No CAG report on coal scam: PM
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No CAG report on coal scam: PM

Last Updated: Thursday, March 22, 2012, 21:28
 
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No CAG report on coal scam: PM
New Delhi: With media reports of audit raking up a coal scam, Prime Minister Manmohan Singh Thursday said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.

"The CAG has clarified there is no report. When there is no report what is there to clarify," he told reporters at Rashtrapati Bhavan.

He was asked questions on the media report on the basis of an initial auditor report which had estimated a loss of over Rs. 10 lakh crore on account of allocation coal blocks to 100 public and private sector companies without auction during 2004-09.

Singh said the CAG has written a letter and the PMO has released a part of the letter.

On the roll back of the hike in passenger fares in the Railway Budget, he said the new minister has promised that it will not have any effect on the budgetary estimates.

He has also promised to make up for the loss through advertisements and disposal of commercial utilisation of land.

Asked about apprehensions over safety over the railway system, impacted by shortage of funds, the Prime Minister said the railway minister has said safety was his prime concern.

To a question on the controversy over the latest poverty estimates, he said there was need for a multi-layered approach to issues.

The methods to assess poverty estimates were not satisfactory as it was not all inclusive.

"We are going to devise a new method," he said adding a committee has been constituted to go into it.

PTI


First Published: Thursday, March 22, 2012, 21:28


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