-PTI CVC Commissioner says bankers need have no fear if their decisions are bonafide New Delhi: The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide. Vigilance Commissioner T M Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion...
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SC directs CAG to find how Rs 20,000 cr meant for workers' welfare has been spent
-PTI The court was hearing a PIL alleging that the statutory cess levied from real estate firms for the welfare of construction workers was not being utilised properly. Where has a whopping amount of Rs 20,000 crore, meant for workers’ welfare, gone? Spent on tea parties or vacation of officials? Even the Comptroller and Auditor General doesn’t know, wondered the Supreme Court. These posers were put to the Comptroller and Auditor General (CAG)...
More »Why Aadhaar cannot deliver anything it promises -Anupam Saraph
-The Economic Times Aadhaar came with a lot of promises. They were brought by some of the brightest in India. Aadhaar promises to remove duplicates and ghosts from government databases, deliver subsidies to beneficiaries, collect taxes, provide financial inclusion and eliminate corruption. Here is why it cannot deliver anything it promises. Aadhaar came with a lot of promises. They were brought by some of the brightest in India. Promise 1: Removing Fraud and Duplicates In...
More »CAG can now audit UP development authorities
-The Indian Express Govt orders 18-hr power supply to villages, all villages to be covered by 2019 THE STATE Cabinet on Tuesday decided to allow central audit agencies such as the Comptroller and Auditor General of India (CAG) to audit development authorities in the state, which included the Ghaziabad Development Authority (GDA). The previous Akhilesh government had denied permission to the CAG to audit GDA. In the second Cabinet meeting chaired by Chief...
More »I-T shames defaulters, but most are 'untraceable'
-The Times of India NEW DELHI: In its drive against tax defaulters, the income tax department published a full-page advertisement in newspapers on Saturday naming 29 individuals and companies, asking them to `pay tax arrears immediately'. Many of these entities are `not traceable' in the department's records or have no assets to recover. The total arrears against them amounts to around Rs 448 crore. It seems the biggest tax defaulters are yet to...
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