CAG report on coal allocation is only a draft: Pranab
CAG report on coal allocation is only a draft: Pranab
The CAG report had estimated a presumptive loss of Rs 1.76 lakh crore to the exchequer.

New Delhi: Amid uproar in Parliament over the reports of alleged coal scam of Rs 10.7 lakh crore, Finance Minister Pranab Mukherjee on Thursday said CAG's report is only a draft.

"It (Comptroller and Auditor General's report on coal allocation) is not yet CAG report. It is a draft report", he told reporters here.

Mukherjee further said, "normal practise is they (come out with) draft report... then Ministry's comment come. After the comments... there is a regular system through which it will be placed on the table of (both Houses) Parliament."

CAG's draft report has estimated Rs 10.6 lakh crore loss to the exchequer on account of allotment of coal blocks without auction, during 2004 to 2009, to 100 private and public sector companies.

The draft created a political storm leading to disruption of proceedings of the Lok Sabha and the Rajya Sabha.

The official auditor has estimated a "windfall gain" of Rs 6.31 lakh crore (PSUs - Rs 3.37 lakh crore and private parties - Rs 2.94 lakh crore) based on the prices prevailing during the year of allocation on constant cost and price basis as on March 31, 2011.

The CAG report comes more than a year after its report on the allocation of scarce 2G telecom spectrum on first-come-first-service basis. It had estimated a presumptive loss of Rs 1.76 lakh crore to the exchequer.

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