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  • Tamil Nadu's debt burden grew by 22.43% in FY20-21: CAG report Oct 19, 2022 08:55 PM IST

    Tamil Nadu's debt burden grew by 22.43% in FY20-21: CAG report

    The report recommended the government to initiate measures for creating increased fiscal space through augmenting its own revenues so as to avoid utilisation of capital receipts to meet revenue expenditure and to achieve the target set in the Tamil Nadu Fiscal Responsibility Act.

  • CAG: Several coastal zone projects approved despite environmental impact assessment inadequacies Aug 09, 2022 11:49 AM IST

    CAG: Several coastal zone projects approved despite environmental impact assessment inadequacies

    According to a recent CAG investigation, a number of projects in coastal control zones were permitted between 2015 and 2020 despite incomplete environmental impact assessment (EIA) reports.

  • 'Biggest proof of honesty', says Arvind Kejriwal after CAG report shows revenue surplus during AAP regime Jul 06, 2022 10:26 AM IST

    'Biggest proof of honesty', says Arvind Kejriwal after CAG report shows revenue surplus during AAP regime

    The Comptroller and Auditor General (CAG) report tabled in the Assembly on Tuesday said the Delhi government has had a revenue surplus from 2015-16 to 2019-20.

  • CAG courts controversy as it moves with the times May 13, 2022 11:28 AM IST

    CAG courts controversy as it moves with the times

    A creative tension exists between the government and its internal auditor

  • Rs 11,276 crore loss due to less water injection by ONGC: CAG Mar 24, 2022 07:23 PM IST

    Rs 11,276 crore loss due to less water injection by ONGC: CAG

    Oil and Natural Gas Corporation’s (ONGC) aging Mumbai High, Neelam and Heera fields off the Mumbai coast have been on a decline and water is injected into wells to push out the remaining oil.

  • CAG finds infirmities in financial management at new IITs, struggling to generate internal receipts Dec 29, 2021 03:34 PM IST

    CAG finds infirmities in financial management at new IITs, struggling to generate internal receipts

    The CAG report underlined that delay in infra development due to several factor led to revision of capital outlay – from an initial estimate of Rs. 6,080 crore in July 2008 to Rs.14,332 crore expenditure revision in 2019. CAG says proportion of the internal receipts to the recurring expenditure of the IITs was very low even after having been established over a decade back.

  • 188 government companies and corporations racked up losses of Rs 1.75 lakh crore: CAG report Dec 22, 2021 01:24 PM IST

    188 government companies and corporations racked up losses of Rs 1.75 lakh crore: CAG report

    Of these, the net worth of 90 companies has been completely eroded

  • NOIDA Authority irregularities led to losses worth over Rs 55,000 crore: CAG report Dec 22, 2021 01:21 PM IST

    NOIDA Authority irregularities led to losses worth over Rs 55,000 crore: CAG report

    Nexus between officials, builders led to raft ‘irregularities’ in land allotment and approval of development plans between 2005 and 2014, says report. Though it is not clear what action will be taken against errant officials, experts hope the report may help streamline the real-estate development process

  • How 3 companies snagged 80% of commercial plots in Noida. CAG report points to blatant official-corporate nexus Dec 19, 2021 04:12 PM IST

    How 3 companies snagged 80% of commercial plots in Noida. CAG report points to blatant official-corporate nexus

    Wave, 3C and Logix Group did not even meet eligibility conditions. Yet, they secured the lion’s share of allotment of land and today have overdues running up to Rs 14,958 crore and left homebuyers in the lurch.

  • CAG report highlights nexus between Noida builders and officials, unchecked violation of rules by Authority Dec 18, 2021 12:26 PM IST

    CAG report highlights nexus between Noida builders and officials, unchecked violation of rules by Authority

    Three builders named Wave, Three C and Logix Group cornered 80% of commercial projects between 2005 and 2018. Up to 63% of housing projects allotted by Noida authority were incomplete or partially completed, national auditor finds in scathing report.

  • Govt received Rs 36,709 crore dividend from 100 PSUs in 2018-19: CAG Feb 09, 2021 10:25 PM IST

    Govt received Rs 36,709 crore dividend from 100 PSUs in 2018-19: CAG

    CAG further said 13 government companies under the Ministry of Petroleum and Natural Gas contributed Rs 29,272 crore, representing 40.74 percent of the total dividend declared by all government companies and corporations.

  • Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG Jan 03, 2021 07:00 PM IST

    Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG

    In the first eight months of the current financial year, the state government incurred a revenue expenditure of Rs 70,082.90 crore, almost all of which went towards the numerous freebie schemes of the ruling YSR Congress.

