According to government watchdog Comptroller and Auditor General of India (CAG), infrastructure created at a cost of Rs 284 crore for three of the National Waterways has remained underutilised.
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.
Public Sector Units (PSUs) in India have been amassing losses, both at the Central and State levelÃ¹79 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.
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
Brahmaputra Cracker and Polymer incurred a cost overrun of more than Rs 3,400 crore on its Assam Gas Cracker Project (AGCP) because of inefficient pre-project planning, the government the Comptroller and Auditor General (CAG) of India said. The CAG said this in a report tabled in Parliament. Brahmaputra Cracker and Polymer is a joint venture between GAIL (India), Numaligarh Refinery, Oil India, and the