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At Harvard, CAG slams government, netas

-The Times of India Harvard's prestigious Kennedy School on Thursday provided the setting forComptroller and Auditor General (CAG) Vinod Rai to hit out at the Manmohan Singhgovernment for attempting to reduce the federal auditor to a mere accountant with no real role in auditing policy. Speaking at the school of public affairs, Rai made an indirect but unmistakable reference to the government's criticism of the CAG's 2G report, saying, "We were...

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Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur

-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...

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RIL stalls CAG Audit yet again -Sujay Mehdudia

-The Hindu It has been insisting that the audit of KG-DWN-98/3 block not be made public Emboldened by the stagnation in the arbitration proceedings, the Mukesh Ambani-owned Reliance Industries Limited (RIL) has once again stalled the audit of KG-DWN-98/3 block by Comptroller and Auditor General (CAG) by refusing to furnish records, financial accounts and SAP access for the KG D6 block for the 2008-12 period on various grounds. It is learnt that RIL...

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Moving to the House -Upendra Baxi

-The Indian Express On the Delhi rape case, let’s keep the indignation, disturb legislative slumbers The Verma Committee Report (VCR) speaks against civil society and political rape cultures. The poignancy and urgency of the VCR owes much to the experience of conversing with rape survivors and traumatised children. A precious message of the VCR is this: one may not take law reform seriously without taking human and social suffering equally seriously. The committee...

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How To Waive Crores Goodbye -Lola Nayar and Panini Anand

-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG Audit throws up The Scheme     2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support”     Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme     Rs 50,000 The loan...

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