Typically these are high-beta stocks and earnings are volatile
In its report tabled in Parliament, the CAG said the Swan Telecom's application was 'in effect against the intent and spirit' of the Unified Access Service Licencing guidelines as it was among those beneficiaries which 'suppressed facts, disclosed incomplete information and submitted fictitious documents' to the department of telecommunication.
Telecom Minister Kapil Sibal on Friday said that he meant no disrespect to any institution by his comments on the CAG report on 2G scam, but maintained that "canards" had to be responded to.
Telecom Minister A Raja has been indicted by the CAG in the 2G spectrum scam, which resulted in a loss of about Rs 1,70,000 crore.
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 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.
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.
Akhilesh believes his catchment area is the 4.1 million new voters who are 18 to 19 years old.
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.
Today, hour-long, high-pitched 'debates' at prime time, replete with inflammatory visuals and captions, using half-truths, insinuations and lies, pour venom against Muslims and seek to divide Hindus and Muslims, notes Jyoti Punwani.
That the MVA government, comprising Shiv Sena, Nationalist Congress Party and Congress completed a year in office despite frequent murmurs of lack of coordination among the ruling alliance partners is being attributed to the rapport between Thackeray, 60, and NCP patriarch Sharad Pawar.
A Congress minister has defended the former Ghulam Nabi Azad-led Congress government in Jammu and Kashmir in the wake of the Comptroller and Auditor General's disclosure that it framed rules in violation of the Roshni Act under a Rs 25,000 crore land-transfer scam.
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.
The Comptroller and Auditor General on Friday rapped space agency Indian Space Research Organisation for allowing a foreign private satellite service provider to park its satellite in an orbit slot meant for Indian satellites in violation of nation's SATCOM policy and extending "undue benefit" to a foreign firm.
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
All cases that were registered last year during will be pursued.
Saurabh Patel, energy minister, Gujarat, who has handled the energy portfolio since 2002, speaks to Archis Mohan on GPSC's investment in the KG basin and says the criticism is politically motivated.
'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.'
"Political will can reform but bureaucracy performs and public participation transforms. We have to bring them on one wavelength," Prime Minister Narendra Modi told bureaucrats on civil services day.
'This government will end after five years, but farmers will not end after five years.' 'This is the source of our confidence.'
It said Air India "accepted" that though the number of flights from Delhi "increased substantially.
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?
The Railways has also reduced flexi-fares from 1.5 to 1.4 times the base ticket fare in 101 trains
Government auditor, the Comptroller and Auditor General has found that not all disease outbreaks and chemical accidents taking place in different parts of the country are reported to Central authorities which could effect the response to epidemics.
In their review plea, they alleged that the judgment "relied upon patently incorrect claims made by the government in an unsigned note given in a sealed cover" to the apex court.
Watch Live! Jaiswal and Chidambaram's press conference on the coal scam
A CAG report severely criticises the movie certification body for fabrication of documents and showing bias while issuing film certificates.
CAG report commands respect and cannot be brushed aside but it cannot be the final word on an issue, the Supreme Court said today while noting that the auditor's findings cannot be gospel truth as it is subject to scrutiny by Parliament.
After ex-Comptroller and Auditor General Vinod Rai attacked Manmohan Singh on 2G issue, Congress leader Kamal Nath on Friday said the former Prime Minister may have made a "mistake" in not acting despite his letter to him expressing concern over the spectrum allocation process.
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.
The Bharatiya Janata Party on Monday questioned the safety of the Signature Bridge in East Delhi after the Comptroller and Auditor General objected to allowing use of pre-fabricated steel frames imported from China for its construction. "It is a serious issue that there is no mechanism with the Delhi Government to check the quality of material and fabrication work being done in China. This raises concern about the safety of the bridge," BJP leader Vijay Goel said.
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.
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.
A Congress member in Public Accounts Committee on Friday suggested calling former head of Commonwealth Games Organising Committee Suresh Kalmadi before the Parliamentary panel examining CAG report on games irregularities, but its chairman and BJP leader Murli Manohar Joshi seemed disinclined.
Outgoing Comptroller and Auditor General Vinod Rai on Tuesday dismissed charges that he was behind the leak of controversial audit reports on 2G spectrum and coal block allocations.
'I would have expected that, once firmly ensconced in the director's chair by 2:15 am, the not-director of the CBI would have called for pen and paper and hand-written a few clean chits.' 'Clean chits over Rafale; clean chits to the PM's secretary in the coal bribery case; a clean chit to Hasmukh Adhia on whatever claim Subramanian Swamy has cooked up about him...' says Mihir Sharma.
The minister also said that four cases of corruption in defence deals have been registered by the CBI since 2015.
Even as her party demands the prime minister's resignation, Bharatiya Janata Party leader Sushma Swaraj has asked the government to announce cancellation of the controversial coal block allocations and institution of an independent inquiry.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances