-The Business Standard Asks banks to take immediate action against officials responsible for lapses A day after a Comptroller and Auditor General of India (CAG) report pointed out irregularities in the Rs 71,680-crore agricultural debt waiver and debt relief scheme of 2008, the Reserve Bank of India today swung into action. It asked lenders to verify all the accounts granted benefits under the scheme. RBI said administrative and accounting lapses on the part...

-The Hindu Evidence of tampering with, overwriting & alteration of records The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, pointed out that several ineligible farmers were favoured and a large number of deserving small and marginal farmers left out in implementation of the United Progressive Alliance’s much-touted Rs. 52,000-crore farm loan waiver scheme. The scheme, meant to help indebted farmers in districts where suicides occur, was so...

-The Hindustan Times The Comptroller and Auditor General has pulled up the department of financial services (DFS) for not properly monitoring the implementation of the Rs.52,000-crore debt waiver package. The DFS, under the finance ministry, depended completely on nodal agencies for monitoring the scheme that was announced by finance minister P Chidambaram in the 2008-09 budget, the report said. But, following the issue of the draft audit report, the ministry asked the RBI...

-The Business Standard Report says ineligible farmers given benefits In a fresh blow to the United Progressive Alliance (UPA), the Comptroller and Auditor General of India has rapped the finance ministry over allegedly serious lapses in implementation of the Rs 71,680-crore agricultural debt waiver and debt relief scheme — a major plank on which the coalition had contested the 2009 general elections. A report tabled in Parliament today showed CAG, after auditing 22.32...

-PTI The BJP alleged there was a "big scam" worth Rs 10,000 crore in the implementation of the scheme and demanded strict action against those responsible Expressing serious concern over the implementation of the Rs 52,000-crore farm debt waiver scheme, government auditor Comptroller and Auditor General (CAG) on Tuesday said in several cases ineligible farmers were given benefit while deserving ones were left out. The CAG has also found instances of tampering of...