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Loss figure not sacrosanct, we are open to debate: CAG-Pradeep Thakur

-The Times of India The estimate of Rs 1.86 lakh crore mentioned in the CAG report on Coalgate as "windfall gains" to private players who bagged coal mines allocated by the government without bidding is not sacrosanct, according to senior sources in the auditing agency. "We have never claimed that our estimate is not open to debate," sources said, adding that even the expression "windfall gains" was not that of the auditor....

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CAG estimates: Our likely loss Rs. 38,00,00,00,00,000

-The Hindustan Times Indian Taxpayers may have lost as much as Rs. 3.8 lakh crore in scams in the power, aviation and coal sectors over the past eight years, the country's state auditor said in reports tabled before Parliament. The Comptroller and Auditor General charged the government with allotting coalfields and land for power projects and Delhi’s airport to private firms at a fraction of the market price, bringing the corruption issue...

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Activist finds holes in RTI rules-Sugandha Pathak

-Deccan Herald Proposed amendment criticised for being harsh on applicants A proposed amendment in the Right to Information Act may end up diluting the Act, according to an RTI activist.  The amendment will make it mandatory for an appellant to be present in person or send a representative during case hearing by the Centre of Information Centre (CIC). “The appellant may be present in person, through an authorised representative or through video conferencing at...

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Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report-Vidyalaxmi

-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...

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Orissa: CAG finds ghost workers, bungling in NREGS-Debabrata Mohanty

Bhubaneswar : A year after the CBI probed into the irregularities across six districts of Orissa, a special performance audit of the implementation of the NREGS programme by the Comptroller and Auditor General has found misappropriation of funds through ghost workers, uneconomic execution of the works, delay in payment, and irregular maintenance of records still plaguing the scheme. The Supreme Court last year ordered a CBI probe following a writ petition...

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