The institution of Auditor General, established in 1860, became Comptroller and Auditor General of India (CAG) with the commencement of the Constitution. On the occasion of the initiation of year-long celebrations to mark 150 years of the institution, may one, as a former member of the Indian Audit and Accounts Service, put forward a few suggestions (numbered for convenience) aimed at enhancing the effectiveness of the institution? 1. It is a...

The main greenhouse gases have reached their highest concentration levels since pre-industrial times, a United Nations climate research body said today. The World Meteorological Organization’s (WMO) 2009 Greenhouse Gas Bulletin warns that carbon dioxide, methane and nitrous oxide have all increased their presence, increasing their burden on the earth’s atmosphere. “Greenhouse gas concentrations have reached record levels despite the economic slowdown. They would have been even higher without the international action taken...

Six years after a Human Development Report on Gujarat was published, the state government has embarked on another survey for a similar report, albeit district-wise, whose publication date is yet to be decided. So far, study Reports on five districts — Surendranagar, Jamnagar, Sabarkantha, Dangs and Surat — have been submitted whose drafts have been reviewed and sent back to the authors for consideration. G K Vyas, Director, Human Development, said that...

Fifty thousand jobs? The U.S. economy has lost that many every week, on average, for a straight 140 weeks since December 2007. Now that the media's gush and drool over the Obama visit has run dry — thanks to other far more interesting events — it might be worth looking at a couple of ‘outcomes' that much of our media seemed pretty taken with.‘Twenty deals worth 10 billion dollars that create...

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...