For some, he's a bully and probable 'blackmailer' who targeted the rich and famous, especially in Bollywood, for fame, and allegedly, ransom. For others, he's finally the one brave narc who decided to do his job, no matter how powerful his quarry, observes Shekhar Gupta.
Research reports say insurance agents are likely to sell you unsuitable products. So, you should know your requirements and premium paying ability.
With the figure of Rs 1.76 lakh crore loss in 2G spectrum allocation being disputed, Comptroller and Auditor General Vinod Rai and other officials of the government auditor will be asked to appear before the Joint Parliamentary Committee looking into the issue.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co. has sought an extension for three months from mid-July.
As CAG found Reliance Industries was being favoured in gas exploration deal to the government's detriment, former Prime Minister Manmohan Singh told the then top auditor Vinod Rai that audit should not hurt the private sector and RIL was one of the biggest and most respected.
Reliance Infrastructure is fully geared to deliver the project in 60 months from the appointed date of June 24, 2019, as per the contract, Reliance Infrastructure said in a BSE filing.
In the Companies Bill, the Ministry stipulates that no company can appoint or re-appoint an individual or a firm as auditor for more than five consecutive years.
Government auditor, the Comptroller and Auditor General has found that not all disease outbreaks and chemical accidents taking place in different parts of the country are reported to Central authorities which could effect the response to epidemics.
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
The Comptroller and Auditor General reports saw senior politicians, powerful ministers and top bureaucrats end up in jail. Thanks to those reports, public scams such as 2G, Coalgate and the Commonwealth Games became part of the popular discourse.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
The Central Bureau of Investigation, which is probing the quid pro quo investment case against YSR Congress chief Y S Jaganmohan Reddy, filed one more supplementary chargesheet on Monday.
It asks banks to take immediate action against officials responsible for lapses.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Comptroller and Auditor General Vinod Rai, whose reports on irregularities in coal block allocations and 2G telecom spectrum had created a major political storm, deprecated the "brazenness" with which the decisions were being taken, calling it "appalling".
The Bharatiya Janata Party, however, said the governor is acting within his constitutional parameters while the "TMC is scared".
Attacking the Congress over former Comptroller Auditor General Vinod Rai's claims, Bharatiya Janata Party on Sunday said the opposition party stood "exposed" and demanded that the identity of leaders who "approached him" to drop names of those involved in scams during the United Progressive Alliance regime be revealed.
Government is considering a proposal to make Comptroller and Auditor General (CAG) into a multi-member body, a move that came under sharp criticism from the opposition and civil society.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
If suitable action is not taken in corruption cases, it becomes normalised in society, the prime minister said. When a generation sees that a corrupt person in the family is let off without or very little punishment, their courage to indulge in corrupt activities grows manifolds, he said.
India's mainstream naval fighter jet plane MiG-29K faces operational deficiencies due to defects in engines, airframe and fly-by-wire system leading to very low availability.
Finance Minister P Chidambaram on Tuesday said he intends to work with CAG to erase the impression of adversaries in an attempt to restore trust and confidence in all institutions.
Addressing a Comptroller and Auditor conference in New Delhi, Chidambaram said the official auditor and the government have been cast as adversaries to each other in the aftermath of recent audit findings.
The auditor of government accounts, CAG, has faulted the Income Tax department for levying Rs 708.6 crore less in taxes from companies including State Bank of India, Tata Sons, Mahindra & Mahindra and Bharti.
Trying to wriggle out of the controversy over Union Minister V Narayansamy's remarks on the Comptroller and Auditor General, the Congress on Monday indicated that the government will not go in for changes in the auditor's institutional mechanism based on the "activities of a person".
Disagreements over scope of audit cropped up on the very first day the Comptroller and Auditor General of India began to the second round of audit of spendings on eastern offshore KG-D6 fields with RIL alleging that the auditor was not confirming if the accounts scrutiny would be as per the provisions enshrined in the Production Sharing Contact.
Amid furore over coal blocks allocation, the government will place its views before Parliament's Public Accounts Committee by September 14 on the observations made by the Comptroller and Auditor General. "The coal ministry will submit its comments to the PAC on CAG's observations on coal blocks allocations by September 14," said a top coal ministry official.
Looking to better serve the interests of all stakeholders, the government on Thursday approved amendments to Companies Bill 2011, including changes related to spending on CSR activities.
Sebi said Thapar-promoted and -related entities owed Rs 1,723.19 crore as receivables to the company, while connected parties owed another Rs 462.74 crore.
Keeping up the government's attack on the Comptroller and Auditor General, Union minister V Narayanasamy on Friday said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction.
Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.
The govt auditor also indicts DGH and management committee of D1 and D3 fields
Bharatiya Janata Party leader Kirit Somaiya on Tuesday demanded a special Comptroller and Auditor General audit into the alleged irregularities related to the construction of Maharashtra Sadan building along with an inquiry into certain 'benami' companies, which he claimed, had been floated by two state ministers.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Stung by the Comptroller and Auditors General report on notional revenue loss in coal blocs allocation, Congress on Thursday asked the national auditor to respond to the debate triggered by its findings about its methodology and working style.
The Comptroller and Auditor General can do a performance audit of production sharing contracts
United Progressive Alliance key ally Dravida Munnetra Kazhagam on Monday strongly pitched for a multi-member Comptroller and Auditor General, saying the recent flopped auction of 2G spectrum that netted only about Rs 9,000 crore had proved wrong the top auditors' report pegging the presumptive loss in 2G allocation at Rs 1.76 lakh crore.
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