Friday 28 October 2011

2G losses: Lead auditor 'forced' to take CAG line?(http://ibnlive.in.com/exclusive-videos/2G-Scam.html)

New Delhi: More proof of the split in the CAG office has surfaced over the calculation of 2G losses.
CNN-IBN has copies of top secret notes exchanged between Deputy CAG Rekha Gupta and DG (Audit) RP Singh which shows that Singh was being coerced into toeing a line that Gupta and CAG Vinod Rai had already worked out.
A letter written by Gupta accused Singh of not auditing the 2G scam properly during 2009-10.
Singh had earlier maintained that he didn't agree with the methodology adopted to calculate the 2G losses.
You are watching the 2G Scam Stream(http://ibnlive.in.com/exclusive-videos/2G-Scam.html)

Singh is the person who had put his signature on the final CAG report pegging the loss in 2G scam at 1.76 lakh crore.
The Deputy CAG Rekha Gupta in her letter to the DG, said, "It appears that there is no strategy planned for auditing. Valuable time has been lost since October and he has yet to begin work."
R P Singh's responded to Gupta, saying, "My efforts, commitment to my job and dedication to the cause of audit to do my job with sincerity and integrity have been put to question and you have raised serious doubts about my present interest in the job. I have never been hit in such a way in my entire career. It is painful, hurting and less than fair. Your comments are exaggerated and overstretched. Your comments are demoralising and not inspiring at all. I request you not to prejudge work at this stage."
The letters exchanged between RP Singh and Rekha Gupta suggest that all was not well in the CAG institution when it came to the question of preparing this report.
The first letter was prepared by Rekha Gupta's officer on February 26 that raises serious doubts about the manner in which RP Singh was going about carrying out entire audit exercise.
RP Singh then joined the war of words and sent a rejoinder to Gupta on March 4.
This was when preparation of CAG report was in its final stages. The reason why RP Singh says he has been so hurt by the kind of attitude being displayed by his seniors because now these letters are proving to be an evidence that he was being forced by his seniors to arrive at a particular figure.
But he was just not willing to agree with the methods of carrying out these audits.
Earlier, RTI queries have revealed that Singh, in internal communications, had pegged the 2G losses at Rs 2645 crore, much less than the presumptive loss of Rs 1.76 lakh crore stated by the CAG in its report

Flooded Bangkok braces for rising tide High tides expected to peak on Saturday as tens of thousands of people flee Thai capital. (Source: Al Jazeera and agencies)



Heightened alert

Friday morning's high tide - measured at 2.47m above sea level - was lower than expected, however, raising hopes that the Chao Praya's flood barriers would prevent a major overflow.

"The navy predicted 2.57m on Saturday but I think it will be bit lower based on today," an official at the city's drainage and sewerage department who did not want to be named, told the AFP news agency.


"So the walls can still hold it back, despite flooding on the river banks which is usual during high tide."

Seven of Bangkok's 50 districts - all in the northern outskirts - are already heavily flooded.

Residents have fled aboard bamboo rafts and army trucks and by wading in waist-deep water. Provinces north of the capital have been submerged, with factories and homes ruined.


Fears the inner city could flood prompted an exodus this week, as Thais and expatriates alike sought refuge outside Bangkok, and foreign governments urged their citizens to avoid unessential travel to the threatened city.

Flooded Bangkok braces for rising tide - Asia-Pacific - Al Jazeera English

Flooded Bangkok braces for rising tide - Asia-Pacific - Al Jazeera English

MY PRIDE DID YOU KNOW THAT.......

India is one of the oldest civilizations in the world, spanning a period of more than 4000 years, and witnessing the fusion of several customs and traditions, which are reflective of the rich culture and heritage of the Country.

The history of the nation gives a glimpse into the magnanimity of its evolution - from a Country reeling under colonialism, to one of the leading economies in the global scenario within a span of fifty years. More than anything, the nationalistic fervour of the people is the contributing force behind the culmination of such a development. This transformation of the nation instills a sense of national pride in the heart of every Indian within the Country and abroad, and this section is a modest attempt at keeping its flame alive.

Sanskrit is considered as the mother of all higher languages.

This is because it is the most precise and therefore the suitable language for computer software (a report in Forbes magazine, July 1987)