-TheWire.in A performance audit brings home the point of what happens when the national auditor is denied access to information and records. A recently concluded performance audit on the functioning of District Mineral Foundation (DMF) Trusts in Jharkhand has indicted the state’s Mining and Geology Department for failing to furnish the actual figures of collections from mining leaseholders. Bringing the sad state of affairs to public notice, the national auditor said, “There were...
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Audit report indicates gross misuse, presumptive fraud of DMFT fund in Jharkhand
-ANI/ ThePrint.in Ranchi (Jharkhand): An audit of the District Mineral Foundation Trust fund, collected under the provision of the Mines Minerals (Development and Regulation) Act, indicates gross misuse of the DMFT fund. The audit was conducted by the Jharkhand’s Principal Auditor General (PAG) in six districts, Bokaro, Chatra, Dhanbad, Hazaribagh, Lohardaga and Ranchi. In these districts, a sum of about Rs 3,000 crore was collected as DMFT funds between 2015 and 2021....
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Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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