The only difference is in revenue loss, which the investigating agency CBI put at Rs.30,984 crore The Central Bureau of Investigation's first charge sheet in the 2G spectrum allocation scam is almost identical to what the Comptroller and Auditor-General of India (CAG) said, except for the figure of revenue loss, which the CBI has put at Rs.30,984 crore. The CBI agrees with the CAG Audit findings that the former Telecom Minister, A....
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Maharashtra way behind in budget transparency by Meena Menon
A study ranks States on availability of budget documents, completeness of information These States should adopt practices to improve public access to budget information They should also produce a key to budget documents and a statement on funds Maharashtra ranks seventh among 10 States in a study of transparency in State budgets released in February. The State plan does not provide much information on the Scheduled Caste sub-plan and does not share details of...
More »CAG raps Bihar for poor financial reporting, slack control system by Shoumojit Banerjee
Massive backlog in submission of Detailed Contingent Bills 1,021 cases of misappropriation, defalcation, theft amounting to Rs. 407.97 crore as of March 2010 Large number of unfurnished utilisation certificates for grants to the tune of Rs.4,527.77 crore The pendency of Detailed Contingent (DC) Bills, once a subject of a free-for-all in the Bihar Assembly last year, has popped up again in the Comptroller and Auditor-General's report tabled in the Assembly on Wednesday. The audit...
More »Govt isolated as SC agrees with CAG's 2G loss report by Dhananjay Mahapatra
The UPA-2 government had challenged the Comptroller and Auditor General's report that blew the lid off the 2G spectrum scam and its estimated loss of Rs 1.76 lakh crore, but the Supreme Court virtually endorsed the auditor's findings and said they tally with those of Central Bureau of Investigation. ( Read: CBI told to get special prosecutor for 2G case ) Presenting details of the CBI investigation to a bench comprising...
More »CAG's agri report slams MP govt by Shashikant Trivedi
The Comptroller and Auditor General (CAG) of India has cornered the state government, which had recently demanded a special package of Rs 2,500 crore for frost-hit farmers, in its report tabled in state Assembly today. The CAG has found gross irregularities, non-implementation of schemes, weak budgetary and expenditure controls in both original and supplementary budgets, rush of expenditure at the close of the financial year and underutilisation of central assistance. “The targets...
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