WebinarsNew
Deep DiveNew
Explore Business Standard
The Comptroller and Auditor General of India has flagged delays in achieving the intended outcomes of enhancing operational safety in the Railways, noting that 20,304 safety-related railway works remained unfinished during the financial year 2024-25. The government's financial watchdog, which tabled its report in Parliament on Wednesday, provided an analytical review of the finances and accounts of the Indian Railways based on the audited accounts for the year ended March 2025. A press note highlighting the major findings of the audit said, "Over 20,304 safety-related works remain unfinished, indicating delays in achieving intended safety outcomes." Flagging another concerning area related to the Rashtriya Rail Sanraksha Kosh (RRSK), a dedicated fund created for safety-related works, it said that the Indian Railways was supposed to contribute a large amount of its own resources to the RRSK but contributed much less than planned. "Railways contributed only a small fraction of the ..
A CAG report tabled in the Delhi Assembly by Chief Minister Rekha Gupta on Monday highlighted the overall declining trend of GSDP, indicating "slightly slower" economic growth of the city as compared to the rest of the country. The report on the finances of Delhi government for 2024-25 analysed overall financial health, expenditure trends, debt position, and compliance with fiscal responsibility during the period when the Aam Aadmi Party (AAP) was in power in Delhi. The economic growth and gross state domestic product (GSDP) of Delhi showed a "healthy trend" in 2024-25. The GSDP at Rs 12.15 lakh crore registered a growth of 9.17 per cent over the previous financial year, the report by the Comptroller and Auditor General (CAG) of India said. It said Delhi contributed 3.67 per cent to the gross domestic product (GDP) of India in 2024-25. GDP refers to the total value of goods and services produced within a country, while GSDP measures the same at the state or Union territory level, an
Assam's Social Audit Unit, set up to ensure transparency and accountability in rural development schemes, has faced severe operational and governance challenges, according to a CAG report. The report of the Comptroller and Auditor General of India on 'Local Bodies' for the period ending March 2024 highlighted that the registration of SAU expired long back due to infrequent governing Body meetings that hindered budget approvals and annual account certifications. "The registration of the SAU under the Societies Act remained invalid for almost five years, since December 2019. Gross shortfall in holding of governing body meetings implies the deficiency in monitoring at the government level," it added. The CAG recommended that governing body meetings should be held at stipulated intervals to ensure approval of the budget and annual accounts of SAU, and to facilitate effective monitoring of the activities. It also pointed out that the manpower policy of SAU is yet to be firmed up, even .
The Comptroller and Auditor General (CAG) of India has flagged "systemic deficiencies" in Maharashtra's governance, identifying Rs 891 crore in possible financial irregularities across more than 10,000 audit queries that various departments ignored despite repeated reminders over a decade. The CAG, in the report tabled in the recently concluded budget session of the state assembly, criticised the delay by departments in filing action taken notes (ATNs), stating that the state's inability to address queries in 2,408 inspection reports (IRs) undermined "executive accountability" and "legislative oversight". The CAG has raised queries over the accounts, some dating back over a decade, but the departments have left them unanswered. As many as 2,408 IRs, containing 10,340 paragraphs (queries), were pending settlement as of June 2023, reflecting a significant backlog, even as a separate local audit for 2022-23 raised 2,119 objections involving revenue implications of Rs 891.29 crore, ...