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Sloppy loan waiver edges out deserving farmers: CAG-Gargi Parsai

-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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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)...

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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...

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Loan waiver package: Financial services dept pulled up

-The Hindustan Times The Comptroller and Auditor General has pulled up the department of financial services (DFS) for not properly monitoring the implementation of the Rs.52,000-crore debt waiver package. The DFS, under the finance ministry, depended completely on nodal agencies for monitoring the scheme that was announced by finance minister P Chidambaram in the 2008-09 budget, the report said. But, following the issue of the draft audit report, the ministry asked the RBI...

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Lapses in Rs 53 K Cr Farm Debt Waiver Scheme: CAG

-Outlook Expressing serious concern over the implementation of Rs 52,000-crore farm Debt Waiver Scheme, government auditor CAG today said in several cases ineligible farmers were given benefit while deserving ones were left out. Comptroller and Auditor General (CAG) has also found instances of tampering of records and pulled up the Department of Financial Services (DFS) in the Finance Ministry for deficient monitoring of the multi-crore scheme. "Overall, the Performance Audit revealed that in...

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