The Comptroller and Auditor General (CAG) of India had earlier raised objections in this regard. (Express Photo by Vasant Prabhu) The Comptroller and Auditor General (CAG) of India had earlier raised objections in this regard. (Express Photo by Vasant Prabhu)THE state government undervalued public lands in the upscale island city of Mumbai, which caused the state exchequer a loss of several crores, a report of the Public Accounts Committee (PAC) of the state legislature claims. Slamming the state administration, the report states that the ready reckoner values for the lands were determined on the basis of 1 FSI. The report states that the state’s Revenue department had accepted the lapse.

Source: Indian Express August 12, 2017 21:11 UTC