Page 2 - Comptroller And Auditor General Of India

Questions abound as CBI seeks to chargesheet former CAG Shashi Kant Sharma

When Shashi Kant Sharma was appointed CAG in 2013, BJP had noted that he would be handling an audit into his own role in the AgustaWestland chopper deal - a classic case of conflict of interest

Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

Fast-track lawmaking: Guillotine on budget debates happen far too often

Each year, the Lok Sabha Business Advisory Committee, which includes leaders of various parties, takes up five of the 52 ministries for discussion

The AGR case is a triumph of bureaucratic obstinacy over good sense

While it raises the larger question of the Court's role on matters that have a major impact on the economy, much of the blame also lies with the govt for poor handling of the issue

A real Budget, please: This one has to confront severe resource restraints

In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan

Indian Railways may rationalise fare, cut freight rates to boost economy

In September, the railways had announced several incentives to boost freight traffic

Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report

The share of internal resources in total capital expenditure also decreased to 3.01 per cent in 2017-18

Congress wants alleged Rs 5,000 cr mining scam under Khattar govt probed

Randeep Singh Surjewala also highlighted a Comptroller and Auditor General of India (CAG) report that was tabled recently in the state assembly

Poor project management in building office by NHAI blocked Rs 44 crore: CAG

The government watchdog, in its 'Audit Report on Union Government (Commercial)-Compliance' has also said that NHAI made avoidable payment of Rs 11.79 crore on rent

Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG

He asked the CAG to develop technical tools to root out frauds in departments

Delink the deficits: Linking revenue and fiscal deficits will lead nowhere

Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit

CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The PMO also suggested that the NHAI monetise its road assets base through toll-operate-transfer (TOT) auctions

Closer look at CAG audit of GST reveals systemic flaws, not just glitches

Granular, comparable and regularly updated data on GST has never been shared by the government with researchers or the public

A taxing audit

CAG report on direct taxes raises troubling questions

CAG raps govt-owned banks for understating non-performing assets

The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for over-stating their net profit, by underestimating non-performing assets (NPAs) and under-providing for these bad assets during 2016-17. Also, there were differences in the classification of and provisioning for assets between five banks and the Reserve Bank (RBI) but as the divergence did not fall within the criteria fixed by the latter, it had not been disclosed by these lenders, the audit watchdog said in its report, presented to Parliament on Friday.The 12 PSBs are Allahabad Bank, Bank of Maharashtra, Central Bank of India, Corporation Bank, Dena Bank, Syndicate Bank, Vijaya Bank, Punjab National Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sind Bank, and United Bank of India. The highest underestimation was made by Bank of Maharashtra, by Rs 3,034 crore, followed by Central Bank of India (Rs 2,097 crore), Corporation .

JDA never submitted audit reports to state legislature: CAG

The CAG has rebuked Jammu Development Authority for never submitting its audit report to the state legislature since the civic body was established 45 years ago and for not holding any meeting of the board after April 2012. "The accounts of the Authority have not been presented to the state legislature since its establishment," the national auditor said in its latest report. The report for the year ending March 31, 2015, said the audit reports were to be submitted to the state legislature under section 21 of Jammu and Kashmir Development Act 1970. The Comptroller and Auditor General said the government admitted its contention and stated that the instructions had been "noted" for future compliance. JDA was also pulled up by the CAG for not holding meetings of its Board of Directors since April 2012, and thus the activities undertaken by the civic agency after that period had not been approved by the board. CAG said that its audit found that regulations required for carrying out ...

Govt paid Rs 600 crore for idling foreign loans

CAG says no clarity yet on public debt agency

Mismatch in coal mine output data flagged

Of the production figures submitted to the Coal Controller's Organisation by 19 prior allottees in West Bengal, Jharkhand, Chhattisgarh and Maharashtra, there were mismatches in eight

Govt's coal block valuation questioned

Based on the decision of the Cabinet Committee on Economic Affairs, the notified price of Coal India was used for valuation of coal blocks

Coal mine auction system restricts competition

CAG claims under-determination of floor process led to losses of Rs 382 cr