-NDTV The report of the government's auditor - the Comptroller and Auditor General - has been tabled in Parliament. Among those it faults for mismanagement are Delhi Chief Minister Sheila Dikshit and the Lieutenant Governor Tejinder Khanna. These are the highlights of the 800-page report: * There are 33 audited entities; 33 chapters, 743 pages * The unique challenge of monitoring activities of multiple agencies should have been met...
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Amid flak, railways earns kudos from CAG by Mahendra Kumar Singh
A rare praise for the UPA government in the 743-page CAG report on the Commonwealth Games was courtesy Railways. Applauding the work done by the state-run transporter, the government auditor mentioned that all the major activities relating to the makeover of New Delhi Railway Station were completed before the Games and within the budget. Though the CAG in its initial review of rail projects in January-February 2010 revealed substantial delay at every...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Food law delay talks grow as political differences persist by Prabha Jagannathan
The food ministry seems to have given up the hope of seeing the Food Security Bill passed into a law this financial year. But the delay in the rollout of one of the government's most ambitious welfare schemes will surely bring joy to mandarins at the North Block , who have been battling to rein in the government's expenditure. The food security law, which envisages subsidized grains for at least...
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