homevideos Newseconomy NewsCAG expresses concern over budgetary process, calls for 'realistic' budget estimates
CAG expresses concern over budgetary process, calls for 'realistic' budget estimates
CAG has called for "realistic" estimates after the DEA allocated more than Rs 60,000 crore for FY21 but utilised only about Rs 27,000 crore.
The Comptroller and Auditor General (CAG) has expressed concerns over the budgetary process followed by the Department of Economic Affairs (DEA). CAG has called for "realistic" estimates after the DEA allocated more than Rs 60,000 crore for financial year 2021 but utilised only about Rs 27,000 crore.
CAG has also flagged several examples sighting lapses in budgeting by DEA in the past years too, highlighting the difference between the grants and the spending.
The Parliamentary Standing Committee (PSC) too has similar views. Earlier in March PSC stressed upon the need for “realistic preparations” of budget estimates, revised estimates and full utilisation of allocated funds.
Watch video for more.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
In Andhra's Pithapuram, its Pawan Kalyan's charisma vs YSRCP MP Geetha's credentials
May 8, 2024 10:23 AM
Lok Sabha elections: 3rd phase sees over 65% voter participation, Assam leads with 81.71% turnout
May 8, 2024 1:00 AM
Telangana CM violated poll code, defer Rythu Bharosa payment, says Election Commission
May 7, 2024 9:01 PM
Lok Sabha Election 2024: How Indian political parties are leveraging AI
May 7, 2024 6:59 PM