-The Times of India NEW DELHI: The government has accepted before Parliament's Public Accounts Committee that the findings of the Comptroller and Auditor General on UPA's Rs 52,000 crore farm debt waiver scheme were correct. The auditor in its test check had discovered large-scale irregularities where undeserving farmers were given waiver benefit - at least one-third of the total disbursement were found questionable. On Thursday, the PAC will meet here to give...

-Outlook A parliamentary committee has picked holes in the ambitious agriculture debt waiver and debt relief scheme of the UPA government saying it could not achieve its goals due to a variety of reasons including violation of guidelines and poor monitoring. Parliament's Public Accounts Committee (PAC) in its draft report on the scheme said there was a "flagrant display of financial and administrative indiscipline by the Department of Financial Services (of the...

-The Times of India NEW DELHI: Raising doubts on the genuineness of the government's plan expenditure, the Comptroller and Auditor General (CAG) has written to the finance ministry saying its data provided on schemes worth over Rs 3 lakh crore for 2012-13 "points to serious deficiencies". The auditor said a detailed scrutiny had revealed that government in several cases was giving post-dated sanctions - in some instances sanctions were granted by the...

-The Times of India NEW DELHI: The comptroller and auditor general (CAG) is finalizing a report on yet another instance of massive loss to the state exchequer because of favours shown to private parties by the political establishment. The CAG's audit report on the Taj Expressway project could also find place among India's biggest scams, with successive Uttar Pradesh governments being accused of causing loss of thousands of crores to the...

-The Times of India NEW DELHI: After getting the mandate to audit power distribution companies from Arvind Kejriwal led Delhi government, the comptroller and auditor general may well get another crucial assignment on Monday, if the Delhi high court agrees with its stand. HC is expected to deliver a landmark verdict to decide if CAG has the jurisdiction/powers to audit accounts of private telecom companies. A division bench of Justice Pradeep Nandrajog...