CAG
The state’s nodal land acquisition agency Odisha Industrial Infrastructure Development Corporation (IDCO) has hit back at the Comptroller & Auditor General of India (CAG). This was pertaining to its report on irregular land allotment to the industries and IDCO was not happy with the results which it had published. The CAG had found IDCO guilty for irregularly conferring mortgage rights in [...] Continue Reading »
The Comptroller and Auditor General of India have rapped the Ministry of External Affairs for inefficient management of its properties across the world that has cost the exchequer several crores. Criticising the ‘Global Estate Management’ by the MEA, the CAG, in its latest report, the Auditor general said, that the properties that were purchased or [...] Continue Reading »
The Comptroller & Auditor General of India (CAG) has raised questions about the legal sanctity of land documents on the basis of which corporate houses setting up steel, aluminium, cement and power projects in Odisha have drawn bank loans to the tune of approximately Rs 52,424 crore. The CAG’s questions with regard to the legality [...] Continue Reading »
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
The National Highways Authority of India (NHAI) is looking at ways to ensure against unduly aggressive bids with a large number of developers abandoning flagship projects — the GMR Group walked out of the Kishangarh-Ahmedabad project in FY13. While the GMR Group had bid a first-year premium of Rs 636 crore for this project, the [...] Continue Reading »
The Delhi High Court will next week hear a PIL seeking a CBI probe into licences granted to several real estate developers in Haryana. The list of real estate developers include one allegedly associated with Congress chief Sonia Gandhi’s son-in-law Robert Vadra. Chief Justice G. Rohini and Justice Pradeep Nandrajog will hear the PIL. Advocate [...] Continue Reading »
A notice has been issued to the Centre seeking its answer on a PIL seeking CBI probe into alleged encroachment and exploitation of defence land across the country, by the Supreme Court on Monday. A committee headed by Chief Justice P Sathasivam decided to hear the petition as per which mismanagement of defence lands leading [...] Continue Reading »
In Jammu and Kashmir, the Comptroller and Auditor General (CAG) has estimated Rs 25,000-crore land transfer scam under the much-hyped Roshni scheme, which is the biggest ever such controversy in state. The scheme, under the Jammu Kashmir State Lands (Vesting of Ownership to the Occupants) Act, 2001, was introduced to collect nearly Rs 25,448 crore [...] Continue Reading »
Odisha Government gives permission to Odisha Industrial Infrastructure Corporation (Idco) to approve the creation of mortgage to the industries. The state government has come out with a notification saying that Odisha Industrial Infrastructure Corporation (Idco) can give permission to industries for creation of mortgage. It comes as a relief to industries which were finding it [...] Continue Reading »
The Non-government organization Yamuna Jiye Abhiyan has pointed out the deficiencies in the construction quality in the luxurious housing flats of the Commonwealth Games Village. Abhiyan appealed the investors and prospective house buyers to consider the reports that highlight flaws in the construction of the “most desirable place” to live in the Capital. The Shunglu [...] Continue Reading »
