The Comptroller and Auditor General’s (CAG) draft report on the allocation of coal blocks – without auction- during 2004 to 2009 is expected to be tabled in the Parliament on the last day of the Budget session on Tuesday.
According to a newspaper report, the CAG report highlights undue benefits received by private entities, at the behest of government, at more than Rs 1.8 lakh crore.
As per leaked details of the CAG draft report, the government lost Rs 10.67 lakh crore on account of allotment of 155 coal blocks to 100 private and public sector companies.
In the leaked report on allotment of coal blocks, CAG had estimated a “windfall gain” of Rs 6.31 lakh crore (PSUs – Rs 3.37 lakh crore and private parties – Rs 2.94 lakh crore) based on the prices prevailing during the year of allocation on constant cost and price basis and as on March 31, 2011.