SLIDESHOW

Companies CAG named that got undue favours from the Centre

Sat, Aug 18, 2012 at 15:29

Source: Moneycontrol.com
Share   .   Email   .   Print      

Along with power companies, the CAG has criticised the terms under which Delhi airport was privatised in 2005 on the ground that they were skewed in favour of the GMR-led consortium chosen to develop the airport under a public-private partnership. But its conclusions drew sharp rebuttals from GMR and the civil aviation ministry, with both arguing that the process of choosing a private partner had been cleared by the cabinet and subsequently upheld by the Supreme Court.