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Why just power? 6 more audits Kejriwal can initiate in 2014

The audit of power companies by the Comptroller and Auditor General (CAG) that Arvind Kejriwal, the new Chief Minister of Delhi, has initiated on the last day of 2013 could go well into 2014. Already, there are political noises around this audit – Congress supporters are saying that former chief minister had approved it in 2012, while the BJP is calling it “opportunistic politics”.
If the presumption of an audit of private companies is that the fall in transmission and distribution losses should have seen a commensurate cut in power bills in a system where regulation is being seen to be compromised, the audit is timely. If CAG’s investigations show that indeed there is some over-invoicing of costs to associate companies and the hike in tariffs is unfair, it would be a political economy victory for Kejriwal, whose Aam Aadmi Party (AAP) now aspires to go national. And if the audit comes up with no such expose, it would end this debate and move the spoilt capital towards paying user charges.
My column in Firstpost

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