-The Telegraph Kolkata: The Special Investigation Team (SIT) set up by the chief minister has asked district superintendents of police to initiate against Sudipta Sen cases of abetting the suicide of depositors. The SIT, led by director-general of police Naparajit Mukherjee, held a meeting today to discuss the strategy to pin down the Saradha Group chief for masterminding the default crisis that allegedly led five depositors to commit suicide in the districts. "Other...
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CAG raps Bihar govt for 'fiscal indiscipline'
-The Times of India PATNA: The Bihar government, which keeps crying for more central assistance, could not spend Rs 1472.61 crore in 2012 and surrendered 100 per cent funds in 192 schemes, depriving the beneficiaries of the benefits, according to the CAG report for 2011-12 presented in state assembly on Tuesday. Central funds for several schemes also remained unutilized, it said. The CAG also regretted the lack of objective planning in utilization...
More »CAG rapped Bihar government for lack of plan on utilisation of funds
-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state finances...
More »CAG raps AP government over financial management
-PTI HYDERABAD: A day after the Chief Minister remarked that observations of CAG were "not scriptures", the public auditor picked many holes in Andhra Pradesh government's budgeting process and financial management even as it praised the state for achieving fiscal reform targets. In its report on the state finances for 2011-12, the CAG rapped the government for failing to ensure proper utilisation of allotted funds, particularly on capital works, resulting in staggering...
More »All the way to the ground-KP Shashidharan
-The Indian Express An accountability framework is critical for flagship schemes In his budget speech, the finance minister gave the assurance that all flagship programmes of the government would be adequately funded. The government pours substantial funds into 70 Centrally sponsored schemes. In 2011-12, an amount of Rs 1,88,573 crore was allocated for the implementation of 13 development programmes, such as the MGNREGA, PMGSY, NRHM and JNNURM, under the auspices of nine...
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