This comes on the heels of the department of telecom appointing private auditors to look into the books of telcos after it was detected that some of the operators were diverting revenues in segments which attracted lower licence fee.
Around 29,533 candidates who got registered at the state district employment exchanges are not likely to get jobs because of computer errors, caused by the staff at these exchanges, and usage of outdated technology, according to the Comptroller and Auditor General of India.
"Before entering into any contract, the government will go through all details. We will assess the criticism, including that of CAG, on the issue. At present, the Gorshkov price escalation is in negotiation stage. Nothing has been finalised," Defence Minister A K Antony said during Question Hour.
The report has revealed that BSNL, which contributed around 98 per cent to the financial irregularities, failed to pay a government loan amounting to Rs 7,500 crore (Rs 75 billion) in spite of having adequate cash reserves in short-term deposits with other banks during the year 2005-06 and 2006-07.
The Defence Ministry on Saturday said it would probe allegations of the Army spending Rs 1.17 crore on golf carts from special funds. Referring to the Comptroller and Auditor General slamming chiefs of the Army's Northern and Western Commands for alleged misuse of special financial powers during April 2002 and August 2007, Minister of State for Defence M M Pallam Raju said that "irregularities, if any, will be addressed."
The company's accounts were audited by CAG as its shareholders include public sector banks.
Congress said it expects the truth to prevail after the report on the Rafale deal is made public.
This follows a letter by RIL to the ministry, justifying the increase in capex.
Accordingly, the Central Board of Direct Taxes has asked its officials in the field to check every deduction claimed by banks against each claim. The CBDT action has been prompted by a recent assessment of banks carried out by the Comptroller and Auditor General.
As the House took up the debate on Motion of Thanks on the President's Address, the Bharatiya Janata Party launched a frontal attack on opposition parties specially the Congress for their stance against the CAA, saying they were trying to divide the nation.
Replying to questions in Rajya Sabha, he said CAG in its audit observations has pointed out financial irregularities of Rs 1404.32 crore (Rs 14.04 billion) in its 2008 report and Rs 4547.63 crore (Rs 45.47 billion) in the 2007 report. Deshmukh said CAG has also pointed out reasons for deficiencies in the accounts of PSUs.
"At several occasions our leadership has given public statements on the issue. Each and every step in the process of the refit of the aircraft carrier is monitored by Indian navy's technical team and they have never raised objections," Vyacheslav Davidenko, the official spokesman for the Rosoboronexport state corporation, told PTI in Moscow.
The Comptroller and Auditor General report for 2008, released in New Delhi, also questioned the prudence of the Ministry in buying the second-hand Russian warship, which now comes at 'half its life-span and about "60 per cent more expensive' than a new aircraft carrier.
The Dalimia Bharat group, under the memorandum of understanding, would maintain the monument and build basic infrastructure around it and has committed a sum of Rs 25 crore for the purpose over a period spanning five years.
Gujarat Chief Minister Narendra Modi on Sunday night alleged that a report by the Comptroller and Auditor General of India had found that Rs 50,000 crore was unaccounted for and 'missing from the central government's coffers'."The country wants to know from Prime Minster Manmohan Singh about this money that has simply vanished," Modi said. Training guns on Dr Singh, Modi said the country should know whether the huge sum of "missing money was being used for the elections."
Tribal students in Jharkhand, who were given textbooks free of cost, could not use them as there were no "qualified teachers" to teach tribal languages, a Comptroller and Auditor General of India's report has said. The government in 2003 decided to introduce tribal languages for class I to V, it said.
The ministry cancelled the caterer's contract following tweets surfaced of the incident.
Former cricketer Gautam Gambhir, actor Manoj Bajpayee, mountaineer Bachendri Pal, ISRO scientist Nambi Narayanan and Odisha tea seller D Prakash Rao were among the recipients of the honour.
Acting as external auditor to World Health Organisation, CAG flagged a number of risks associated with the execution of the Global Management System project, where Satyam happens to be the key contractor. The $55.5 million project was initially targeted to go live in September 2007, but was given its first extension until December 2007, then a second until March 2008 and a third until June 2008, the auditor said.
Earlier this month, the corporate affairs ministry had written to various ministries including telecom, railways and steel seeking directions for public sector units under their administrative control for exempting Satyam from submitting audited balance sheets while bidding for projects of the state-owned firms.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
Reliance Industries has written to the government that it has no objection to the Comptroller and Auditor General of India auditing its gas field costs and said it is operating the field in compliance with rules.
Some documents not yet provided, spokesperson tells DNA Money. Murli Deora's Petromin says report submitted! ADAG once again asks for tabling of report, shows 'proof' govt appointed auditors of RIL expense sheet have conflict of interest.
With the Comptroller and Auditor General slamming the government for buying the second-hand Admiral Gorshkov at the price of a new aircraft carrier, Navy Chief Admiral Sureesh Mehta on Thursday defended the price being paid by India for the warship.
West Bengal lost Rs 546.68 crore (Rs 5.46 billion) in 2007-08 for not having its own fiscal responsibility law, which mandates fiscal discipline, according to the Comptroller and Auditor General (CAG).
State-run power firm NTPC overstated its profits by Rs 938 crore (R 9.38 billion) in 2007-08, the Comptroller and Auditor General of India said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.
The plan is to de-notify the entire SEZ.
Altogether 41,663 farmers in 383 villages in Washim, Yavatmal, Amravati and Buldhana districts of Vidarbha region were covered in the sample survey. Those reporting land holding in range of two to six hectares were 40 per cent and around six per cent reported land holding of more than six hectares, CAG said. Only eight per cent farmers confirmed visit of any government official in 2006, the report said.
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.
11 private firms would be involved in the ambitious project.
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
"Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana government during the Congress regime has come under attack from the Comptroller and Auditor General.
India has been elected to the newly established Independent Audit Advisory Committee, a five-member body which is expected to contribute to improving the accountability of the UN Secretariat to the member states.
In 2001, George Fernandes was in the cross hairs of the Comptroller and Auditor General over the purchase of allegedly overpriced coffins for soldiers killed in battle. Seven years later, the CAG has zeroed in on Fernandes' pet project -- a new ordnance factory in his parliamentary constituency, Nalanda, to manufacture 155 mm ammunition for Bofors guns -- slamming it as a poorly planned project that was rushed through urgently.
Having cut off the "umbilical cord" that tied him to the Board, the former Comptroller and Auditor General (CAG) spoke to PTI on a range of issues from "giving a free hand" to the Virat Kohli-Ravi Shastri duo, Anil Kumble's exit as national coach, his frosty relationship with colleague Diana Edulji, sexual harassment allegations against BCCI CEO Rahul Johri and difficulties in implementing the Supreme Court-mandated Lodha recommendations.
Jaitley said the CAG report has reference to the shortage of ammunition in relation to a point of time.
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.
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