With the Comptroller and Auditor General slamming the government for buying the second-hand Admiral Gorshkov at the price of a new aircraft carrier, Navy Chief Admiral Sureesh Mehta on Thursday defended the price being paid by India for the warship.
CAG said that Reliance Infocomm and Tata Tele Services Ltd have caused a loss of Rs 184 crore to 3 state-run insurance firms between 2002-05 on risk cover for mobile handsets and default payments.
West Bengal lost Rs 546.68 crore (Rs 5.46 billion) in 2007-08 for not having its own fiscal responsibility law, which mandates fiscal discipline, according to the Comptroller and Auditor General (CAG).
State-run power firm NTPC overstated its profits by Rs 938 crore (R 9.38 billion) in 2007-08, the Comptroller and Auditor General of India said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.
The CAG, who blamed what he called a lack of accountability in bureaucracy for delays in action on audit reports, said officials who sit over them should be punished.
For the first time in its history, the department of the comptroller and auditor general (CAG) has conducted a cleanliness audit for the Indian Railways.
Handing out a reprimand to the Navy for the lapse, the CAG said this was 'seriously limiting their operations capabilities.'
Seeking the government's assurance to the House that it would not henceforth enter into "such dubious deals" with the United States, Basudeb Acharia of the Communist Party of India-Marxist asked why the government bought the 1971 vintage vessel for $50 million when the US Navy had decided in 2003 that it was not suitable for modernisation and should be decommissioned in 2006.
According to the recent report, IAF's Air Officer Commander at one of the stations was approached by the Reliance Infocomm for installation of a booster antenna within the station complex in May 2004 and the permission was granted by the concerned authorities. The company was asked to pay Rs 5,000 as rent and allied charges to the government, which was subsequently reduced to Rs 1,000 in September 2005.
'Elections in Madhya Pradesh have so far largely avoided freebies.' 'But this time both the Congress and BJP are making such announcements.'
The recent draft report of the Comptroller and Auditor General (CAG) which pointed to misuse and non-utilisation of funds for the National Rural Employment Guarantee (NREG) scheme doesn't mean the programme is a write-off. The audit will act as a deterrent and spur state governments to work more efficiently, Rural Development Minister Raghuvansh Prasad Singh has said.
With the photo-identity card issue in the capital kicking up a major controversy, Prime Minister Manmohan Singh on Monday said that if there are any practical problems, these will be resolved. "I do not want to go into the motives. If there are any practical problems, we will resolve them," he told reporters on the sidelines of a function where the new Comptroller and Auditor General of India was sworn-in at the Rashtrapati Bhawan.
His appointment will be effective from the date he assumes charge of his office, an official statement said on Monday. An Indian Administrative Service officer of Kerala cadre, 1972 batch, Rai will take over from V N Kaul.
The veteran politician accused the BJP of breaking duly elected governments in opposition-ruled states even as it boasted about providing a stable government at the Centre.
Congress on Friday sought the dismissal of Divestment Minister Arun Shourie from the Cabinet for his statement terming as "idiotic" the Comptroller and Auditor General's
The company's accounts were audited by CAG as its shareholders include public sector banks.
Comptroller and Auditor General has pulled up the finance ministry for flaws in double taxation avoidance agreements
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?
Unable to face competition of a liberalised environment, as many as 88 public sector undertakings have eroded
Former CAG Rajiv Mehrishi says Centre has held back a report he submitted to the President, to end what he called "a nightmare of accounts that militates against good governance".
Audit scrutiny of expenditure on foodgrains (Rs 37.4 crore) and cash dole (Rs 44.59 crore) revealed delay in distribution, doubtful purchase of material, doubtful distribution of foodgrain and non-submission of detailed contingent bills.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
The government carries out a review of the defence procurement process every two years to make changes gained from experience and to incorporate new contract clauses for probity.
Most politicians and even non-politicians have been honoured because of what they were purported to be electorally worth for the ruling party of their time, argues N Sathiya Moorthy.
The committee will consist of retired Supreme Court judges S I Imam and Rohini Marasinghe, and Irangani Perera, retired High Court judge.
The Bhartiya Janata Party on Saturday disputed the expenditure amount for the 'India Shining' media campaign.
The Comptroller and Auditor General on Friday pulled up the previous NDA government for diversion of funds and incurring unauthorised expenditure of Rs 63.23 crore (Rs 632.3 billion) for the 'India Shining' media campaign.
The Comptroller and Auditor General of India, in a report tabled before the state assembly in Jammu, pointed out serious lapses in the procedures adopted by state-run health centres.
The electricity board lost Rs 1,111.35 crore owing to irregularities.
Comptroller and Auditor General found that they have been given wrong benefit of income deduction.
Cricket stars Sachin Tendulkar and Sunil Gavaskar have come under the scanner of Comptroller and Auditor General who has found that they have been given wrong benefit of income deduction as sportsmen.
