Sebi offers a way over FPI tax rule hurdle
Chief Economic Advisor V Anantha Nageswaran on Monday said the audit of fund flow to Panchayati Raj Institutions (PRIs) by Comptroller and Auditor General of India (CAG) of Panchayati Raj Institutions will improve their functioning and enhance ease of living at the rural level. "The CAG audit would tell us state by state, function by function, where we actually stand. It would create an evidence base that does not currently exist, and it would create accountability for the gap between constitutional intent and administrative reality," he said here.
