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
« Auditing »
 Supreme Court puts the spotlight on audit firms
 Auditing to be less of a burden as accountants embrace AI
 CAG's report on GST will be totally paperless
 Time Limit For Completion Of Assessment From The Date Of Special Auditor’s Report Under Income Tax Act, 1961
 Provisioning pertaining to Fraud Accounts
 Tax Audit Report (TAR) Certain exceptions and increased limits according to number of partners and considering nature of activity are desirable
 Cost Auditing Standards [ Cost Audit Documentation (102)] – Part-II
 Conference on Companies Act gets under way
 New bureau to dissolve state-run banks' power to choose auditors
 Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015
 ICAI forms 'prima facie' view on NSEL auditor

CAG audit to make PDS scam-free
April, 05th 2010

To facilitate the UPA government in implementing the proposed Food Security Act guaranteeing foodgrain to poor at subsidized rates the Comptroller and Auditor General (CAG) has begun an elaborate exercise to audit the Public Distribution System (PDS) across the country and suggest ways to revamp and make it scam-proof.

After its experience in several flagship schemes where large sums of money remained unspent, expenditure was shown on non-existent works and names of beneficiaries were concocted, the UPA government wants an effective distribution system before the Food Security Act is in place.

The ambitious act promises foodgrains to the poor at Rs 3 a kg. The government's urgency to revamp PDS comes from the fact that despite having addressed supply-side issues, the Manmohan Singh-led government has failed to arrest rising food inflation that touched an all-time high of 20% in December.

A senior official said CAG was likely to discuss the matter with all accountants general who are assembling in the capital for a four-day conference starting on April 5.

The agenda of the conference has been laid down as transforming audit into an effective tool for good governance.

The audit of PDS will include verification of the list of beneficiaries, amount of foodgrain lifted from Food Corporation of India and how much went to the beneficiaries.

The pathetic state of the food distribution system was highlighted in a recent study conducted by CAG. Carried out in the northeastern states, which are largely dependent on Centre's supply of foodgrains, the survey revealed that at least 40% of eligible beneficiaries were not even issued ration cards and were kept out of the distribution system.

Among those included as PDS beneficiaries, the survey found that 99% did not receive regular supply of foodgrains and more than 43% said local PDS officials sold them foodgrains at rates much higher than the set prices.

In Manipur, a state where majority of the population is rice-eating, the survey found that beneficiaries reported that rice was supplied to them once in 10 months on an average during 2002-2005, hinting at largescale diversion of foodgrains.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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