-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 »Freebies work in the short term & aren't really free -Puja Mehra
-Livemint.com * There is no such thing as a freebie in economics because ultimately somebody has to bear the cost of the supposedly free giveaways * CAG’s financial audit for 2013-18 concluded that Delhi has no debt sustainability issues as its GSDP grew faster than its public debt The Aam Aadmi Party’s win in the Delhi elections has inspired others to replicate its strategy. The West Bengal government’s last full budget before state...
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...
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