Archive

Archive for July, 2011

K-G BASIN MUKESH AMBANI SCAM

Why Our Government has not appointed ONGC Chairman from 6 Months, why only acting chairman. Answer is only to prefer RIL GAS DEAL.

Draft Report (2010–2011), the Comptroller and Auditor General of India’s (CAG) first ever audit of oil and gas companies operating in India, said that the Government of India unduly favoured private oil and natural gas explorers including the Mukesh Ambani-led Reliance Industries Ltd incurring a huge loss to the exchequer. The CAG report mentioned that the Ministry of Petroleum and Natural Gas (MOP&NG) and its regulatory arm – the Directorate General of Hydrocarbons (DGH) – allegedly favoured at least three private oil and natural gas explorers. The report alleges that the government allowed Ambani’s Reliance Industries Ltd (RIL) to violate terms of its contract with the government for exploration in the Krishna-Godavari basin (KG-D6). Allegedly, 70% of the draft Comptroller and Auditor General of India report is devoted to Reliance Industries Ltd alone.

The CAG report also noted that former Directorate General of Hydrocarbons (DGH) permitted Reliance Industries Ltd (RIL) to inflate its development costs on extracting the gas in the D6 block to the KG basin (KG-D6) from USD $2.47 billion to a huge USD $ 8.84 billion. The CAG also cited a joint venture of RIL with British Gas(BG) and Oil and Natural Gas Corporation(ONGC) for hiking development costs in the Panna-Mukta and Tapti gas fields.

Vinod Kumar Sibal is related to Kapil Sibal, Minister of Human Resource Development and Minister of Communications and Information Technology.On the 1st of July, 2011, in the registration of a formal case of corruption against V K Sibal, former DGH, the CBI also mentioned a Houston-based company – GX Technology (GXT) and its Indian representative — Sujata Venkatraman, for showering favours on V K Sibal and his family members. READ FULL ARTICLE

Categories: Uncategorized

AIR INDIA IS FOR SALE

Running Charges– Rs-3,000 crore/Year.
Operating Charges- Rs-1,500 crore/Year.
60% salary to upper management.
Rs-480 Crore wasted because India-New york route , Plane was stranded in New york Airport from 11 to 14 hours and 41% income was wasted.
Rs-280 Crore was wasted because plane was not used.
Rs-67 crore wasted on unnecessary design.
Praful Patel demerged Air India & Indian Airlines in 2006.
1200 AirIndia Planes Only for Politicians.
In 2005, then Minister of Airline Praful Patel passed order of Rs-35,000 crore plane.
Government Buy 68 Boeing Plane from U.S.A. But actually required only 28 Planes & paid Rs-10,000 Crore.
Now AirIndia is in Rs-18,000 crore Debt. and Rs- 800 crore Per Month Loss.

Cash-strapped Air India had spent nearly Rs 41 crore in a year in maintaining its offices in 11 cities across globe even though it does not have any operations from these locations. The Air India in an RTI reply has accepted it has offices in Los Angles, Amsterdam, Milan, Vienna, Zurich, Moscow,Cairo, Tehran, Nairobi, Sydney and Chittagong but does not have flight operations at these locations.

One of the most startling policy decisions, and one that has certainly contributed to the mammoth hole that the National Carrier finds itself in, was the decision to merge the 2 carriers, Air India and Indian Airlines: the argument given was that this would allow an entry into the Star Alliance which it was promised would be the silver bullet to end all of the National Carriers problems.

• Fleet acquisition scam:——- Air India had made a request for 24 aircraft in the MCLR category (Medium Capacity Long Range) and even initially selected the Airbus A340-300. Indian Airlines on the other hand had wanted a total 43 new Airbuses to replace the existing fleet of Airbuses they already operated: that’s a total of 67 aircraft. The minister, for reasons best known to him decided that the number just wasn’t enough. So the actual order placed was for a whopping 111 aircraft, instead of the combined total requirement projected by both the airlines of 67. How could an Airline READ FULL ARTICLE

Categories: Uncategorized

Government Land Politics

July 25, 2011 1 comment

Jaitapur N-Power Plant: Land For Power –968 hectares The nuclear plant site covers five villages: Madban, Niveli, Karel, Mithgavane, Varliwada, all in Ratnagiri district, Maharashtra where land acquisition ordered in 2007. Land cleared for acquisition: 968 hectares. Rs-14.85 crore compensation earmarked by the state government but  Rs 1.38 cr Amount paid out so far . Only 1.2-1.5 Rs-lakh/acre Price initially offered to villagers  then 4 Rs-lakh Later upped to Rs 4 lakh  &  10 Rs-lakh .This year, the state government has offered Rs 10 lakh per acre plus one job to every family displaced by the project 2,400 Families .Only 40 families have accepted compensation so far, but some of them are rethinking their stand  40,000 .The plant affects the livelihood of 40,000 locals, including about 16,000 directly dependent on fishing  .2,200 Rs-cr Land was shown as “barren” in the initial environment impact assessment reports. But the district is famous for mangoes, chiefly the alphonso variety. Annual turnover: Rs 2,200 crore. In 2003, Ratnagiri READ FULL ARTICLE

Categories: Uncategorized