Thursday, September 8, 2011

CAG Reports on KG Basin and Air India

The reports on KG Basin and Air India by the Comptroller and Auditor General of India (CAG) raises issues on the working of both DGH and Air India.

The issues raised in turn put heat on the UPA government which is already under public scrutiny for the way it has been responding to the common man's concerns on corruption and irregularities of the top politicians and bureaucrats.

In the KG Basin report titled Report No. - 19 of 2011-12 for the period ended March 2011 - Performance Audit of Hydrocarbon Production Sharing Contracts (Ministry of Petroleum and Natural Gas), CAG raised questions on the working of the Directorate General of Hydrocarbons and the monitoring of the provisions of the Production Sharing Contract (PSC). According to CAG there was an apparent violation of the terms of the PSC by Reliance.

In its Air India Audit report titled Report No. - 18 of 2011-12 for the period ended March 2011 - Performance Audit of Civil Aviation in India (Ministry of Civil Aviation), CAG has submitted its observations over the acquisition of aircrafts and the Merger of Air India and Indian Airlines.

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