“Lack of accountability and absence of prudent management of public funds has paved way for underutilisation and misutilization of public funds”. Analyse
Kartavya Desk Staff
Q6. “Lack of accountability and absence of prudent management of public funds has paved way for underutilisation and misutilization of public funds”. Analyse (150 words, 10M)
- •Difficulty level: Easy*
- •Reference: Deccan Herald*
* **Why the question? Karnataka government issued circular on prudent management of public funds. The circular comes in the wake of the embezzlement of taxpayers’ money to the tune of several crores of rupees at the Maharshi Valmiki ST Development Corporation Ltd. Key demand of question: To highlight reasons for underutilisation and misutilization of fund and write about the importance of prudent management of public fund. Directive word: Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. Structure of the answer: Introduction: Begin by giving context. Body: Address how lack of accountability and absence of prudent management of public funds is leading to various issues in utilisation of funds, include all the dimension with examples in your answer. Diagrammatic presentation on utilisation of fund could be added. Then, recommend few measures that can be taken to minimise the issue in public fund management. Conclusion:* Give a concise summation of your views to conclude the answer or could end your answer with 2nd ARC recommendations.
* **Why the question?*
Karnataka government issued circular on prudent management of public funds. The circular comes in the wake of the embezzlement of taxpayers’ money to the tune of several crores of rupees at the Maharshi Valmiki ST Development Corporation Ltd.
Key demand of question: To highlight reasons for underutilisation and misutilization of fund and write about the importance of prudent management of public fund.
Directive word:
Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.
Structure of the answer:
Introduction: Begin by giving context.
Address how lack of accountability and absence of prudent management of public funds is leading to various issues in utilisation of funds, include all the dimension with examples in your answer.
Diagrammatic presentation on utilisation of fund could be added.
Then, recommend few measures that can be taken to minimise the issue in public fund management.
Conclusion:
Give a concise summation of your views to conclude the answer or could end your answer with 2nd ARC recommendations.