This ad will auto close in 10 seconds

CAG report on coal mining: RS, LS adjourned

Last Updated: Thursday, March 22, 2012 - 11:21

Zeenews Bureau

New Delhi: As soon as the Parliament commenced Thursday morning at 11.00 am, both Houses of Parliament witnessed high voltage drama over Comptroller & Auditor General (CAG) report on auctioning of cola blocks, following which both Rajya Sabha and Lok Sabha were adjourned.

Both Lok Sabha and Rajya Sabha were adjourned till noon
The CAG in its draft report on coal mining in the country has accused the government of having given “undue benefits" to a number of companies leading to a loss of Rs 10.67 lakh crore to the national exchequer.

The CAG report says that the government incurred the loss as coal blocks were not auctioned between 2004 and 2009, a news paper reported on Thursday.

The CAG draft report titled `Performance Audit of Coal Block Allocations` said that the beneficiaries include some 100 private companies, as well as some Public Sector Units (power, steel and cement).

Of the estimated loss of Rs 10.67 lakh crore, private firms cornered more than Rs 4.79 lakh crore while around Rs 5.88 lakh crore went to the PSUs, the paper said.

First Published: Thursday, March 22, 2012 - 11:09

More from zeenews

comments powered by Disqus