Monday, March 02, 2009

F*** Satyam – Check out the honourable Government of India

Business Standard is reporting a story how Rs. 51,000 crores of public money has gone into NGO/other independent bodies where the CAG (Comptroller Auditor General – India's Auditor) has no way to track what happened to that money. Read the full story here. Here's an excerpt:

The revelation by the Comptroller and Auditor General (CAG) that the government has been overstating the spending on its flagship programmes and other schemes meant for the welfare of the aam aadmi (common man) is distressing, but not a surprise. The report, released two weeks ago, said that funds worth over Rs 51,000 crore allocated for these programmes in 2007-08 were actually transferred to the bank accounts of non-government organisations (NGOs), autonomous bodies and district authorities. The government was apparently clueless as to how these funds were actually used, as the accounts of these agencies were not subjected to any official checks. It was not surprising, therefore, as pointed out by the CAG, that these funds either remained unspent or were diverted to other, usually unspecified, purposes, thereby depriving the intended beneficiaries, mostly the poor. 

51K crores is grossly 15% of all Direct Tax collections in India in a year. Yet our govt. has the gall to increase our income taxes in the name of education cess and poor b@#&$%%$ like me gladly pay up thinking my countrymen are getting a better education. Well maybe they are, the kids of some rich netas are probably going to B-schools in the US on my money. These schemes are probably used to better the conditions of some impoverished politicians, after all the hard work he did, he definitely deserves that new Audi – Poor fellow. Ugh!!

P.S. – I apologize for my language, I was just that disgusted reading this article.

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