CAG planned to evaluate Government steps to safeguard India from internal threats

Off late, CAG (Comptroller and Auditor General of India)has planned to evaluate the GOI efforts to combat the India from internal issues in northern part of country and J&K like nexalsim, terrorism, racialism. The CAG has plan to audit the performance of intelligence agencies, and police department and the steps taken up by the government in this directions. In days to come CAG is planning to roll out the scheme to various central and state owned police forces.Interestingly, the Home Ministry would also be a part of the audit.

Bhushan Steel - An external to manage day to day functioning

Scandal Hit steel company, Bhushan Steel has borrowed Rs. 40000 crore from a consortium of 51 Banks which is headed by PNB. Recently after Syndicate Bank's bribe case, the company is again in lime light. CBI is keeping an eye over its management and transactions taking place. Comapny's shares has already fallen down 44% showing fear amongst investors. Out of Rs. 40000 crore, the biggest bank of India, SBI, has exposure of Rs. 6000 crore to the company in question. Now, SBI is looking for a management agency to run the company to safeguard the exposure of consortium finance. For this, SBI is also seeking an approval of consortium lenders.