The Supreme Court on Thursday directed that former Unitech promoters Sanjay Chandra and Ajay Chandra be shifted from Tihar Jail in Delhi to Mumbai's Arthur Road Jail and Taloja prison in Maharashtra after the ED said they were conducting business from the premises in connivance with the staff.
Fraud is a big concern among many board members.
With increase in range and payload capability, Madhavan said the new variant will be much superior than Tejas Mark-IA, 73 of which are being procured by the Indian Air Force from the HAL under a Rs 48,000 crore deal that was approved by the government on January 13.
The Universal Service Obligation fund was set up in April 2002 and a statutory status was given to it.
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
Amidst a debate on controversies surrounding some of the Comptroller and Auditor General reports, the high level committee that went into the Commonwealth Games related projects, has suggested changes in the functioning and structure of top audit and vigilance bodies like the Comptroller and Auditor General making it a three-member body.
With media reports of audit raking up a coal scam, Prime Minister Manmohan Singh on Thursday said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.
In another huge embarrassment to the government after the 2G fiasco, the Comptroller and Auditor General (CAG) has estimated a Rs 10.6 lakh crore loss to the exchequer on account of allotment of coal blocks during 2004 to 2009 without auction to 100 private and public sector companies.
Against the backdrop of dispute over figures of presumptive loss in 2G spectrum allocation, the Comptroller and AG has said the draft report which had put Rs 2,645 crore as one of the loss figures could not "conclusively" bring out the potential loss and merely highlighted "possibilities."
The Comptroller and Auditor General on Friday dragged the Prime Minister's Office in the Commonwealth Games mess by saying that Suresh Kalmadi, who is jail for alleged irregularities, was appointed as Organising Committee chief at its behest in 2004 despite "serious objections" from within government.
Government auditor CAG has rapped five regulators, including Sebi, Irda and PNGRB, for keeping their surplus funds worth over Rs 2,142 crore collected through fee and penalty outside the government accounts.
A special audit will look into any pricing anomalies in the transactions between the two, according to a source. FTIL had a contract for helping the exchange with its technology needs.
Banerjee also criticised Dhankhar over his recent visit to North Bengal, claiming a conspiracy was being hatched to divide the region.
Slamming the Navy for finalising a deal for MiG 29K naval fighter aircraft without their weapons package, a Comptroller and Auditor General report Thursday said the maritime force has now chosen a missile with an "unsatisfactory track record" in the Indian Air Force.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Government auditor CAG also noted in a report that these demands are "unrealisable 100 per cent".
Holding that the Adarsh Housing scam was a classic case of fence eating the crops and 'consistent failure' of Centre and Maharashtra government, the Comptroller and Auditor General on Tuesday said rules were bent to benefit relatives of politicians, public servants and senior service officers including former Army chiefs Gen Deepak Kapoor and N C Vij.
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
New Companies Bill to propose equal responsibility of auditors, firms.
The CAG observed there was no change in the price of 'flyaway aircraft package'.
While higher fuel costs and irrational pricing are key concerns, infusion of funds to retire debt is crucial if Kingfisher Airlines has to improve its financials.
While higher fuel costs and irrational pricing are key concerns, infusion of funds to retire debt is crucial if Kingfisher Airlines has to improve its financials.
Cairn India and UK's BG Group too replied to audit observations.
The CAG, in its much-awaited report tabled in Parliament on Thursday, did not say if the capital expenditure for KG-D6 being raised from $2.4 billion proposed in 2004 to $8.8 billion in 2006 was unjustified or inflated.
All set for more public interactions even as PM has been critical of the apex auditor recently.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
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.
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.
The civil aviation ministry initiated and then made a mess of the merger of the erstwhile Indian Airlines with Air India, according to a Comptroller and Auditor General report.
Government auditor Comptroller and Auditor General has started a comprehensive audit into the role of armed forces, Coast Guard and Colaba administration in land allotment to the scam-tainted Adarsh Housing Society.
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
Comptroller and Auditor General Vinod Rai on Monday appeared before the Joint Parliamentary Committee, which is probing the 2G spectrum scam, to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore. Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.
United States aid worth one billion dollars has wound up in the hands of the Taliban and other insurgency groups, according to war analysts and government auditors
The Board of Control for Cricket in India, eagerly awaiting a response from the Justice Rajendra-Mal Lodha panel on the appointment of an independent auditor, may not get one by October 25 as the three-member committee is not likely to meet on Monday.
India's winning streak in elections to UN bodies demonstrates it is time for the country to become a permanent member of the Security Council and those who doubt this can no longer behave like "ostriches in sand", the Indian envoy to the world body has said.
The company's accounts were audited by CAG as its shareholders include public sector banks.
