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Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur

-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts Audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...

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Few takers among women for RTI -Partha Sarathi Biswas

-The Indian Express This is reflected in YASHDA’s 3-month certificate course on RTI, which hardly has any women Even as the Right to Information, (RTI) Act 2005 is being wielded as a transparency tool, authorities at Yashwantrao Chavan Academy of Development Administration (YASHDA) say women have not being using it as they should. Former Central Information Commissioner (CIC) - a key player in the whole RTI process - Shailesh Gandhi too said...

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Beneficiaries to Audit rural job scheme works-T Ramakrishnan

-The Hindu They will be involved in the exercise in panchayats other than their own Chennai: Beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are going to be involved in carrying out social Audit of works of the MGNREGS from April 1. To ensure that there is no conflict of interest, they will be engaged in the Audit of village panchayats other than theirs. For each village panchayat, five persons...

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World Bank Unmoved on Auditor’s Criticism of Forest Policy -Carey L Biron

-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s Auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...

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RIL stalls CAG Audit yet again -Sujay Mehdudia

-The Hindu It has been insisting that the Audit of KG-DWN-98/3 block not be made public Emboldened by the stagnation in the arbitration proceedings, the Mukesh Ambani-owned Reliance Industries Limited (RIL) has once again stalled the Audit of KG-DWN-98/3 block by Comptroller and Auditor General (CAG) by refusing to furnish records, financial accounts and SAP access for the KG D6 block for the 2008-12 period on various grounds. It is learnt that RIL...

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