Amidst a row over CAG audit of Reliance Industries’ KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL’s CBM blocks as they are governed by different contractual regime.

A panel headed by Chairman of Prime Minister’s Economic Advisory Council, C Rangarajan, said in its report last week that Coal Bed Methane (CBM) blocks do not have elements of cost recovery and so CAG audit “may not be required”.