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Travel firms and operators in India are seeking a deferment of the October 1 deadline for a 20% tax collected at source (TCS) on spending above Rs 7 lakh on overseas tours. They argue that there is no proper mechanism to monitor spending across multiple sources, and that the responsibility for tracking these expenses should lie with the banking system rather than travel operators.
After a new report reveals inspector general positions at several federal agencies have been vacant for years, searchly, leaving no one in charge of monitoring spending. might we soon have another scandal on our hands like the one that recently enveloped the general services administration? shannon bream has more. >> reporter: hi, jon. just to give you one example, the state department has not had a permanent inspector general since 2008, more than 1500 days. inspectors general are, essentially, responsible for making sure the agencies they oversee are on the up andup, not wasting taxpayer dol...