Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016

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 2016 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