CAG: Govt lost Rs 10.7 lakh crore by not auctioning coal blocks

The CAG is at it again. About 16 months after it rocked the UPA government with its explosive report on allocation of 2G spectrum and licenses, the Comptroller & Auditor General's draft report titled 'Performance Audit of Coal Block Allocations' says the government has extended "undue benefits", totalling a mind boggling Rs 10.67 lakh crore, to commercial entities by giving them 155 coal acreage without auction between 2004 and 2009.