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.
In the dock over three new Comptroller and Auditor General reports, the government on Friday stressed that these were not final and accused the auditor of not following its mandate.
The government's decision to buy 36 Rafale fighter jets from French company Dassault has become a controversial political issue, with the main opposition party Congress levelling allegations of corruption and impropriety, and the ruling dispensation defending the move.
Mehrishi has emerged as the top choice for the post, the sources said, adding a formal order on this is expected soon.
IOA president P T Usha on Sunday slammed the revolting executive council members, saying they 'seem more focused on self-serving power play and monetary gain'
National auditor says a significant part of NPAs was due to fraud and may never be recovered
Congress said it expects the truth to prevail after the report on the Rafale deal is made public.
With the Congress party baying for his blood, Union Minister Nitin Gadkari on Monday broke his silence on the CAG report on irregularities in loan extended to his family-linked Purti Group.
Artificial scarcity and lack of clarity on available bandwidth blamed for scam.
CAG may not be the cure-all for the ills that afflict PPP projects and is perhaps a sub-optimal solution to the problem.
Government auditor CAG on Friday pulled up the Income Tax Department (ITD) for allowing irregular tax exemption to two Tata trusts involving tax implication of over Rs 1,000 crore (Rs 10 billion).
The BJP government in the state violated the Indian Government Accounting Standard.
The report noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments.
The opposition party also said that it would be improper on the part of Mehrishi to present the report in Parliament.
The CAG report, tabled in Parliament on Tuesday, said because of non-deployment of pay loaders, South Eastern Coalfields Ltd, a CIL subsidiary, failed to utilise gainfully the existing crushing facilities and to earn an additional revenue of Rs 12.76 crore (Rs 127.6 million) during June 2010 and May 2011.
RINL wiped out its losses in 2005-06 with money from the government.
CAG, in the third round of audit of KG-D6 as well as three other oil and gas fields, on November 11 wrote to RIL seeking records to audit spending in 2012-13.
CAG's report on Hydrocarbon Exploration Efforts of ONGC, which was tabled in Parliament today, expressed concern at the company's lack of adequate efforts and results in new fields and wanted the Oil Ministry to reset annual targets set out in memorandum of understanding that the firm signs with the government.
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The Press Trust of India on Sunday in its report quoted Minister of State in the Prime Minister's office V Narayanasamy as having said that converting the Comptroller and Auditor General (CAG) into a multi-member body was under consideration of the government. The minister, however, said that he was misquoted.
The lack of proper coordination and disaster management plan on the part of railways resulted in the stampede at Allahabad station during last year's Maha Kumbh Mela in which 37 persons were killed, the Comptroller and Auditor General has said.
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
CAG says Rs 43,270.01 cr was spent by the water resources department on 426 incomplete projects.
Delhi High Court says it can do so under the TRAI Act, rejects petitions filed by telecom associations.
We will now get CAG to do the audit for the last 3-4 years, says the secretary.
In a blow to GSM operators, who have been demanding that auditor CAG be stopped from vetting their account books, tribunal TDSAT has declined an interim relief, saying it had no powers to intervene.
The auditor also raised doubts over the safety procedures.
"The performance of the public part of the (PPP) project should be subject to proper scrutiny but obviously where the private sector (is given) flexibility ... you cannot subject that to CAG scrutiny," Montek Singh, Planning Commission Deputy Chairman said when asked whether there is case for CAG scrutiny of PPP projects.
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."
The Supreme Court on Monday refused to entertain a Public Interest Litigation challenging the appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block.
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.
The CAG, in its report tabled in Parliament recently, had stated that the defence forces had ammunition that could last for 20 days in the event of a war, instead of the minimum requirement of 40 days.
With media reports of audit raking up a coal scam, Prime Minister Manmohan Singh on Thursday said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.
The case was registered against the veteran Bharatiya Janata Party leader by Lokayukta police in 2015 based on the report of the Comptroller and Auditor General of India.
DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).
The DoT and CAG developments come in the wake of reports of revenue loss and misuse of WiMax licences.
The Comptroller of Auditor General (CAG) on Friday came down heavily on the environment ministry for lapses in implementation of its green schemes whether it was for afforestation, biodiversity, pollution control or creating awareness.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
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