24 May 2012

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CAG expose Rs. 1.63 lakh Crore scam related to Delhi airport land deal and DIAL

CAG expose Rs. 1.63 lakh Crore scam related to  Delhi airport land deal and DIAL

The Comptroller and Auditor General (CAG) has found  Rs. 1.63 lakh Crore scam related to the Delhi airport land deal.




According to the CAG report, the government gave 4,799.09 acre of prime land on lease to its private sector partner Delhi International Airport Limited (DIAL) for development of the airport. 


Dial is the private operator of Delhi airport in which the GMR Group owns the majority stake.

The land was given on a paltry lease rent of Rs. 100 per acre per year for a period of 60 years.

Land it has been allowed to use for commercial exploitation. Hotels, malls etc. have been built on this land and DIAL gets a share of their profits.

DIAL charges and gets airport development fees of Rs. 1,300 extra for international flight and Rs. 200 for domestic journey from each passenger.

DIAL itself has estimated that commercial exploitation of the land for 60 years would give it profit to the tune of Rs. 1.63 lakh Crore.

In its report CAG says that the ministry and the AAI (Airports Authority of India) have always ruled in favor of the operators and against the interest of the government".

Now do you understand why India is a beggar nation?

Why Petrol prices are required to be increased?

Corruption is the root cause and Corruption is our religion.

Reality views by sm –

Thursday, May 24, 2012

Tags - CAG DIAL SCAM

15 comments:

Baur May 24, 2012  

Dang no one likes raised prices

Nathan May 24, 2012  

That's quite a bit of land.

cookingvarieties May 24, 2012  

hi sm.. looks like many things are accompanied with a scam...it's a scam world and i just enjoy reading your post on these and smile... have a nice day

Shanti Garg May 24, 2012  

Very nice post.....
Aabhar!

BK Chowla, May 24, 2012  

I have lost track of UPA scams

Renu May 24, 2012  

corruption has seeped into our roots now..

Matt May 24, 2012  

Have to agree with Renu, never a good thing to hear about all these scams but very informative.

wizardOZZ May 25, 2012  

high prices allways suck