-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state finances...
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CAG report puts Delhi government hospitals in a dock
-PTI The condition of government hospitals in Delhi drew a sharp criticism from Comptroller and Auditor General (CAG), which, in its report found several glaring shortcomings like unavailability of blood banks in five hospitals. The CAG today painted a sorry state of affairs at government hospitals in the national capital in its report for the fiscal year ending March 2012, which was tabled in Delhi Assembly. The government auditor said that scrutiny of...
More »Sticky food inflation a combination of fiscal indiscipline, rural wages, global factors -Sanjeeb Mukherjee
-The Business Standard Ashok Gulati in a paper also gave measures to contain the inflation As India's food inflation continues to remain stubbornly high - it was in double digit for the third straight month in February 2013 at 11.38% - a discussion paper floated by eminent agriculture economist and chairman of Commission for Agriculture Costs and Prices (CACP) Ashok Gulati has blamed high fiscal deficit, rising farm wages and global food...
More »Cash transfer of subsidy could save Rs 60,000 crore: Study -Surojit Gupta
-The Times of India Direct transfer of benefits in cash to targeted beneficiaries of food and fertilizer subsidies could save an estimated Rs 60,000 cr and help trim the fiscal deficit which, in turn, may calm stubbornly high food inflation, a study by a government wing has shown. The study showed that policies to rein in food inflation would require winding down of the fiscal deficit, which has gone above 8% of...
More »Govt plans law to ensure 22.5% spending on dalits, tribals -Subodh Ghildiyal
-The Times of India The Centre is mulling a law to ensure that 22.5% of the Union Budget is exclusively spent for dalit and tribal welfare, a move seen as an outreach to the Congress support base that is bristling at the party's failure on the flagship demand to restore reservation in promotions. A law on dalit and tribal sub-plans would go beyond the symbolic to bind the government to...
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