Sunday, September 09, 2012

A catalogue of criminal waste.

The Comptroller and Accountant General, CAG has presented a list of Public Sector Companies which have wasted public money. The National Highways Authority of India wasted Rs 8.74 billion because of delays in completing highways linking major ports. TOI, 6 September. Air India wasted Rs 143 million on several counts which included not surrendering leased premises at Heathrow Airport which were lying unused for 9 years. In a 14 page letter written on 28 May 2006 to the then Cabinet Secretary, the former chief of Indian Airlines says," During the last one year, almost all board meetings of Air India, and even some board meetings of Airports Authority of India have become a farce." The letter alleges that new aircraft were ordered in a hurry and configuration of seats on aircraft were changed to suit a particular manufacturer. The Central Vigilance Commission is studying the letter to decide whether to recommend criminal investigation by the CBI. With respect to the development of Delhi Airport CAG has pointed out that the company, DIAL was allowed to levy a Development Fee on passengers in violation of its contract, thus making undue profits of Rs 34.15 billion. The same person was Minister of Civil Aviation when these events occurred. Hindustan Aeronautics Ltd made excess payments of Rs 430 million to its management in 2009-10 by adopting an " illogical " method of calculating its profits. Bharat Electronics Ltd failed to execute a project for billing and customer management for MTNL for 5 years which led to blocking of Rs 1.44 billion for over 4 years. Between 2006 and 2009 the government gave away blocks for mining coal to people with no experience in mining, such as gutka makers and media consultants, some of whom then sold their licenses making windfall profits. This is what occurred in granting telecom licenses under A Raja. Of 86 blocks supposed to produce coal by 2010-11 only 28, including 15 in the private sector, started production by March 2011. The Congress has defended itself by saying that state governments governed by opposition parties were against auctioning coal blocks. Meanwhile, we are having to import coal at high cost which has seen soaring electricity bills. In a written reply to the Rajya Sabha, Minister of State ( Independent Charge ) for Statistics and Programme Implementation, Srikant Kumar Jena said," As per .... the report for the month of May 2012, the cost overrun was Rs 524.45 billion for the combined delayed projects of power (28), railways (36), and road transport and highways (84) sectors." However, in Gujarat there has been no cost overrun due to delay in projects worth Rs 263.69 billion. Yet leaders of BJP do not want Narendra Modi to be candidate for Prime Minister just as they removed Gen Khanduri from the Chief Minister's post in Uttarakhand because he was too honest. Proves that all politicians are united in looting the country. We can only cry.

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