COMPTROLLER AND AUDITOR GENERAL OF INDIA
Six Coal India arms did not formulate policy as mandated by environment ministry: CAG
"Six out seven coal producing subsidiaries of CIL did not formulate a policy as mandated by MoEF&CC (Ministry of Environment, Forest and Climate Change) which stipulated that a well laid down environment policy duly approved by the Board of Directors of the subsidiaries needs to be in place," the report by the Comptroller and Auditor General of India said.
Shoddy ammo from ordnance factories hitting military: CAG
TOI had reported on May 14 that the Army had sounded alarm over the unacceptably hi...
Auditor general detects financial irregularities of Rs 108 crore in NRC
Supreme Court monitored NRC exercise started in December 2013. The Of...
Coal India faces CAG heat over Rs 371 crore excess PF deposit
PSU accused of violating law by parking co’s share of leave encashment
BJP skilled at selling, not creating; it will sell railways next: Priyanka Gandhi
"Indian Railways is the lifeline of the country. Now, the BJP government has also brought railways to its worst state. After a few days, just like other government entities, this government will start selling of railways as well. This government is skilled at selling, not creating," Priyanka Gandhi said in a tweet in Hindi.
PM Modi asks CAG to develop innovative methods to check frauds in govt departments
"CAG should look for innovative methods to deal with occupational fraud," PM Modi said adding that the auditor can play a role in improving governance and efficiency. He said the government wants to move to evidence-backed policy making by 2022 and the CAG can play a role by becoming a think tank and focusing on big data analysis.
CAG drops audit of e-tender ‘scam’ in Madhya Pradesh
The CAG office in Bhopal recently conveyed to its headquarters in Delhi that it could not get relevant documents which allegedly showed the e-tendering process of various government projects was compromised to benefit select private players from state departments, a few officials of the audit body told.
SC stays SAT's order holding that Sebi lacks power to bar auditors
The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.
Non-compliance of government directives by CPSEs led to shortfall of Rs 9,417 crore in dividend: CAG
As per the norms, all profit-making central public sector undertakings (CPSUs) are required to declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20 per cent of after-tax profit, whichever is higher, subject to availability of disposable profi
We expected some protests while tabling citizenship amendment bill: Himanta Biswa Sarma
Assam government has asked the headmasters in school to ensure that students do not participate in protest programme during the school hours and school uniform. The present protest against CAB is led by student organisations.
Sebi eases norms to allow smart cities raise funds through 'Muni Bonds'
In addition, the amended regulations would permit raising funds through Muni Bonds by SPVs set up for implementing smart city projects.
Kenya risks losing port to China casting shadow over India's outreach in Eastern Africa
China is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, according to a Deloitte report. Forty out of Africa’s 55 states, along with African Union have signed memoranda of understanding with Beijing to finance and build modern highways, airports, and railways.
Rs 11 lakh crore tax arrears difficult to recover: CAG
Significantly, more than Rs 10.94 lakh crore, or 98% of this arrears are difficult to recover, owing to different reasons.
FY18 fiscal deficit is 'correct': Finmin
Ministry responds to ET story that was based on CAG calculations showing higher deficit.
Rs 500cr farm income got I-T relief sans verification: CAG
The CAG asks I-T department to revisit cases where agricultural income excess set threshold.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service