Friday, 6 June 2014

C RANGARAJAN: A FRAUD ECONOMIST

C  RANGARAJAN: A  FRAUD  ECONOMIST


The committee headed by C Rangarajan has suggested to  double the price of    domestically produced natural gas on the ground of the total average sum of the average price of the  back 12 months imports  of  Natural Gas into India and average price of  back 12 months  of  the Natural Gas in the Country Of  America, Britain and Japan.If we get the  said  average  sum of the average price  of the Natural Gas imported to India and Average price of  Natural Gas in the Country Of  America, Britain and Japan,then the price becomes double of the present price of the domestically produced natural gas.

Now question arises,how on the ground of the  average price of  back  12 months of  imported natural gas into  India and average  price of back 12 months of the natural gas of America,Britain and Japan,the price of domestically produced natural gas is being hiked  double?What is the relationship in between the imported average price,average price of other countries  etc  and the price of Indian Domestically Produced Natural Gas?


 The price of Indian domestically produced natural  gas should be increased on the ground of its own loss if it is faced on production or if the cost of production is higher than the price fixed for the selling of natural gas.So,it can be easily said that C Rangarajan has cheated the people of India and he is a fraud economist.


If the question of loss arose  in the production of natural gas,then there must have been CAG Audit before hiking the price double.Under  Article  149 of the Constitution Of India,CAG is empowered to  audit the accounts of the union and states and if Govt pays double price to Reliance Industry,then there is the loss in the treasury of Govt .So,to examine whether Reliance is facing loss or not,there must have been CAG Audit in place of  set up of C Rangarajan Committee. Also, nothing is written under  
 Section 10 of  THE COMPTROLLER AND AUDITOR-GENERAL'S (DUTIES, POWERS AND CONDITIONS OF SERVICE) ACT, 1971 which can prohibit the CAG to compile the accounts of the Ministry Of  Petroleum and Natural Gas and nothing is written under section 13 of the THE COMPTROLLER AND AUDITOR-GENERAL'S (DUTIES, POWERS AND CONDITIONS OF SERVICE) ACT, 1971 which can prohibit the CAG to audit  the accounts  of the Ministry Of  Petroleum and Natural Gas.Therefore,there must have been the CAG audit in place of set up of C Rangarajan committee.

..................

No comments:

Post a Comment