-IANS The service records of Comptroller and Auditor General (CAG) Vinod Rai "are not traceable", the Department of Personnel and Training (DoPT) has revealed in response to a Right to Information (RTI) application. Lucknow activist Arvind Shukla had filed the RTI application last month, seeking details about the most powerful accountant of the country, who has gained renown as a vigilant anti-corruption watchdog and who is once again in the spotlight after...

-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...

-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...

-The Economic Times The three Reports of the Comptroller and Auditor General (CAG) on coal, ultra-mega power projects and airports, playing out in the public discourse as major indictments of corruption and of the government, serve only to spread confusion and convert infrastructure building into a political battleground. The Reports are ill-informed by commercial logic, sometimes deficient in factual detail. However, since they bear the authority of a constitutional body, the...

-The Hindu One of the first principles that students of auditing are taught is that auditors are watchdogs and not bloodhounds. The Manmohan Singh government would have us believe, in the wake of the Comptroller and Auditor General of India’s Reports first in the 2G case and now in the coal mining issue, that this basic principle is being violated by the incumbent CAG. Why should the CAG comment on the...