He replaced Vinod Rai, who superannuated on Wednesday after five-and-a-half years of eventful tenure as the head of CAG.
This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.
Report says ineligible farmers given benefits.
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 Supreme Court on Thursday agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
Disagreements over scope of audit cropped up on the very first day the Comptroller and Auditor General of India began to the second round of audit of spendings on eastern offshore KG-D6 fields with RIL alleging that the auditor was not confirming if the accounts scrutiny would be as per the provisions enshrined in the Production Sharing Contact.
Senior Bharatiya Janata Party leader Murli Manohar Joshi on Saturday charged the Centre with attacking constitutional institutions working in the interest of the people and said it was harmful for the nation.
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
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
Vicky Nanjappa accessed the CAG report on illegal mining in Karnataka and finds out that the in the face of losses worth thousands of crores, the state administration had only been able to recover just Rs 7.22 crore
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.
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.
Defending Delhi Chief Minister Sheila Dikshit over her indictment in the recently published report of Comptroller and Auditor General of India on irregularities observed in Commonwealth Games, senior Congress leader Digvijaya Singh has said the party has decided not to take any action against her.
All set for more public interactions even as PM has been critical of the apex auditor recently.
Carved out of southern Bihar as a new state on November 15, 2000, Jharkhand has been plagued by adverse conditions -- low average income, high incidence of poverty and little social development because of political instability -- there have been seven government changes.
Describing these as non-working companies, the CAG in its latest report on the state tabled in the Maharashtra Assembly stated that since no purpose may be served by keeping these units in existence, the state government needs to expedite closing down of these non-working PSUs.
Stung by the CAG's interim report which has found discrepancies in some deals, the Commonwealth Games Organising Committee (OC) on Thursday defended its broadcasting rights deal with Fast Track despite a high commission paid to them, saying the UK company had doubled the revenue target.
The Planning Commission has decided that approvals for all social sector projects undertaken by various non-government organisations, normally outside the purview of CAG, will come with the rider that they will be subject to audit, if required.
But company says govt decision to permit use of incremental coal does not result in any loss to exchequer or undue benefit.
The Supreme Court on Friday severely criticised Telecom Minister Kapil Sibal for making statements undermining the Comptroller and Auditor General of India's report on the 2G spectrum scam and asked him to behave with some sense of responsibility.
Apex auditor CAG on Friday lamented that private telecom operators are not providing their account books to it, despite a request from the government.
The day after the closing ceremony, the Prime Minister's Office had asked the OC to make sure all documents were kept safe.
In its communication to DoT, the DGA said the department had granted new unified access service licences to certain companies without proper verification of their eligibility and other credentials.
Demanding an inquiry into the purchase of 111 new aircraft by national carrier Air India, the Bharatiya Janata Party (BJP) has said the proposal was the root cause of the airline's financial woes.
The government on Tuesday tabled in Parliament the Comptroller and Auditor General of India (CAG) report on 2G spectrum allocation, whose reported extracts have created a political storm and led to the resignation of Telecom Minister A Raja.
Many will hope this is the beginning of a new phase in Dr Singh's tenure, when he lets his office, the government, his council of ministers, his party and coalition and the country know that he means business, that the buck stops with him, that his colleagues and officers must shape up or ship out, says Sanjaya Baru
The accrual-based financial statements are expected to provide more appropriate presentation of financial performance and position of the government, said the government statement. The Union and states would have a common format of financial statements that would include a balance sheet, a statement of financial performance and a cash flow statement.
The Comptroller and Auditor General of India report for 2010-11 on direct taxes, tabled in Parliament on Friday, revealed that 958 lakh (95.8 million) PANs were issued up to March 2010 but IT returns filed in the last fiscal were only 340.9 lakh (34.09 million).
The CAG has pulled up the union government for adopting an erroneous process of devolution of IGST to states and short-transfer of cesses to reserve funds, which resulted in under-reporting of deficit figures for the 2017-18 and 2018-19 fiscals. The Integrated Goods and Services Tax (IGST), which is levied on inter-state sale of goods and services, is shared between the Centre and states in the 50:50 ratio. In its report on the union government accounts tabled in Parliament, the Comptroller and Auditor General of India (CAG) found that a sum of Rs 13,944 crore was left unapportioned and retained in the Consolidated Fund of India (CFI) in 2018-19, even though the amended IGST Act now provides for a process for ad-hoc apportionment of IGST.
The Comptroller and Auditor General of India (CAG) is expected to complete the special audit of the accounts of KG Basin oil and gas fields of Mukesh Ambani-owned Reliance Industries Ltd (RIL) by February next year, a top official said.
In its report for the year ended March 31, 2008, the CAG has expressed serious concern over deficiencies like 'non-provision of the envisaged job guarantee to rural poor, fake payment of wages and delay in payment of wages to labourers'.
Around 29,533 candidates who got registered at the state district employment exchanges are not likely to get jobs because of computer errors, caused by the staff at these exchanges, and usage of outdated technology, according to the Comptroller and Auditor General of India.
The Comptroller and Auditor General of India, the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel, Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10.
Gujarat Chief Minister Narendra Modi on Sunday night alleged that a report by the Comptroller and Auditor General of India had found that Rs 50,000 crore was unaccounted for and 'missing from the central government's coffers'."The country wants to know from Prime Minster Manmohan Singh about this money that has simply vanished," Modi said. Training guns on Dr Singh, Modi said the country should know whether the huge sum of "missing money was being used for the elections."
Altogether 41,663 farmers in 383 villages in Washim, Yavatmal, Amravati and Buldhana districts of Vidarbha region were covered in the sample survey. Those reporting land holding in range of two to six hectares were 40 per cent and around six per cent reported land holding of more than six hectares, CAG said. Only eight per cent farmers confirmed visit of any government official in 2006, the report said.
The report for the period ended March 2009, presented in the assembly by Deputy Chief Minister S K Modi, who holds charge of the finance department, said revenue receipts between 2008-09 increased by Rs 4770.97 crore (Rs 47.7 billion) mainly due to grants-in-aid and share of Union taxes from the Centre.
Acting as external auditor to World Health Organisation, CAG flagged a number of risks associated with the execution of the Global Management System project, where Satyam happens to be the key contractor. The $55.5 million project was initially targeted to go live in September 2007, but was given its first extension until December 2007, then a second until March 2008 and a third until June 2008, the auditor said.
The Bombay high court on Thursday directed the Comptroller and Auditor General of India (CAG) to look into allegations of irregularities in toll collection on the Mumbai-Pune Expressway.
This follows a letter by RIL to the ministry, justifying the increase in capex.
It was planned to add 2,000 kms of new lines, convert 10,000 km of metre/narrow gauge into broad gauge, double the 6,000 km of single track and electrify 3,500 km of routes during the 11th Plan.
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