sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Govt orders audit of all grant-in-aid schemes
October, 15th 2007
After releasing a Rs 50-lakh grant to an NGO even before signing a memorandum of understanding with it, the Consumer Affairs Ministry has now ordered an in-depth financial audit of all its grant-in-aid schemes in the wake of allegations of improper allocation of funds.

"The ministry has asked the chief controller of accounts to conduct a special audit to look into all aspects," said a senior accounts wing official, confirming the review.

The funds, running into crores, were disbursed from the Consumer Welfare Fund of the ministry over the last three years among 35 NGOs with the purpose of promoting consumer awareness.

The ministry's decision to conduct an internal review coincides with the Central Vigilance Commission's decision to admit a complaint on the alleged multi-crore scam involving the Fund.

"We have received a complaint and we shall examine it," said CVC secretary Sujit Banerjee.

The complaint was filed by whistle blower Nitin Saxena, who himself is associated with a Delhi-based NGO, All India Consumer Education Society.

Consumer Affairs Secretary Yashwant Bhave, denied any relation between the ministry's decision to order a special audit and the complaint filed in CVC.

"I don't even know what the complaint (filed in CVC) says," he said, adding that the audit was part of a normal practice to confirm that due diligence was observed while using the funds.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions