-The Times of India NEW DELHI: The Delhi high court on Monday gave nod to the comptroller and auditor general (CAG) to audit the accounts of private telecom companies. CAG got the crucial assignment after getting the mandate to audit power distribution companies from the Arvind Kejriwal-led Delhi government. A bench of justices Pradeep Nandrajog and V Kameswar Rao permitted the top accounting body to conduct audit of private telecom companies under the...
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After discoms, CAG may get job of auditing telecos -Abhinav Garg
-The Times of India NEW DELHI: After getting the mandate to audit power distribution companies from Arvind Kejriwal led Delhi government, the comptroller and auditor general may well get another crucial assignment on Monday, if the Delhi high court agrees with its stand. HC is expected to deliver a landmark verdict to decide if CAG has the jurisdiction/powers to audit accounts of private telecom companies. A division bench of Justice Pradeep Nandrajog...
More »Reading the expenditure leaf -Surabhi
-The Indian Express With just weeks before the Vote on Account to be tabled in Parliament the expenditure numbers of the government are looking challenging. The fiscal deficit has already touched 94 per cent of the full year target of Rs 5,42,499 crore between April- November 2013 and while the sluggish pace of Revenue Receipts is evident, movements in expenditure needs to be assessed carefully. Total expenditure has crossed Rs 10,00,000 crore mark...
More »Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
More »The focus is now on the fiscal deficit -Renu Kohli
-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...
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