A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.
In the first meeting of PAC headed by its new chairman, Congress leader Mallikarjun Kharge, members also raised the issue of tax evasion by companies by misusing trusts, a PAC member present at the meeting said.
Accusing the Congress of painting Aadhaar as a curse, the government Monday asserted that no poor person would be deprived of the subsidy benefits by making the Aadhaar mandatory and that privacy of individuals will be protected.
The Airports Authority of India (AAI) incurred over Rs 70 crore loss, partly due to non-inclusion of certain portion of land in relation to lease agreement for the Delhi airport, CAG said today.
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the affect it has had on government tax revenues, said CAG Shashi Kant Sharma.
While acknowledging that there is a grey area associated with depreciation charge that CAG has brought up, Union Minister Jayant Sinha said, "We think from an accounting perspective the number we have put through is quite reasonable".
The CAG today said Air India "actually incurred" an operating loss of Rs 321.4 crore in 2015-16, even the airline maintained it had an operating profit of Rs 105 crore based on generally accepted accounting standards.
Service tax arrears more than tripled to Rs 71,257 crore in 2014-15 within a couple of years, apex auditor CAG said today, expressing concern that the recovery is not being given due importance.
Apex auditor CAG today said Air India "actually incurred" an operating loss of Rs 321.4 crore last fiscal instead of an operating profit as reported by the airline.
Air India sold its five Boeing planes to Etihad Airways at a "significantly" lower cost than the "indicative" market price of the aircraft, CAG said in a report tabled in Parliament today.
Besides, the apex auditor has recommended that the government's equity funding to the airline should be adjusted after taking into account the reduction in loan amounts and lower interest liability on non-convertible debentures.
Government Auditor CAG has found that state-run NTPC shelled out an additional Rs 6,869.95 crore during 2010-16 for procuring domestic coal and missed out on garnering Rs 4,299.80 crore in revenues due to outages at power plants on account of fuel shortage.
Warning non performing government officers that they would face penalties in 2017, Lt Governor Kiran Bedi today listed 22 directives in areas where she said there was scope for improvement.
Apex auditor CAG today pulled up Finance Ministry for allowing income tax department to incur over Rs 7,700 crore on interest on refunds without authorisation of Parliament during 2015-16.
The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.
The company spends around Rs 95 lakh per month on road maintenance and employed around 450 people but now they are not able to maintain the full strength of employment post the order. Raj Bhargava, Chairman, Noida Toll Bridge Company.
In its report tabled in Parliament today, CAG said Department of Telecom's (DoT) unit was to pay a front-loaded subsidy to telecom companies for expanding telephone connectivity in rural areas.
CAG Shashi Kant Sharma on Thursday said due to audit interventions the Union and state governments accepted recoveries amounting to over Rs 39,000 crore in 2014-15 and actual recoveries effected were Rs 4,500 crore.
It is doing physical verification by calling up declarants in whose name the disclosures have been filed through post to ensure that no one else has filed them fraudulently, a top official said.
The Comptroller and Auditor General of India (CAG) may audit the just ended black money disclosure scheme for the process followed and how well it performed, but will not get into the disclosures made.
The former comptroller and auditor general (CAG), who is also working to address the bad loan menace, has said the country has become all too familiar with the nexus between "big business and politics" even as he believes that there is a new wave of transparency.
At the book launch event of former Reserve Bank of India Governor Duvvuri Subbarao's Who Moved My Interest Rates, former Finance Minister P Chidambaram took part in a panel discussion and offered his take on some of contentious issues raised by the ex-central bank chief.
Picking holes in government claims, auditor CAG today said savings in LPG subsidy paid directly to consumers was only Rs 1,764 crore, only about 15 per cent of what government has claimed.
Highlighting inconsistency in the government data, the Comptroller and Auditor General (CAG) today suggested that the Centre should take steps to ensure that FRBM disclosure statements are transparent and complete in all respects.
In a report tabled in Parliament, the Comptroller and Auditor General said "the actual subsidy payout during the period from April 2015 to December 2015 was Rs 12,084.24 crore as against Rs 35,400.46 crore during April 2014 to December 2014."