The Hynñiewtrep Youths’ Council (HYC) has urged the Meghalaya Assembly’s Public Accounts Committee (PAC) to examine serious financial concerns raised by the Comptroller and Auditor General of India (CAG) over the government’s investments in 22 State Public Sector Enterprises (SPSEs). In a petition submitted to PAC Chairperson Miani D. Shira, HYC President Roy Kupar Synrem highlighted the reported investment of around ₹4,444.43 crore against negligible returns as of March 31, 2025, calling for a detailed review of the use of public funds. The council also questioned an additional investment of ₹7467 crore during the 2024-25 financial year despite limited returns from existing investments, seeking an examination of the justification, funding sources, financial assessments and due diligence behind the move. HYC noted that the average interest rate on government borrowings was 5.31 per cent, while returns from the investments remained extremely low. The council has also sought scrutiny of three SPSEs that reportedly made profits but paid no dividends to the government, as well as two non-working or defunct enterprises. It called for a comprehensive review of the financial performance, viability, liabilities and investment decisions of all 22 SPSEs, along with accountability wherever lapses are found. HYC further demanded a time-bound action taken report from the government, stressing that CAG findings involving large amounts of public money should lead to corrective action, transparency and financial accountability.
Meghalaya PAC Asked to Examine Public Funds Invested in SPSEs
