Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report

The share of internal resources in total capital expenditure also decreased to 3.01 per cent in 2017-18

Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report
ANI
1 min read Last Updated : Dec 02 2019 | 8:28 PM IST

India's net revenue surplus decreased by 66.10 per cent from Rs 4,913.00 crore in 2016-17 to Rs 1,665.61 crore in 2017-18, said the Comptroller and Auditor General of India (CAG) in a report tabled in Parliament on Monday.

"The share of internal resources in total capital expenditure also decreased to 3.01 per cent in 2017-18," added the CAG in the report.

According to CAG, the appropriation to depreciation reserve fund decreased significantly by 68 per cent in 2017-18. Under the provisioning for depreciation resulted in piling up of 'throw forward' of works estimated at Rs 1,01,194 crore," said the country's central auditing agency.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :cagComptroller and Auditor General of India

First Published: Dec 02 2019 | 7:21 PM IST

Next Story