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  • Maharashtra suffers loss due to undervaluation of property: CAG Aug 14, 2017 12:33 PM IST

    Maharashtra suffers loss due to undervaluation of property: CAG

    The CAG's revenue report, tabled on Friday before the monsoon session of the Maharashtra Legislature concluded, also showed that the outstanding amount on vehicle tax was as high as Rs 1,156.63 crore as on March 31, 2016.

  • Tax relief to luxury cars of social institutes serves no purpose: CAG report Aug 08, 2017 03:29 PM IST

    Tax relief to luxury cars of social institutes serves no purpose: CAG report

    While the Motor Vehicle Tax Rules provided for exemption from payment of tax for some charitable, cultural, welfare or philanthropic institutions. The government has not issued any notification listing eligible institutions for allowing such exemption under the Rules.

  • 33% firms with RoC not in income tax database: CAG Aug 04, 2017 07:56 PM IST

    33% firms with RoC not in income tax database: CAG

    Government auditor CAG said that about one-third of the firms, listed with the Registrar of Companies (RoC), were not in the database of the Income Tax Department.

  • FCI could have saved Rs 36K cr if subsidy came on time: CAG Aug 04, 2017 07:36 PM IST

    FCI could have saved Rs 36K cr if subsidy came on time: CAG

    State-run Food Corporation of India (FCI) would have saved Rs 35,701.81 crore interest burden during 2011-16 had the government released food subsidy on time, the CAG said.

  • CAG pulls up MRPL for frequent plan revision resulting in cost overruns Aug 02, 2017 06:34 PM IST

    CAG pulls up MRPL for frequent plan revision resulting in cost overruns

    The report finds that the company did not use the ECB loan resulting in some funds lying idle as far as phase 3 implementation was concerned

  • Railways start process of phasing out of blankets in AC coaches Aug 01, 2017 08:13 PM IST

    Railways start process of phasing out of blankets in AC coaches

    After the CAG report, the Railways began the process of doing away with providing blankets in AC compartments and is instead regulating the temperature inside the coaches so that passengers don't shiver.

  • Centre financed 60% of expenditure of J&K govt in FY16: CAG Aug 01, 2017 02:59 PM IST

    Centre financed 60% of expenditure of J&K govt in FY16: CAG

    "The non-debt resources transferred by the central government... financed 60 per cent of the total expenditure of the state government during 2015-16," stated the CAG report for the year to March 2016.

  • Jammu and Kashmir govt yet to complete 938 projects for Rs 4,484 cr: CAG Aug 01, 2017 08:42 AM IST

    Jammu and Kashmir govt yet to complete 938 projects for Rs 4,484 cr: CAG

    The incomplete projects had a total sanctioned cost of Rs 3,944.45 crore which was revised to Rs 4,484.68 crore, reveals the latest CAG report on state finances for the year ended March 31, 2016.

  • CAG raises concerns over PSBs' ability to raise funds, raps them over NPA issues Jul 28, 2017 08:03 PM IST

    CAG raises concerns over PSBs' ability to raise funds, raps them over NPA issues

    The government auditor has also found that most PSBs have a lower market value compared to their book value, because of which they could have a difficulty in approaching markets for additional capital infusion

  • Agriculture Insurance Company of India Limited : All you need to know Jul 26, 2017 01:03 PM IST

    Agriculture Insurance Company of India Limited : All you need to know

    Agriculture Insurance Company of India Limited (AIC) is given the responsibility to offer agriculture insurance schemes to those in need. It is run by the Government of India.

  • States delay flood control projects by 13 years: CAG Jul 24, 2017 01:09 PM IST

    States delay flood control projects by 13 years: CAG

    Eight states including Assam, Arunachal Pradesh and Bihar have delayed the approval of project reports for flood control

  • Mumbai, Kolkata, other major ports incur over Rs 53cr loss: CAG Jul 23, 2017 02:06 PM IST

    Mumbai, Kolkata, other major ports incur over Rs 53cr loss: CAG

    Some of the 12 major ports, including Mumbai and Kolkata, have lost over Rs 53.5 crore on account of under-recovery or revenue loss, government auditor CAG has said

  • Increase funds in STCs to compensate accident victims: CAG Jul 23, 2017 01:47 PM IST

    Increase funds in STCs to compensate accident victims: CAG

    The Comptroller and Audit General (CAG) has recommended an increase in funds for State Transport Corporations to meet the claims of accident victims.

