and financial issues led to drilling cost shooting up to USD 1.302 billion as against estimate of USD 102.23 million.
 
"The bidding process adopted by the company for acquisition of hydrocarbon block was found to be defective as in case of KG block. The bids of the company ignored the actual cost involved which exposed the company against high risk in exploration activities," CAG report stated.
 
The main reasons for the incorrect estimation, CAG said, was adoption of deficient geological model prepared by its joint venture partner, Geo Global Resources of Canada, which led to escalation in the cost of exploration phase from Rs 531.94 crore to Rs 6,265.68 crore.
 
The assembly had been witnessing high drama over state government tabling the report on the last day of the session to avoid uncomfortable questions.
 
The opposition Congress came down heavily on Narendra Modi and Bharatiya Janata Party after the CAG report was tabled, while no official statement has come so far from the BJP on this matter.

Continue Reading

Previous Protest against sex determination tests
Next Police, CRPF atrocities in Jharkhand

More Stories

  • Featured

Af Women TV Presenters Vow To Fight Order To Cover Faces

3 hours ago Pratirodh Bureau
  • Featured

CAA Protests Against Unjust Law, Not Against Sovereign: Umar Khalid

3 hours ago Pratirodh Bureau
  • Featured

Assam: Opposition Decries Bulldozer ‘Revenge’

19 hours ago Pratirodh Bureau

Recent Posts

  • Af Women TV Presenters Vow To Fight Order To Cover Faces
  • CAA Protests Against Unjust Law, Not Against Sovereign: Umar Khalid
  • Assam: Opposition Decries Bulldozer ‘Revenge’
  • Ukraine: Russian Soldier Jailed For Life In First War Crimes Trial
  • Time To Tax The Rich: Oxfam At Davos
  • ‘Farmers Can Change Govt, If They Want’
  • War Through The Eyes Of Ukrainian Kids
  • ‘Ample Suspicion’ Yet Court Acquits Two Cops Of Tribal Girl’s Rape, Murder
  • Hindu College Prof Held For Post On ‘Shivling’ At Gyanvapi Mosque
  • North India Caught In Vicious Cycle Of Forest Fires, Heatwaves
  • ‘Pavlovian Response’: India Rejects Remarks By Bilawal Zardari At UN
  • Pegasus Row: SC Grants More Time To Panel To Submit Report
  • Climate Change: Extreme Heat Waves In India 100 Times More Likely
  • The Dark Side Of Social Media Influencing
  • Yasin Malik Convicted In Terror Funding Case
  • Calling Out Racism, In All Its Forms And Garbs
  • Zelenskyy Opens Cannes Film Festival, Links War And Cinema
  • The Rocky Road To Social Media Independence
  • Pollution: Over 23.5 Lakh Premature Deaths In India In 2019
  • Rajiv Gandhi Assassination: SC Orders Release Of Convict

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

Af Women TV Presenters Vow To Fight Order To Cover Faces

3 hours ago Pratirodh Bureau
  • Featured

CAA Protests Against Unjust Law, Not Against Sovereign: Umar Khalid

3 hours ago Pratirodh Bureau
  • Featured

Assam: Opposition Decries Bulldozer ‘Revenge’

19 hours ago Pratirodh Bureau
  • Featured

Ukraine: Russian Soldier Jailed For Life In First War Crimes Trial

20 hours ago Pratirodh Bureau
  • Featured

Time To Tax The Rich: Oxfam At Davos

1 day ago Pratirodh Bureau

Recent Posts

  • Af Women TV Presenters Vow To Fight Order To Cover Faces
  • CAA Protests Against Unjust Law, Not Against Sovereign: Umar Khalid
  • Assam: Opposition Decries Bulldozer ‘Revenge’
  • Ukraine: Russian Soldier Jailed For Life In First War Crimes Trial
  • Time To Tax The Rich: Oxfam At Davos
Copyright © All rights reserved. | CoverNews by AF themes.