-The Hindustan Times Comptroller and Auditor General (CAG) Vinod Rai’s comments on Thursday at the Harvard Kennedy School (US)— saying his office was advised by the ‘highest in the land’ not to ‘exceed our mandate’ and get into auditing policy formulation — sparked off a war of words between the government and the opposition. Pointing out that constitutional authorities should circumscribe by “Lakshman Rekha propriety”, I&B minister Manish Tewari on Friday said...
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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...
More »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...
More »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...
More »Justice JS Verma committee's recommendations: Complete list
-DNA 1. The equality of women, being integral to the Constitution, its denial is a sacrilege and a constitutional violation. Sustained constitutional violations mean that governance is not in accordance with the Constitution. A fortiori, all limbs of the State - the executive, the legislature as well as the judiciary -must respect women’s rights and must treat them in a non-discriminatory manner. 2. As a primary recommendation, all marriages in India (irrespective...
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