Rakesh Jhunjhunwala finally bought new clothes on Diwali

01 Nov 2013 / 0 Comments

After some relief from recent stock market rally, big bull investor finally decided to buy new clothes on Diwali. According to sources, he lost all his clothes as his portfolio took a big hit in a big carnage in Indian stock markets that came by July end to August end this year. "Now I am ha

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Published On:Friday, 23 November 2012

Government decided to merge CAG with CBI to increase transperancy and ensure better standards of governance

NEWS IN BRIEF - POLITICS

After a slew of allegations over the lack of governance and transparency with charges of corruption, finally Indian government decided to merge the Comptroller and Auditor General of India (CAG) with operationally unscathed Central Bureau of Investigation (CBI). The announcement came after ex-CAG official alleged CAG for chances of corruption, threat to signature and wastage of money on free holiday packages.

"We have waited and waited but CAG hardly tries to improve. What the f*ck! They (CAG officials) are spending huge money on holidays, almost a notional loss of 1-2 lakh rupees," said Kapil Sibal, Telecom Minister of India.

He said "This lack of transparency and governance only malign India's reputation in the world. Therefore, we finally decided to merge CAG into our best and most non-corrupt organisation, CBI."

Due to high levels of stricter controls by Prime Minister and PMO along with controling authority of UPA, CBI never indulged into any kind of corruption, threatening and wasting time over calculating notional losses.

"CBI directors will handle CAG and will never waste their time to calculate losses on each and every transaction made by the government," said Kapil Sibal.

The decision came after Empowered Group Of Ministers, headed by Finance Minister P Chidambaram debated the issue. According to sources, Home Minister Sushil Kumar Shinde easily agreed to take control of CAG through CBI.




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