In 2012, Diageo signed a deal to buy stake in USL.
No irregularities in farm debt waiver scheme: Pawar
With CAG alleging that Mukesh Ambani-run Reliance Industries was delaying furnishing of records for audit, Oil Minister M Veerappa Moily on Friday said there was no problem and "everybody" was cooperating.
There are inconsistencies and doubtful provisions in Companies Bill.
Currently, the appointment is at he discretion of the Prime Minister. It needs to be more transparent and non-partisan.
Comptroller and Auditor General Vinod Rai on Saturday said that he did not foresee any dilution in the powers of CAG if the organisation is converted into a multi-member body.
Typically these are high-beta stocks and earnings are volatile
A bench headed by Chief Justice Altamas Kabir sought response from the Centre and the three intelligence wings for bringing the agencies under the oversight of Parliament and the Comptroller and Auditor General.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
A fresh public interest litigation was Monday filed in the Supreme Court claiming that the appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India was arbitrary and made without any transparency.
The Public Accounts Committee of Delhi assembly has started examining the Comptroller and Auditor General's report on the Commonwealth Games, which had indicted Chief Minister Sheila Dikshit and her government for alleged irregularities in the implementation of various projects. In its first meeting on Tuesday, a number of senior officials from the public works department deposed before the nine-member PAC headed by senior Congress member Prahlad Singh Sawhney.
Anti-corruption activist Anna Hazare on Sunday claimed to have sufficient proofs of alleged irregularities committed in the farmers' loan waiver scheme of the Centre which was brought out by a Comptroller and Auditor General report recently.
He replaced Vinod Rai, who superannuated on Wednesday after five-and-a-half years of eventful tenure as the head of CAG.
Vikash Metal & Power says it lost a building and other stuff worth Rs 90 cr to an "incident of robbery" and auditors endorsed it
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
Activist Arvind Kejriwal's allegations against Union Law Minister Salman Khurshid are based on an inspection report by the Comptroller and Auditor General.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
CAG report commands respect and cannot be brushed aside but it cannot be the final word on an issue, the Supreme Court said today while noting that the auditor's findings cannot be gospel truth as it is subject to scrutiny by Parliament.
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
RINL wiped out its losses in 2005-06 with money from the government.
Armed with the Supreme Court observation, the government on Friday said constitutional authorities like the Comptroller and Auditor General should take note of the ruling that auction is not the only method for allocating natural resources.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
Let's take a look at how fraud has grown in the country.
Taking potshots at Vinod Rai over his comment that placing reports in Parliament can't be the Comptroller and Auditor General's only role, Congress general secretary Digvijay Singh on Friday asked whether the former intended to become the country's prime minister, if not an accountant.
The Bharatiya Janata Party on Wednesday took its grievances against Prime Minister Manmohan Singh and Congress-led United Progressive Alliance to President Pranab Mukherjee, demanding his intervention on the coal allocation issue and attacks on a constitutional institution like the Comptroller and Auditor General.
The national trait of exploiting the inherent weakness of democracy is now mirrored within the ICAI too.
Vinod Rai, the Comptroller and Auditor General of India till May and probably the most talked-about government official in the last few years, participated in a Live Chat with readers of Rediff.com on Friday.
The Bharatiya Janata Party on Monday questioned the safety of the Signature Bridge in East Delhi after the Comptroller and Auditor General objected to allowing use of pre-fabricated steel frames imported from China for its construction. "It is a serious issue that there is no mechanism with the Delhi Government to check the quality of material and fabrication work being done in China. This raises concern about the safety of the bridge," BJP leader Vijay Goel said.
The crucial service records of Comptroller and Auditor General Vinod Rai are not traceable with the Personnel ministry, an RTI reply has revealed.
With the Comptroller and Auditor General reports providing ammunition to the Opposition to attack the prime minister, Congress on Friday dismissed Bharatiya Janata Party's demand for his resignation while party chief Sonia Gandhi held a "strategy meeting" with senior ministers and party leaders.
Newly appointed Comptroller and Auditor General Shashi Kant Sharma is is approachable and friendly, not forbidding, say his former colleagues.
The Supreme Court on Thursday agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
Outgoing Comptroller and Auditor General Vinod Rai on Tuesday dismissed charges that he was behind the leak of controversial audit reports on 2G spectrum and coal block allocations.
Swiss banks seek fresh undertakings from Indians.
Its funds choked by the Supreme Court, an embattled BCCI President Anurag Thakur today steered clear of commenting on the latest diktat by the apex court, saying that he is yet to go through the order.
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
The government is banking on the second round of spectrum auction and customer-centric moves such as free national roaming to rebuild the telecom sector, impacted by controversies and court judgements that have shaken investor confidence.
Report says ineligible farmers given benefits.
Terming as "baseless innuendos" the allegations of fraud by her Trust, Law Minister Salman Khurshid's wife Louise launched a scathing attack on activist Arvind Kerjriwal, accusing him of "doing politics using the shoulders of the disabled". She also trashed speculation about her husband resigning over the issue, saying there is no reason why her husband should step down.
The Comptroller and Auditor General in 2012-13 had made certain observation in a report and 'we are improving it', he said.
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