  • CAG: 'Avoidable expenses, irregularities at IITs cost Rs 18.03 cr' Jul 22, 2017 10:40 AM IST

    CAG: 'Avoidable expenses, irregularities at IITs cost Rs 18.03 cr'

    Besides, Indian Institute of Management - Kozhikode has also been accused of extending GPF-cum-pension scheme to its employees without government approval.

  • Nearly two out of three farmers unaware of insurance schemes, govt fails to keep records : CAG Jul 21, 2017 09:35 PM IST

    Nearly two out of three farmers unaware of insurance schemes, govt fails to keep records : CAG

    A CAG report, tabled in Parliament on Friday, pointed out many anomalies in the implementation of schemes like National Agriculture Insurance Scheme (NAIS) and Pradhan Mantri Fasal Beema Yojana (PMFBY)

  • Telecom woes: CAG finds underestimation of revenues by 6 telcos Jul 21, 2017 02:36 PM IST

    Telecom woes: CAG finds underestimation of revenues by 6 telcos

    More bad news coming in for telecom companies. Comptroller and auditor general (CAG) audits six private telecom companies and finds understatement of adjusted gross revenue (AGR) of Rs 61,064 crore between FY11 and FY15.

  • Non-performing PSUs bleeding UP's coffers dry May 22, 2017 10:43 AM IST

    Non-performing PSUs bleeding UP's coffers dry

    A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.

  • Public Accounts Committee demands appraisal of government  schemes May 09, 2017 09:38 PM IST

    Public Accounts Committee demands appraisal of government schemes

    In the first meeting of PAC headed by its new chairman, Congress leader Mallikarjun Kharge, members also raised the issue of tax evasion by companies by misusing trusts, a PAC member present at the meeting said.

  • Government plans ambitious development of Mumbai and other city port lands Apr 17, 2017 03:00 PM IST

    Government plans ambitious development of Mumbai and other city port lands

    Pointing out that the Mumbai Port Trust (MbPT) is the biggest landlord in the city, Union Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has revealed plans for a dream project, to develop &#82

  • No poor will be deprived by making Aadhaar mandatory: Govt Apr 10, 2017 08:35 PM IST

    No poor will be deprived by making Aadhaar mandatory: Govt

    Accusing the Congress of painting Aadhaar as a curse, the government Monday asserted that no poor person would be deprived of the subsidy benefits by making the Aadhaar mandatory and that privacy of individuals will be protected.

  • AAI incurred Rs 70 crore losses, says CAG report Apr 05, 2017 07:11 PM IST

    AAI incurred Rs 70 crore losses, says CAG report

    The Airports Authority of India (AAI) incurred over Rs 70 crore loss, partly due to non-inclusion of certain portion of land in relation to lease agreement for the Delhi airport, CAG said today.

  • CAG to audit fallout of demonetisation Mar 26, 2017 12:33 PM IST

    CAG to audit fallout of demonetisation

    The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the affect it has had on government tax revenues, said CAG Shashi Kant Sharma.

  • Lavasa City owes Pune Rs 4 crores in land tax Mar 20, 2017 05:00 PM IST

    Lavasa City owes Pune Rs 4 crores in land tax

    The Public Accounts Committee (PAC) of the Maharashtra assembly has pointed out that Lavasa City Corporation‘s various tax liabilities in Pune district, included Rs 3.97 crores of land tax. The company had purchased 214 &#82

  • Air India profitable under GAAP, says Jayant Sinha Mar 15, 2017 08:38 PM IST

    Air India profitable under GAAP, says Jayant Sinha

    While acknowledging that there is a grey area associated with depreciation charge that CAG has brought up, Union Minister Jayant Sinha said, "We think from an accounting perspective the number we have put through is quite reasonable".

  • CAG says AI's loss at Rs 321 cr; airline claims profitability Mar 11, 2017 08:20 AM IST

    CAG says AI's loss at Rs 321 cr; airline claims profitability

    The CAG today said Air India "actually incurred" an operating loss of Rs 321.4 crore in 2015-16, even the airline maintained it had an operating profit of Rs 105 crore based on generally accepted accounting standards.

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