 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
As part of a larger tightening of wasteful expenditure in welfare and subsidy schemes, Finance Secretary T V Somanathan last month wrote to states warning that action will be taken against All India Service officers if they furnish wrong information to the Finance Ministry regarding Centrally Sponsored Schemes.
“It has come to light that, of late, there are some instances where the factual information provided to the centre is wrong in material respects even though certified by competent officers of the state governments, in a manner indicating either falsification or gross negligence,” Somanathan said in his letter dated 21 April.
