Page 11 - Cag

Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey

DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis

Goals of audit, executive are common: CAG Girish Chandra Murmu

Comptroller and Auditor General of India (CAG) G C Murmu on Wednesday said the audit and the executive are on the same side of table and their goals are common

CAG points out flaws in Gujarat govt's financial management

The CAG suggested that the state formulate "realistic budgets based on reliable assumptions of the needs"

CAG Murmu becomes external auditor of International Atomic Energy Agency

India's Comptroller and Auditor General G C Murmu was on Friday selected as the external auditor of the International Atomic Energy Agency

My report to President on govt accounting reform not made public yet: ex-CAG Mehrishi

Rajiv Mehrishi says as India's Comptroller and Auditor General he had submitted a report to the President under Constitution's Artcile 150 'advising on form and nature' of accounts' in March-April 200

CAG urges for greater use of new age tech for optimal use of resources

CAG Girish Chandra Murmu stressed on greater use of new age technologies such as data analytics, artificial intelligence and machine learning to enable auditors make optimum use of resources.

Swift deployment of IT solutions key for governments, institutions: CAG

CAG Girish Chandra Murmu on Wednesday said the success of every government and institution in the coming days will be measured by its ability to swiftly deploy IT solutions.

Assam did not address irregularity queries of Rs 215,286 cr in 25 yrs: CAG

The CAG said that the alleged irregularities were pointed out in 2,734 inspection reports (IRs) issued between 1994-95 and 2018-19 covering 55 departments of the state government.

Tamil Nadu power sector companies incurred Rs 13,000 Cr loss: CAG

Increased power purchase, coal handling, financing and employee costs were reasons

CAG pulls up Kerala govt over arrears in revenue, calls for intervention

The cash strapped Kerala government has revenue arrears to the tune of Rs 20,146.39 crore of which Rs 5,765.84 crore is outstanding for more than 5 years

The epic fraud that was 'India Against Corruption'

The outspoken "independent" heroes of a decade ago -people like Vinod Rai, the auditor who couldn't count, remember him? - have quietly vanished into sinecures provided by the next government

Jammu and Kashmir's total expenditure increased from 2014 to 2019: CAG

Jammu and Kashmir's total expenditure, which includes revenue expenditure, capital outlay and disbursement of loans and advances

Fix responsibility for non-establishment of model schools in J-K: CAG

Taking a serious note of non-establishment of model schools in J&K in the past 10 years despite availability of Rs 44.13 crore, the CAG has asked the state government to refund the unspent funds

LAHDC of Leh and Kargil failed to submit accounts for audit, says CAG

The Ladakh Autonomous Hill Development Councils (LAHDCs) for Leh and Kargil districts have failed to submit accounts for audit since their inception, the Comptroller and Auditor General of India said, terming it a serious financial irregularity. The audit reports of eight other autonomous bodies in Jammu and Kashmir, including both wings of Sher-e-Kashmir University of Agriculture Science and Technology (Kashmir and Jammu) (SKUAST), J&K state housing board and state legal service authority are also pending for many years, the CAG said. The CAG, in its report on social, general and economic (non-PSUs) in the erstwhile state of Jammu and Kashmir for the year ending 31 March, 2019, submitted in the parliament recently, said 10 autonomous bodies, including LAHDC, Leh and LAHDC Kargil required to be audited had not furnished the annual accounts. Jammu and Kashmir was bifurcated into two Union territories of J&K and Ladakh in August 2019. The LAHDC, Leh has failed to submit accounts

GST technical glitches behind input tax credit frauds: CAG report

CAG recommended fixing a definite time frame for rolling out simplified GST return forms

CAG Girish Murmu appointed Chairman of UN Panel of External Auditors again

Comptroller and Auditor General of India Girish Chandra Murmu has been re-appointed as the Chairman of the Panel of External Auditors of the United Nations for the year 2021

CAG notification: Know about draft recruitment rules released on cag.gov.in

CAG has released a notification inviting comments on the proposed recruitment rules to the posts of auditor and accountant on its official website at cag.gov.in

CAG writes to Finmin, seeks performance audits of PSU bank recapitalisation

The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government's massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation ofPSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources said. The Government of India made capital infusion to the tune of Rs 90,000 crore in 2017-18. This rose to Rs 1.06 lakh crore in the following year. During the last financial year, the capital infusion through bonds was Rs 70,000 crore. For the current fiscal, the government has earmarked Rs 20,000 crore for the capital infusion into the PSBs. Of this, the government allocated Rs 5,500 crore to Punjab & Sind Bank in November 2020 for meeting the regulatory requirement prescribed under the Basel III .

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

SIT to probe 'irregularities' in Maharashtra's Jalyukt scheme: Deshmukh

The Maharashtra government has decided to hand over to the SIT the probe into the "irregularities" in the Jalyukt Shivar water conservation scheme as the CAG report has raised questions on its quality and results, Home Minister Anil Deshmukh said on Thursday. His statement comes a day after the state government announced a probe into the Jalyukt Shivar scheme launched by the earlier Devendra Fadnavis-led dispensation. "#CAG report has raised many questions on the quality, cost & results of the Jalyukt Shivar scheme launched by Ex-CM @Dev_Fadnavis Ji. Hence we have decided to hand it over to #SIT for the investigation of irregularities in this scheme & then take further actions accordingly," Deshmukh tweeted. The "Jalyukt Shivar Abhiyaan", a pet project of Fadnavis, was launched in 2014 with the objective of making Maharashtra drought-free by 2019. The project involved deepening and widening of streams, construction of cement and earthen stop dams, work on nullahs .