Monday January 20, 2020
Home Politics CAG puts Niti...

CAG puts Nitin Gadkari’s Purti Group firm under scanner for financial irregularities

0
//

download (11)

By NewsGram Staff Writer

The Controller and Audit General (CAG) presented a report in Lok Sabha yesterday, charging Purti Sakhar Karkhana Limited (PSKL) of non-compliance of interest subsidy conditions.

The interest subsidy was granted to it by the Ministry of New and Renewable Energy and the report named Union Minister Nitin Gadkari as one of the “promoters and/or directors” of the firm.

The report on ‘Financing of Renewable Energy Projects by Indian Renewable Energy Development Agency Limited (IREDA)’ stated that the ministry had sanctioned Rs 1.92 crore as interest subsidy to the company and released Rs 1.37 crore to IREDA in June 2004, on the basis of net present value of PSKL.

The firm, according to the report, failed to meet the conditions of the interest subsidy extended to it. The project employed 100% coal based operations as against the upper limit of 25% allowed under subsidy schemes. The company also failed to meet the condition stipulating that the project should continue for at least ten years after completion. 

Moreover, CAG found that although the load had become a non performing asset in March 2007 the actual benefit from the subsidy amounting to Rs 1.66 crore was passed on till December 2009.

However the CAG report said that IRDEA management stated in April 2014 that PSKL had settled its account and paid the dues. IRDEA also claimed that it is not necessary if an account becomes a non performing asset, then interest subsidy is not to be passed.

“The reply of the management may be seen in the context that avoiding default on repayment by the borrower and limited deviation from renewable energy sources (up to 25 per cent) were important components of the scheme, and as such, IREDA cannot change/interpret specific conditions for grant of subsidy of GOI schemes. Further, the OTS proposal was sanctioned on the ground that the project was no longer an RE (renewable energy) project,” the CAG report stated.  

Next Story

Congress To Use Tribal Card to Regain Power in the Country

Congress to use tribal card to improve countrywide position

0
Congress Chhattisgarh
Congress will be using the tribal card to regain dominance and their plan of action will begin from Chhattisgarh. Wikimedia Commons

BY SANDEEP PAURANIK

In order to regain dominance in the country, the Congress is mulling using the tribal card. This plan of action is to be first implemented in Chhattisgarh.

Riding on the success of the Assembly and urban body elections, the Congress feels that it can increase it base through tribals as they constitute 8 per cent of the total population.

The Bharatiya Janata Party (BJP) in the first three Assembly elections in the state, after its formation in 2000, recorded huge victories and came to power. But after the Assembly elections held last year, the scenario changed. After registering a victory in the Assembly elections and then in the urban body polls, the Congress showed that it still dominates the tribal areas.

Rahul Gandhi Congress
Former President of Congress Rahul Gandhi gave an important message while innaugrating the National Tribal Dance Festival in Raipur. Wikimedia Commons

The Congress gave the responsibility of the tribal areas to the tribal leader of Madhya Pradesh Umang Singhar which eventually helped the party. Now, the party is planning to spread out nationwide through Chhattisgarh.

Former party president Rahul Gandhi, while inaugurating the National Tribal Dance Festival in Raipur, gave a message to the tribals who are here to participate in the festival that the Chhattisgarh government is working for all the sections and this is the reason why there has been a downward trend in naxal attacks and the state economy has also improved.

The Congress is planning to publicise the improvements in Chhattisgarh throughout the country because the tribal population in the state is 32 per cent.

BJP media panellist Sandeep Sharma, however, claims that the party’s base has not shrunk. He said till Madhya Pradesh and Chhattisgarh were not divided, the Congress was strong in the area but in the elections held after three years of the bifurcation, the BJP won the Assembly elections and was in power for 15 years. Though we faced defeat in the 2018 elections, the only reason was that people wanted a change but they were not angry with the BJP, he claimed.

The BJP won in the Lok Sabha elections and the margin in the urban body elections was also not much. So, it would be inappropriate to say that the BJP’s base has shrunk, he said adding that in one year the Congress’ base has declined by 9 per cent whereas in Assembly elections it got 12 per cent more votes and in urban body elections the margin was 3 per cent.

Congress
The Congress is planning to publicise the improvements in Chhattisgarh throughout the country. Wikimedia Commons

Analysing the political landscape of the state, political analyst Rudra Awasthi said, “When it was Madhya Pradesh then the Congress had stronghold in Chhattisgarh. Several big leaders were also from the state but after the formation of Chhattisgarh since Ajit Jogi was accused of being a fake tribal the Congress lost its stronghold over the tribals. Though it continued to dominate in some of the areas which helped it in regaining the power.

“As of now, the Congress has started including the tribals with the backward class. First Bhupesh Baghel was the state chief of the party and he was replaced by Mohan Markam as he became the Chief Minister. During the Assembly elections, the Congress talked about the identity of the tribals which helped the party. After winning the elections, the decisions of the Congress government were in favour of the tribals which helped the party in the urban body elections,” said Awasthi.

Also Read- Unity in Diversity is the Strength of the Country: Rahul Gandhi

The Congress is mulling over spreading its message to the tribals across the country through the three-day festival going on here. For this several senior leaders of the party will attend the festival and share the government’s schemes while giving the message that the Congress government in the state has brought a positive and a significant change in the lives of the tribals. (IANS)