UPA pressured me to drop names from CWG, coal reports: Rai

August 24, 2014

New Delhi, Aug 24: In fresh embarrassment to the erstwhile UPA regime, particularly to former Prime Minister Manmohan Singh, former CAG Vinod Rai has claimed that coalition functionaries had deputed politicians to get him leave out names from the audit reports in the Coalgate and Commonwealth Games scams.

Vinod RaiIn remarks damning the previous dispensation, he has also claimed that UPA functionaries had roped in even his colleagues in the IAS, to which he belonged before his appointment as CAG, to persuade him to leave out names.

Like some of the books that have recently hit the stands including those by the media adviser of the former prime minister Sanjay Baru, former External Affairs Minister K Natwar Singh and former Coal Secretary P C Parakh that have been severe on Singh and his government, Rai is penning his views in his forthcoming book "Not Just An Accountant" to be released in October, that will be critical of the UPA regime.

Rai, who had demitted office last year after several run-ins with the UPA government and had estimated a "notional"loss of Rs. 1.76 lakh crore in the 2G spectrum allocation and Rs.1.86 lakh crore in Coal Block allocations, was severe in his comments to Times of India on Singh.

He has said he would provide details of how sheer considerations of survival led Singh to acquiesce to decisions which caused huge loss to the exchequer.

"See the prime minister is the first among equals.He has to take the last call which sometimes he did, sometimes he didn't.Everything cannot be sacrificed only to remain in power. Governance cannot be sacrificed at the altar of compulsion of coalition politics. I have said it in the book," he said.

Today, Rai refused to meet reporters who reached his residence and declined to comment on the report. But sources close to him said, "Each and every word in the book is factually correct. The purpose is not to tarnish image of somebody but to help in improving governance and systems in future. The language used in the book is so simple that people from all walks of life including students can understand," they said.

Asked why Rai is making these comments now and not earlier, the sources said, he was holding a constitutional post at that time and it would have undermined the status of the institution which he headed.

"Now he is free to talk about it and in the book he has spoken about every person, taking their names, who had criticised the institution and the mandate of the CAG to do performance audit," the sources said.

They said the title of the book was inspired from a Supreme Court observation in a judgement in a PIL that "the CAG is not just a munim (account)."

Rai also said it was during the meetings of Parliament's Public Accounts Committee that he came under pressure from the Congress members of the Committee, who put tough and hostile questions to him.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
April 20,2020

Mumbai, Apr 20: At least 53 media persons from Mumbai have tested positive for coronavirus, a city civic official said on Monday.

During a special camp organised at the Azad Maidan here on April 16 and 17 for COVID-19 testing of scribes, the Brihanmumbai Municipal Corporation (BMC) collected swab samples of 171 mediapersons, including electronic and print media journalists, photographers and cameramen.

“Out of the 171 mediapersons, 53 tested positive for coronavirus,” BMC spokesperson Vijay Khabale said, adding that most of those who tested positive are asymptomatic at present.

All the mediapersons found infected with coronavirus will be kept in isolation and a process was underway to find out suitable places to the purpose, he said.

Efforts were also on to trace their high and low risk contacts.

Till Sunday, Mumbai recorded 2,724 coronavirus cases and 132 deaths due to the disease.

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News Network
April 6,2020

New Delhi, Apr 6: Prime Minister Narendra Modi on Monday said India's efforts to combat coronavirus have set an example and it is among countries which understood the pandemic's seriousness and took various timely decisions to combat the virus.

Addressing BJP workers to mark the 40th foundation day of the party, he also appreciated the maturity shown by people during the lockdown, describing it as  unprecedented.

"We got to see our collective strength on Sunday evening," he said referring to the countrywide exercise to switch off lights and illuminate diyas for nine minutes to show India's collective strength to fight the deadly virus.

He also urged BJP workers to follow a five-point agenda, including working to ensure that no poor goes hungry.

He asked them to follow the guidelines issued by party president J P Nadda.

Fight against coronavirus is no less than war, Modi said, asking BJP workers to donate and encourage others to contribute to the PM-CARES fund.

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