Editor's Desk

RTI Activists and The StatesMan newspaper have unearthed the massive Thorium Mining Scam which according to the 137 Year Old newspaper is of Rs 48 Lakh Crore. Anyway, we’ll leave it to the office of the Comptroller and Auditor General to assess.

Highlights of the Thorium Mining Scam in India,

Public sector Indian Rare Earths Limited having divisions at Chatrapur in Orissa, Manavalakurichi in Tamil Nadu, Chavara and Aluva, and its own research centre in Kollam in Kerala, is the only institution authorised to extract thorium from monazite sands. If the Comptroller and Auditor-General were to audit the accounts of the IREL and the Department of Atomic Energy, custodians of fissile minerals, the coalgate scam would look like small change. The missing thorium, conservatively estimated at $100 a tonne, works out to about Rs 48 lakh crore, putting all other UPA scams in the shade.

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