The move, which is a gross violation of the Supreme Court order on 2G and auctioning spectrum, could result in potential revenue loss of up to Rs 4 lakh crore.
“We may note that huge amounts have been collected in the region of Rs 29,000 crores and not even 10% has been spent for the benefit of construction workers,” the court said.
Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.
The Supreme Court recently decided to make its proceedings public. Shouldn’t the same degree of transparency be attached to all key constitutional posts?
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development.
According to NGO Common Cause, Modi missed an opportunity to to set a high benchmark to fight systemic corruption by not putting in place an accountable system to appoint the new Comptroller and Auditor General.
One month after MHA ordered a CAG audit, Rajya Sabha MP Subhash Chandra’s son stepped down as director of a company involved in the Mizoram state lottery violations.
The companies include Bharti Airtel, Vodafone India, Idea Cellular, Reliance Communications and Aircel.
The CAG recently pulled up Union environment ministry for allowing ‘procedural deficiencies’ in granting clearances.
The case of Harish Gupta, a retired IAS officer, reveals how corrupt practices have led to the dramatic breakdown of confidence and trust in the state.
From ballooning costs to technological challenges, the GSPC has spent nearly Rs. 20,000 crore on the Deen Dayal gas fields with little to show for it.
Auctions, whether at Christie’s or Sotheby’s for works of art, or of telecommunications spectrum by the government of India, are fascinating psychological games. When the interests of large competing corporate groups are involved, not surprisingly, allegations are aired of criminal intent by manipulation of rules. Even as the […]
The constitution bars him from accepting government office but experts say legality hinges on terms of appointment and statutory status of new banking board.
With the Indian banking sector struggling with the burden of bad loans, will the government undertake radical reforms to ease the stress?
India’s midday meal scheme (MDMS) reaches more than 11 crore children across 12 lakh government schools around the country. Based on a Supreme Court order in 2001, states introduced a cooked meal in schools – replacing the earlier system of monthly “dry rations”. Despite many achievements, the scheme […]
How the CAG quantified its estimate of the “undue benefits” Airtel received by misreporting revenues.
A draft CAG report alleges the government helped India’s largest telecom company obtain “undue benefits”, which we estimate to be around Rs 14,500 crore, by miscalculating revenues and nepotism in spectrum allocation. Airtel also gained Rs 44,000 crore through questionable corporate restructuring
What crippled the program was the central government’s lackadaisical assumption that placing a tablet in a student’s hands would solve everything
Auditor pulls up Department of Telecom for causing loss of thousands of crores by favouring, failing to impose fines on private operators