The UPA-2 government had challenged the Comptroller and Auditor General's report that blew the lid off the 2G spectrum scam and its estimated loss of Rs 1.76 lakh crore, but the Supreme Court virtually endorsed the auditor's findings and said they tally with those of Central Bureau of Investigation. ( Read: CBI told to get special prosecutor for 2G case ) Presenting details of the CBI investigation to a bench comprising...

The Comptroller and Auditor General (CAG) of India has cornered the state government, which had recently demanded a special package of Rs 2,500 crore for frost-hit farmers, in its report tabled in state Assembly today. The CAG has found gross irregularities, non-implementation of schemes, weak budgetary and expenditure controls in both original and supplementary budgets, rush of expenditure at the close of the financial year and underutilisation of central assistance. “The targets...

Representatives of Swan Telecom, Reliance, Airtel and Unitech also told to appear before it The Public Accounts Committee (PAC), headed by Murli Manohar Joshi, has summoned corporate lobbyist Niira Radia and Tata Group Chairman Ratan Tata for questioning on April 4 on purported irregularities in the grant of telecom licences. The PAC has also asked representatives of Swan Telecom, Reliance, Airtel and Unitech to appear before it. A Tata spokesperson said Mr....

The social audit of schemes under the Mahatma Gandhi National Rural Employment Gurantee Act (MGNREGA) now permits the involvement of outsiders in the process as facilitators. A new set of rules framed by the ministry of rural development for such audits has been approved. Christened Mahatma Gandhi National Rural Employment Gurantee Audits of Schemes Rules 2011, the rules ensure the audit process is independent of agencies implementing the scheme and the...

To facilitate larger lease holdings of land for agro-based units The amendment allows the lease period for 15 years instead of five years Accounts of the panchayati raj institutions placed under the purview of CAG Rajasthan has amended its tenancy laws to facilitate larger lease holdings of agricultural land for longer periods by entrepreneurs who are interested in setting up agro-based products. The move takes into account the big potential the State has...