The Union Ministry for Rural Development has set up a committee to consider afresh the suggestions made by the Comptroller and Auditor General of India (CAG) to strengthen the process of social auditing of expenditure under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and check corrupt practices. “Old game” Civil society leaders charge that the Ministry and the bureaucracy are at their old game of endlessly delaying the process by...

Comptroller and Auditor General (CAG) has asked the Centre to make an institutionalised audit system for job guarantee scheme with a key role for it. CAG said MGNREGA accounts should be audited in every district annually by Local Fund Audit or chartered accountants appointed by state governments, and they should be empowered to give orders on how to audit. CAG has demanded the right to audit MGNREGA accounts at the frequency...

On the fifth birth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) last Wednesday, UPA chairperson Sonia Gandhi admitted discrepancies in the biggest job guarantee scheme in the world. Gandhi, who is also National Advisory Council (NAC) chief, was referring to fake job cards, forged muster rolls and funds swindled by village heads, officials, etc. She was quick to pinpoint the course correction — a strengthened social audit....

The late Rajiv Gandhi famously, or infamously, once claimed that only 15 per cent of the funds allocated to welfare programmes ever reached the intended beneficiaries. The rest leaked enroute, entering the pockets of an assortment of intermediaries. This is a thought that the Union finance minister must always remember, especially when he sits down to allocate funds for an assortment of subsidies and some of the high-profile spending programme...

Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...