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...

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...

The attempt of the Central Information Commission (CIC), the final appellate authority for implementation of Right to Information (RTI) Act, to bring transparency in the functioning of government departments through voluntary disclosure of information on websites has come a cropper. Of the 1,600 public authorities (government departments, apex bodies, autonomous organisations and ministries) listed by the Commission, only 125 have obeyed its directive and appointed transparency officers. The macro picture...

Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...

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....