Month: August 2012

The UPA 2 headed by weakest Prime Minister of India, Dr. Manmohan Singh has found his government in Paralysis yet again with the exposing of Largest Ever Natural Resources Loot in the World – The Great Indian Coal Allocation Scam. Out channel checks suggest that their are some extremely key bills pending in the Parliament and now that it has come to standstill, Reforms are unlikely to happen as expected when P. Chidambaram took charge of Finance Ministry.

Which are the Key Economic Reforms Bill Pending before Parliament

The Land Acquisition, Rehabilitation and Resettlement Bill, 2011 – Compensation for owners of acquired land

Just minutes ago, the office of the CAG has made yet another report Public exposing the Misappropriations and Favors by the Ministry of Power while Auditing Ultra Mega Power Projects of India. Reliance Power of Anil Ambani is the major beneficiary apart from several other lapses in procedures challenged in the Supreme Court of India by various parties.

The Report Concluded as follows,

The Congress Government has produced some of the greatest scams of India. The CAG audit Report on Indira Gandhi International Airport in New Delhi exposes the Politician [Ruling Party Congress] and Developer [GMR Infrastructure] nexus causing a huge loss to the National Exchequer to the tune of Rs 1,63,557 crore over 58 years.

The CAG Report Concludes as follows,

It was noted that the concept of upfront fee was used to lease out an additional land of 190.19 acres for a paltry

The office of the Controller and Auditor General in a report released just a while ago has substantially reduced the amount of LOSS Caused to the Central Government Exchequer due to Coal Block Allocation to private parties and vested interests without following a proper methodology for allocation. The Coal Block Scam under Dr. Manmohan Singh and Sonia Gandhi led Congress Government is of Rs 1.86 Lakh Crore, larger than 2G Spectrum Scam.

Full Text of the Coal Block Scam is Available Here for Ready Reference,