Page 4 - Cag Report

CAG findings on IGST sharing may strain Centre-state relations further

As per rules, IGST must be shared equally between Centre and states and union govt is bound to part with another 42% of its share as per 15th Finance Commission recommendations

NTPC, Concor freight advance saved Railways dipping operating ratio: CAG

Without freight advance from NTPC and Concor the operating ratio would've been worse, notes CAG

Former J&K Governor G C Murmu sworn in as Comptroller and Auditor General

At a ceremony held in the Ashoka Hall, Rashtrapati Bhavan, Murmu was sworn in as the Comptroller and Auditor-General of India

Kerala govt constitutes SIT to probe alleged leak of CAG report's contents

Chief Secretary Tom Jose had said there were doubts that even before the report was tabled in the assembly

CPSEs' non-compliance to directives led to Rs 9k-cr dividend shortfall: CAG

The CAG also pulled up the government for including the income from investment in SUUTI as part of the disinvestment proceeds leading to overstatement of Rs 1,400 crore

Delhi Jal Board yet to repay debt of over Rs 20,000 crore: CAG report

No amount has been repaid in the last five years, said the CAG report

Odisha's investments in PSUs yield poor returns, says CAG report

Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation

Gaps galore in original Rafale deal, CAG blames IAF for purchase delays too

Report dwells on ills in India's acquisition policy not just in Rafale, but other purchases as well, such as Apache attack helicopters, Chinook heavy lift helicopters, C-130 planes

Tip of the iceberg

CAG presents a disturbing picture of govt spending

Seek legal advice on paying Russian firm: CAG to MoD after loss of millions

The CAG also said there was an inordinate delay in the indigenous development of unmanned aerial vehicles by the DRDO

Of 16 major power, irrigation projects, only 5 under execution: CAG

The slow physical progress of the projects led to an overall cost escalation by 2,341%

CAG pulls up I-T dept for not adopting uniform mechanism

It also noted that AOs were allowing or disallowing amounts pertaining to bogus transactions arbitrarily

Indirect tax: CAG pulls up Central Excise Department on compliance issues

Cases involving Central Excise revenue of Rs 1,08,563 crore were pending in appeals at the end of 2016-17, says CAG

Missile systems not yet installed along India-China border: CAG report

Also, the missile system development has not been upgraded

Commando school construction delayed due to non-availability of land: CAG

Report said the land available for phase-I was also not sufficient for construction works

CWC unable to forecast floods as 60% telemetry stations out of order: CAG

Telemetry stations collect data at remote or inaccessible points

CAG, CSE rap crop insurance plans

Government-pushed insurance schemes have achieved little and only benefited entities in the sector, the office of the Union comptroller and auditor general (CAG) has concluded, as has another report from the non-government Centre for Science and Environment (CSE).The CSE report says insurance companies had benefited by a cumulative Rs 10,000 crore in profit as on April, due to low claims reported in relation to the premium charged. The gross direct premium of general insurance companies grew by 32 per cent, from Rs 96,376 crore in 2015-16 to Rs 1.27 lakh crore in 2016-17, nearly half of which came from crop insurance, the CSE report said. The CAG report was presented in Parliament on Friday; the CSE analysis was released to the public. The CAG report examines crop insurance schemes - National Agriculture Insurance Scheme (NAIS), Modified NAIS and the Weather Based Crop Insurance Scheme (WBCIS), implemented during 2011-12 through 2015-16. The CSE study analysed the new Pradhan Mantri ..

J&K govt violates budget provisions by spending Rs 1,961 cr in FY 16: CAG

The report was tabled in the Jammu and Kashmir Assembly recently during its special session on GST