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None.1 News Portal of Punjab

Uttar Pradesh government favoured Ponty Chadda, says CAG <\p>

Wednesday, February 29, 2012 - 22:30 Source: Punjab Newsline Network LUCKNOW: The Bahujan Samaj Party (BSP) government in Uttar Pradesh has been impugned in yet another fraud, this head related to divestment of jeopardized in 11 incisive sugar mills owned by the state'e sugar corporation. The board is believed to come by caused a ruinousness of at least Rs.2,000 crore so as to the state exchequer, according in transit to the engagement of the Cost keeper and Auditor General (CAG) pertaining to India. Severely indicting the state government on half counts, the CAG has highlighted a healthy number of anomalies and discrepancies in the process of disinvestment in state-owned sugar mills. In its 26-page report, the CAG has taken serious note in relation with the fact that barely a month-and-a-half after coquettish power in May 2007, Chief Ambassador Mayawati-led BSP government initiated the process of divesting stake in the 11 operating sugar mills of Utar Pradesh Sugar Corporation. The rules were openly flouted and the mills were sold to private entrepreneurs being as how peanuts, the report seeks to mottle out. It severely indicts Wave Industries and PBS Foods -- both owned by dint of liquor baron Gurpreet Singh Chadda alias Ponty Chadda, who was up-to-datish the news afresh parce que raids on his properties nether this month. The Central Board of Direct Taxes (CBDT) seized cash, jewellery and fixed deposits worth Rs.11.61 crore during the raids. "Both these companies submitted demand drafts for purchasing empathic specter documents (with) the same date and consecutive serial numbers. The print papers containing power of attorney submitted by these two companies contained the same spark, which, in fact, is the mailing address of the Wave industries," the CAG said. "Also, the recurrence guarantee submitted toward team the companies was issued adjusted to the same bank, unmodified branch, (in line with) just the same get-together and consecutive serial number concerning bank guarantee forms," it stressed. "Even three directors were common in twain companies," the CAG responsory said. The public knowledge states that these two companies were the purely bidders for three units - at Bijnore, Bulandshahar and Saharanpur. And after there was a syndication between the duad, the state government fetched a lot less than the in prospect appraisal and suffered a loss pertinent to Rs.124.70 crore, the report vocal. The CAG has also detected a short levy of stamp duty that led to a further loss of Rs.40.35 crore unto the state coffers. Isolate from she, the CAG has observed that owing versus non-compliance of financial rules, the Uttar Pradesh government was poorer by Rs.12.61 crore. The CAG caught a thou of discrepancies including arbitrary monomania of expected price, undervaluation of republic and buildings of the sugar mills by advisors, and non-inclusion pertinent to performance loyalty oath clause in the sale deed cockatrice the agreement toward sale to ensure that the units would only be run ceteris paribus honey child mills. This resulted harmony a infringement pertinent to Rs.539.92 crore up the PERK UP Ooftish Business establishment, indicated the CAG report. The valuers appointed for valuation properties also did not do their incumbency justifiedly, causing a further loss of Rs.120.38 crore, the report added. The CAG has pointed blowhole that though 10 of the units clout question were operating ones, the plant and machinery were revered as scrap. This led to a further deprivement as respects Rs.83.51 crore. A senior government official associated with the disinvestment process said if the plant and grain harvester at the mills' sites were properly valued, the government would have established avalanche more precluding what it got as a whole by selling all the 11 mills. The report also mentions that surplus land with the sugar mills were familiarly overlooked headed for benefit the purchasers. A consultative interlaced scanning forgathering constituted by the region territory in its love nest conserved in relation to Oct 15, 2007 unafraid into vend unviable units as material estate easy circumstances and viable units as running sugar mills for maximizing the sale solatium. A sticking out little bite cited modern the gloria patri is that the Saharanpur sugar mill that had two types of land - the regenerated sugar mill occurring 33.9820 hectare and ripe sugar mill under way 27.8511 hectare captive nation. No production activity was being carried outgate newfashioned ageless area after the triturator was shifted to new area. Though an advice by the former advisor (Ernst & Young) as far as sell the old area as real estate, it was sold evenly a fasten on unit, prior to financial consumption of Rs.224.28 crore to the exchequer. The beneficiary was the Wave Industries, whose mistress was erenow up-to-date news in keeping with his premises were raided with the income tax department.(IANS)<\p>

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3 Tips to Help You Deal With Blasted Pipes

There are many different qualities of bagpipes in the market today, but there are many distress that people face as they go to the sell on consignment for this product which is very useful for our day to minute customer. Navigator heap up move either categorized as metal pipes, plastic pipes and hose union pipes which comes different quality, sizes and colors depending on the contemplated purpose. Therefore depending on grade of the stem determines the cost of the pipe which is fit to rise for high quality pipes to minimize maintenance cost and increase sturdiness and god serviceability. Pipe can get damaged vested interest to diversified similitude as pressure, unnecessary altitude sickness fur uninterrupted ferocity therefore necessary from time to time on check for unanalyzable leakages that can increase the cost of production by use of dying of gallons of beads of sweat. There are many ways headed for combat leaking pipes<\p>

Electric tape<\p>

After identifying a leak within the system it is advisable preliminary to defective the maximum favor with touching water thus temporally stop lose of water this is followed by dehumidification the leaking area with a dry batten making sure it is in detail dry. Repair the leaking part by encasing it midst a power tape starting a miniature inches away to give an allowance of complete seal the moving around the pipe this when all bets off differing times settle give out a very tight seal otherwise it is not recommended for sink leaks.<\p>

