But company says govt decision to permit use of incremental coal does not result in any loss to exchequer or undue benefit.
The Comptroller and Auditor General of India plans to focus on infrastructure companies and banks for special audit during the current financial year.
The bone of contention is the 450-seat convention centre built in the new DRDO building behind South Block at an additional cost of Rs 6.40 crore which has been taken objection to by the Comptroller and Auditor General.
Every class of passenger travel, except three-tier AC, loses money.
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.
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.
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?
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
The Comptroller and Auditor General has come down heavily on the Department of Space, particularly on its former Secretary G Madhavan Nair, in the controversial Antrix-Devas deal alleging numerous rules and policies were violated and facts concealed to favour a private company.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
L&T has denied the charge and said the delay was entirely due to a dispute between Cidco and the railways.
The Supreme Court bench comprising of Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud warned if there is a false statement given by BCCI office bearers on affidavit, then perjury or contempt proceedings could be initiated.
They were participating in a debate on the bill for giving effect to various compliance relief measures for taxpayers, including extending time limits for filing returns, in the wake of the coronavirus crisis and tax benefits for donations to PM CARES Fund.
While the top bosses in the BCCI remained tight-lipped about the development, a senior official in the know of things told PTI that they have decided to accept his resignation letter sent on December 27.
Moneylife's victory against NSE shows good journalism does not need to fear deep pockets of big corporations
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.
Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.
Accusing the government of being under the influence of corporate houses, Left parties demanded a thorough probe into the CAG findings on the coal block allocation issue and an immediate debate on it in Parliament.
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.
Banerjee also criticised Dhankhar over his recent visit to North Bengal, claiming a conspiracy was being hatched to divide the region.
'In China there is capital punishment for heritage theft. That is how they treat criminals, unlike us.' 'Here we treat them like it's a house-breaking theft.'
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'.
Terming as "baseless innuendos" the allegations of fraud by her Trust, Law Minister Salman Khurshid's wife Louise launched a scathing attack on activist Arvind Kerjriwal, accusing him of "doing politics using the shoulders of the disabled". She also trashed speculation about her husband resigning over the issue, saying there is no reason why her husband should step down.
Fit-again India all-rounder Hardik Pandya is attempting to make his comeback by taking part in the D Y Patil T20 tournament, starting in Mumbai, on Monday. Shikhar Dhawan and Bhuvneshwar Kumar are also on their road to recovery after sustaining injuries.
Amid a war of words between the government and the opposition over the recent Comptroller and Auditor General reports, President Pranab Mukherjee on Monday cautioned that attempts by any organ of the state to overreach will unnecessarily lead to dissonance within the system.
In popular perception, the villain of the piece is former civil aviation minister Praful Patel.
Amid furore over coal blocks allocation, the government will place its views before Parliament's Public Accounts Committee by September 14 on the observations made by the Comptroller and Auditor General. "The coal ministry will submit its comments to the PAC on CAG's observations on coal blocks allocations by September 14," said a top coal ministry official.
A better system of operating central and state PSEs, and indeed all commercial activities of the government, would require eliminating the current system that oversees them.
A firm, which managed Prime Minister Narendra Modi's hugely successful Lok Sabha campaign, has come under the scanner of revenue authorities for alleged service tax evasion.
The attendance of former Board of Control for Cricket in India chief Narayanaswami Srinivasan and ex-secretary Niranjan Shah at a recent Special General Meeting (SGM) of the cricket body as a nominee of state cricket associations today came under close scrutiny of the Supreme Court.
Monday's verdict in the fodder scam, sending former Bihar chief minister Lalu Prasad Yadav to jail, for which he could be disqualified as a member of the Lok Sabha - which could jeopardize the UPA government's already wafer-thin majority, is all over the news but how much do you know about it? Check out our primer.
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.
RIL stated on Saturday that it had never contested the government's right to get spendings on the flagging KG-D6 gas fields audited by the Comptroller and Auditor General of India but added that the consent must not lead to a performance audit of a private firm.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
Rejecting the Bharatiya Janata Party's charge that bribes were paid to it in coal blocks allocation, the Congress on Monday dared it to make public any proof it had and asked the opposition party to "look within" as its former president had been jailed for graft.
As the Bharatiya Janata Party disrupted the Parliament on the coal block issue, Prime Minister Manmohan Singh on Monday attacked the party and dared it to have a debate in the House to let the country judge the truth.
The Committee of Administrators headed by ex-CAG Vinod Rai shall demit office after elected office-bearers of BCCI take charge, the Supreme Court said.
Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
India desperately needs to ugrade the armed forces's war-fighting capabilities and tackle the problem of ammunition deficiency if it is to fight and win on the battlefields of the 21st century, says Brigadier Gurmeet Kanwal (retd).
The court said a 'scam was created when there was none'.
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