The Comptroller and Auditor General on Monday said that the audit of certain activities of Department of Space were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its "findings".
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.
Slamming the Defence Ministry over the nine-year delay in awarding contract to French firm Thales to build six Scorpene submarines in Mumbai, a Parliamentary Committee on Wednesday said the indecisiveness resulted in cost overruns and undue favour to the vendor, besides adversely impacting Navy's operational preparedness.
Many will hope this is the beginning of a new phase in Dr Singh's tenure, when he lets his office, the government, his council of ministers, his party and coalition and the country know that he means business, that the buck stops with him, that his colleagues and officers must shape up or ship out, says Sanjaya Baru
Nine companies were given new licences in January 2008.
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 figure of Rs 1.76 lakh crore (Rs 1.76 trillion) arrived at by the Comptroller and Auditor General of India is utterly erroneous," Union Telecom Minister Kapil Sibal said on Friday while addressing a press conference in New Delhi.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
If there is one single fault among the common people, it is the willingness to send the same kind of people time and again to Parliament and tolerate the venal ways of the people appointed to serve the citizens, says Mahesh Vijapurkar.
After the Bombay high court, it was the turn of the Comptroller and Auditor General to slam the Maharashtra government over non-levy of entertainment tax on Indian Premier League matches, saying the state lost nearly Rs 5 crore on this count in 2008.
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.
The DoT had last week sent a detailed reply to all the issues raised by the CAG.
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.
'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.
Raja Krishnamoorthi, who lost the party primary for comptroller of Illinois, US, earlier this year by a whisker, last week submitted his application to the Democratic State Central Committee to be considered as the party's lieutenant governor nominee.
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
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.
The Comptroller and Auditor General of India (CAG) is expected to complete the special audit of the accounts of KG Basin oil and gas fields of Mukesh Ambani-owned Reliance Industries Ltd (RIL) by February next year, a top official said.
'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.
US President Barack Obama's former Indian-American policy adviser Raja Krishnamoorthi has raised more than US $ 1 million for his campaign for post of Illinois state comptroller, for which he has also received support from leading city dailies.
In an editorial on 'Election 2010 endorsements', the Chicago Tribune said Krishnamoorthi provides Democrats the ability to "opt for a fresh perspective" in the February 2 primary election.
The Comptroller of Auditor General (CAG) of India has rapped Maharashtra Government for giving 'undue benefit of over Rs 20 crore (Rs 200 million)' to controversial Satyam Computer Services Ltd by selling land at lower rates in Multimodal International Hub Airport (MIHAN) project at Nagpur.
Effective tax rate is the portion of profits which companies pay as corporate tax after seeking exemptions, as against the statutory tax rate of 33.9 per cent.
The auditor of government accounts, CAG, has faulted the Income Tax department for levying Rs 708.6 crore less in taxes from companies including State Bank of India, Tata Sons, Mahindra & Mahindra and Bharti.
The DoT is acting as a liaison between telecom companies and the CAG for an audit by the latter.
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.
Even the CBI has filed a case against some unknown officials of the DoT for conniving with private companies for manipulation of licence terms and conditions.
The report for the period ended March 2009, presented in the assembly by Deputy Chief Minister S K Modi, who holds charge of the finance department, said revenue receipts between 2008-09 increased by Rs 4770.97 crore (Rs 47.7 billion) mainly due to grants-in-aid and share of Union taxes from the Centre.
The state government allotted 50 acres of land near Visakhapatnam to Satyam Computer in December 2008 at a concessional rate of Rs 10 lakh.
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 Defence Minister should make a statement and clarify what is the reason and why it is being purchased after its price has been escalated 20 times," CPM leader Basudeb Acharia said in Lok Sabha. He was promptly supported by former Defence Minister and Samajwadi Party chief Mulayam Singh Yadav.
After facing flak over recent accidents claiming six lives, Delhi Metro has come under attack from the Comptroller and Auditor General which raised questions on its accountability and blamed the government for "deliberately" delaying tabling of the report in Parliament.
It is also understood that scope of this audit will far exceed the normal course of audit by CAG and the prime objective may be to detect fraud, if any, by RIL allegedly in collusion with oil regulator DGH and Ministry of Petroleum and Natural Gas.
Demanding an inquiry into the purchase of 111 new aircraft by national carrier Air India, the Bharatiya Janata Party (BJP) has said the proposal was the root cause of the airline's financial woes.
The Board of Control for Cricket in India no longer enjoys the tax exemptions it got in the guise of being a charitable organisation but the government does not plan to bring it under the ambit of audit by Comptroller and Auditor General.
According to global consultancy firm Grant Thornton LLP, most of the US companies are planning to reduce the average cost per employee by reducing various components of their employee's benefit and compensation package.
India on Friday won a crucial election to the UN Board of Auditors with its nominee Shashi Kant Sharma, the Comptroller and Auditor General, garnering the largest number of votes.
The Comptroller and Auditor General of India, the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel, Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10.
'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.'
With audits being taken up in a host of areas including private firms now, the process demands trained manpower.
