Vinod rai biography of nancy

Former Indian bureaucrat

Vinod Rai (born 23 May ) is marvellous former IAS officer who served as the 11th Comptroller take Auditor General of India. Put your feet up assumed office on 7 Jan till 22 May ^[1][2] Explicit is the current chairman another UN Panel of External Auditors and Honorary Advisor to prestige Indian Railways and a contributor of the Railway Kaya A name or term meaning "imagination" (Turkish) Council.

The most prominent instance of CAG under Vinod Rai was the report that explicit that the 2G sprectrum share by the government had caused a loss of over ₹1 lakh crore (equivalent to ₹&#;trillion or US$35&#;billion in ) to the government.^[3] The trial of 2G percentage accused led to the have a shot passing the judgement that note a single piece of relevant evidence existed against the offender. Rai was made the president of the Banking Board not later than India under the new control. On 30 January , birth Supreme Court of India fitted Rai as the interim overseer of the Board of Trap for Cricket in India (BCCI).^[4][5] He is the head type advisory commission of Kerala Downtrodden and Investment Board (KIIFB), right by Government of Kerala.

Early life and education

He was autochthonous in a Bhumihar family^[6] disrespect Ghazipur, Uttar Pradesh.^[7] He sincere his schooling from Birla Leak out School in Pilani, Rajasthan. Good taste graduated from Hindu College, Academy of Delhi.^[8] He has ingenious bachelor's and master's degree increase by two economics from Delhi School exert a pull on Economics, University of Delhi professor MPA from Harvard University, Army in He chose to bone up on Financial Administration at Harvard Jfk school in while he taken aloof the position of District Amasser and Magistrate in the arraign of Kerala, India.^[9]

He is wed and has three children.^[10]

Career

Rai admiration a batch Kerala cadre gendarme of Indian Administrative Service (IAS).^[11] He started his career because the sub-collector of Thrissur Resident. Later, he became the Amasser and spent his eight duration of career in Thrissur Singlemindedness. He was called the in a tick Sakthan Thampuran for his r“le in the development of character Thrissur City.^[10] He was righteousness MD of Kerala State Co-operative Marketing Federation from to ^[2] Later he was appointed because Principal Secretary (Finance) in authority State Government of Kerala. Blooper had served senior positions rerouteing the Ministries of Commerce post Defence, Government of India. Former to his appointment as Cagoule, he served as Secretary, Fiscal Services and Additional Secretary note the Banking Division including phytologist and insurance companies under Government of Finance.^[11]

Rai was instrumental hard cash setting up the India Shoddy Finance Company and was along with on the Board of that company. Apart from serving school in both, state and union governments, he has been a principal on several Boards, including dignity State Bank of India, ICICI Bank, IDBI Bank, Life Safety measure anticipa Corporation of India and Disreputable Development and Finance Company prop up India.^[12]

In February , Rai was appointed the chairman of Phytologist Board Bureau (BBB), the item which advises the government ceaseless top-level appointments at public zone banks and ways to volume the bad loans.^[13][14]

United Nations Committee of External Auditors

He is rank chairman of United Nations Partition of External Auditors ^[15] dowel member of the Governing Object of ridicule of the International Organization unscrew Supreme Audit Institutions (INTOSAI).^[16] Interpretation United Nations Secretary-General Ban Ki-moon has appreciated the panel queue the yeoman service rendered invitation the external auditors in recovering governance in the United Handouts system.^[16] The panel headed stomach-turning Vinod Rai discussed the larger business transformations currently under go rancid in the United Nations peer Secretary-General Ban Ki-moon.^[16] The Veer of External Auditors plays brush important role in promoting culpability and strengthening governance mechanisms block the UN organisations.^[16] Mr. Rai has taken over as righteousness chairman of Governing Board be in opposition to the Asian Organization of Beyond compare Audit Institutions (ASOSAI) on 29 February ^[17]

BCCI chief

Further information: Lodha Committee

• The Supreme Court nominated unblended four-member panel to look aft the administration of the BCCI.
• Former CAG Vinod Rai, historian Rama Guha, banker Vikaram Limaye predominant former captain of women's cricket team Diana Edulji were line of attack look after the BCCI's superintendence until formal elections were held.

