{"id":13866,"date":"2024-06-14T15:49:28","date_gmt":"2024-06-14T15:49:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=13866"},"modified":"2024-06-14T15:49:28","modified_gmt":"2024-06-14T15:49:28","slug":"cag-pulls-up-ap-govt-over-fiscal-management","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/cag-pulls-up-ap-govt-over-fiscal-management\/","title":{"rendered":"CAG pulls up AP govt over fiscal management"},"content":{"rendered":"<p>The Comptroller and Auditor-General (<a href=\"https:\/\/exam.pscnotes.com\/cag\">CAG<\/a>) has raised strong objection to the financial management in the state and found fault with the  for allowing lapse of funds of Rs 6,356 crore given by the Centre.<\/p>\n<p>&#8220;As against the government of India guidelines to transfer &#8216;pass-through&#8217; grants given for implementation of various centrally sponsored schemes to single nodal account pertaining to those schemes, the state government has lapsed unutilised funds of Rs 6,356 crore to the consolidated fund of <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the state as reduction of expenditure,&#8221; said the CAG.<\/p>\n<p>During 2021-22, the state government lapsed the funds <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> by not spending 26,380 crore to state&#8217;s consolidated fund which reduced <a href=\"https:\/\/exam.pscnotes.com\/revenue-deficit\">Revenue Deficit<\/a> and <a href=\"https:\/\/exam.pscnotes.com\/fiscal-deficit\">Fiscal Deficit<\/a> from the previous year. It also lapsed the <a href=\"https:\/\/exam.pscnotes.com\/finance-commission\">Finance Commission<\/a> recommended <a href=\"https:\/\/exam.pscnotes.com\/<a href=\"https:\/\/exam.pscnotes.com\/health\">Health<\/a>-sector&#8221;>Health sector<\/a> grants to the tune of 488.15 crore given by the Centre.<\/p>\n<p>The CAG report said the action of the state government in lapsing the funds were in violation of the government of India&#8217;s guidelines and also led to revenue deficit while creating an interest burden of 11.33 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Comptroller and Auditor-General (CAG) has raised strong objection to the financial management in the state and found fault with the for allowing lapse of funds of Rs 6,356 crore given by the Centre. &#8220;As against the government of India guidelines to transfer &#8216;pass-through&#8217; grants given Subscribe on YouTube for implementation of various centrally sponsored &#8230; <a title=\"CAG pulls up AP govt over fiscal management\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/cag-pulls-up-ap-govt-over-fiscal-management\/\">Read more <span class=\"screen-reader-text\">CAG pulls up AP govt over fiscal management<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1096],"tags":[1033],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CAG pulls up AP govt over fiscal management - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/cag-pulls-up-ap-govt-over-fiscal-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAG pulls up AP govt over fiscal management\" \/>\n<meta property=\"og:description\" content=\"The Comptroller and Auditor-General (CAG) has raised strong objection to the financial management in the state and found fault with the for allowing lapse of funds of Rs 6,356 crore given by the Centre. &#8220;As against the government of India guidelines to transfer &#8216;pass-through&#8217; grants given for implementation of various centrally sponsored schemes to single ... 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