The CAG, in its report tabled in Parliament recently, had stated that the defence forces had ammunition that could last for 20 days in the event of a war, instead of the minimum requirement of 40 days.
Contrary to reports, the defence ministry has not opened any other deal for investigation besides the AgustaWestland chopper contract, defence sources said on Friday.
The Comptroller and Auditor General on Tuesday slammed the Defence Ministry and Air Force for "several instances" of deviation from rules in the procurement of VVIP choppers in the Rs 3,727 crore AgustaWestland deal.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
]If Andhra Pradesh's middle class is denied salaries and pensions or, if these are delayed, it will rise against Jagan Mohan Reddy with the same fervour with which it voted him in.
South Africa have dismissed as 'baseless' allegations made in a US indictment that the country paid $10 million in bribes to host the 2010 World Cup.
Reacting to the hike in power rates, Delhi Chief Minister Arvind Kejriwal on Saturday said that the Comptroller and Auditor General's report on discoms would ascertain the lack of funds as stated by power distribution companies.
India's mainstream naval fighter jet plane MiG-29K faces operational deficiencies due to defects in engines, airframe and fly-by-wire system leading to very low availability.
The plan is to de-notify the entire SEZ.
The Supreme Court-appointed Committee of Administrators (COA) on Monday sacked some of the previous officials of the Board of Control for Cricket in India, including Team India's media manager Nishant Arora.
A vacation bench of Justices M M Shantanagoudar and Deepak Gupta was informed by Guha's counsel that he had tendered his resignation on May 28 to Vinod Rai, Chairman of the Committee of Administrators of the Board of Control for Cricket in India.
The CAG observed there was no change in the price of 'flyaway aircraft package'.
Opens operations in high-speed train, freight and suburban corridors to private sector
High court orders Swan Telecom's promoter Shahid Balwa, the director of Kusegaon Fruits and Vegetables, Rajeev Agarwal, and three firms, namely Dynamic Realty, DB Realty, and Nihar Constructions to plant 3,000 trees each in the Delhi's South Ridge forest area.
'It's an open secret that the UK business is structurally not in a great place.'
Finance Minister Arun Jaitley on Wednesday asked the CAG not to sensationalise its findings to get into headlines, a view the Congress party had voiced in the past after huge notional losses were projected in reports on 2G and coal allocation scams.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
After ex-Comptroller and Auditor General Vinod Rai attacked Manmohan Singh on 2G issue, Congress leader Kamal Nath on Friday said the former Prime Minister may have made a "mistake" in not acting despite his letter to him expressing concern over the spectrum allocation process.
The Centre received 5.59 lakh public grievances against various government departments in the first half of this year, with the Department of Financial Services (DFS) getting most of such complaints, according to an official report.
US short seller Hindenburg Research has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, Hindenburg said it believed India was a vibrant democracy and an emerging superpower with an exciting future and it was Adani Group which was holding it back through "systematic loot". Hindenburg stood by its last week's report that said its two-year investigation found Adani Group "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
He also cautioned against politicisation of defence purchases, suggesting that this had earlier led to the delay in the army acquiring the Bofors gun.
Rahul acting as 'agent' of rival firms, BJP alleges as Congress attacks govt on Rafale deal
Government auditor, the Comptroller and Auditor General has slammed the Navy, defence ministry and a state-run shipyard for the protracted delay in carrying out refit of submarine INS Sindhukirti because of which the force was unable to operate one of their lethal platforms since June 2004.
Delhi High Court says it can do so under the TRAI Act, rejects petitions filed by telecom associations.
The Committee of Administrators (COA) held a fruitful first meeting with coach Anil Kumble and rest of the Indian cricket team's support staff on the sidelines of the Board of Control for Cricket in India's Awards in Bengaluru.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
Congress said it expects the truth to prevail after the report on the Rafale deal is made public.
'Banking is a business of trust.'
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Travel expenses given to members of Parliament have come under the scrutiny of the Delhi high court, which asked the Centre to explain the "rationale" behind such benefits.
The opposition party questioned why the government took five years after the liquidation proceedings of ABG Shipyard to lodge an FIR in connection with the alleged duping of 28 banks.
The opposition party also said that it would be improper on the part of Mehrishi to present the report in Parliament.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
This, Byju, was the time to apply the business lens, treat your company as a business, run your company as a business. Instead, you splurged, observes Suveen Sinha.
'All of us tend to believe that they are so well paid, why should we bother about their payments.' 'But who all are well paid? Only a handful, maybe 3-4 of them, who go in for endorsements and things.' 'The others are struggling, playing Ranji Trophy and other matches, so that compensation we made it market-oriented.'
Old timers in Oil and Natural Gas Corporation (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in 1965, the only discovery the company had made till then was in Vietnam offshore, with more investment needed to monetise it. In 2001, when OVL started looking for new blocks abroad, the company's previous acquisition was 13 years old.
Rewarding those who had supported them and refused to pay their power bills during AAP's agitation, the Delhi government on Wednesday decided to give them a 50 per cent relief on their pending bills and also waived the penalty.
The Universal Service Obligation fund was set up in April 2002 and a statutory status was given to it.
The P-8I, which is widely acknowledged to be the world's most deadly LRMR-ASW aircraft, is a derivative of the Boeing 737-800 airliner, onto which a plethora of sensors and weaponry has been fitted.
People like Manmohan Singh and P Chidambaram, who as finance minister had fully supported the NPS, refuse to exercise their moral and political influence to try and stop Ashok Gehlot and others hell-bent on wrecking the states' finances, notes Virendra Kapoor.
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