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.
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
The Bharatiya Janata Party on Friday termed as "very dangerous" External Affairs Minister Salman Khurshid's comments questioning the role of the Supreme Court and Election Commission and said the two institutions must take suo motu cognisance of it.
Over the next five years, it will be Narendra not Nitish who will be under pressure to deliver vikas and atmanirbharta in Bihar, notes Kanika Datta.
If suitable action is not taken in corruption cases, it becomes normalised in society, the prime minister said. When a generation sees that a corrupt person in the family is let off without or very little punishment, their courage to indulge in corrupt activities grows manifolds, he said.
The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.
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.
Hailing from a family of lawyers from Maharashtra, he was part of a nine-judge Bench of the Supreme Court which in August 2017 declared the right to privacy as a fundamental right of an individual.
The ministry cancelled the caterer's contract following tweets surfaced of the incident.
In 2019-20, the capital expenditure of Indian Railways (IR) increased 60 per cent over 2016-17. The draft National Railways plan envisages a further increase in IR's capital expenditure, but an analysis by Business Standard shows that IR has come to depend more on borrowings and budgetary support. In 2016-17, while 11 per cent of its capital expenditure (capex) was funded by internal sources, in 2019-20 the ratio dropped to less than 1 per cent. A 2015 Committee on Restructuring Railways had flagged that over-reliance on borrowings could exacerbate the financial situation of Railways.
In 11 out of 29 coal mines successfully e-auctioned, a number of qualified bidders in the e-auction stage were from the same company/parent subsidiary company coalition/joint venture, CAG said.
Less than nine per cent of Chhattisgarh households got jobs for 100 days under Mahatma Gandhi National Rural Employment Guarantee Act during 2007-08 to 2011-12, a Comptroller and Auditor General report tabled in the assembly on Wednesday said.
Government auditor CAG has flagged "undue favour" to Wipro Ltd by UIDAI.
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
Typically these are high-beta stocks and earnings are volatile
The project shows a lack of respect for history, even if an inalienable part of it is colonial history, asserts T N Ninan.
According to an official close to the development, in the coming financial audit report, to be tabled in Parliament's Budget session next year, CAG will detail the slide in the government's share in petroleum sector profits due to a drop in gas production.
Decision-making has been very poor, Ambani said.
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.
The political row had erupted after the National Democratic Alliance government inked the Rs 59,000-crore deal on September 23, 2016 to procure 36 Rafale jets from French aerospace major Dassault Aviation after a nearly seven-year exercise to procure 126 Medium Multi-Role Combat Aircraft for the Indian Air Force did not fructify during the Congress-led United Progressive Alliance regime.
The cacophony of uninformed voices should not impact decision making process of bank executives.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
The Indian board (BCCI) will consider a further increase in salaries for its contracted players after leading cricketers expressed dissatisfaction with the pay raise announced last month.
'If you were to say today that the government should appoint judges to the high courts and Supreme Court, then I think that even those few good judges that we are getting today we would not get them.'
The committee has decided that access to 4G internet in J-K will be given in a calibrated manner and outcome of the trial will be reviewed after two months.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
Implementation of Lodha Committee recommendations in the Board of Control for Cricket in India will be complete in the next four-five months, said Vinod Rai, head of the Supreme Court-appointed panel of administrators to manage the cricket board's affairs.
'There should be total transparency in the system.'
Dr Manmohan Singh's role in the sordid saga of the Coal Allocation Scam was always Delhi's worst-kept secret; calls for his interrogation will mushroom after he was named by P C Parakh, says T V R Shenoy.
IMAGE: BCCI president Anurag Thakur, right, with ICC CEO Shashank Manohar. Photograph: PTI Board of Control for Cricket in India president Anurag Thakur on Monday said in Supreme Court that he had not asked International Cricket Council's CEO Dave Richardson to state that the appointment of Justice Rajendra Mal Lodha committee would "tantamount to government interference" in the functioning of BCCI.
11 private firms would be involved in the ambitious project.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
Jaitley said the CAG report has reference to the shortage of ammunition in relation to a point of time.
The cross-Line of Control surgical strikes, policy towards Pakistan, the situation in Jammu and Kashmir, besides One Rank, One Pension and the plight of farmers were also among issues that were raised at the meeting with parties demanding discussion on them.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
PAC Chairman K V Thomas, however, remained non-committal over these demands.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
"Many people who had some links with Agusta, I am not saying illegitimate links, but some links with Agusta procurement and supply, were given good positions," Parrikar told PTI in an interview.
