-The Hindu Rajya Sabha returns Aadhaar Bill to Lok Sabha with Opposition amendments . Even as the Opposition aired its concerns over the possibility of mass surveillance, Parliament passed the controversial Aadhaar Bill, 2016, after acrimonious debates in both Houses. In a day marked by high drama, hours after the Opposition succeeded in pushing through five amendments to the Bill in the Rajya Sabha, they were rejected in the Lok Sabha. The amendments...
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Telcos cheated government of Rs 12,400 crore: CAG
-The Times of India NEW DELHI: The Comptroller and Auditor General (CAG) has claimed that six major telecom companies - Reliance Communications, Tata, Airtel, Vodafone, Idea and Aircel - have allegedly understated gross revenue of over Rs 46,000 crore for a period between 2006-07 and 2009-10 and denied the government its share of income which has been estimated at more than Rs 12,400 crore. Different from its earlier report on the 2G...
More »Be cautious on new accounting system: CGA -TCA Sharad Raghavan
-The Hindu The new method provides a more accurate picture of a company's financial position. It is also more complex, expensive and time-consuming. The Controller General of Accounts has asked the government to be careful in adopting the accrual method of accounting considering the costs involved as only a few of its departments can benefit. “We should tread this subject in a careful manner. There is no such thing as a big-bang approach....
More »The near death, and revival, of MGNREGS -Sanjeeb Mukherjee
-Business Standard Back-to-back droughts and record-low farm commodity prices have forced the NDA government to look at MGNREGS in a new light.Things have started to look up for the scheme About a year back, Raqibul Hussain, Assam's rural development minister, was unhappy because he could not stop the Central government from lowering the state's annual entitlement under the Mahatma Gandhi National Rural Employment Guarantee Scheme for 2014-15. This, he said in a day-long...
More »‘India budget weak in public participation; limited in transparency’ -Karnika Bahuguna
-Down to Earth The country’s performance in terms of public participation and budget oversight by the legislature was rated “weak” in the survey As Union Finance Minister Arun Jaitley gears up to present the Union Budget 2016-17 (April-March), it is worth noting that an international survey of budgets of over a 100 countries points out that India provides “limited” budget information in the public domain. The Open Budget Survey 2015, released by the...
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