At a panel discussion on Inclusive Governance at the World Economic Forum last week, somebody from the floor asked Comptroller and Auditor General Vinod Rai why bureaucrats and ministers always travelled in white Ambassadors with curtains on the windows, if the government was serious about bringing in more transparency into its functioning. Rai proved the eagle-eyed auditor when he swiftly corrected the questioner: “White ambassadors have made way for Maruti SX4s.”
R P Singh, the former Comptroller and Auditor General (CAG) official, has been hogging the limelight for turning the heat on his former boss, ...
Operating margins down 230 basis points q-o-q on higher employee costs and other expenses
Analysts expect volume pressure to continue; profit growth likely to be intact