Feb 09, 2021 10:25 PM IST
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.
- Jan 03, 2021 07:00 PM IST
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.
- Dec 28, 2020 10:08 AM IST
In September, the Parliament approved capital infusion of Rs 20,000 crore into public sector banks (PSBs).
- Sep 30, 2020 03:07 PM IST
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.
- Sep 25, 2020 04:58 PM IST
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.
- Sep 25, 2020 02:51 PM IST
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
- Sep 25, 2020 01:06 PM IST
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
- Sep 24, 2020 02:12 PM IST
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.
- Sep 23, 2020 09:56 PM IST
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.
- Aug 31, 2020 10:17 PM IST
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.
- Aug 22, 2020 08:05 PM IST
The COVID-19 pandemic shortened the last session of Parliament due to which the CAG report was postponed
- Aug 07, 2020 08:25 AM IST
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.
- May 01, 2020 09:47 AM IST
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
- Feb 18, 2020 01:29 PM IST
AAP's success in Delhi will strengthen the argument for more spending on subsidies towards public schemes at the state and central level.
- Feb 18, 2020 10:01 AM IST
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.
- Feb 03, 2020 04:22 PM IST
The most charitable interpretation of the Budget is it has lost an opportunity to invigorate the economy.
- Feb 03, 2020 10:03 AM IST
The states’ share of revenue is being cut drastically
- Dec 23, 2019 12:14 PM IST
Airline is no jewel. It has accumulated losses in excess of Rs 50,000 crore and is a drain on the national exchequer
- Dec 16, 2019 03:48 PM IST
The government would do well to usher in auditing reforms
- Dec 10, 2019 08:45 PM IST
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 profits.
- Dec 05, 2019 09:54 AM IST
The CAG report should serve as a cornerstone to clean up the books of Indian Railways
- Dec 02, 2019 04:50 PM IST
An operating ratio of 98.44 per cent means that the railways spent Rs 98.44 to earn Rs 100.
- Nov 21, 2019 07:49 PM IST
Modi was addressing a conclave of the Comptroller of Auditor General (CAG) on transforming audit and assurance in a digital world.
- Aug 12, 2019 01:47 PM IST
The input tax credit (ITC) model of GST owed its origin to the premise of ‘matched invoices’. But it has become too problematic.
- Aug 02, 2019 12:44 PM IST
Billed as a good and simple tax, GST needs a feel good factor. The sooner the government realises, the better.