The auditor said that it has unfettered right of access to all records of Reliance Industries (RIL) during its audit of operations in the Krishna-Godavari basin and would override any conditions sought to be imposed on the process.
The Comptroller and Auditor General of India had called an Entry Conference with RIL and the Oil Ministry on Wednesday to begin its second round of audit that is to cover RIL's spending on KG-D6 gas fields during 2008-09 to 2011-12.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
The Comptroller and Auditor General (CAG) on Tuesday criticised the roles of the Department of Space and its former secretary, G Madhavan Nair, in the Antrix-Devas deal, saying the deal was a "classic case of public investment for private profit".
Agrees with RIL's stand that CAG cannot do a performance audit of the company.
The Comptroller and Auditor General has pulled up Jammu and Kashmir forest ministry for allegedly diverting 1,883 hectares of forest land for non-forest purposes in violation of rules in Jammu district of the state.
The erstwhile Bahujan Samaj Party government's decision to transfer over 500 acres of land to the Noida Authority in 2009 has resulted in a whopping Rs 2,600 crore loss to the state exchequer, the Comptroller General of India has pointed out.
Keeping up its attack on the Comptroller and Auditor General, the Congress on Thursday said the auditor was "not competent enough" to decide on the loss to the government in the coal block allocation issue "just on the basis of presumptions".The party also said that Prime Minister Manmohan Singh was "clean" and no one could raise an accusing finger at him in the wake of the CAG report" and there has been "no error or wrongdoing".
The CAG's audit of hydropower projects seems to be an effort for status quo that does not do justice to the formidable reputation it has attracted through some of its exemplary work
The CAG report had alleged the government had passed on financial gains of Rs 1.86 lakh crore to private companies by not auctioning the coal blocks.
With Prime Minister Manmohan Singh declaring that he will quit public life if corruption allegations are proved against him, Team Anna on Wednesday demanded an independent probe into the charges, saying they will be most happy if these are proved wrong.
Most senior scientists have complained of repeated questioning by the expenditure department, bureaucratic delays in clearances, more focus on procedure than on result and the lack of an environment for science to grow, reports Akshat Kaushal
Bharatiya Janata Party leaders Sushma Swaraj and Arun Jaitley claimed on Thursday that Prime Minister Manmohan Singh has to be directly blamed for the huge loss to the exchequer in allotment of coal mines. Swaraj said the PM can't be shielded behind ministers like A Raja or P Chidambaram as he did in the 2G spectrum scam.
"In the wake of the Wisconsin killings, which have shocked the national conscience, our City can enact meaningful inclusion of this community by changing NYPD rules to allow Sikhs to serve without having to forsake their turbans and beards," the New York City Comptroller John C Liu said in a letter to Bloomberg on Sunday
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
"When you start a prize with the Dalai Lama, how do you keep it going?" asked Thomas P DiNapoli, New York State comptroller, at the Guru Nanak Interfaith Prize event in New York, April 18.
The BJP said the email purportedly by an Airbus executive referred to a helicopter deal and not Rafale.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
Politics over its critical reports on scams echoed in the 150th anniversary celebrations of the Comptroller and Auditor General on Wednesday when Bharatiya Janata Party leader and Public Accounts Committee Chairman Murli Manohar Joshi praised Finance Minister Pranab Mukherjee for defending both the CAG and the PAC when they came under attack.
Armed with the Comptroller and Auditor General report, opposition on Tuesday targeted Prime Minister Manmohan Singh over appointment of Suresh Kalmadi as Commonwealth Games Organising Committee chief.
With the Comptroller and Auditor General reportedly accusing Delhi Chief Minister Sheila Dikshit of irregularities in awarding certain Commonwealth Games contracts, the Delhi government on Wednesday stoutly rejected the allegations, saying she never "intervened to favour" any firm and all due processes were followed in finalising the contracts.
Cancellation of 2G licenses by the Supreme Court clearly revealed a big scam and it was a "collective failure" of the government which "overlooked" warnings given by the Comptroller and Auditor General and the Central Vigilance Commissioner on the issue, Janata Party chief Subramanian Swamy said on Thursday. "Everyone had warned, including the CAG and the CVC, but the government overlooked it," Swamy said soon after the Supreme Court cancelled the 122 spectrum licenses.
The 2G controversy rocked Parliament's Public Accounts Committee meeting in New Delhi on Monday with opposition parties demanding that former director general (Audit) R P Singh be summoned and asked why he differs with the Comptroller and Auditor General on the quantum of loss. With differences persisting, the meeting was adjourned. The meeting scheduled for Tuesday has also been postponed reportedly as Chhath festival falls on that day.
Asking the Central Bureau of Investigation to respect the line that divides between policy making and policing, Finance Minister P Chidambaram on Tuesday came down heavily on investigating agencies and Comptroller and Auditor General for "overstepping" their limits by attempting to convert bonafide executive decisions into either crimes or abuse of authority.
L&T has denied the charge and said the delay was entirely due to a dispute between Cidco and the railways.
Sandeep Dikshit, Congress Member of Parliament and Chief Minister Sheila Dikshit's son, on Tuesday attributed his party's defeat in the Delhi civic polls to a disconnect between the party and the people. He also claimed that an environment was created by reports of the Comptroller and Auditor General and the anti-corruption movement led by Anna Hazare that made people believe the Congress was at the "centre of all the wrong" that was happening.
Reacting to Comptroller and Auditor General reports on defence preparedness, the Bharatiya Janata Party on Friday said that the army has been given World War II vintage "toy-guns" to fight nuclear powers, an issue the government is "diverting" attention from by raising the differences between the Army chief and the defence minister.
The new circular issued by the tax research unit of CBEC on June 19 says, "CAG would not be covered by the service head Business Support Service."
Government auditor CAG has rapped five regulators, including Sebi, Irda and PNGRB, for keeping their surplus funds worth over Rs 2,142 crore collected through fee and penalty outside the government accounts.
After conducting a few pilot studies, the government is in the process of introducing a new accounting system in a phased manner that would provide an effective way to track and assess assets created out of public money.
An initial audit report estimating Rs 10.67 lakh crore loss to the exchequer on account of allotment of coal blocks during 2004 to 2009 without auction caused an uproar in the Parliament and was described as "exceedingly misleading" by the CAG himself.
Taking note of the draft report of the Comptroller and Auditor General on allotment of coal blocks without auction, the Bharatiya Janata Party on Thursday demanded a Central Bureau of Investigation probe into the allotment of coal blocks and monitoring of the probe by a court.
CPI(M) Rajya Sabha Tapan Sen, in an interview to Rediff.com, explains what he believes are the irregularities committed by Reliance Industries and how UPA government has allowed it to get away with it.
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The Congress on Wednesday castigated the Bharatiya Janata Party for 'dragging' the name of Sonia Gandhi and Prime Minister Manmohan Singh in the Commonwealth Games mess.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
The Commonwealth Games mess rocked Parliament for the second day on Tuesday as opposition National Democratic Alliance stalled the Question Hour in both the Houses and demanded resignation of Delhi Chief Minister Sheila Dikshit in the wake Comptroller and Auditor General observations against her.
The government on Monday firmly rejected the Opposition's contention that the CAG had indicted the Prime Minister's Office on the Commonwealth Games issue and insisted that constitutional processes must be followed before blaming anyone.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances