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...

After Raja, Behura and Chandolia, the heat's now on the new 2G licencees which have benefited from the telecom scam. Fear stalks the telecom industry that the CBI may now zero in on promoters and senior executives of some companies. The CBI FIR of October 2009 says, "Certain officials of DoT entered into a criminal conspiracy with certain private persons/companies and misused their official position in grant of Unified Access Service...

The Manmohan Singh government has moved in to restore the role of civil society groups in conducting the social audit of the Mahatma Gandhi National Rural Employment Guarantee Act in an attempt to weed out corruption from various levels. The Rural Development Ministry is in consultation with the Comptroller and Auditor General to remove the lacuna that had cropped up after social audit rules were amended in 2009 to eliminate...

The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...

A Delhi court has summoned Comptroller and Auditor-General (CAG) of India Vinod Rai to appear before it on February 5 as a witness on a complaint by Janata Party president Subramanian Swamy, seeking the prosecution of the former Telecom Minister, A. Raja, in the 2G spectrum allocation scam. Special CBI Judge Pradeep Chaddah also asked another CAG official, R.P. Singh, to appear at the Tis Hazari court on that day to...