Railways wants CWG to come clean on funds

Railways has pledged Rs 100 crore for the Commonwealth Games

PTI | August 4, 2010



As controversy rages over the alleged misuse of funds in the Commonwealth Games, Indian Railways, a lead partner in the games, today sought a clarification from the Organising Committee over utilisation of funds for the mega event.

Railways has pledged Rs 100 crore for the Games and an MoU is expected to be signed between the PSU behemoth and the Organising Committee shortly.

Railways Ministry sources said the clarification has been sought in the backdrop of reports of shoddy deals for procurement of equipment and other projects.

The sources indicated that the Ministry might rethink its pledged support to the Games if it is not satisfied with the reply of the organisers.

Caught in a web of corruption scandals and under intense pressure from the government, the Organising Committee has already been forced to form a three-member panel to probe allegations of irregular financial transactions with a little-known UK-based company.
 

Comments

 

Other News

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter