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.
- 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 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.
- Jul 08, 2019 08:26 PM IST
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.
- Jul 01, 2019 07:22 PM IST
The report has 263 audit paragraphs containing 369 audit observations on central excise and service tax, having financial implication of Rs 465.55 crore.
- Jun 26, 2019 06:48 PM IST
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.
- May 10, 2019 07:07 PM IST
The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.
- Apr 15, 2019 01:48 PM IST
"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.
- Feb 22, 2019 04:30 PM IST
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.
- Feb 14, 2019 07:44 PM IST
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.
- Feb 14, 2019 04:32 PM IST
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.
- Feb 13, 2019 05:38 PM IST
Gandhi's dismissal of the Comptroller and Auditor General report came hours after the paper was tabled in Parliament.
- Feb 13, 2019 01:20 PM IST
The CAG report titled “Capital Acquisition in Indian Air Force” was tabled in the Rajya Sabha on February 13