Amid the furore over misappropriation of funds meant for development, the Comptroller and Auditor General (CAG) has proposed bringing all rural development programmes worth about Rs 90,000 crore under the ambit of the government auditor. Rural Development Minister Jairam Ramesh welcomed the proposition after he met CAG today to discuss the social audit of the government's flagship National Rural Employment Guarantee Scheme (NREGS) in all states. The minister said the matter would...
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Centre mandates state social audit for NREGS by Devika Banerji
The government will set up statelevel independent bodies to carry out financial and social audits of its flagship rural employment guarantee programme, which critics say is riddled with corruption. The rural development ministry will also make it mandatory for state governments to submit a report on the social audit, which unlike other government audits, allows beneficiaries of the scheme to register complaints. The move to increase transparency in the Mahatma...
More »Breaking and Building
-ToI The government patched together an intricate—and flawed—fertiliser system over the last 40 years. It now wants to dismantle that monster. The challenge before it is to preserve its pro-agriculture and pro-poor objective, while correcting the flaws that crept in, reports M Rajshekhar If it all goes to plan, buying or selling fertiliser will never be the same for the 120-odd companies that make up this Rs 1,00,000 crore industry or...
More »Satyam auditing not the only slip-up in India, admits Price Waterhouse India by John Samuel Raja & Sangita Mehta
Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
More »New MGNREGA social audit norms to make them independent by Anindo Dey
The social audit of schemes under the Mahatma Gandhi National Rural Employment Gurantee Act (MGNREGA) now permits the involvement of outsiders in the process as facilitators. A new set of rules framed by the ministry of rural development for such audits has been approved. Christened Mahatma Gandhi National Rural Employment Gurantee Audits of Schemes Rules 2011, the rules ensure the audit process is independent of agencies implementing the scheme and the...
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