What is this about?
Delhi Airport Scam also called DIAL Scam or IGI Scam is one of the biggest scam that rocked India.
Who is responsible?
The Congress Government has produced some of the greatest scams of India. The CAG audit Report on Indira Gandhi International Airport in New Delhi exposes the Politician [INDIAN NATIONAL CONGRESS] and Developer [GMR Infrastructure] nexus causing a huge loss to the National Exchequer to the tune of Rs 1,63,557 crore over 58 years.
Know more:
In the “Implementation of public-private partnership Indira Gandhi International Airport Delhi” report, an estimate scandal of 1.63 lakh crores was asserted by the Comptroller and Auditor General of India.
The total value of the land allotted to Dial is said to be around Rs. 24 thousand crores. DIAL is said to possess 4799.09 thousand acres of land.
With an equity contribution of Rs 2,450 crore of which the private GMR-led consortium's share was Rs 1,813 crore, the Delhi International Airport Limited (DIAL) got a brownfield airport for 60 years.
The projected earning capacity of this land (239.95 acres) in terms of license fee over the concession period of 58 years was indicated by Dial itself as Rs. 681.63 crores per acre in a letter to the joint secretary, aviation ministry.
The CAG also charged the Civil Aviation Ministry with violating the bid conditions for the benefit of DIAL to the tune of over Rs 3,415 crore and pressed for fixing of responsibility.
The current status shows that the development fee is continuously being charged by the passengers which ranges from Rs. 220 to Rs. 520 for domestic passengers and Rs. 490 to 1200 for international passengers.
What is DIAL?
DIAL is a joint venture consortium led by the GMR Group which was mandated by the Government to modernise Delhi airport. The other members of the consortium include Frankfurt Airport, Airports Authority of India (AAI) and Malaysian Airports.
The report said the OMDA allowed DIAL to use five per cent of the demised land for commercial exploitation. The current value of 9.50 acres as per AERA amounted to Rs 950 crore. The earning potential for 58 years from 9.50 acres based on DIAL's own projections was Rs 6,457 crore, it said.
RESULT:
This scandal has resulted in a loss on the part of both the farmers and the passengers. The farmers have lost their lands at cheap rates and the passengers have to pay the development fees. One thing that is true to this scandal is that it has resulted in loss of both the rich and the poor, flight passengers being the rich targets and farmers being the poor targets. In most of the cases it is the poor which are mostly affected. It is the duty of the Indian citizens to join hands against such scandals for the proper development of the Indian economy.
A SCAM OF WORTH
RS 1,63,557 Crores....
by CONGRESS.
Delhi Airport Scam also called DIAL Scam or IGI Scam is one of the biggest scam that rocked India.
Who is responsible?The Congress Government has produced some of the greatest scams of India. The CAG audit Report on Indira Gandhi International Airport in New Delhi exposes the Politician [INDIAN NATIONAL CONGRESS] and Developer [GMR Infrastructure] nexus causing a huge loss to the National Exchequer to the tune of Rs 1,63,557 crore over 58 years.
Know more:
In the “Implementation of public-private partnership Indira Gandhi International Airport Delhi” report, an estimate scandal of 1.63 lakh crores was asserted by the Comptroller and Auditor General of India.
The total value of the land allotted to Dial is said to be around Rs. 24 thousand crores. DIAL is said to possess 4799.09 thousand acres of land.
With an equity contribution of Rs 2,450 crore of which the private GMR-led consortium's share was Rs 1,813 crore, the Delhi International Airport Limited (DIAL) got a brownfield airport for 60 years.
The projected earning capacity of this land (239.95 acres) in terms of license fee over the concession period of 58 years was indicated by Dial itself as Rs. 681.63 crores per acre in a letter to the joint secretary, aviation ministry.
The CAG also charged the Civil Aviation Ministry with violating the bid conditions for the benefit of DIAL to the tune of over Rs 3,415 crore and pressed for fixing of responsibility.
The current status shows that the development fee is continuously being charged by the passengers which ranges from Rs. 220 to Rs. 520 for domestic passengers and Rs. 490 to 1200 for international passengers.
What is DIAL?
DIAL is a joint venture consortium led by the GMR Group which was mandated by the Government to modernise Delhi airport. The other members of the consortium include Frankfurt Airport, Airports Authority of India (AAI) and Malaysian Airports.
The report said the OMDA allowed DIAL to use five per cent of the demised land for commercial exploitation. The current value of 9.50 acres as per AERA amounted to Rs 950 crore. The earning potential for 58 years from 9.50 acres based on DIAL's own projections was Rs 6,457 crore, it said.
RESULT:
This scandal has resulted in a loss on the part of both the farmers and the passengers. The farmers have lost their lands at cheap rates and the passengers have to pay the development fees. One thing that is true to this scandal is that it has resulted in loss of both the rich and the poor, flight passengers being the rich targets and farmers being the poor targets. In most of the cases it is the poor which are mostly affected. It is the duty of the Indian citizens to join hands against such scandals for the proper development of the Indian economy.A SCAM OF WORTH
RS 1,63,557 Crores....
by CONGRESS.
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