Asks for framing committees to monitor progress
Mohinder Verma
JAMMU, Mar 31: In a major embarrassment for J&K Government, the Comptroller and Auditor General of India has pointed out that majority of the departments and Public Sector Undertakings (PSUs) are not taking audit observations seriously even after explicit directives from the Finance Department. Moreover, no action has been taken on deficiencies pointed out in the implementation of programmes and schemes during the last few years.
In its latest report, the Comptroller and Auditor General (CAG) said, “in the last few years, audit has reported on several significant deficiencies in implementation of various programmes/ activities as well as on the quality of internal controls in selected departments which have a negative impact on the success of programmes and functioning of the departments”.
Cordiant Digital Infrastructure Limited (the Company ) is pleased to announce its intention to launch an initial public offering and to admit its shares on the Specialist Fund Segment of the Main Market of the London Stock Exchange. The Company will seek to generate attractive total returns over the longer term, comprising capital growth and a progressive dividend, through investment in the core infrastructure of the digital economy (the plumbing of the internet ): data centres, fibreoptic networks and mobile towers in the UK, Europe and North America. The Company is targeting an issue of 300 million Ordinary Shares at an Issue Price of 100 pence per Ordinary Share to raise £300 million pursuant to the Initial Issue comprising the Initial Placing and the Offer for Subscription. Subscription Shares will be issued for nil value to IPO investors subscribing for Ordinary Shares on the basis of one Subscription Share for every eight Ordinary S