The auditor of government accounts, CAG, has faulted the Income Tax department for levying Rs 708.6 crore less in taxes from companies including State Bank of India, Tata Sons, Mahindra & Mahindra and Bharti.
Mehrishi has emerged as the top choice for the post, the sources said, adding a formal order on this is expected soon.
The Central Bureau of India on Monday opposed the bail plea of Price Waterhouse auditor Srinivas Talluri who was arrested in Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides.
Keeping up the government's attack on the Comptroller and Auditor General, Union minister V Narayanasamy on Friday said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction.
The Comptroller and Auditor General on Friday dragged the Prime Minister's Office in the Commonwealth Games mess by saying that Suresh Kalmadi, who is jail for alleged irregularities, was appointed as Organising Committee chief at its behest in 2004 despite "serious objections" from within government.
In a stinging attack on the Comptroller and Auditor General, the Congress on Monday alleged the government auditor was as much responsible as the Bharatiya Janata Party for the disruption of the just-concluded monsoon session of Parliament on the coal mine allocation issue.
In the dock over three new Comptroller and Auditor General reports, the government on Friday stressed that these were not final and accused the auditor of not following its mandate.
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.
The Comptroller and Auditor General can do a performance audit of production sharing contracts
United Progressive Alliance key ally Dravida Munnetra Kazhagam on Monday strongly pitched for a multi-member Comptroller and Auditor General, saying the recent flopped auction of 2G spectrum that netted only about Rs 9,000 crore had proved wrong the top auditors' report pegging the presumptive loss in 2G allocation at Rs 1.76 lakh crore.
Slamming the Navy for finalising a deal for MiG 29K naval fighter aircraft without their weapons package, a Comptroller and Auditor General report Thursday said the maritime force has now chosen a missile with an "unsatisfactory track record" in the Indian Air Force.
In a bid to expedite the processing of initial public offerings (IPOs), the markets regulator will now seek additional information from lead managers (LMs) when they file draft documents. Last week, the Securities and Exchange Board of India (Sebi) sent a letter to bankers, listing over two dozens of new disclosure requirements. The average time Sebi takes to clear the draft red herring prospectus (DRHP) - a document companies must file before accessing public funds - has dropped to less than three months in 2024 (until May 31).
Holding that the Adarsh Housing scam was a classic case of fence eating the crops and 'consistent failure' of Centre and Maharashtra government, the Comptroller and Auditor General on Tuesday said rules were bent to benefit relatives of politicians, public servants and senior service officers including former Army chiefs Gen Deepak Kapoor and N C Vij.
Keeping up its attack on the Comptroller and Auditor General, the Congress on Thursday said the auditor was "not competent enough" to decide on the loss to the government in the coal block allocation issue "just on the basis of presumptions".The party also said that Prime Minister Manmohan Singh was "clean" and no one could raise an accusing finger at him in the wake of the CAG report" and there has been "no error or wrongdoing".
Cairn India and UK's BG Group too replied to audit observations.
All set for more public interactions even as PM has been critical of the apex auditor recently.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
The BJP said the email purportedly by an Airbus executive referred to a helicopter deal and not Rafale.
Government auditor Comptroller and Auditor General has started a comprehensive audit into the role of armed forces, Coast Guard and Colaba administration in land allotment to the scam-tainted Adarsh Housing Society.
When asked about Ajit Pawar being upset, Sule said, "This is all gossip. Dada (Ajit Pawar) is Leader of Opposition in the state (Assembly). His position is equivalent to that of the chief minister. BJP is trying to target Ajit Pawar...sometimes they target me."
On July 25 and 26, the regulator's team carried out the surveillance of Air India in the areas of internal audit, accident prevention work and availability of required technical manpower.
The CAG, in its much-awaited report tabled in Parliament on Thursday, did not say if the capital expenditure for KG-D6 being raised from $2.4 billion proposed in 2004 to $8.8 billion in 2006 was unjustified or inflated.
With media reports of audit raking up a coal scam, Prime Minister Manmohan Singh on Thursday said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.
In another huge embarrassment to the government after the 2G fiasco, the Comptroller and Auditor General (CAG) has estimated a Rs 10.6 lakh crore loss to the exchequer on account of allotment of coal blocks during 2004 to 2009 without auction to 100 private and public sector companies.
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 railways has spent more than Rs 1 lakh crore on safety measures between 2017-2018 and 2021-22 with a steady growth in expenditure on track renewal, according to an official document.
The civil aviation ministry initiated and then made a mess of the merger of the erstwhile Indian Airlines with Air India, according to a Comptroller and Auditor General report.
Navy has refused to disclose any details about procurement of six phased-out helicopters from the US worth Rs 182 crore for which it recently received a rap from the Comptroller and Auditor General.
Former CAG lead auditor R P Singh, who had questioned the loss figure of Rs 1.76 lakh crore in 2G spectrum allocation, on Tuesday came under fire in the JPC with opposition members contesting his claim.
Comptroller and Auditor General Vinod Rai on Monday appeared before the Joint Parliamentary Committee, which is probing the 2G spectrum scam, to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore. Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.
Government auditor CAG also noted in a report that these demands are "unrealisable 100 per cent".
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
Amidst the controversy over its figures of revenue loss on account of allocation of 2G spectrum, government auditor, the Comptroller and Auditor General, on Monday said it stood by the report submitted to Parliament late last year.
The DoT had last week sent a detailed reply to all the issues raised by the CAG.
The high court had dismissed the PIL relying on the apex court's decision of August 18, 2020, which refused a plea by NGO CPIL for the CAG audit of PM-CARES Fund.
In fresh embarrassment to the erstwhile United Progressive Alliance regime, particularly to former Prime Minister Manmohan Singh, former Comptroller Auditor General Vinod Rai has claimed that coalition functionaries had deputed politicians to get him leave out names from the audit reports in the Coalgate and Commonwealth Games scams.
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 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 audit is under progress and the report is yet to be finalised. The information cannot be given under Section 8(1)(C) of the RTI Act as the disclosure would cause breach of Parliament, the CAG said.
Maharashtra Congress leader and former Lok Sabha MP Milind Deora has demanded a Central Bureau of Investigation probe into Rs 12,000 crore spent by Mumbai's civic body on road works between 2017 and 2022.
