-The Indian Express The auditor also pointed out that there was no provision in the scheme for purchase of laptop bags and mugs. Chandigarh: Finding loopholes in the implementation of Beti Bachao-Beti Padhao (BBBP) campaign launched by Prime Minister Narendra Modi in 2015, the Comptroller and Auditor General (CAG) found diversion of funds meant for the campaign in Panipat district. According to CAG’s latest report, over Rs 3 lakh were spent on “preparation”...
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Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
More »India's global ranking hit because of unspent anti-sex selection funds in Uttar Pradesh -Alison Saldanha
-Scroll.in/ IndiaSpend.com The country’s child sex ratio fell from 962 girls per 1,000 boys, to 914 girls per 1,000 boys in 2011. The Uttar Pradesh government has left unspent about half the funds it was allocated to curb sex selection, according to a recent report of the Comptroller and Auditor General of India. This, in turn, has impacted India’s position in global gender indices. Uttar Pradesh, India’s most populous state, also records the...
More »Tax on farm income should be limited to growers' with large land holdings: Study -Sanjeeb Mukherjee
-Business Standard Exemptions granted on agri income and subsidies provided by the Centre and states are being cornered by big farmers and corporates The Comptroller and auditor general’s proposed audit of exemptions granted to big corporates, companies and even farmers under the head of agriculture incomes has once again rekindled the debate as to whether farm incomes derived from big companies and large farmers should be taxed. According to an analysis done by...
More »CAG lens on entities avoiding tax with ?farm income? claim -Pradeep Thakur
-The Times of India NEW DELHI: The comptroller and auditor general has initiated an audit of entities claiming tax exemption on agricultural income amid suggestions from some political parties and income tax authorities that a blanket exemption be done away with and tax be levied after a threshold. The auditor has written to the finance ministry seeking details of entities which have declared agricultural income and the amount of tax exemption...
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