government accounts

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    Fiscal Management Review: CAG Report on FY25 Liabilities

    New Delhi, April 2 The overall liabilities of the Union government increased during 2024-25 mainly due to an increase in public debt, CAG said in a report on Thursday."Internal debt and external debt increased by 8.35 per cent and 9.83 per cent, respectively, compared to 2023-24. At the end of...
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    Persistent Shortfalls in Funds Transfer Undermine Development

    New Delhi, April 2 A Rajya Sabha member from the Rashtriya Janata Dal (RJD) raised concerns on Thursday about a significant shortfall in the central government's transfer of collection funds to designated funds, citing a Comptroller and Auditor General (CAG) report that revealed lapses spanning...
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    FDR Discrepancy Investigation Following IDFC First Bank Case

    Chandigarh, March 24 The Panchkula Municipal Corporation has found discrepancies in its Fixed Deposit Receipts (FDRs) with a private bank, amounting to nearly Rs 150 crore, a senior official said on Tuesday."Some of the FDRs had been with the bank for a long time at the Panchkula branch. The...
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    Government Greenlights ₹2.01Lakh Crore Extra Spending Amidst Debate

    New Delhi, March 13 The Lok Sabha passed the second batch of supplementary demands for grants on Friday, allowing the government to spend an additional ₹2.01 lakh crore in the current fiscal year.Through the second batch of supplementary demands, the government sought approval from the Lok...
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    India's Economic Stabilization Fund Details Supplementary Spending

    New Delhi, March 13 Finance Minister Nirmala Sitharaman on Friday said the Rs 1 lakh crore Economic Stabilization Fund will provide fiscal space for India to respond to global challenges.Responding to the debate on the second batch of supplementary demands for grants in the Lok Sabha, she said...
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    Fraud Investigation Launched in Chandigarh - Municipal Corporation Alert

    Chandigarh, March 9 The Chandigarh Police on Monday registered a case based on a complaint filed by the Chandigarh municipal corporation, which alleged that fixed deposit receipts (FDRs) worth Rs 116.84 crore issued by a manager of a private bank were fake.The civic body said that they...
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    IDFC First Bank Fraud: Punjab Targets Haryana's Response

    Chandigarh, March 2 Punjab Finance Minister Harpal Singh Cheema on Monday targeted the BJP government in Haryana over the Rs 590-crore IDFC First Bank fraud case, claiming that it has "completely failed" in adopting new technology, which is why people's money is being "looted" in the neighboring...
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    IDFC First Bank Returns ₹583 Crore to Haryana Government

    New Delhi, February 24 IDFC First Bank said on Tuesday that it has paid out 100% of the principal and interest to the relevant departments of the Haryana government, which amounts to ₹583 crore."The bank remains committed to working together with the relevant Haryana Government departments and...
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    IDFC First Bank Fraud: Full Recovery Confirmed by Haryana CM

    Chandigarh, February 24 – Haryana Chief Minister Nayab Singh Saini informed the Assembly on Tuesday that the entire amount involved in the fraud involving state government accounts at the IDFC First Bank branch in Chandigarh has been returned to the government's accounts."A total of Rs 556...
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    Haryana Government Accounts Linked to Rs 590 Crore Fraud at IDFC First Bank

    New Delhi, February 23 Shares of IDFC First Bank plunged by 20% on Monday after the private sector lender disclosed a fraud of Rs 590 crore committed by its employees and others in accounts held by the Haryana government.The stock plummeted 19.99% to Rs 66.85 – also its lower circuit limit –...
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    Haryana Government Fraud at IDFC First Bank Under Review

    New Delhi, February 23 The RBI is monitoring the developments surrounding the Rs 590 crore fraud at IDFC First Bank, and there is no systemic issue, Governor Sanjay Malhotra said on Monday.IDFC First Bank had disclosed on Sunday that certain employees and others at a particular branch in...
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    Haryana Bars AU Small Finance Bank from Government Business

    New Delhi, February 23 AU Small Finance Bank has denied any wrongdoing in the alleged fraudulent opening of accounts after Haryana de-empaneled it from undertaking any government business.The Haryana government has de-empaneled AU Small Finance Bank, along with IDFC First Bank, from...
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    Andhra Pradesh Adds Au Small Finance Bank to Government Banking List

    Amaravati, Feb 11 The Andhra Pradesh government officially included Au Small Finance Bank Ltd in the list of notified banks on Wednesday, to maintain the accounts and manage funds of various government departments and its offices. According to preliminary estimates for FY26, Andhra Pradesh's...
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