CAG pulls up Kerala again for off-budget borrowings
The CAG report says that the off-budget borrowings of the kind availed by the KIIFB are adding to the debt burden of the Kerala government.
The CAG report says that the off-budget borrowings of the kind availed by the KIIFB are adding to the debt burden of the Kerala government.
In the last financial year govt raised a loan of Rs 13,000 crore.
The Congress on Wednesday slammed the BJP-led Centre for transferring three officers of the Comptroller and Auditor General of India (CAG), saying it operates ‘mafia style’ under a cloak of silence and intimidation, and if anyone exposes its modus operandi of corruption, they are threatened or removed.
The Comptroller and Auditor General (CAG) of India has pointed out at reported underpayment of excise duty worth Rs 1,078.09…
The Comptroller and Auditor General of India (CAG), flagged huge cost overruns in the Dwarka Expressway, the overall average construction…
In its latest report titled 'Management of fixed assets by J&K Bank Limited', the auditor and Comptroller General of India (CAG) has come down heavily on the bank for 'wasteful expenditure', which includes over Rs 7 crore for a premises that was never used.
Global support to the weaker nation can be expected mainly to stem and embarrass the adversary, rather than on ideology. Direct involvement by allies or even partners would be unlikely as it could expand the conflict drawing them in, implying proxy wars are possibly the new future. In such scenarios, chances of early peace are unlikely.
Girish Chandra Murmu said this at the 6th Shanghai Cooperation Organization (SCO) Heads of Supreme Audit Institutions (SAIs) inaugurated by Uttar Pradesh Governor Anandiben Patel in Lucknow.
In almost all democratic countries in the world, the Auditor General is appointed from professionals specialising in Auditing and Financial Management because the work of the Auditor General is treated everywhere as a technical job. It is in India that the Government has deluded itself with the idea that a generalist can function better than a specialist and hold any post in the Government. This has created considerable credibility gap vis-à-vis Auditor Generals of the advanced countries
The CAG Act suffers from one lacuna; it remains silent on the vital issue of the requirementsof the post - qualifications for the incumbent and a transparent procedure for appointmentto this technical post. A Judge or the Chief justice of the Supreme Court requires to bea legal luminary or a top leader in the legal profession. Similarly, it is axiomatic that the CAG who is equivalent to the Judge of the Supreme Court must be a professional and a leader having wide experience in public auditing and accounting.
