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.
No irregularities in farm debt waiver scheme: Pawar
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.
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.
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
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.
'Appellants may not lap up the scheme because, first, to do so would amount to admission of guilt, and second, they may have smelled victory before higher appellate forums,' notes S Murlidharan.
The new provision under the Income-Tax Act may enable the authorities to seize trustees' personal assets if there's a breach of objectives governing registered charitable trusts.
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.
He replaced Vinod Rai, who superannuated on Wednesday after five-and-a-half years of eventful tenure as the head of CAG.
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.
Vikash Metal & Power says it lost a building and other stuff worth Rs 90 cr to an "incident of robbery" and auditors endorsed it
RINL wiped out its losses in 2005-06 with money from the government.
Justice Bobde has decided several key cases and was part of the recent historic verdict that cleared the way for the construction of a Ram Temple at the disputed site in Ayodhya.
Activist Arvind Kejriwal's allegations against Union Law Minister Salman Khurshid are based on an inspection report by the Comptroller and Auditor General.
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.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
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.
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.
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 Comptroller and Auditor General in 2012-13 had made certain observation in a report and 'we are improving it', he said.
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.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
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 tax department was given the land at Mumbai's posh location, measuring 2,786 square metre, with a minimum capacity of 100,000 sq ft, in 1992. Instead of constructing an office building, the department recently took a few floors on rent at the nearby Air India building.
Swiss banks seek fresh undertakings from Indians.
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.
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.
In 2015, Infosys, under the leadership of then CEO Vishal Sikka, had bought Israeli automation technology firm Panaya for around $ 200 million and e-commerce service provider Skava for $1 20 million. The buyouts were mired in controversy owing to allegation of over-payment apart from not being an ideal fit.
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