Economy, new-Juni, Budget Tagged with: ashok leyland, audit report, CAG, hinduja, OFB, ordnance fac

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September Calendar
About 40 ordnance factories in the country at large purchases from small to be capped so that the e-procurement system to adopt corruption work has once again been postponed to October 26, 2010. Had already decided to bring transparency in the purchase of more than Rs 10 lakh from August 1, 2010, all purchases will be online from e-Procurement System. But Ann-time freebmd tax on September 1, 2010 the date was postponed for about a month now and again it has been postponed. Please tell the ordnance factories and their governing board (OFB) on corruption in India's Comptroller and Auditor Mhelkha has recently released a comprehensive report. The findings by the Ministry of Defence put upset and he is busy trying to handle the situation. Ordnance Factory Board (OFB) has been incredible Karastanian is presenting its hallmark.
CAG is clear that OFB recent report from the 2008-9 financial year 2006-07, Tata and illegitimate Hinduja Group has paid Rs 253 crore. In fact, in September 1998 the first 4 Twelve years OFB and Tata Motors (then Telco or the Tata Engineering and Locomotive Company), under which an agreement was drawn from OFB Tata CKD / SKD (complete freebmd knockdown kits / semi-knockdown kits) from The Vehicle freebmd Factory Jabalpur was right to make the 2.5 ton truck. There was a condition attached to the product and the value of things 'price variation formula' will be fixed and included in the contract price of Mondl The differential impact of any pass-on freebmd OFB will be made.
But OFB and Tata Motors August 7, 2001 and 4 December 2006, two supplementary agreements have been several revisions to the original agreement. Now Tata Motors was set for September 4, 1998, the day the original agreement to 14 years (until September 4, 2012) OFB supply of vehicles to have the kit. With the price variation formula cleverly linked to the wholesale price index, the sub-group of the vehicles 'motor vehicle, Motorcycles, Scooters, Baisikals and parts "instead of showing the price of metals' Basic Metal and Alloy sub-groups have been linked to . Because of this game was that vehicles finer than the wholesale price index of metals was growing so fast it would get a better price for Tata Motors. freebmd
CAG report that vehicles from 2002 to 2008, the index reached 150 to 180, up from 325 during the same period reached 150 index of metals. The difference is even further increases in both indices. The effect of this change in the supplementary agreement that the OFB during April 1, 2006 to March 31, 2009 received orders worth Rs 1 crore or more than the original agreement to Tata Motors of Rs 105 crore more than the. Increase the burden of tax and excise duty, he separately. Clearly, the OFB Tata Motors Rs 105 crore, this advantage will be transported by a pick-up.
Tata Motors not only other leading manufacturers of trucks, with the Hinduja Group company Ashok Leyland Staliyon model OFB August 10, 1998 5 / 5.75 tons of vehicles CKD / SKD supply agreement was originally. In terms of the April 9, 2003 December 16, 2005 and October freebmd 17, 2006 by the three supplementary agreements have been considerable changes. Term of Agreement August 10, 2012 was increased to 14 years.
Price variation formula instead of metal and alloy sub-group of vehicles added to the wholesale price index. The result of 1st April 2006 kits of vehicles purchased between March 31, 2009 at the OFB 148 crore more than the original contract paid. OFB two of the Hinduja Group companies like Tata and benefit of Rs 253 crore, many tried to justify on technical grounds. But the CAG could not give a satisfactory answer to the inquiry team. In the latest audit reports on its website CAG Performance Audit Report No. 15 of the Defence services related to the procurement of vehicles of Chapter 7, ordnance factories resembled Jndn full of the loot roll cast is poured.
Economy, new-Juni, Budget Tagged with: ashok leyland, audit report, CAG, hinduja, OFB, ordnance factories, tata group, tata motors, freebmd Ashok Leyland, e-procurement, audit reports, Tata Motors, the wholesale price index, rigging, corruption, CAG
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