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At a meeting that is expected to be stormy, the Comptroller and Auditor-General (CAG) led by Vinod Rai will make a presentation explaining its controversial CAG report on coal block allocations before the Murli Manohar Joshi- headed Public Accounts Committee (PAC), on Sept 21.
The first PAC meeting on the Coalgate report, which led to Parliament’s monsoon session getting washed out, is expected to be crucial one as a whole new side could be revealed in the PAC discussion about whether the Rs 1.86-lakh-crore loss estimate on account of delaying coal auctions appropriately represent the situation or whether the CAG used a soft touch.
However, disparity could emerge from the wide gap between the initial Rs 10.67-lakh-crore revenue loss estimate reported in a draft report in March 2012 and the whittled-down Rs 1.86-lakh-crore figure presented in the final report. Furthermore, after presentation by CAG team in the morning, officials of the coal ministry will face the PAC on the issue of allocations in the afternoon session of the Committee.
Moreover, back on August 23, PAC decided to examine the four latest reports of the CAG, including the one on coal block allocation. Meanwhile, the other CAG reports that are scheduled for deliberation include the ones on Delhi International Airport, Ultra Mega Power Plants and Atomic Energy Regulatory Board (AERB).
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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