Highlights of CAG's report on coal block allocations
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New Delhi, Aug 17 (IANS) The following are the highlights of The Comptroller and Auditor General of India (CAG) report on coal block allocations which was tabled in parliament Friday:
-- Indian exchequer lost Rs.1.85 lakh crore ($37 billion) in arbitrary allotment of coal blocks
-- 194 net coal blocks, with aggregate of 44,440 million tonnes coal, were allocated to different government and private parties up to March 31, 2011
-- CAG has named 25 major companies as beneficiaries such as Essar Power, Jindal Steel and Power, Hindalco and Tata Power
-- CAG has recommended competitive bidding process for coal block allocation to bring about transparency in the process
-- Auditor has also suggested the setting up of an empowered group on the lines of the foreign investment promotion board for coal allocation
Read More: Sharad Power | Rajghat Power House | Power House | Jindal Nagar | Shaktinagar Thermal Power Stat | Parichha Thermal Power Project | Thermal Power Station | Dhuvaran Power Station | Utran Power House | Ballarpur Power House Bo | Bellary Termal Power Station | Hampi Power House | Tt. Thermal Power Plant | Salem Steel Plant | Kadamparai Power House | Avilanchi Power House | Durgapur Thermal Power Station | Mejia Th Power Station | Namrup Thermal Power Station | R.block
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