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| Articles by chintan shah |
361. Oil Ministry refutes CAG allegation on offering financial benefits to private operators
July 14, 2011
In a steaming issue between oil ministry and Comptroller and Audit General (CAG) body, the ministry has taken a stand and claimed that it as abided by all provisional mandates in dealing with private operators, and that its suggestion of revision of development plans is in the best interest of th...
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362. Reliance Industries invalidates CAG allegation on KG D6 gas field
July 13, 2011
Mukesh Ambani led Reliance Industries Limited (RIL), after being hectored by Comptroller and Audit General (CAG) body over gold plating of capital expenditure of RIL’s prolific Krishna - Godavari (KG D6) gas basin, has refuted all such allegation mentioned in CAG audit report. In its rep...
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363. RIL, DGH meet CAG officials over KG-D6 basin matter
July 13, 2011
Representatives from the Reliance Industries Limited (RIL), led by its executive director PMS Prasad, along with Directorate General of Hydrocarbons (DGH) and oil ministry officials, met with the Comptroller and Audit General (CAG) body in the exit conference held on Tuesday. This conference was ...
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364. CPIL's reliance on CAG reports draws red arrow at Sibal, Anil Ambani after taking down Maran
July 08, 2011
Referring to the audit reports drafted by Comptroller and Auditor General (CAG) and Inquiry Commission Justice Shivraj V Patil that recently brought to the fore the role played by DMK MP Dayanidhi Maran, who resigned from UPA’s cabinet as Textile Minister, in the 2G scam, the Centre of Public Int...
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365. NIT's reliance on false assessment lands its complex under CAG scanner
July 08, 2011
The Comptroller and Audit General (CAG), in yet another unraveling of decrement of public money, has hauled out the erroneous spending incurred by Nagpur Improvement Trust (NIT), which allegedly spent Rs. 1.6 crore on an erecting an IT complex that has stood non-functional for almost a decade.
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366. RIL-BP deal to get a nod of approval from Cabinet
July 07, 2011
Despite speculations of a deemed approval already in place, the oil ministry, on Wednesday, said that it has recommended the $ 7.2 billion (Rs. 32,400 crore) RIL-BP deal to the Cabinet Committee on Economic Affairs (CCEA) for a concrete sanction from the body. The petroleum ministry has supported...
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367. DGH tells CAG : Relinquishing RIL's Acreage not in National Interest
July 07, 2011
The Directorate General of Hydrocarbons (DGH), in reply to the Comptroller and Auditor General’s (CAG) first ever audit draft report on review of production sharing contracts in India, has asserted that relinquishing Reliance Industries Limited’s (RIL) gas field assets is not a likely solution fo...
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368. Oil ministry steps up in support of RIL's KG D6
July 06, 2011
The latest audit report drafted by the Comptroller and Audit General (CAG) has red marked that Central exchequer has accounted profound losses due to unfathomable ‘favors’ the oil ministry had lent to private partner Reliance Industries Limited (RIL) in developing its much acclaimed gas field fro...
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369. CAG: Undue reliance on age-old computer systems at RCC, can ‘compromise' its integrity
July 06, 2011
The Comptroller and Audit General of India(CAG) has unearthed many flaws in the computer based systems at work at the Regional Cancer Centre (RCC) facility, noting that this faulty negligence could cause the institute its integrity.
The CAG, in its audit report, has highlighted t...
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370. Reliance Industries: The unsung energy enterprise
July 05, 2011
Mukesh Ambani led Reliance Industries Limited (RIL) has been the subject of many contemptuous remarks that are pointed at oil and petroleum sector. Following the reshuffle of the cabinet, RIL's production and cost numbers of its many a famed gas projects, reported oil finds and its call for suppo...
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Author: chintan shah
