Even as the Bharatiya Janata Party paralyses Parliament on the allocation of coal blocks by the Centre, its own government in Chhattisgarh had come under attack from Comptroller and Auditor General for allocating coal blocks at 'abnormally low' rates that led to a loss of over Rs 1,052 crore.
Reliance Industries on Saturday said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the Comptroller and Auditor General but hoped it will not be subjected to a performance audit."RIL has at no time contested the government's right to conduct an audit by any agency, including the CAG, as provided in Section 1.9 of the Accounting Procedure of the PSC," the company said in a statement on Saturday evening.
The United Progressive Alliance is expected to put up a united face on Wednesday to counter opposition demand for resignation of Prime Minister Manmohan Singh over the Comptroller and Auditor General reports on coal block allocation and two other issues.
The auditor said that it has unfettered right of access to all records of Reliance Industries (RIL) during its audit of operations in the Krishna-Godavari basin and would override any conditions sought to be imposed on the process.
Bharatiya Janjata Party veteran L K Advani's suggestion for a collegium to appoint Election Commissioners and Comptroller and Auditor General was on Tuesday backed by United Progressive Alliance ally Dravida Munetra Kazhagam and opposition Communist Party of India-Marxist.
The Bharatiya Janata Partuy on Monday decided to aggressively demand the resignation of Prime Minister Manmohan Singh over the Comptroller and Auditor General report on the allocation of coal blocks and stall both Houses of Parliament on the issue on Tuesday.
The Comptroller and Auditor General of India had called an Entry Conference with RIL and the Oil Ministry on Wednesday to begin its second round of audit that is to cover RIL's spending on KG-D6 gas fields during 2008-09 to 2011-12.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The Comptroller and Auditor General has found gross financial mismanagement and irregularities in the implementation of the National Rural Health Mission at almost every level in Uttar Pradesh.
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.
Team Anna on Saturday clubbed Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee with 13 other cabinet ministers, whom they accused of corruption, which the Congress dismissed as "unsubstantiated averments" that need not be responded to.
The Comptroller and Auditor General has pulled up Jammu and Kashmir forest ministry for allegedly diverting 1,883 hectares of forest land for non-forest purposes in violation of rules in Jammu district of the state.
When it comes to fundamental issues involving corporate, corruption or anti money-laundering laws, media is increasingly demonstrating its ignorance.
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.
The Comptroller and Auditor General (CAG) on Tuesday criticised the roles of the Department of Space and its former secretary, G Madhavan Nair, in the Antrix-Devas deal, saying the deal was a "classic case of public investment for private profit".
'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.
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.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
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.
'The EC is a sacred institution.' 'In the last few years, more than once, we have found the EC bending over backwards to accommodate the government.'
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