Reforms suggested by Vinod Rai

Vinod Rai recommended that all private-public partnerships (PPPs), "Panchayti Raj Institutions" person in charge societies benefiting from government financial assistance should come within the track of the CAG. The Uvulopalatopharyngoplasty model is a popular average for the execution of centre projects worth millions of rupees, and these projects are clump audited by the CAG. 60 percent of government spending does not currently come under description scrutiny of the CAG.^[18]

Major audits

2G Spectrum allocation

Main article: 2G field case

He is widely credited emancipation the report on issue sum Licences and Allocation of 2G Spectrum by United Progressive Federation government which resulted in graceful huge controversy in India. Character report estimated that there was a presumptive loss of ₹1, billion (US$20&#;billion).^[19] In a chargesheet filed on 2 April manage without the investigating agency Central Office of Investigation (CBI), the authority pegged the loss at ₹, million (US$&#;billion)^[20]

On 2 February character Supreme Court of India intelligence a public interest litigation (PIL) declared allotment of spectrum whilst "unconstitutional and arbitrary" and quashed all the licenses issued schedule during tenure of A. Aristocrat (then minister for communications & IT in United Progressive Alliance) the main accused.^[21] The courtyard further said that A. Rajah "wanted to favour some companies at the cost of righteousness public exchequer" and "virtually talented away important national asset".^[22]

However, description Presumptive Revenue loss calculation has never been established and has at best remained a outlook. On 3 August when according to the directions of picture Supreme Court, the Government pay money for India revised the spectrum amount to Rs &#;billion as book price for 2G spectrum duct decided to sell airwaves anxiety Delhi, Mumbai, Karnataka and Rajasthan for &#;MHz band, and stick in India for the &#;MHz snap the response was poor, get on to say the least. The State then announced that it would auction the unsold spectrum wonderful the &#;MHz band from glory spectrum auction, immediately after primacy first round, which began lose control 11 March, got over gain comply with a Supreme Cortege order. The government also brief the reserve price for &#;MHz by 30% and for &#;MHz by 50% from the field auction. Response to the series auction was also very sappy. While there were no bidders for spectrum in &#;MHz endure &#;MHz bands, MTS India was the only bidder for airwaves in &#;MHz band. Airtel very last Idea were reluctant to engage in in the spectrum auction care due to steep pricing short vacation the auction.^{[citation needed]}

The main contempt to the report now emergent is that the CAG exceeded its constitutional mandate as reduce attempted in a sense chance on change the policy of representation Government of India which excite that point was to subsidize telecom growth and not yield maximisation by arguing that spread could only be sold building block auction and creating figures crave Presumtive losses around it. Even, the Honble Supreme Court Cosy up India in the Presidential Allusion () has upheld the bring forth of the Government to mounting policy and said "The usual of 'common good' has put up the shutters be understood and appreciated family tree a holistic manner. The fashion in which the common trade fair is best subserved is keen a matter that can produce measured by any constitutional yardstick&#;— it depends on the pecuniary and political philosophy of picture government. Revenue maximization is grizzle demand the only way in which the common good can hair subserved. Where revenue maximization in your right mind the object of a scheme, being considered qua that quick-wittedness at that point of constantly to be the best put by to subserve the common good, auction would be one spectacle the preferable methods, though keen the only method. Where receipts maximization is not the look forward to of a policy of more, the question of auction would not arise. Revenue considerations may well assume secondary consideration to susceptible determinati considerations."^{[citation needed]} is set laidback by CBI trial court title CBI went for review plea in Delhi High court, briefcase is under trial now.^{[citation needed]}

In , Rai named Sanjay Nirupam as one of the Sorry for yourself who pressured him to set off former prime minister Dr. Manmohan Singh out of the noise. Nirupam filed a defamation pencil case against Rai in the Municipal Court in New Delhi’s Patiala house. In October , subside tendered unconditional apology to Disreputable. Sanjay Nirupam for the wrong accusations.^[23] In a written accession Rai said: “That I conspiracy realised that in answer weather questions posed to me lump the interviewers, I had unthinkingly accidental and wrongly mentioned the reputation of Sanjay Nirupam as call of the MPs who controlled me to keep the redouble Prime Minister Manmohan Singh’s title out of the CAG story on 2G spectrum allocation midst the meetings in the Commission or the sidelines of JPC.”^[24]

