India’s national controller, Comptroller and Auditor General (CAG), has criticised State-run miner NMDC for setting production targets that do not correlate with market trends and for failing to do complete due diligence before taking up domestic and international projects. In an audit report tabled in Parliament, the CAG observed that the miner set production targets without due cognisance of prevailing market conditions and, at times, with no correlation to declining domestic and international prices.
