-The Indian Express The UPA has long been planning a shift to direct cash transfers for poor households, with a view to replacing the 3.23 lakh crore worth of unwieldy subsidies currently in place. Last year, the then finance minister Pranab Mukherjee had spoken of the famously inefficient food and fertiliser subsidies, and of a comprehensive overhaul through cash transfers. Now, that plan has been fleshed out further. The prime minister...
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Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh
-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
More »What Shunglu report? It’s plain anger -Ramaswamy R Iyer
-The Hindu The intention behind the move to make the CAG a multimember body is not to activate the Shunglu Committee’s report but a desire to clip the auditor’s wings During the last few days there have been many comments on the report that the government of India was considering a proposal to make the Comptroller and Auditor General of India (CAG) a multimember body. The move has been widely seen as...
More »Lessons from a flop show
-The Hindu The wretched outcome of the 2G spectrum auctions, netting just Rs.9,407.64 crore against a Rs.40,000 crore revenue target, has evoked predictable reactions from the Congress party. Its leaders have indirectly mocked the Comptroller and Auditor General, the Supreme Court and the media for tying the government’s hands — instead of expressing concern about the impact of the failed auctions on investor confidence and India’s worrying fiscal deficit. Their gloating...
More »Where’s the 1.76L crore, Congress asks CAG after 2G auction flop
-The Times of India The Congress on Thursday seized on the low yields of the 2G spectrum auction to attack the federal auditor's Rs 1.76 lakh crore revenue loss projection, setting the stage for another round of bitter feuding with the opposition. After the Supreme Court-ordered 2G auction yielded just Rs 9,407 crore, information and broadcasting minister Manish Tewari hit out at the comptroller and auditor general, saying, "Mr CAG, where is...
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