Authorities were good at recovering amounts from medium firms but failed to pin down large and small ones.
State-owned firm neither applied technical due diligence nor did techno-commercial study to assess viability before allotment of its two captive coal blocks, says report
It further said 13 government companies under the Ministry of Petroleum and Natural Gas contributed Rs 29,272 crore, representing 40.74 per cent of the total dividend declared by all government firms
Kerala state finance minister TM Thomas Issac said there is nothing to be ashamed of in appearing before the ethics committee of the Kerala legislative assembly
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
Without freight advance from NTPC and Concor the operating ratio would've been worse, notes CAG
At a ceremony held in the Ashoka Hall, Rashtrapati Bhavan, Murmu was sworn in as the Comptroller and Auditor-General of India
Chief Secretary Tom Jose had said there were doubts that even before the report was tabled in the assembly
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
No amount has been repaid in the last five years, said the 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
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
CAG presents a disturbing picture of govt spending
The CAG also said there was an inordinate delay in the indigenous development of unmanned aerial vehicles by the DRDO
The slow physical progress of the projects led to an overall cost escalation by 2,341%
It also noted that AOs were allowing or disallowing amounts pertaining to bogus transactions arbitrarily
Cases involving Central Excise revenue of Rs 1,08,563 crore were pending in appeals at the end of 2016-17, says CAG
Also, the missile system development has not been upgraded
Report said the land available for phase-I was also not sufficient for construction works
Telemetry stations collect data at remote or inaccessible points