-NDTV The Prime Minister's National Relief Fund (PMNRF), which was set up in 1948, is not audited by the Comptroller and Auditor General of India (CAG) either. New Delhi: The Prime Minister's Citizen Assistance and Relief in Emergency Situations or PM CARES Fund, formed amid the coronavirus crisis to be a war chest for national crises, will not be audited by the Comptroller and Auditor General of India (CAG), sources told NDTV...
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Make Public Disclosure of All Documents Related to PM CARES, Ex-GoI Secretary Writes to PM
-Newsclick.in In his letter to Modi, former civil servant EAS Sarma has also sought provisions for CAG audit and disclosure of details of donors and amounts contributed to the public charitable trust. New Delhi: Former Secretary to the Government of India, EAS Sarma, while appreciating Prime Minister Narendra Modi’s intent, has called for ensuring “utmost transparency and public accountability” in the operation of the PM CARES Fund, set up as a public...
More »NRC: Assam government to table figures of Bengali Hindus excluded from final list
-Scroll.in Assam Finance Minister Himanta Biswa Sarma claimed that the CAG of India had found ‘huge irregularities’ in the updation process of the NRC three years ago. The Bharatiya Janata Party-led Assam government on Thursday said it will make public the district-wise figures of Bengali Hindus excluded from the final National Register of Citizens list in the current Assembly session, PTI reported. The Assam government had earlier urged the Centre to reject...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »CAG demonstrates how govt relies on off-budget resources to fund deficit - Dinesh Narayanan
-The Economic Times India’s deficit numbers have come under lens as the govt is increasingly depending on off-budget borrowings. The Comptroller and Auditor General (CAG) has said that the central government’s key deficit figures may be considerably higher than those stated in the union budget. In a presentation to the 15th Finance Commission (FFC) on July 8, three days after the July 5 budget, CAG has asked whether the extra-budgetary resources accounted for...
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