Comptroller And Auditor General

Cost overruns, lack of consensus are leading to delays. The ministry is hoping to get funding and approvals for one project at a time.

It’s time for the CAG to undergo a performance audit

There is no political consensus yet to reform the institution and make it useful to democracy

With operating ratio of 107.39%, Railways could not generate surplus in 2021-22: CAG

The CAG’s report on railways finances presented in Parliament on August 8 provides an analytical review of the finances and accounts of the Indian Railways and is based on the audited accounts for the financial year ended March 31, 2022.

CAG report highlights nexus between Noida builders and officials, unchecked violation of rules by Authority

Three builders named Wave, Three C and Logix Group cornered 80% of commercial projects between 2005 and 2018. Up to 63% of housing projects allotted by Noida authority were incomplete or partially completed, national auditor finds in scathing report.

CAG flags anomalies in accounts of units under IT, telecom ministries

In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications.

Comptroller and Auditor General GC Murmu becomes external auditor of IAEA

The Ministry of External Affairs (MEA) said GC Murmu's candidature received majority support of the IAEA general conference and his tenure will be for six years, from 2022 to 2027.

CAG to audit COVID-19 pandemic management in 8 states

The Comptroller and Auditor General will conduct study and field visits in West Bengal, Karnataka, Maharashtra, Madhya Pradesh, Uttar Pradesh, Rajasthan, Chhattisgarh and Telangana to audit COVID-19 pandemic management.

Temporary retention of GST cess pending reconciliation not diversion: FinMin

Time taken in reconciliation of compensation receipts can't be termed as diversion of GST cess fund when the dues to states were fully released by the central government, finance ministry sources said.

CAG audit reveals forging of accounts, false LTC claims in some government bodies

In two audits, the CAG said government press employees had forged documents to claim higher LTC and that book entries of the Central Silk Board revealed tampering with figures.

Dassault Aviation, MBDA yet to fulfil offset obligations under Rafale deal: CAG

The Dassault Aviation is the manufacturer of the Rafale jets while the MBDA supplied the missile systems for the aircraft.

CAG holds meeting with ministries to seek suggestions on auditing

This would help in understanding their concerns and would also supplement the risk-assessment exercise being undertaken by the CAG in the course of finalising the annual plan of audit activities.

Over Rs 2.18-lakh cr cess collected by govt remains unutilised: CAG report

The issue of short-transfer and under-utilisation of cess collected in the Consolidated Fund of India for their dedicated accounts has been a recurring problem for many years.

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.

Vyapam Scam: Remove Shivraj Chouhan as Madhya Pradesh CM, Ajay Singh writes to PM Modi

Leader of Opposition in Madhya Pradesh Assembly Ajay Singh on Monday urged Prime Minister Narendra Modi to remove Shivraj Singh Chouhan from the post of chief minister in the wake of CAG observations in Vyapam scam.

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

Centre to compensate states every quarter for GST revenue loss

The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.

Noida Toll Bridge retrenched 80, laid off 143 after SC order

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.

Vinod Rai slams banks for inaction on bad loans

Banks Board Bureau chief Vinod Rai said that the managements of banks are reluctant to take decisions on recasting debt in spite of the concerns that rising bad loans are holding back the country‘s economy.

Sheer size of NPAs making headlines: Vinod Rai

The former comptroller and auditor general (CAG), who is also working to address the bad loan menace, has said the country has become all too familiar with the nexus between "big business and politics" even as he believes that there is a new wave of transparency.

FRBM disclosure statements should be transparent,complete: CAG

Highlighting inconsistency in the government data, the Comptroller and Auditor General (CAG) today suggested that the Centre should take steps to ensure that FRBM disclosure statements are transparent and complete in all respects.

Only Rs 1,764 cr subsidy saved by DBT scheme on LPG: CAG

In a report tabled in Parliament, the Comptroller and Auditor General said "the actual subsidy payout during the period from April 2015 to December 2015 was Rs 12,084.24 crore as against Rs 35,400.46 crore during April 2014 to December 2014."

CAG seeks debate on auditing regulators

CAG Shashikant Sharma led the debate on the need to audit financial sector regulators to check effectiveness in dealing with frauds

CAG to audit crop insurance schemes in nine states

The performance audit will include examination of records of Department of Agriculture Cooperation and Farmers Welfare, Agriculture Insurance Company of India Limited, State Agriculture Department and other related departments, the RBI said while asking banks to provide access to related records to the auditor.

Food law rolled out in 33 states/UTs: Government

The Comptroller and Auditor General, which evaluated preparedness of 18 states/UTs for implementation of the law in its audit report released today, blamed the Centre for delay in implementation of the NFSA and extending its rollout thrice without Parliament approval.

CAG suggests better monitoring of rail projects

Taking note of the safety related works, CAG observed as many as 37 works related to Complete Track Renewal, Through Rail Renewal and Through Sleeper Renewal were included in the 145 completed works.