The CAG's revenue report, tabled on Friday before the monsoon session of the Maharashtra Legislature concluded, also showed that the outstanding amount on vehicle tax was as high as Rs 1,156.63 crore as on March 31, 2016.
While the Motor Vehicle Tax Rules provided for exemption from payment of tax for some charitable, cultural, welfare or philanthropic institutions. The government has not issued any notification listing eligible institutions for allowing such exemption under the Rules.
Government auditor CAG said that about one-third of the firms, listed with the Registrar of Companies (RoC), were not in the database of the Income Tax Department.
State-run Food Corporation of India (FCI) would have saved Rs 35,701.81 crore interest burden during 2011-16 had the government released food subsidy on time, the CAG said.
The report finds that the company did not use the ECB loan resulting in some funds lying idle as far as phase 3 implementation was concerned
After the CAG report, the Railways began the process of doing away with providing blankets in AC compartments and is instead regulating the temperature inside the coaches so that passengers don't shiver.
"The non-debt resources transferred by the central government... financed 60 per cent of the total expenditure of the state government during 2015-16," stated the CAG report for the year to March 2016.
The incomplete projects had a total sanctioned cost of Rs 3,944.45 crore which was revised to Rs 4,484.68 crore, reveals the latest CAG report on state finances for the year ended March 31, 2016.
The government auditor has also found that most PSBs have a lower market value compared to their book value, because of which they could have a difficulty in approaching markets for additional capital infusion
Agriculture Insurance Company of India Limited (AIC) is given the responsibility to offer agriculture insurance schemes to those in need. It is run by the Government of India.
Eight states including Assam, Arunachal Pradesh and Bihar have delayed the approval of project reports for flood control
Some of the 12 major ports, including Mumbai and Kolkata, have lost over Rs 53.5 crore on account of under-recovery or revenue loss, government auditor CAG has said
The Comptroller and Audit General (CAG) has recommended an increase in funds for State Transport Corporations to meet the claims of accident victims.
Besides, Indian Institute of Management - Kozhikode has also been accused of extending GPF-cum-pension scheme to its employees without government approval.
A CAG report, tabled in Parliament on Friday, pointed out many anomalies in the implementation of schemes like National Agriculture Insurance Scheme (NAIS) and Pradhan Mantri Fasal Beema Yojana (PMFBY)
More bad news coming in for telecom companies. Comptroller and auditor general (CAG) audits six private telecom companies and finds understatement of adjusted gross revenue (AGR) of Rs 61,064 crore between FY11 and FY15.
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.
Pointing out that the Mumbai Port Trust (MbPT) is the biggest landlord in the city, Union Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has revealed plans for a dream project, to develop R
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.
The Public Accounts Committee (PAC) of the Maharashtra assembly has pointed out that Lavasa City Corporation‘s various tax liabilities in Pune district, included Rs 3.97 crores of land tax. The company had purchased 214 R
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.