NOIDA allotted farmhouses in 'questionable' manner, loss of Rs 2,833 cr to exchequer: CAG
Zee News
The CAG report highlighted lapses in general policies, planning, acquisition of land, allotment of properties and internal control in NOIDA which it said resulted in loss of crores to the exchequer.
Noida: Farmhouse schemes launched in Noida during 2008-11 lacked requisite Uttar Pradesh government approvals, and allotments under them were done in a "questionable" manner, causing a loss of over Rs 2,833 crore to the exchequer, according to a new CAG report.
In the audit report tabled in the Uttar Pradesh Assembly on Friday, the Comptroller and Auditor General (CAG) also flagged significant lapses in policies adopted by the New Okhla Industrial Development Authority (NOIDA), also called the Noida Authority.
The report highlighted lapses in general policies, planning, acquisition of land, allotment of properties and internal control in NOIDA which it said resulted in loss of crores to the exchequer.
