-The Times of India (with PTI inputs) NEW DELHI: Over 100 bridges in different parts of the country are on the verge of collapse and need immediate attention, union transport minister Nitin Gadkari said in the Lok Sabha on Thursday. The startling information came to light after the Ministry of Road Transport and Highways completed a safety Audit of 1.6 lakh bridges in the country and more than 100 structures were found to be...
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States are failing to spend their education budgets - because the budgets are too low -Shreya Roy Chowdhury
-Scroll.in Chronic underspending on education has created governance systems that are unable to use the allocated funds. The Comptroller and Auditor General of India has found that states failed to spend over Rs 10,000 crores made available to them for elementary education every year between 2010-’11 and 2015-’16. The Auditor’s report, which was tabled in the Lok Sabha on July 21, reviewed the implementation of the Right of Children to Free and...
More »Regulator turns up heat on erring CAs -Arun S
-The Hindu Complaints filed & punishment given, says institute chief. The Institute of Chartered Accountants of India (ICAI) has said 4,445 complaints have been registered against CAs as on June 30 this year, and punishment has been awarded in 402 cases until March 2017. The CA regulator, however, said it was pushing for amendments to the norms to help expedite action against wrongdoers in the profession. PM sought action This development comes within a...
More »The economics of Aadhaar -Sumit Mishra
-Livemint.com The Aadhaar project is a textbook example of how not to design and execute a public policy initiative in India When it was first launched in 2009, Aadhaar signalled a promise to repair the corroded plumbing of India’s leaky public delivery systems. The unique biometric identity would help reduce duplicate and ghost entries in the list of beneficiaries of government schemes, and pave the way for direct benefit transfers to them...
More »CAG raps govt-owned banks for understating non-performing assets -Indivjal Dhasmana
-Business Standard Govt told to be consistent on capital infusion criteria The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory Auditors of 12 public sector banks (PSBs) for overstating their net profit, by underestimating non-performing assets (NPAs) and under-providing for these bad assets during 2016-17. Also, there were differences in the classification of and provisioning for assets between five banks and the Reserve Bank (RBI) but as the...
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