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  • 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.

  • Non-compliance of govt directives by CPSEs led to shortfall of Rs 9,417 cr in dividend: CAG Dec 10, 2019 08:45 PM IST

    Non-compliance of govt directives by CPSEs led to shortfall of Rs 9,417 cr in dividend: CAG

    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.

  • Railways' spent Rs 98.44 in FY18 to earn every Rs 100, its worst operating performance in a decade Dec 02, 2019 04:50 PM IST

    Railways' spent Rs 98.44 in FY18 to earn every Rs 100, its worst operating performance in a decade

    An operating ratio of 98.44 per cent means that the railways spent Rs 98.44 to earn Rs 100.

  • PM Modi asks CAG to develop innovative methods to check frauds in govt departments Nov 21, 2019 07:49 PM IST

    PM Modi asks CAG to develop innovative methods to check frauds in govt departments

    Modi was addressing a conclave of the Comptroller of Auditor General (CAG) on transforming audit and assurance in a digital world.

  • Still a long way to go to raise public health expenditure to 2.5% of GDP Jul 08, 2019 08:26 PM IST

    Still a long way to go to raise public health expenditure to 2.5% of GDP

    The report, tabled in Parliament on July 8, noted that public health expenditure as a percentage of GDP has been increasing since 2015-16 but it has remained within a narrow band of 1.02 - 1.28 per cent of GDP.

  • Service tax arrears rise to Rs 1.66 lakh crore in FY18: CAG report Jul 01, 2019 07:22 PM IST

    Service tax arrears rise to Rs 1.66 lakh crore in FY18: CAG report

    The report has 263 audit paragraphs containing 369 audit observations on central excise and service tax, having financial implication of Rs 465.55 crore.

  • CAG to carry out structural audit of Mumbai's bridges: Govt Jun 26, 2019 06:48 PM IST

    CAG to carry out structural audit of Mumbai's bridges: Govt

    The government made the announcement about CAG audit of Mumbai's bridges, which have been in news recently due to faulty work, in the Legislative Council.

  • Finance Commission to reconcile multiple data sources before submitting report: NK Singh May 10, 2019 07:07 PM IST

    Finance Commission to reconcile multiple data sources before submitting report: NK Singh

    The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.

  • Cabinet clears additional post of Deputy CAG Apr 15, 2019 01:48 PM IST

    Cabinet clears additional post of Deputy CAG

    "The Union Cabinet...has given its approval to create one post of Deputy CAG (Coordination, Communication and Information System) in Pay Level-17 (by abolishing one STS level post) in the Office of Comptroller & Auditor General(CAG) of India," an official statement said.

  • CAG pulls up Uttarakhand govt for poor implementation of reconstruction projects  post 2013 calamity Feb 22, 2019 04:30 PM IST

    CAG pulls up Uttarakhand govt for poor implementation of reconstruction projects post 2013 calamity

    The Comptroller and Auditor General report on reconstruction of infrastructure in the calamity-hit areas tabled in Uttarakhand Assembly on Friday cited a number of loopholes in the implementation of the reconstruction projects, including non-execution of several projects and under-utilisation of the approved outlay by the central government for the purpose.

  • Real estate sector should form an internal self-regulation mechanism: Venkaiah Naidu Feb 14, 2019 07:44 PM IST

    Real estate sector should form an internal self-regulation mechanism: Venkaiah Naidu

    The real estate sector has come under severe scrutiny from the apex court and consumer rights bodies due to some unethical practices followed by certain entities, he said.

  • CAG has allowed itself to become a joke: P Chidambaram Feb 14, 2019 04:32 PM IST

    CAG has allowed itself to become a joke: P Chidambaram

    The CAG is not God, he said, apparently rejecting the ruling BJP's contention that the national auditor's report should be the final word on the contentious issue.

  • CAG report on Rafale does not mention dissenting note, not worth paper its written on: Rahul Gandhi Feb 13, 2019 05:38 PM IST

    CAG report on Rafale does not mention dissenting note, not worth paper its written on: Rahul Gandhi

    Gandhi's dismissal of the Comptroller and Auditor General report came hours after the paper was tabled in Parliament.

  • NDA's Rafale aircraft 2.8% cheaper than UPA's price, says CAG report Feb 13, 2019 01:20 PM IST

    NDA's Rafale aircraft 2.8% cheaper than UPA's price, says CAG report

    The CAG report titled “Capital Acquisition in Indian Air Force” was tabled in the Rajya Sabha on February 13

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