-The Hindu   “In a world of growing complexities and uncertainties, not every decision by the government is likely to be the most optimal. The possibility of institutional failures, oversight and ignorance impacting the decision-making process cannot be ruled out,” said Finance Minister Pranab Mukherjee. He was addressing a concluding function here on Wednesday to mark the celebration of 150 years of the Comptroller and Auditor-General of India (CAG). Mr. Mukherjee pointed out that...

Opposes changes in bid norms, extra land acquisition and move to allow bidders to develop more than one UMPP The government’s auditor has come down hard on irregularities in the government’s policy on so-called ultra mega power projects, or UMPPs. The report of the Comptroller and Auditor General of India (CAG), parts of which have been seen by Mint, is with the power ministry for its comment, and could cause further embarrassment...

-PTI   The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors. Appearing before the Joint Parliamentary Committee (JPC) going into the 2G issue, RP Singh, the then Director General, Audit (Post and Telecommunication), said quantification of loss was not part of...

All rural schemes will also get a common accounting format; audit to begin with MGNREGS in 12 states At a time when the government is reeling under a number of corruption cases—several of these following critical reports from the Comptroller and Auditor General of India (CAG)—the ministry of rural development has roped in the statutory auditor to conduct a financial, compliance and performance audit of its schemes. All schemes of the ministries...

-The Economic Times   The Centre's flagship rural employment programme will soon come under the scrutiny of the national auditor, which will look into its implementation in the 12 states that receive the largest share of funds. The Comptroller and Auditor General of India will scrutinise the expenditure and outcome of the public works initiated under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in these states over the past five...