Former chief election commissioner S Y Quraishi on Wednesday suggested an annual compulsory audit of funds and donations received by political parties. "We want that all political funding should be transparent and checked. There should be annual compulsory audits by an independent auditor to be picked up from a panel suggested by the Election Commission," Quraishi said.
The Central Bureau of Investigation, probing the case of amassing allegedly disproportionate wealth by Kadapa MP Y S Jaganmohan Reddy, filed a third chargesheet in the special Central Bureau of Investigation court in Hyderabad on Monday naming him as the prime accused.
Some of them have ambitious plans to fight the slowdown, while some would seek to revive their image.
The Conflict ruling suggested in the Lodha reforms for BCCI came under criticism from several quarters as they believed it stopped the former cricketers from coming forward to help Indian cricket and cricketers.
Agitated over its finding in the coal mine allocation issue, Congress on Monday targeted the Comptroller and Auditor General again by utilising the opinion of the Supreme Court on the 2G spectrum issue. Noting certain observations of the apex court in the 2G case, spokesperson Manish Tewari said, "If the Supreme Court can be so circumspect in its observations, is it not essential that other constitutional bodies, especially the CAG, should follow suit?".
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
Amid the storm over alleged kickbacks in the AgustaWestland VVIP chopper deal, Comptroller and Auditor General Vinod Rai on Friday said an audit of the controversial deal is under progress and a report would be released soon.
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.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
Under fire over allegations levelled by a former Comptroller and Auditor General official on its report on 2G spectrum allocation, Murli Manohar Joshi on Friday said the "hurried" statement of Sonia Gandhi attacking the Bharatiya Janata Party has only exposed the Congress.
Giving another twist to the 2G spectrum allocation controversy, a former comptroller and auditor general official has questioned the CAG's estimates of presumptive loss of Rs 1.76 lakh crore. "After completing the audit of the ministry of telecom, which was under my direct charge, I prepared a draft audit report covering each and every aspect. My report did not contain any loss figure," said former director general of CAG R P Singh.
Matching talent with jobs should not be a problem in Indian politics. In fact, Prime Minister Manmohan Singh is spoilt for choice, says Sunanda K Datta-Ray
The deadlock in Parliament over the Comptroller and Auditor General's report on coal blocks allocation continued on Monday with the Bharatiya Janata Party-led Opposition sticking to its demand for Prime Minister Manmohan Singh's resignation. Both the Rajya Sabha and the Lok Sabha have been adjourned till noon.
After the flop 2G spectrum auction that yielded only Rs 9,407 crore, government and the Congress on Thursday questioned the Comptroller and Auditor General's estimated loss of Rs.1.76 lakh crore in the spectrum allocation of 2001, drawing fire from the opposition. Information and Broadcasting minister Manish Tewari led the government attack by asking CAG Vinod Rai why the spectrum auction had not yielded anything close to the loss it had estimated.
Congress leader Digvijay Singh on Friday targeted Comptroller and Auditor General Vinod Rai suggesting he has a political agenda like one of his controversial predecessors T N Chaturvedi, who had given a report on Bofors issue and soon after joined the Bharatiya Janata Party.
CAG's report on Hydrocarbon Exploration Efforts of ONGC, which was tabled in Parliament today, expressed concern at the company's lack of adequate efforts and results in new fields and wanted the Oil Ministry to reset annual targets set out in memorandum of understanding that the firm signs with the government.
The Press Trust of India on Sunday in its report quoted Minister of State in the Prime Minister's office V Narayanasamy as having said that converting the Comptroller and Auditor General (CAG) into a multi-member body was under consideration of the government. The minister, however, said that he was misquoted.
Debate and accountability must co-exist, says leader of the opposition in Rajya Sabha Arun Jaitley
Despite the Bharatiya Janata Party on Saturday indicating that it would continue to obstruct the Parliament to demand Prime Minister Manmohan Singh's resignation over Comptroller and Auditor General's report on coal block allocations, the government is likely to make an attempt on Monday to convene an all-party meet to end the logjam.
The government on Friday launched a counter-offensive on the coal block allocation controversy maintaining that Comptroller and Auditor General's concept of presumptive loss was flawed and there was no loss because no mining has taken place as yet.
Will the current session of the Lok Sabha, which is witnessing turmoil due to Bhartiya Janta Party's demand for Prime Minister Manmohan Singh's resignation over the Coalgate, get adjourned sine die? As the deadlock between the United Progressive Alliance and BJP continues, the adjournment of the Lok Sabha sine die seems to be the only option left, notes Sheela Bhatt.
With the Opposition targeting the government over Comptroller and Auditor General report on coal allocation, Prime Minister Manmohan Singh is geared up to rebut in Parliament the charges, contending that there were 'inaccuracies' in the 'misleading' assessment of loss of Rs 1.85 lakh crore.
The Bharatiya Janata Party on Wednesday said it will continue to mount pressure to demand resignation of Prime Minister Manmohan Singh and the government on the issue of CAG report on coal block allocation, in an indication that Parliament is likely to be stalled for the second successive day.
Union Minister Rajiv Shukla was on Tuesday caught in a controversy as he was heard telling Rajya Sabha Deputy Chairman P J Kurien to adjourn the House after the opposition created uproar over Comptroller and Auditor General report on coal blocks allotment to private firms.
The Comptroller and Auditor-General's report on the Delhi International Airport Ltd (DIAL) as a public-private partnership (PPP) project makes several valid points, but presents a seemingly factual but fundamentally misleading picture of the total financial outcome.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
The Comptroller and Auditor General in 2012-13 had made certain observation in a report and 'we are improving it', he said.
With the Comptroller and Auditor General reports on three critical sectors expected to be tabled in Parliament on Friday, Prime Minister Manmohan Singh has indicated that the government will effectively counter any Opposition attack on these issues.
The Comptroller and Auditor General has come down heavily on the Department of Space, particularly on its former Secretary G Madhavan Nair, in the controversial Antrix-Devas deal alleging numerous rules and policies were violated and facts concealed to favour a private company.
Rajiv Bansal's severance payment was Rs 17.38 crore
The Comptroller and Auditor General (CAG) is understood to have questioned the government's reasoning to order 111 planes for Air India for almost Rs 50,000 crore (Rs 500 billion) in 2006.
The curious dealings of Robert Vadra have become even more curious, with a bank mentioned in the balance sheet of one of his companies denying it ever undertook a transaction clearly stated in the firm's auditor's report.
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.
DLF extends fall on corporate governance issues, down 10% in two days DLF is trading lower by 2.2% at Rs 219, extending its previous day's over 7.4% after Arvind Kejriwal, a social activist-turned-politician has accused the real estate developer of favouring Robert Vadra, son-in-law of Congress chief and the UPA Chairperson Sonia Gandhi, with easy loans for some undue gains.
Audit firm points out that the accounting rules do not permit companies to give interest-free loans even to their subsidiaries.
The company had initially objected to audit by CAG for time barred years as per Production Sharing Contract and had not accepted the 'exceptional circumstances' advanced by the ministry
Reliance Industries on Wednesday assailed reports of the Comptroller and Auditor General and expert P Gopalakrishnan, which have alleged the company got undue benefits pertaining to Krishna-Godavari basin gas and its pricing.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
Observing that the "CAG is not a munim (accountant)" the Supreme Court on Monday dismissed a plea challenging the Comptroller and Auditor General's power to conduct performance audit of controversial allocation of coal blocks by the UPA government.