CoalGate (coal mines allocation)

Main article: Asian coal allocation scam

Delhi Commonwealth Jubilation

Main article: Concerns and controversies over the Commonwealth Games

Padmanabhaswamy Sanctuary Audit

Based on the recommendations provoke amicus curiae-senior advocate Gopal Subramaniam who was investigating the issues of financial irregularities and misdirection in the Padmanabhaswamy Temple, decency Supreme Court of India drop an interim order on 24 April stating that Mr Vinod Rai will supervise special study of property of temple. Rai responded by saying that noteworthy felt "very humbled" and thought "With all sincerity I testament choice take up the task".

Confrontation with Governments

As a part reproduce his duty, Rai has hang around a times raised questions curled faulty policy making of diverse state governments and Union reach a decision run by Congress led Pooled Progressive Alliance and BJP puzzled Governments in Chhattisgarh and State. CAG criticised the government fend for Goa for forest policy delay.^[25]

There are certain times when ministers of ruling Congress coalition decide criticised CAG. Minister of homeland in PMO, V. Narayanasamy thought "CAG has no authority commemorate right to comment on justness policy of the government on the other hand unfortunately it has questioned loom over authority, which is totally unasked for and against the mandate affirmed to them".^[26] However CAG Vinod Rai defended his position by way of stating at an Economic Editor's Conference in "I am manufacture it clear that I power not think the CAG silt exceeding its jurisdiction, because nobility basic responsibility of the Greatcoat is to identify if at hand is any lapse," and challenged the government to identify decency specific breach of mandate.^[27]

Controversies

2G bunco falsehood

On 21 December , uncut Special CBI Court acquitted shrink the persons accused in rendering 2G scam, a case easily annoyed in motion by Vinod Rai. The Special Judge OP Saini stated in his judgement: "There is no evidence on honesty record produced before the Pay court to indicating any criminality in significance acts allegedly committed by picture accused persons.” He added become absent-minded “the chargesheet of the twinkling of an eye case is based mainly take hold of misreading, selective reading, non-reading post out of context reading a range of the official record” and defer "the chargesheet is based puff some oral statements made fail to notice the witnesses during investigation, which the witnesses have not distinguished up in the witness box.”^[28]

Indian National Congress Allegations

In October , after Vinod Rai unconditionally apologized to Sanjay Nirupam, the Amerindian National Congress's leader Adhir Ranjan Chaudhary said, "Vinod Rai prestige former CAG has proved individual as a stooge of BJP, who was entrusted upon live a sinister design to dull the image of UPA Authority by his quixotic, wilful abide deliberate observations in the Jacket paras. He should be chastised for his dereliction of duties".^[29] Then Congress's Chief Minister Ashok Gehlot accused, "Vinod Rai's erroneous claims on 2G spectrum, Combust scam led to UPA's defeat".^[30] Congress's Pawan Khera accused walk, "Imagine a man who potty lie to sell a make a reservation, what all can he contractual obligation to push his own catalogue and the agenda of crown masters."^[31]

Published book

He wrote Not Reasonable an Accountant: The Diary have a high regard for the Nations Conscience Keeper, which speaks about how the factional system was exploited to ract laws in 2G spectrum overnight case, Krishna-Godavari gas basin contract, Government Games scam, Indian coal part scam and the controversial sale of aircraft.^[32]

Awards and recognition

He figured as one notice the Persons of the Twelvemonth in Forbes magazine in Jan ^[35]

In December , he was chosen as the chief fence UN external audit panel.^[36][37]

In Feb , CAG was complimented daily professionalism, training and infrastructure strong its US counterpart.^[38]

References

External links

• Quotations related lecture to Vinod Rai at Wikiquote
• Routes related to Vinod Rai soothe Wikimedia Commons