The first batch of four Rafale aircraft will arrive in India by May 2020.
Leader of Opposition Suvendu Adhikari objected to Roy's elevation, arguing that the MLA, who had crossed over to the ruling Trinamool Congress last month after winning the polls on a BJP ticket, cannot be considered a legislator of the saffron camp.
CAG had said the increase in field cost would mean a lower profit take for the government.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Agrees with RIL's stand that CAG cannot do a performance audit of the company.
The CAG's 2008 audit report points out several irregularities in defence deals, ranging from procurement of arms to cost incurred for wasteful research and development.
The Congress, which was not a petitioner before the apex court, wants the Rafale deal to be referred to a Joint Parliamentary Committee to go into the price arrived at by the BJP government versus the one negotiated by the previous UPA regime, as also how billionaire Anil Ambani's group with virtually no experience in manufacture of fighter jets was selected as an offset partner for the deal.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
Chief Minister Arvind Kejriwal on Friday accused BSES discoms of trying to "blackmail" the government by threatening power cuts upto 10 hours a day, and warned them of strict action including possible cancellation of licenses.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
States are now gearing up to implement the scheme, integrating it with their own public health insurance plans and tying up the loose ends.
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
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 Comptroller and Auditor General slammed the army for the poor quality of food items supplied to troops in Jammu and Kashmir and the northeast on Tuesday, noting that the rations had rotted in some cases.
It observed that there is no record of the money meant for the welfare of construction workers.
Rates to go up as Delhi power regulator works out plan to liquidate past dues.
Equity investments in 82 public sector enterprises have been completely eroded due to accumulated losses, an audit of financial statements conducted by the Comptroller and Auditor General of India revealed.
Did former CAG Vinod Rai exceed his brief? Was he, as some in the government alleged, planning a post-retirement life in politics (which he had refuted many times)? Or did he strengthen the agency's constitutional mandate by refusing to toe the government line and maintaining a fierce independent streak?
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
The new provision under the Income-Tax Act may enable the authorities to seize trustees' personal assets if there's a breach of objectives governing registered charitable trusts.
Typically these are high-beta stocks and earnings are volatile
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
Dudley and Ambani, assisted by BP India head Sashi Mukundan and RIL Executive Director P M S Prasad, primarily discussed RIL-BP's oil and gas investments at the meeting that lasted nearly one-and-half hour.
Rapping the government for its failure to timely implement the competitive bidding mechanism for allocation of coal blocks, CAG on Friday said part of the Rs 1.86 lakh crore loss could have been partially tapped had the procedure been put in place earlier.
BP Plc, Europe's second biggest oil company, and Reliance Industries will invest $5 billion in developing untapped gas reserves in the KG-D6 block as the partners attempt to reverse the fall in gas production.
The Supreme Court on Friday granted six weeks time to Mukesh Ambani's Reliance Industries Ltd (RIL) to respond to the final CAG report which found alleged irregularities including in payments made to the contractors on drilling of D6 wells at the Krishna-Godavari basin.
'We have to go through the process of obtaining informed consent.'
The text of Telecom and Communications Minister Kapil Sibal's statement defending Home Minister P Chidambaram on his alleged involvement in the 2G spectrum scam, on behalf of the United Progressive Alliance government
The tax department was given the land at Mumbai's posh location, measuring 2,786 square metre, with a minimum capacity of 100,000 sq ft, in 1992. Instead of constructing an office building, the department recently took a few floors on rent at the nearby Air India building.
It said Air India "accepted" that though the number of flights from Delhi "increased substantially.
The auditor said that in the case of performance audit on hydrocarbon production sharing contracts, 'interactive meetings were held with two operators, including RIL, prior to the finalisation of the draft performance audit report'.
Congress party has alleged that Modi government is surreptitiously taking steps to protect the interests of six leading telecom companies.
The chiefs of Army, Navy and Air Force have been called on January 12 by the PAC for a hearing on the committee on Canteen Stores Department based on the audit report, which has pointed out irregularities in the supply chain management of rations in the Army.
A special audit will look into any pricing anomalies in the transactions between the two, according to a source. FTIL had a contract for helping the exchange with its technology needs.
In a draft audit report on the KG-DWN-98/3, or KG-D6, block, the Comptroller and Auditor General said the Directorate General of Hydrocarbons allowed Reliance to hike capital expenditure for developing Dhirubhai-1 and 3, the largest of 18 gas finds in the block, by 117 per cent.
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.
Pulling up Hindustan Aeronautics Limited for an inordinate delay of 14 years in the development and supply of a trainer aircraft, the CAG has observed that the time overrun has affected the Stage-II training of IAF pilots.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
Banerjee also criticised Dhankhar over his recent visit to North Bengal, claiming a conspiracy was being hatched to divide the region.
Government auditor CAG has expressed concern over the post of chairperson of Cyber Appellate Tribunal lying vacant for about five years, saying this has led to not a single case being heard or disposed of despite pending appeals.
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