|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
The Comptroller and Auditor General of India (CAG) has raised serious concerns over the condition of finances of the Bihar government. The government auditor in its report for FY 2011-12, which was tabled on Tuesday in the state assembly, has pointed towards the slow progress of social and development programmes and the rising tendency of withdrawal at the end of the financial year.
CAG, in its report, has stated, "Slow progress in implementing various social and development programmes in the state has left an overall savings of Rs 15,595.72 crores. The major savings occurred in Education Department (Rs 2,258 crores), Panchyati Raj Department (Rs. 1,120 crores), Energy Department (Rs 871 crores), Urban Development and Housing Department (Rs 713 crores) and Health Department (Rs 528 crores). The reasons have not been intimated by these departments and in many cases the savings were not surrendered or belatedly surrendered, living no scope for utilising these funds for other development funds." It has lambasted the Building Construction Department for being ill equipped to utilise funds as it had to surrender almost 63 percent of its provision.