All rural schemes will also get a common accounting format; audit to begin with MGNREGS in 12 states At a time when the government is reeling under a number of corruption cases—several of these following critical reports from the Comptroller and Auditor General of India (CAG)—the ministry of rural development has roped in the statutory auditor to conduct a financial, compliance and performance audit of its schemes. All schemes of the ministries...
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Putting Growth In Its Place by Jean Dreze and Amartya Sen
It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...
More »Naveen puts assets of all ministers online
-The Indian Express Ahead of the panchayat polls, Orissa Chief Minister Naveen Patnaik has declared his and his ministerial colleagues’ assets. With movable and immovable properties worth Rs 11.99 crore, Patnaik is the richest among all his ministerial colleagues. The assets were posted on the CM office web site Friday night. Patnaik was followed by Doon School mate AU Singh Deo, who had properties worth Rs 4.8 crore. Urban Development Minister Sarda Prasad...
More »CAG to monitor spending of all rural, potable water schemes: Jairam Ramesh
-PTI The Comptroller and Auditor General (CAG) will now scrutinise all the schemes of Rural Development Ministry and Ministry of Drinking Water and Sanitation, Union Minister Jairam Ramesh said today. Announcing the decision, Ramesh said the two Ministries annually spend Rs 88,000 crore which is the single largest amount of public expenditure other than Defence and it is very important to have CAG audit in the Ministry schemes for ensuring accountability and...
More »India 'most improved' in bribery index by Stephen Brown
-Reuters Chinese and Russian firms are the most likely to pay bribes while operating abroad, and the most corrupt sectors are public works contracts and construction, according to Transparency International's latest "Bribe Payers' index". China and Russia rank bottom, in 27th and 28th place respectively, in the 2011 index released on Wednesday, while the Dutch, Swiss, Belgians, Germans and Japanese get the top scores. Britain and the United States rank eighth and...
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