The UPA government has been in denial mode on corruption in the KG Basin D-6 block. It is dragging its feet and does not want to take on a private contractor who has indulged in unjust drainage of the national exchequer... Gold-plating was done to get a bigger profit in whichever manner possible. Allowing gold-plating at the beginning and then hiking the gas price to almost what had been demanded by the private contractor indicated a nexus at the highest level..
What was being done was so visible right from day-one. It all began with the submission of the field development plan (FDP) by RIL. The initial FDP was for production of 40 mmscmd [million metric standard cubic metres per day] of gas at a cost of $2.47 billion. Subsequently, the FDP was amended and the production target was raised to 80 mmscmd but the FDP went up four times to a whopping $8.84 billion. The whole FDP was approved by the Director-General of Hydrocarbons, V.K. Sibal, who is facing CBI investigations now, in 33 days flat. How could such a big cost escalation be approved in just 33 days, that too when doubts had been raised inside and outside Parliament?
The matter is linked to energy, which is very important and a lifeline for the people and the country. This issue has brought out the holes in the system and questions the integrity of the whole system of governance. The irregularities in KG Basin D-6 block need to be probed on top priority.
http://www.thehindu.com/opinion/intervie鈥?/a>
Now what are your thoughts on this yet another himalayan drain on Govt Exchequer exposed by CAG, even before the dust of 2G had settled down ? Do share your views!Should the government launch a full-fledged investigation into the KG basin operations of RIL?
The whole affairs need a cost benefit analysis right from the beginning and the special quality of technology being adopted by RIL..The reason for not awarding this to ONGC which has experience and expertise is to be found out.Unfortunately, UPA Government is ignoring Cost,social benefit and overall impact of the exploration etc in the award of the contract.
desh ke develop ment ke liye jaruri haiShould the government launch a full-fledged investigation into the KG basin operations of RIL?
National resources like gas, metals, etc have to be put to maximum advantage of the nation as also the state /central revenue should not be drained by any undue concession to commercial interests! It is unlikely that the Govt would seriously want this investigated as its own leaders are involved in the deals.
Nation is at much risk under the UPA / Congress rulers. Their activities in most financial involvements are all suspect. One does not know in how many more depts such massive drain of revenue had been incurred by deliberate wrong decisions to benefit the trade interests, for earining kickbacks.
The excessive role of money in elections is one factor for increasing corruption and this play of money has to be curtailed besides reforms in election system to elect true representatives of the majority of voting public!Should the government launch a full-fledged investigation into the KG basin operations of RIL?
Yes an honest investigation in the lines of perhaps the Spectrum (under court's supervision) would be useful at least to stall the dare devil activities of Govt to squander public resources for a pittance in order to get kickbacks by officials and politicians and to extract funds for election expenses!
But even the Spectrum investigations are said tobe much less than desired, in the absence of open efforts to cover up some people's roles, totally ignore the roles of some big fish and so forth. Not even 10% of revenue lost had been located while at least 50% of loss should have been shared among major players!
The Space dept scandal had virtually faded from news. Obviously the sources of leak have been plugged. National Biodiversity Authority's dubious roles in frittering away national interests have also been totally blacked out, beyond the CAG report that appeared in the Press! Isn't it sickening that Ruling politicians, top bureacrats and even elite scientists are throwing salutary values to winds and succumb to corrupt practices!
So we may not expect much from the investigations of CBI if the present rulers who are the suspects, continue in office. But yes, we have to insist for an investigation anyway however subjective it is likely to turn up over time. If and when a change of persons occur in the rulership, there may be some mitigation of damages suffered by the nation!
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