"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.
Chaudhry said the BCCI cannot approve an appointment in the current situation.
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.
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.
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.
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.
The trio also accused PM Modi of single-handedly changing the parameters of the deal.
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.
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.
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 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.
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.
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 trio said the top court had relied upon 'patently incorrect' claims made by the government in an unsigned note given in a sealed cover in the court.
The DoT is acting as a liaison between telecom companies and the CAG for an audit by the latter.
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.
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 state government allotted 50 acres of land near Visakhapatnam to Satyam Computer in December 2008 at a concessional rate of Rs 10 lakh.
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 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.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
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.
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.
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 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.
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's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with just Reliance Jio and Bharti Airtel surviving the mayhem. The third player, Vodafone Idea, could be history.
With audits being taken up in a host of areas including private firms now, the process demands trained manpower.
Looking into the flexi-fare scheme in Rajdhani, Duronto and Shatabdi trains introduced in September 2016, the CAG stated that occupancy in all classes except the sleeper class in Duronto decreased.
Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.
It was planned to add 2,000 kms of new lines, convert 10,000 km of metre/narrow gauge into broad gauge, double the 6,000 km of single track and electrify 3,500 km of routes during the 11th Plan.
If CAG indicts Raja, will action be taken? asks Business Standard.
The accrual-based financial statements are expected to provide more appropriate presentation of financial performance and position of the government, said the government statement. The Union and states would have a common format of financial statements that would include a balance sheet, a statement of financial performance and a cash flow statement.
The police department had 49,143 units of weapons, of which 11,232 or about 23 per cent, were obsolete, the CAG report for the year ended March 31, 2009 said. There was also shortage of weapons as per Bureau of Police Research and Development (BPRD) norms.
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
In its report for the year ended March 31, 2008, the CAG has expressed serious concern over deficiencies like 'non-provision of the envisaged job guarantee to rural poor, fake payment of wages and delay in payment of wages to labourers'.
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