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AK Antony delayed Submarine buys
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A CAG report on Tuesday said that the Ministry of Defence has suffered a loss of Rs 829.71 crore due to inordinate delay in the renewal of leases by Defence Estate Officers with organisations occupying defence land despite clear instructions from the Ministry.
The Ministry incurred the losses in six patches of its lands across the country which are under the possession of different organisations, said the Comptroller and Auditor General's report which was tabled in Parliament.
A whopping loss of Rs 814 crore was caused by delay in fianalising lease in one particular case alone involving Royal Calcutta Turf Club which is spread over 153.4 acres of defence land.
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The Ministry incurred the losses in six patches of its lands across the country which are under the possession of different organisations, said the Comptroller and Auditor General's report which was tabled in Parliament.
A whopping loss of Rs 814 crore was caused by delay in fianalising lease in one particular case alone involving Royal Calcutta Turf Club which is spread over 153.4 acres of defence land.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
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