-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...
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CAG smells a rat in UPA's Rs 72k-cr farm debt relief scheme
-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...
More »Strict action if irregularities found in farm loan waiver: PM
-IANS Prime Minister Manmohan Singh Wednesday said stringent action would be taken, if any irregularities are found in the Rs. 52,000-crore farm loan waiver scheme of the United Progressive Alliance (UPA) government. "If irregularities are found, we will take stringent action," Manmohan Singh told Rajya Sabha. There was uproar in both houses of parliament as the Bharatiya Janata Party (BJP) and other parties raised the issue Wednesday. The Comptroller and Auditor General (CAG)...
More »Budget 2013: More power for taxmen faces stiff opposition-Remya Nair and Sahil Makkar
-Live Mint Evasion of duty of over Rs.50 lakh to be made non-bailable offence; arrest provisions under service tax proposed The government may find itself in hot water on budget proposals that make duty evasion beyond a certain threshold a non-bailable offence, allow arrest on suspected withholding of service tax, and provide tax authorities powers to recover dues from a defaulter’s bankers. Although finance minister P. Chidambaram in his budget presentation on 28...
More »A bigger helping for food Bill
-The Business Standard FM allocates Rs 10,000 cr to implement the programme; this is apart from the usual food subsidy requirement of Rs 80,000 cr for the year The most ambitious social security programme of the government, the National Food Security Bill, got a leg-up in the 2013-14 Budget, with Finance Minister P Chidambaram allocating Rs 10,000 crore for implementing it. This allocation is over and above the usual food subsidy requirement of...
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