-The Times of India The estimate of Rs 1.86 lakh crore mentioned in the CAG report on Coalgate as "windfall gains" to private players who bagged coal mines allocated by the government without bidding is not sacrosanct, according to senior sources in the auditing agency. "We have never claimed that our estimate is not open to debate," sources said, adding that even the expression "windfall gains" was not that of the auditor....
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Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report-Vidyalaxmi
-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...
More »Orissa: CAG finds ghost workers, bungling in NREGS-Debabrata Mohanty
Bhubaneswar : A year after the CBI probed into the irregularities across six districts of Orissa, a special performance audit of the implementation of the NREGS programme by the Comptroller and Auditor General has found misappropriation of funds through ghost workers, uneconomic execution of the works, delay in payment, and irregular maintenance of records still plaguing the scheme. The Supreme Court last year ordered a CBI probe following a writ petition...
More »Rio+20 summit must move world beyond 'grow now, clean up later'-Connie Hedegaard
-The Guardian The Earth summit has to ensure sustainability is at the heart of growth models – the swelling global population depends on it Growth in itself is neither our enemy nor our problem. But what kind of economic growth do we need? And do we want growth at any cost? A child born today is one of seven billion people on Earth, and during its lifetime will see the world's population grow...
More »Planning Commission deputy chairman Montek Singh Ahluwalia defends Rs 35L spent on toilets-Abheek Barman
While the government wants India to tighten its belt, the Planning Commission can afford to, well, flush with cash. On Wednesday, Commission chief Montek Singh Ahluwalia said that Rs 35 lakh spent on two toilets in his office was not public money down the drain. Ahluwalia explained that these were not toilets, but "toilet complexes." Each of these complexes can accommodate 10 people at a time. He did not specify whether taxpayers would...
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