THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. The finance ministry wants to put such cases on fast track as the performance audit of the scheme has already been initiated by the comptroller and auditor general of India (CAG), the government’s statutory auditor. The...
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Displacement
KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
More »CAG to have a say in babus' appraisals by Pradeep Thakur
The annual confidential report (ACRs) of an IAS officer may now depend a lot on the administrative skills he shows in the implementation of several centrally-sponsored social sector programmes and how effectively he takes a district up on the developmental parameters. Concerned at largescale leakages in many of the social sector schemes, the Manmohan Singh government has asked its official auditor, the Comptroller and Auditor General (CAG), to change the...
More »New Bill in next session to bring CAG under RTI
A new Comptroller and Auditor General (CAG) Bill, likely to be introduced in the next session of Parliament, will bring the institution of CAG under the ambit of the Right to Information Act. Talking to the media on the sidelines of the 25th Conference of Accountants General here on Monday, CAG of India Vinod Rai said the new Bill would seek to replace the CAG Act, 1971, and empower the institution...
More »Bank at your doorstep
Technology is helping public sector banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...
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