  • CAG seeks details on banks' performance after recapitalisation: Report Dec 28, 2020 10:08 AM IST

    CAG seeks details on banks' performance after recapitalisation: Report

    In September, the Parliament approved capital infusion of Rs 20,000 crore into public sector banks (PSBs).

  • Indian Railways: 14% newly commissioned diesel locos failed within 100 days, not enough LHB coaches manufactured, says CAG Sep 30, 2020 03:07 PM IST

    Indian Railways: 14% newly commissioned diesel locos failed within 100 days, not enough LHB coaches manufactured, says CAG

    Defective material in loco manufacturing, bad workmanship main reasons. CAG also pulls up Railways on LHB coaches. A committee had recommended a switchover to the manufacture of these coaches by 2012. However, it came into effect only from April 1, 2018.

  • CAG report slams Centre for failing to utilise cesses for purposes intended by Parliament Sep 25, 2020 04:58 PM IST

    CAG report slams Centre for failing to utilise cesses for purposes intended by Parliament

    Not only was the revenue/fiscal deficit understated due to the non-transfer of money collected through various cesses to reserve funds, failure of the finance ministry to create or operate essential reserve funds makes it difficult to ensure that the cesses had been utilised for the specific purposes intended by Parliament, said the CAG.

  • CAG report on government finances slams Centre for 'unrealistic assessment of financial resources' Sep 25, 2020 02:51 PM IST

    CAG report on government finances slams Centre for 'unrealistic assessment of financial resources'

    Actual revenue receipts fell short of the RE by Rs 1.86 lakh crore (9.35 percent). As a result of this shortfall, despite compression of revenue expenditure as compared to the RE by Rs 1.42 lakh crore (5.94 percent), the actual revenue deficit was higher than anticipated by Rs 43,440 crore, CAG has found

  • Why the CAG found Indian Railways' finances in a sorry state Sep 25, 2020 01:06 PM IST

    Why the CAG found Indian Railways' finances in a sorry state

    The CAG peeked through Indian Railways’ window and found it was dressing up numbers. Including advance freight earnings has done little to tackle the national transporter’s continuing pain. Internal resource generation has dwindled and dependence on borrowings is rising

  • Constant rule tweaks, corporate reluctance make India’s defence offset policy ineffective Sep 24, 2020 02:12 PM IST

    Constant rule tweaks, corporate reluctance make India’s defence offset policy ineffective

    Defence industry experts say, while there have been many changes to offset and defence procurement policies by the government, defence contractors themselves are unwilling to bear the additional cost of offsets.

  • CAG says Indian Railways resorted to 'window dressing' of working expenses Sep 23, 2020 09:56 PM IST

    CAG says Indian Railways resorted to 'window dressing' of working expenses

    CAG said against the target of 92.8 percent in the Budget estimates, the operating ratio of Railways was 97.29 percent in 2018-19, which means Railways spent Rs 97.29 to earn Rs 100.

  • CAG questions Assam government's financial practices, doubts accuracy of accounts Aug 31, 2020 10:17 PM IST

    CAG questions Assam government's financial practices, doubts accuracy of accounts

    In its audit report on the the state's finances for the year ending March 31, 2019, which was tabled in the Assam Assembly on August 31, the CAG said the government failed to take corrective steps despite the auditor pointing out the lacunae every year.

  • CAG report on defence offset performance to be tabled in next Parliament session: FM Sitharaman Aug 22, 2020 08:05 PM IST

    CAG report on defence offset performance to be tabled in next Parliament session: FM Sitharaman

    The COVID-19 pandemic shortened the last session of Parliament due to which the CAG report was postponed

  • Former J&K Lt Governor GC Murmu takes charge as CAG Aug 07, 2020 08:25 AM IST

    Former J&K Lt Governor GC Murmu takes charge as CAG

    Girish Chandra Murmu, the former Lt. Governor of Jammu & Kashmir, was administered the oath of office and secrecy by President Ram Nath Kovind at Rashtrapati Bhavan.

  • Policy | Why PM CARES and other relief funds must be audited by CAG May 01, 2020 09:47 AM IST

    Policy | Why PM CARES and other relief funds must be audited by CAG

    The PM-CARES fund, just like the PMNRF and many CM relief funds, is opaque in its functioning, even as it collects donations using State apparatus

  • Politics | AAP’s victory makes a case for a strong city-state in India Feb 18, 2020 01:29 PM IST

    Politics | AAP’s victory makes a case for a strong city-state in India

    AAP's success in Delhi will strengthen the argument for more spending on subsidies towards public schemes at the state and central level.

  • Policy | The economics behind AAP’s freebies and its viability Feb 18, 2020 10:01 AM IST

    Policy | The economics behind AAP’s freebies and its viability

    While the AAP government is not running its schemes by borrowing money, Delhi’s revenue surplus is coming down with each passing year and its fiscal deficit is growing.