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Risk allocation wholly skewed against private sector

Risk allocation wholly skewed against private sector

Vinayak Chatterjee, Chairman, Feedback Infra feels that the country has failed miserably on regulation, renegotiation, risk allocation and resourcing. He says that a comprehensive policy framework, including independent regulation, is required to make the PPP concept a success.

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PAC wants PPP projects under CAG

PAC wants PPP projects under CAG

The Public Accounts Committee strongly favours empowering the Comptroller and Auditor General to examine investment, expenditure and profit aspects in public-private-partnership (PPP) projects.

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Revamping Public Sector Units

Revamping Public Sector Units

Public Sector Units (PSUs) in India have been amassing losses, both at the Central and State levelù79 State-run companies had an accumulated loss of Rs 55,656 crore in 2012-13; while at the same time, investment in these companies is approximately Rs. 1.57 lakh crore.

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Exploring New Directions

Exploring New Directions

With a view to analysing the Kelkar Committee Report on domestic fuel production, we critically consider certain recommendations in Part I of the Committee´s Report.

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Port authorities flout norms:CAG

Port authorities flout norms:CAG

The Comptroller and Auditor General of India (CAG) alleged that the union shipping ministry and some port authorities floated norms and this cost an estimated loss of Rs 1.5 lakh crore. In its report, the CAG found that some port authorities allowed unauthorised agents to carry out onshore operation without sharing royalty with the ports

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CAG finds fault with ONGC’s hiring of rig

CAG finds fault with ONGC’s hiring of rig

A report by the Comptroller and Auditor General of India (CAG) found fault with ONGC for hiring a rig from Reliance Industries (RIL) in 2009 for six months at a cost of Rs 146.7 crore without bidding. While ONGC hired it in 2009 on grounds that it needed the equipment to drill three wells urgently, the CAG report suggests the rig was not necessary going by the

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