The IEO, which has been entrusted to assess public programmes, has found that 57 per cent of the subsidised foodgrains distributed in Delhi, do not reach the target group with close to 36 per cent siphoned off the supply chain.
The government plans to set up a commission to reform the financial sector laws and institute an independent evaluation office among others, to bring about more transparency and public accountability.
If Kamal Nath launches a broadside, it is because his ministry now can no longer afford to ignore the advice that comes from Yojana Bhavan.
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
Rodrigo de Rato, Managing Director of the International Monetary Fund, on Monday congratulated Montek Singh Ahluwalia on his appointment as Deputy Chairman of India's Planning Commission.
Officials said as part of the reorganisation in the Commission, a move is afoot to strengthen the PEO with new roles, powers and jurisdiction.
The assessment sent to the Prime Minister recommended that a new think-tank be set up with experts of domain knowledge to replace the plan body.
Assessment note says panel acts as control commission, especially in fund allocations to states.
India's Planning Commission has 31 divisions and seven attached offices, which include the Unique Identification Authority of India and Independent Evaluation Office.
The NITI Aayog is likely to continue to both formulate plans and engage with the states.
When Prime Minister Narendra Modi recently extended a Rs 8,000-crore (Rs 80 billion) central support for building roads in Jammu & Kashmir, Union Cabinet's approval for the big-ticket announcement came in barely 48 hours.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
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