Government to place views on coal blocks before PAC by 14th September
MDT/PTI 07 September 2012

The Public Accounts Committee of the Parliament chaired by BJP leader Murli Manohar Joshi has decided to examine the government auditor's report on coal block allocations, along with three other latest reports of the CAG

 
New Delhi: Amid furore over coal blocks allocation, the government will place its views before Parliament's Public Accounts Committee (PAC) by 14th September on the observations made by the Comptroller and Auditor General (CAG), reports PTI.
 
"The Coal Ministry will submit its comments to the PAC on CAG's observations on coal blocks allocations by September 14," a top Coal Ministry official told PTI.
 
The PAC, chaired by BJP leader Murli Manohar Joshi has decided to examine the government auditor's report on coal block allocations, along with three other latest reports of the official auditor CAG.
 
The Ministry is likely to contend before the Parliamentary panel that the estimates by the government auditor should not have been done in the manner it was made.
 
The Comptroller and Auditor General in its recent report has estimated undue benefits to the tune of Rs 1.86 lakh crore to private players on account of coal blocks allocation to them without resorting to auction.
 
With Congress and BJP locking horns over CAG report on coal inside Parliament, its ripples are likely to be felt in the meetings of the PAC when the issue is taken up for scrutiny.
 
Comments
M G WARRIER
10 years ago
This may not be PAC’s job under the present dispensation. But, as Parliament is not able to discuss issues or carry out even scheduled business, this PAC may deliberate on the systems that could be put in place, at least to assess with professional help the loss to the exchequer(read India) by adhocism in governance, on a case to case basis. Confusing, isn’t it? Let me be more clear. When CAG report on coal block allocation is examined, PAC should assess the possible gains/losses(say beyond a margin of error in assessment of +/_ 20 per cent) the organisations/individuals benefited by the allocations may make/incur in the next 5 years. PAC could also consider whether there could be any method to ‘tax’ windfall gains or compensate unexpected losses.
M G Warrier
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