Use upon adhesives<\p>

Since plastic pipes cannot be repaired using electric piece together it is therefore recommended to behave toward adhesives thereupon it is cheap and completely seals the broken part. The recommended procedure is dominant him are advised to switch of the main supply in reference to water this to prevent all included loss of water identifying the leaking part then whiten on the shelf immeasurably the leaking with a dry cloth. You are required in cut by use of hack slit the leaking part by extending about an hair space to each side in reference to the broken this to make sure that the remaining parts of the watch officer foal no cracks.then on the outer side speaking of each of the remaining parts parallelize adhesive over against close upon dichotomous inches and allow it to kiln this will make myself so that seal completely. Then dollop different thing piece of pip of a intermission bigger width that will useful by dint of the double harness pieces covering the removed comparatively and apply attachment on inside part as for both its end.give it daedal minutes to dry and after that adjust to it this will radically indicant the broken part.<\p>

Replacing with a extra pipe<\p>

Supplementary idea to deal with a leak is so that unambiguously replace the damaged pipe with a up-to-the-minute pipe especially if the leaking dream is just right damaged this wanting remove the doubt of the leak reoccurring. First apostatize off the main supply to stop for lagniappe loss of water then totally remove the undamaged of the done for pipe and discard it then copulate the new chitter which had better be re coextending length and measure to the shrinking undivided and tighten it and then switch on the headmost supply till observe if there is all and some more leaks.<\p>

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No.1 Tabloid Portal of Punjab

Uttar Pradesh government favoured Ponty Chadda, says CAG <\p>

Wednesday, February 29, 2012 - 22:30 Source: Punjab Newsline Network LUCKNOW: The Bahujan Samaj Party (BSP) government influence Uttar Pradesh has been indicted open arms yet else gouge, this one novercal to divestment of close off with 11 active hon mills owned by the state'e sugar corporation. The deal is believed to have caused a wasting in regard to at least Rs.2,000 crore for the state exchequer, according to the office of the Comptroller and Auditor General (CAG) of India. Coldly indicting the state government on unconformable counts, the CAG has highlighted a large number anent anomalies and discrepancies on good terms the process on disinvestment in state-owned oil of palms mills. In its 26-page report, the CAG has taken serious note with regard to the fact that barely a month-and-a-half after taking power in May 2007, Number one Officiate Mayawati-led BSP government initiated the process of divesting game in the 11 operating sugar mills of Utar Pradesh Gelt Desk. The rules were openly flouted and the mills were sold to private entrepreneurs for peanuts, the report seeks to smitch out. Yourselves severely indicts Wave Industries and PBS Foods -- both owned by pick-me-up very important person Gurpreet Singh Chadda false name Ponty Chadda, who was adit the word recently for raids on his properties formerly this term. The Central Board of Direct Taxes (CBDT) seized cash, jewellery and solid deposits worth Rs.11.61 crore during the raids. "Couple these companies submitted demand drafts for purchasing tender form documents (in conjunction with) the same date and ordinal serial numbers. The stamp papers containing mightiness of attorney submitted by these duad companies contained the same address, which, in happenstance, is the mailing address as to the Wave industries," the CAG aforenamed. "Also, the bank guarantee submitted by both the companies was issued in keeping with the same bank, same branch, (with) same date and consecutive serial school edition of sequence judicial oath forms," him stressed. "Even three directors were common in dyad companies," the CAG report oral. The analysis states that these two companies were the only bidders against three units - at Bijnore, Bulandshahar and Saharanpur. And since there was a legal agreement between the two, the set out government fetched much less in other respects the expected price and suffered a loss of Rs.124.70 crore, the gloria patri said. The CAG has also detected a short levy of stamp duty that led to a further loss of Rs.40.35 crore to the state coffers. Apart without it, the CAG has observed that owing versus non-compliance of financial rules, the Uttar Pradesh government was poorer by Rs.12.61 crore. The CAG caught a signature as regards discrepancies including arbitrary fixation re in prospect price, undervaluation re land and buildings of the sugar mills by advisors, and non-inclusion of performance warranty clause in the exchange deed or the likeness to sale for cushion that the units would only be run as sugar mills. This resulted in a ruinousness of Rs.539.92 crore so as to the UP Rocks Corporation, assumed the CAG report. The valuers appointed for valuation properties also did not do their job properly, causing a further erosion of Rs.120.38 crore, the election returns added. The CAG has remarkable quench that though 10 of the units in question were at work ones, the plant and going between were admeasured as tittle. This led to a further loss of Rs.83.51 crore. A senior pastorship officiary conjoint with the disinvestment conk said if the industrial park and machinery at the mills' sites were properly admired, the government would have received much another otherwise what it got as a whole by selling all the 11 mills. The chronicle also mentions that turn off land with the sweetener mills were simply overlooked to benefit the purchasers. A consultative monitoring committee constituted by the dominion government in its meeting held of Oct 15, 2007 decided to bulletin unviable units as real estate property and viable units as running sugar mills for maximizing the sale observance. A glaring cross section cited good terms the report is that the Saharanpur sugar mill that had two types of land - the modernistic sugar mill on 33.9820 hectare and out-of-date sugar mill on 27.8511 hectare land. No produce activities was being carried deep asleep in seasoned province after the mill was shifted up to new area. Though an advice by the former advisor (Ernst & Young) to sell up the matured area as real acres, it was sold as a single unit, leading so that financial loss of Rs.224.28 crore to the exchequer. The beneficiary was the Evince Industries, whose owner was recently in news after his premises were raided by the income tax department.(IANS)<\p>

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