Flanked by the Trinamool Congress chief, Naidu attacked the National Democratic Alliance government at the Centre alleging that institutions like the Central Bureau of Investigation, Enforcement Directorate, Income Tax department, Reserve Bank of India and Comptroller Auditor General are under "severe pressure".
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
'It's an open secret that the UK business is structurally not in a great place.'
'GST will increase the volume of taxation, there is no tax on tax and therefore makes goods, commodities and services little cheaper and far more convenient.'
CAG, in the third round of audit of KG-D6 as well as three other oil and gas fields, on November 11 wrote to RIL seeking records to audit spending in 2012-13.
The CAG said the strategic missile system, which were to be deployed on the China border, procured from the state-run Bharat Electronics Ltd were deficient in quality.
The apex court sets aside Delhi HC order on the oilfield.
"I do not want to boast (about) anything. The court's judgment has to be respected. I am glad that the court has pronounced unambiguously. All the massive propaganda which was being done against the UPA was without any foundation. The judgment speaks for itself," the former PM said.
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.
'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.'
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.
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 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.
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.
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 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.
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.
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.
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.
Government auditor CAG has flagged "undue favour" to Wipro Ltd by UIDAI.
Typically these are high-beta stocks and earnings are volatile
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.
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.
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.
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.
The project shows a lack of respect for history, even if an inalienable part of it is colonial history, asserts T N Ninan.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
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.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
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.
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 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.
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.
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.
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.
'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.'
'There should be total transparency in the system.'
