In 2019-20, the capital expenditure of Indian Railways (IR) increased 60 per cent over 2016-17. The draft National Railways plan envisages a further increase in IR's capital expenditure, but an analysis by Business Standard shows that IR has come to depend more on borrowings and budgetary support. In 2016-17, while 11 per cent of its capital expenditure (capex) was funded by internal sources, in 2019-20 the ratio dropped to less than 1 per cent. A 2015 Committee on Restructuring Railways had flagged that over-reliance on borrowings could exacerbate the financial situation of Railways.
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.
Every third child in Gujarat is underweight, says the CAG
Former CAG Rajiv Mehrishi says Centre has held back a report he submitted to the President, to end what he called "a nightmare of accounts that militates against good governance".
It came under severe criticism from the CAG on Friday as it pointed out that its Mark-I version has 53 'significant shortfalls'.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
Pulling up Hindustan Aeronautics Limited for an inordinate delay of 14 years in the development and supply of a trainer aircraft, the CAG has observed that the time overrun has affected the Stage-II training of IAF pilots.
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
Defending the proactive approach of the CAG, Rai emphasised that the job of the public auditor was also to ensure that executive and the government are held financially accountable to legislature.
With the Opposition targeting the government on alleged irregularities in the farm loan waiver scheme, Prime Minister Manmohan Singh on Wednesday promised "stringent possible action" against defaulters, if any.
R P Singh says CAG's loss estimate of Rs 1.76 cr in 2G spectrum allocation report is inflated.
The Delhi police has registered a case against Zee News for allegedly showing forged annexure of a CAG report on coal block allocation, a charge dismissed by the channel as a 'figment of imagination, mala fide and oppressive'.
Centre objected to the review petition and said that the basic grounds for seeking review of the verdict are the same as they were in the main petition.
The BJP government in the state violated the Indian Government Accounting Standard.
The Comptroller and Auditor General report tabled in Gujarat legislature has indicated security lapses and mismanagement by the jail staff in the state prisons.
We have just ended a wasted session of Parliament. Both Houses were paralysed because the CAG has issued a report, which rightly or wrongly, makes certain allegations about the public functionaries. We have great respect for the institution of the CAG, but if we respect this institution, we must be willing to debate its findings in the Public Accounts Committee, or even on the floor of the Parliament, which we have always been willing.
Left parties and the Telugu Desam Party on Monday demanded cancellation of allocation of all the 142 coal blocks and a thorough enquiry into the matter and attacked Prime Minister Manmohan Singh for his remarks against the CAG.
Supplementary provisions exceeded the original provision by as much as 239,900 per cent in 2014-15.
Government auditor, the Comptroller and Auditor General has slammed the Navy, defence ministry and a state-run shipyard for the protracted delay in carrying out refit of submarine INS Sindhukirti because of which the force was unable to operate one of their lethal platforms since June 2004.
Amid allegations and counter-allegations over the Comptroller and Auditor General's figure of presumptive losses in 2G allocation, Union Information and Broadcasting Minister Manish Tewari on Saturday demanded that the CAG explain the issue to clear the air over the matter.
The minister joined other Congress leaders in questioning the CAG for the estimated loss, in the wake of the current auction.
Union Law Minister Ravi Shankar Prasad on Thursday said Justice S Muralidhar of the Delhi high court was transferred on the recommendation of the Supreme Court collegium and accused the Congress of politicising a routine transfer. He added that a "well-settled process" was followed in the transfer of Justice Muralidhar to the Punjab and Haryana high court.
The Comptroller and Auditor General on Tuesday declined to join a public debate on the controversies over its findings on the coal blocks allocation, which have come under attack from Prime Minister Manmohan Singh, the Congress and critics.
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 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
Under attack over his remarks that official auditor should not "sensationalise" its audit findings, Finance Minister Arun Jaitley on Thursday said media did not accurately reflect the spirit of his speech at the CAG conference.
The Communist Party of Indi today demanded that Prime Minister Manmohan Singh reply to charges of irregularities in allocation of coal blocks instead of evading an answer over the issue.
The CAG audit and other data suggests it could be far from the efficient new alternative that was once conceptualised. A conclusive review remains elusive till the government begins to release more granular and comparable data on the complex backend of GST to a deeper scrutiny, by researchers, auditors and the public.
The Comptroller and Auditor General of India has criticised the army for "unauthorised" utilisation of helicopters of the aviation corps including sorties undertaken on Saturday, Sunday and holidays which cost the exchequer nearly Rs three crore extra as unauthorised expenditure.
The decision to enhance AI fleet came after Tatas withdrew from the race to pick up stake in the national carrier in December 2001.
It is because of the Comptroller & Auditor General that we know all isn't well in the murky world of government purchases and the allocation of resources.
The Comptroller and Auditor General on Tuesday slammed the Defence Ministry and Air Force for "several instances" of deviation from rules in the procurement of VVIP choppers in the Rs 3,727 crore AgustaWestland deal.
While giving approval to commercially develop land in Gurgaon, the Haryana government considered Robert Vadra's name and status as proof of his company's financial capacity.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Government auditor Comptroller and Auditor General has started a comprehensive audit into the role of armed forces, Coast Guard and Colaba administration in land allotment to the scam-tainted Adarsh Housing Society.
The House witnessed three adjournments in the pre-lunch session as proceedings continued to be disrupted by a slogan- shouting opposition members, particularly, the Congress
The Uttar Pradesh government's oft-repeated claims about the success of the 2013 Kumbh Mela have fallen flat, with the Comptroller and Auditor General pointing out various failures and pitfalls in the mega event.
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.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
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