-The Economic Times The government is pushing ahead with long-awaited reforms to boost finances of cash-strapped power utilities and to reduce food subsidy by raising the price of sugar in ration shops, but the cabinet meeting to consider these moves has been deferred to next week. Sources said the government was also considering a proposal to increase the dearness allowance for central government employees by about 7%. This should come as a...
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PM's assets have not increased, only value gone up: PMO
-PTI Prime Minister Manmohan Singh's assets have not increased since last year but their value has gone up, his office said on Monday. "The assets are the same but their valuation has gone up as the assessment has been done, for the first time, by a government-approved valuator," a PMO spokesman said. The clarification came after the Prime Minister declared the value of his assets as Rs 10,73,88,730.81, which is double the...
More »PM's Assets Around Rs 10.73Cr, Colleagues Richer
-Outlook Prime Minister Manmohan Singh has assets worth around Rs 10.73 crore, double that of last year, but a number of his cabinet colleagues are much richer than him. Among the richer cabinet ministers are Praful Patel with assets of approximately Rs 52 crore, Sharad Pawar with property worth around Rs 22 crore and M K Azagiri with Rs 9.50 crore, according to updated list of assets of the ministers posted on...
More »Don’t undermine the auditor -Era Sezhiyan
-The Hindu When the draft provisions relating to the Comptroller and Auditor General were under consideration in the Constituent Assembly, Dr. B.R Ambedkar, Chairman of the Drafting Committee, said: “I am of the opinion that this dignitary or officer is probably the most important officer in the Constitution of India. He is the one man who is going to see that the expenses voted by Parliament are not exceeded, or varied from what has been...
More »Centre admits giving inaccurate information to Rajya Sabha on auction advice -Dhananjay Mahapatra
-The Times of India In a major embarrassment, the Centre on Thursday admitted to have inaccurately informed the Rajya Sabha on August 9 that it had accepted Ashok Chawla Committee's recommendation to take the auction route for allocation of natural resources. The government told the Supreme Court that the finance ministry was taking steps to correct the information given to Rajya Sabha on Chawla Committee recommendations, which were still under consideration and...
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