-The Hindu A recent proposal to curtail the powers of the Comptroller and Auditor General of India runs contrary to national and international conventions. Rather, it is the duty of both the executive and the legislature to strengthen this constitutional office A conference of the chairpersons of Public Accounts Committees (PACs) has just been held under the aegis of the Parliament’s PAC. Nishikant Dubey, Member of Parliament (Lok Sabha), member PAC, and...

-Business Standard 14th Finance Commission wants 30 centrally-sponsored schemes to be delinked from support of the govt as states get more through untied funds The pending decision on sharing of resources between the Centre and the states on centrally sponsored schemes (CSS) by the sub-group of chief ministers has led to a number of Union government ministries facing a cash crunch. Even, the finance ministry refused to release funds to them for...

-The Hindu The Mines and Minerals Amendment Bill 2015 contains no provisions for consent from tribals for mining operations, but strengthens the rights of private sector mining companies Even as countrywide protests against the land ordinance gain momentum, Adivasi communities living in mineral-rich areas are apprehensive of what awaits them as the Mines and Minerals (Development and Regulation) Amendment Bill 2015 (MMDRA) has received presidential assent and the government has drafted Rules...

-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...

-The Indian Express   The NDA government's move to amend the Lokpal and Lokayuktas Act, 2013 in the coming winter session of Parliament has run into rough weather following differences between various government departments over whether government servants and their family members should declare their assets, and whether such information should be made public or not. The Department of Personnel and Training (DoPT) is learnt to have sided with the bureaucracy in...