Cag

One of the biggest changes the Bill intends to make include changing the way the Railway Board is constituted. The proposed legislation seeks to set up an independent regulator for Indian Railways, which will grant autonomy to railway zones and improve the finances of the state-run carrier.

K. Sanjay Murthy appointed as new Comptroller and Auditor General. Who is he?

He is currently serving as the secretary of the higher education department in the Union ministry of education

Without development of rural India, difficult to achieve Viksit Bharat goal by 2047: CAG

Noting that decentralisation of power has not taken to the extent it should have happened, he said, gram sabha or rural bodies are yet to get its due importance in the federal structure.

Parl Committee likely to summon SEBI; FinMin to submit detailed accounts of SEBI to PAC today

Finance Ministry has to submit details to the Parliament secretariat today. The PAC has asked for Sebi’s accounts, the CAG audit and internal observations for FY23 and FY24. Sebi chairperson Madhabi Buch is likely to be summoned when PAC meets next.

Indian Railways mulls panel to improve PSU coordination after CAG flags Rs 2,604-crore loss

The Comptroller and Auditor General of India has flagged financial losses to the Indian Railways in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures.

Govt’s ambitious Bharatmala project appears to be in slow lane

Cost overruns, lack of consensus are leading to delays. The ministry is hoping to get funding and approvals for one project at a time.

Fin Secy Somanathan bats for change in CAG's performance audit culture

Given the current approach of the CAG around performance audits, there is great reluctance to take risks among bureaucrats and that is one of the reasons why things are slow in government, the finance secretary said.

It’s time for the CAG to undergo a performance audit

There is no political consensus yet to reform the institution and make it useful to democracy

Parl panel asks about '50 missing monuments', recommended urgent survey by ASI

The report by the Department-related Parliamentary Standing Committee on Transport, Tourism and Culture was presented to the Rajya Sabha and tabled in the Lok Sabha on September 21.

MC Exclusive I Dwarka Expressway construction has not incurred cost overruns: Nitin Gadkari

The Union Minister of Road Transport and Highways said that the Dwarka Expressway project has many tunnels, bridges, and bridges over bridges, and the base cost has been set around Rs 18.5 crore per km.

Assam power projects abandoned, suspended for failing to follow policy requirements, says CAG

It also pointed to delay ranging from six to nine years in commissioning of two other power projects.

Road ministry says cost overruns in Dwarka Expressway flagged by CAG report a 'gross mis-representation'

MoRTH said the average cost of special projects enveloping substantial lengths of bridges/via-ducts/tunnels under Phase-I of the Bharatmala Pariyojna stands at around Rs 152 crore/km.

Fiscal Deficit declines to 4.03 percent, higher than FRBM Act target

The Revenue Deficit of the State Government was Rs 25,870 crore during the year 2021-22.

AAP slams CAG audit in Kejriwal's residence renovation, says it betrays BJP's 'desperation'

The ruling party's sharp reaction came after Raj Niwas officials informed that the Comptroller and Auditor General (CAG) of India will conduct a special audit into the alleged "irregularities and violations" in the "reconstruction" of the chief minister's residence.

Kejriwal residence renovation: CAG to conduct ‘special audit’ into alleged irregularities

The move comes after the Centre recommended an audit by the CAG, after taking note of the letter received from the Lieutenant Governor that pointed out the "gross and prima facie financial irregularities"

Odisha train tragedy: Derailment warning sounded out in Dec goes unheeded. Disaster returns in its worst form

CAG report said almost 7 out of 10 rail accidents between 2017-18 and 2020-21 were derailments. Track defects, engineering and maintenance issues, and operating errors were the causes of these derailments but little was done to avert similar accidents

CAG-Rajasthan Treasury Wrangle: Balance state's control over finances with CAG's mandate for accountability, transparency

The state government may be allowed to maintain pay and pension accounts but CAG has the sole power to prescribe the form of accounts and to conduct audits. This will meet the ends of federalism and good governance practices

Blue economy occupies vital position in India's economic growth: CAG

India has a 7,517 km long coastline that is home to nine coastal states and 1,382 islands. The coastal economy sustains over 4 million fishermen and other coastal communities.

Artificial Intelligence to be a game changer in govt audit space: CAG

The potential benefits of applying AI techniques to the audit processes are substantial/ and have already been identified through several use cases, he said in his closing remarks at the SCO SAI Leaders meeting here.

Post AIIMS attack, govt bodies on high alert, issue multiple security advisories

The cyber attack on All India Institute of Medical Sciences last year left centralised records inaccessible. Hospital services such as generation of unique health identification numbers, new registrations, laboratory reports, billing and patient discharge were also hit.

GSAT-6 largely unutilised as ground segment not ready: CAG

According to the Compliance Audit on Scientific and Environmental Ministries/Departments of Union Government by the CAG, the Department of Space (DOS) launched the GSAT-6 at a cost of Rs 508 crore but was unable to utilise the satellite as envisaged due to non-readiness of its ground segment.

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

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

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

A creative tension exists between the government and its internal auditor