-The Telegraph The party suspects that the removal of Ravi Shankar Prasad in the cabinet shuffle could be linked to fear of a controversy erupting in the upcoming Parliament session The Congress on Saturday said the latest report by the Comptroller & Auditor General of India points to a scam in the ministry of electronics and information technology, suspecting that the removal of Ravi Shankar Prasad in the recent cabinet reshuffle could...
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Tamil Nadu’s revenue, fiscal deficits understated in 2018-19: CAG
-The Hindu There was a total expenditure of ₹1.34 crore without appropriation by legislature Tamil Nadu’s revenue deficit of ₹23,459.44 crore during 2018-19 was understated by ₹3,757.23 crore and fiscal deficit by ₹1,300.49 crore primarily owing to short transfers totalling ₹1,366 crore towards various reserve funds, such as sinking fund and guarantee redemption fund, according to the Comptroller and Auditor-General’s report on State finances for the year ended March 2019. There were...
More »Centre Wants CAG To Delete Paras Regarding Losses Due To Improper Utilisation of Adani Silo -Dheeraj Mishra
-TheWire.in In 2018, the CAG reported that between 2013-14 and 2015-16, the Food Corporation of India did not store enough wheat in the Adani Group's silo in Kaithal, Haryana but kept paying rent. New Delhi: The Comptroller and Auditor General (CAG) of India in April 2018 reprimanded the Food Corporation of India (FCI) for causing a loss of Rs 6.49 crore to the taxpayers due to the failure to utilise available storage...
More »CAGed? Top audit body's reports on Centre's money management down by 75 percent
-The New Indian Express The total number of CAG reports relating to central government ministries and departments came down from 55 in 2015 to just 14 in 2020, a fall of nearly 75%. NEW DELHI: The number of reports brought out by the country’s top audit body, the Comptroller and Auditor General of India, has come down sharply in the past five years, raising concerns that the government’s financial accountability is not...
More »Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
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