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…
The CAG is especially amazed at the unnecessary withdrawals from the Contingency Fund and using the borrowed funds for repayment of borrowings and interests thereupon.
There was a critical shortage of snow goggles ranging from 62 per cent to 98 per cent.
The only way to inoculate the nation’s fiscal and macroeconomic stability against the virus of political expediency is to build an architecture of fiscal rules backed by setting up a truly independent Fiscal Council. We may draw the lessons from more than 90 countries across the globe, developed and developing both, which have instituted such architecture and are deriving the benefits thereof.
While investigating a fraud case, the agency shall be sensitive to the distinction between a bonafide decision and criminal involvement.
As per the CAG report, the surplus of the state has consistently declined from Rs 1,137 crore in 2015-16 To Rs 314 crore in 2017-18 despite heavy devolution from the Government of India.
