Dec 19, 2017 09:05 PM IST
In a report tabled in Parliament, CAG observed that ministries have surrendered large portion of money allocated towards schemes like Nirbhaya, Make in India, National Investment and Infrastructure Fund, etc.
- Dec 19, 2017 03:06 PM IST
The Food Safety and Standards Authority of India (FSSAI) also failed to ensure that unsafe foods are not imported to the country, said the Comptroller and Auditor General of India (CAG) in its performance audit report on Implementation of Food Safety and Standards Act 2006.
- Aug 02, 2017 06:34 PM IST
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
- Jul 28, 2017 08:03 PM IST
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
- Jul 21, 2017 02:36 PM IST
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.
- Mar 10, 2017 07:40 PM IST
Apex auditor CAG today said Air
India "actually incurred" an operating loss of Rs 321.4 crore
last fiscal instead of an operating profit as reported by the
- Nov 25, 2016 11:12 AM IST
The company spends around Rs 95 lakh per month on road maintenance and employed around 450 people but now they are not able to maintain the full strength of employment post the order. Raj Bhargava, Chairman, Noida Toll Bridge Company.
- Aug 20, 2016 04:25 PM IST
At the book launch event of former Reserve Bank of India Governor Duvvuri Subbarao's Who Moved My Interest Rates, former Finance Minister P Chidambaram took part in a panel discussion and offered his take on some of contentious issues raised by the ex-central bank chief.
- Aug 11, 2016 01:54 PM IST
The Department of Telecommunication (DoT) has served notices to top telecom companies acting on a report by the Comptroller and Auditor General of India (CAG) alleging under-reporting of revenues, reports CNBC-TV18.
- Apr 08, 2016 10:00 PM IST
The Bureau, headed by former comptroller and auditor general of India (CAG) Vinod Rai, also discussed strategies for recapitalising banks and making them more competitive, Minister of State for Finance Jayant Sinha told reporters.
- Mar 11, 2016 05:29 PM IST
Under-invoicing of revenue by six telecom operators including Reliance Communications, Vodafone and Airtel caused Rs 12,488 crore loss to exchequer, the CAG said in a damning report today.
- Mar 08, 2016 09:17 PM IST
The ministry has asked state-owned gas utility GAIL India Ltd to charge a rate equivalent to price of imported liquefied natural gas (LNG) for regulated domestic gas, called APM gas, used by fertiliser plants for manufacturing non-urea products.
- Dec 01, 2015 05:12 PM IST
Raghuram Rajan says a lot of cleaning up has been done to remove some of the legacy issues. He feels power sector reforms and cleaning up of balance sheets will help unclog some sectors
- May 13, 2015 09:40 PM IST
The alleged irregularities in the grant of land at concessional rates for operations to GMR has come under the scanner of the CBI.
- May 11, 2015 10:04 PM IST
GMR's Delhi International Airport is finding itself in the Comptroller & Auditor General's cross-hairs once again. This time, sources say the CAG wants a special audit to see if the Airports Authority of India is losing out on revenues, reports CNBC-TV18‘s Sindhu Bhattacharya and Malvika Jain.
- Dec 31, 2014 01:26 PM IST
The Department of Telecom, however, is optimistic of getting 5 Mhz of 3G spectrum (2100 Mhz band) from the Defence Ministry.
- Nov 28, 2014 07:47 PM IST
The CAG report shows that SEZs are being taxed about 37 percent, which is higher than domestic tariff areas. But the government is not ready to make life easier for SEZs just yet.
- Oct 29, 2014 06:48 PM IST
The CAG reports on 2G telecom spectrum allocation and coal mine allotment which carried figures of notional losses to the tune of Rs 1.76 lakh crore and Rs.1.84 lakh crore respectively had caused tremendous discomfort for the UPA government and the Congress party that headed the coalition.
- Oct 16, 2014 06:57 PM IST
Companies that are under are ICICI Lombard, HDFC Ergo and GIC Re, with sources indicating that ICICI Lombard and HDFC Ergo have got tax notice.
- Sep 09, 2014 06:24 PM IST
Vedanta believes that their coal blocks should not be cancelled if there is no case of criminality.
- Sep 08, 2014 12:46 PM IST
Harshvardhan Dole, VP Research - Institutional Equities, IIFL does not expect final judgment by the Supreme Court tomorrow as many companies are in the process of filing affidavits, as suggested by the Attorney General. However, he is confident of the final verdict being announced in a few weeks.
- Sep 05, 2014 10:57 AM IST
Amid talks of a new telecom super regulato that could replace the existing Telecom Regulatory Authority of India (TRAI), former TRAI chairman Khullar discussed the merits and demerits of such a proposal.
- Sep 04, 2014 06:00 PM IST
According to the audit, many insurance companies wrongfully availed of the central value-added tax (CENVAT) scheme to avoid taxes on certain services.
- Sep 01, 2014 06:39 PM IST
Mukul Rohatgi on his part said that it would not be appropriate to cancel all the coal blocks. He has asked the Supreme Court also to come out with a ruling fast so that decision making is not delayed and the government can actually expeditiously move towards auction of blocks.
- Feb 21, 2014 10:00 AM IST
Pramod Deo, Former Chairperson of CERC says these allegations basically mean that there is lack of faith in electricity act and the regulator. He however makes it clear that in no way is he defending the regulators and saying that they are doing their jobs well. "There is always scope for improvement," he adds.