Audit body found several other irregularities in govt’s accounts for FY22, including cess collections lying unused or misused, and expenditure being placed under opaque headings.
New Delhi: The Government of India understated its external debt by as much as Rs 2 lakh crore in fiscal 2021-2022 — running afoul of its own laws — the Comptroller and Auditor General of India (CAG) has said in a report.
The CAG, in a report made public in August and pertaining to financial year 2021-2022, highlighted a tendency by the Narendra Modi government to bury important information in footnotes rather than report it in the main body of its accounts. Some of this information was “crucial in nature” and thus needed a more significant disclosure, the CAG said.
The CAG, in a section titled “depiction of critical information through footnotes”, found that the main section of the government’s accounts for the year 2021-22 showed the external debt of the Union government to be Rs 4.39 lakh crore based on a “historical” exchange rate. However, a footnote disclosed that at the latest exchange rate for the period (31 March, 2022), this debt would actually have been Rs 6.58 lakh crore — Rs 2.19 lakh crore higher….
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Debunking a Myth: Only 17 Political Parties Of 105 In EC List Got Electoral Bonds
After the truth-shower 