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Typically, before a general election, the Centre presents the Economic Survey only when the full annual financial statement is tabled around June-July. But this time around, the ministry is considering a short document similar to the survey detailing the state of the economy. ....
The presentation of the “breakdown of the fund released to Local Governments in Ogun for the Execution of Developmental Projects Between Year 2020 to date” by the Chief Economic Adviser, Dapo Okubadejo, along with the Secretary to the State Government, Tokunbo Talabi, further blew the wind that clearly uncovered their concealed rump. When I first read the curriculum vitae of Okubadejo, I had tremendous professional respect for him, but this show of charade engaged in to protect the government mirrors unprofessionalism and perfidiousness to the public. As an Accountant and Auditor of over 35 years in practice, I feel ashamed of the professional conducts of both Okubadejo, the Accountant General, who was at the press conference, and the previous administration headed by a Chartered Accountant for failure to establish laws, set standards that would have prevented this sham and set a tone at the top that it is haram to tamper with local government source of revenues and their federal a ....
NEW DELHI: The defence ministry on Thursday accorded initial approvals to military acquisition plans worth Rs 28,000 crore, including the major indigenous project to develop six airborne warning and control system (AWACS) aircraft to boost surveillance capabilities along the China and Pakistan borders. The Rajnath Singh-led Defence Acquisitions Council also gave the “acceptance of necessity (AoN)” for 11 next-generation offshore patrol vessels (around Rs 9,000 crore), 38 extended 400-km range Brah-Mos supersonic cruise missiles (Rs 1,800 crore) and shipborne unmanned aerial systems for the Navy as well as around 40 new modular bridges for the Army. “Majority of the AoNs were in the ‘Buy Indian-IDDM (indigenously designed, developed and manufactured)’ category. Six of the seven proposals, that is Rs 27,000 crore out of Rs 28,000 crore, will be sourced from Indian industry to give a boost to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives,” sai ....