-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...

-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)...

-The Hindu We need a legal mechanism to ensure that all generics are of the same standard as the innovator product The Prime Minister’s recent announcement on making it mandatory for doctors to prescribe only the generic name, and not brand name of a drug, has led to a flutter. If enacted, the move will make it illegal for Indian doctors to write out a prescription for the trademark of the drug,...

-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...

-The Hindu Auditor denied access to GST Network The crucial question about how and where auditors should get access to GST data continues to hang fire, even as hundreds of CAG auditors are being put through specialised training in anticipation of the implementation of the new tax regime from July 1. Various government officials, including ministers, have been insisting that the proposed tax regime will come into force as scheduled. The GST Network...