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Unused funds, stalled projects: Audit flags wasted potential of IMTech, Chandigarh

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Audit reveals deep inefficiencies at premier research institute, with futuristic projects worth ₹21 crore left unfinished between 2021 and 2023, despite allocation of requisite funds
The article from MSN discusses an audit report by the Comptroller and Auditor General (CAG) of India, which has highlighted significant issues at the Institute of Microbial Technology (IMTECH) in Chandigarh. The audit pointed out that IMTECH has not utilized over Rs 100 crore in funds, leading to stalled projects and underutilization of resources. Key findings include the non-completion of a major project aimed at developing a new campus, with only 25% completion despite significant expenditure. Additionally, there has been a lack of progress in research and development, with many projects either delayed or abandoned. The report also criticized the management for poor planning, inadequate monitoring, and failure to achieve the institute's objectives, resulting in a waste of potential and public funds.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/technology/biotechnology/unused-funds-stalled-projects-audit-flags-wasted-potential-of-imtech-chandigarh/ar-AA1yIH2l ]