The embassy observations are part of a confidential official cable released by whistleblower website WikiLeaks on August 30.
Terming the move for getting of a "large number" of planes as "risky", the CAG said the aircraft acquisition had "contributed predominantly" to the airline's massive debt liability of Rs 38,423 crore (Rs 384.23 billion) as on March 31 last year.
The CAG, in its much-awaited report tabled in Parliament on Thursday, did not say if the capital expenditure for KG-D6 being raised from $2.4 billion proposed in 2004 to $8.8 billion in 2006 was unjustified or inflated.
Artificial scarcity and lack of clarity on available bandwidth blamed for scam.
Describing these as non-working companies, the CAG in its latest report on the state tabled in the Maharashtra Assembly stated that since no purpose may be served by keeping these units in existence, the state government needs to expedite closing down of these non-working PSUs.
A high level committee, which went into alleged financial irregularities in Commonwealth Games, has strongly indicted suspended Prasar Bharti CEO B S Lalli and Doordarshan Director General Aruna Sharma, accusing them of "collusion" with a UK-based firm which benefited Rs 135 crore in the broadcast deal.
'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'
Under fire following Comptroller and Auditor General report indicting her and her government for irregularities in the Commonwealth Games projects, Delhi Chief Minister Shiela Dikshit on Saturday said action will be taken if any wrongdoing is found by the Public Accounts Committee looking into the issue.
With the figure of Rs 1.76 lakh crore loss in 2G spectrum allocation being disputed, Comptroller and Auditor General Vinod Rai and other officials of the government auditor will be asked to appear before the Joint Parliamentary Committee looking into the issue.
It is because of the Comptroller & Auditor General that we know all isn't well in the murky world of government purchases and the allocation of resources.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
The Bharatiya Janata Party on Tuesday cornered the government for 'defending' Chief Vigilance Commissioner P J Thomas in the Supreme Court, asking Prime Minister Manmohan Singh and Congress President Sonia Gandhi as to what was the 'compulsion' to defend the 'tainted' official and attack the upright comptroller and auditor general.
Sekhar, a managing partner at venture capital and private equity firm FA Technology Ventures, was arrested in December 2009.
The move is significant as it would extend the power of CAG -- set up to audit central and state government departments as well as PSUs -- to private sector companies.
The civil aviation ministry initiated and then made a mess of the merger of the erstwhile Indian Airlines with Air India, according to a Comptroller and Auditor General report.
Government auditor Comptroller and Auditor General has started a comprehensive audit into the role of armed forces, Coast Guard and Colaba administration in land allotment to the scam-tainted Adarsh Housing Society.
Parliament's Public Accounts Committee chairperson M M Joshi on Thursday indicated that overlapping of functions of the panel and the Joint Parliamentary Committee into 2G spectrum scam was not a matter of concern and his powers went beyond the Comptroller and Auditor General report.
The Institute of Company Secretaries of India (ICSI) has pulled up the company secretaries of two telecom companies whose names have been mentioned in the Comptroller and Auditor General's (CAG's) report on the controversial allotment of airwaves. The two officials named in the report are Hari Nair, representing Swan Telecom, and Vidyadhar Chakradeo, the company secretary of Loop Telecom.
The Committee of Administrators (COA) held a fruitful first meeting with coach Anil Kumble and rest of the Indian cricket team's support staff on the sidelines of the Board of Control for Cricket in India's Awards in Bengaluru.
The documents include the Cabinet note on the policy prepared by DoT and papers related to the decision to clear the policy by the then Congress Cabinet.
Something can be done, provided we are willing to tackle the problem at its source rather than deal only with outrageous cases of corruption that are brought to the surface by the media, says Bimal Jalan.
Central Bureau of Investigation Director AP Singh will appear before the Joint Parliamentary Committee probing the 2G scam on Tuesday. This follows the appearance of Comptroller and Auditor General Vinod Rai before the committee last week.
According to reports, CAG has sought details from the department of telecommunication on the total available spectrum in the country and how much has been allocated to private telecom operators from 2000 onward and at what value.
Comptroller and Auditor General Vinod Rai on Monday appeared before the Joint Parliamentary Committee, which is probing the 2G spectrum scam, to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore. Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.
We are going to deliver 36 aircraft. If the government of India wants more aircraft, we will be pleased to deliver, he said.
Carved out of southern Bihar as a new state on November 15, 2000, Jharkhand has been plagued by adverse conditions -- low average income, high incidence of poverty and little social development because of political instability -- there have been seven government changes.
The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village in New Delhi from October 28 to probe allegations of financial irregularities.
Sources say that the constitution of the high-level committee headed by former Comptroller and Auditor General VK Shungloo to look into the organising and conduct of the Games, is just phase one of the clean-up ops.
The report noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments.
The Supreme Court on Friday severely criticised Telecom Minister Kapil Sibal for making statements undermining the Comptroller and Auditor General of India's report on the 2G spectrum scam and asked him to behave with some sense of responsibility.
Reliance Industries may ask the government for a refund of its investment if it is forced to give up any part of the prolific KG-D6 block as it has spent a huge sum of money on exploration after obtaining necessary permission to retain the entire 7,645-sq km area.
In an interview with Karan Thapar on the CNN-IBN channel's Devil's Advocate programme, Planning Commission Deputy Chairman Montek Singh Ahluwalia explains why he faults the controversial report of the Comptroller and Auditor General on 2G telecom spectrum allocation. Edited excerpts:
Senior Bharatiya Janata Party leader and Parliament's Public Accounts Committee Chairman Murli Manohar Joshi hit out at Telecom Minister Kapil Sibal for questioning the Comptroller and Auditor General report on the 2G Spectrum scam. He said that Sibal's comments showed both the PAC and the CAG in poor light and said that the telecom minister's conduct was unbecoming.
Whether Sibal has effectively defended Raja or not as a counsel is unclear, but his target seems to be the prime minister, feels M R Venkatesh.
Contrary to reports, the defence ministry has not opened any other deal for investigation besides the AgustaWestland chopper contract, defence sources said on Friday.
There is nothing sinister or diabolic about Union minister Kapil Sibal's latest argument regarding the findings of the Comptroller and Auditor General (CAG) of India pertaining to the loss to the exchequer from 2G telecom licences in 2007.
Comptroller and Auditor General Vinod Rai has asked Public Accounts Committee Chairman Murli Manohar Joshi for permission to react to Telecom Minister Kapil Sibal\\'s open attack on him over the 2G report, according to sources.
The government has decided to issue biometric PAN (Permanent Account Number) cards to taxpayers across the country to weed out the problem of duplicate and fake ones.
He may be cooling his heels in Delhi's Tihar Jail for his alleged involvement in the 2G scam, but the developmental work and the projects he executed in this reserved constituency are the main plank of the ruling Dravida Munnetra Kazhagam, which is facing a tough competition from arch-rival All India Anna Dravida Munnetra Kazhagam.
With Joint Parliamentary Committee chairman P C Chacko stating that the Parliament Accounts Committee should confine itself to the Comptroller and Auditor General report on 2G spectrum allocation, PAC chief Murli Manohar Joshi on Wednesday refused to join issue with him. He said Chacko should give his suggestions in writing.
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