Page 12 - Cag

States likely to step up borrowing in 4th quarter for social expenditures

Almost all states have raised much more debt than at the same time last year, except Maharashtra.

At 43%, farm loan waiver bags lion's share in Maharashtra subsidy: CAG

Expenditure over subsidy was Rs 20,984 crore in 2016-17, which increased by 62 per cent to Rs 33,894 crore, the CAG report said

Six CIL arms did not formulate policy mandated by MoEF, says CAG

Six of the seven coal producing subsidiaries of the world's largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday. "Coal India Ltd (CIL) amended its original Corporate Environment Policy (CEP) and formulated a comprehensive Environment Policy only in March, 2012, followed by a revised policy in December 2018. "However, six out seven coal producing subsidiaries of CIL did not formulate a policy as mandated by MoEF&CC (Ministry of Environment, Forest and Climate Change) which stipulated that a well laid down environment policy duly approved by the Board of Directors of the subsidiaries needs to be in place," the report by the Comptroller and Auditor General of India (CAG) said. Further, guidelines containing the responsibility and delegation at different levels in environment discipline were formulated by CIL, but the same were not dovetailed in their operating manual by the subsidiaries, ...

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

DTIDC lagging in upgrading ISBTs, CAG says failed to reduce pollution

The report was tabled on Tuesday during the winter session of Delhi Assembly by Deputy Chief Minister Manish Sisodia

Delhi govt maintained revenue surplus over last five years: CAG report

The audit report by CAG for the year ended March 2018, noted that tax revenue and non-tax revenue also registered an increase of 14.7% and 101% respectively over the previous year

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

CAG slams Odisha for non-submission of Rs 38k cr utilisation certificates

The CAG said that 28,529 UCs for an amount aggregating Rs 38,427.91 crore remained outstanding against 35 departments of the state as of March 2018.

Poor project management in building office by NHAI blocked Rs 44 crore: CAG

The government watchdog, in its 'Audit Report on Union Government (Commercial)-Compliance' has also said that NHAI made avoidable payment of Rs 11.79 crore on rent

Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG

He asked the CAG to develop technical tools to root out frauds in departments

Delink the deficits: Linking revenue and fiscal deficits will lead nowhere

Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The PMO also suggested that the NHAI monetise its road assets base through toll-operate-transfer (TOT) auctions

Letter to BS: Slowdown in tax collection is not because of evasion

Government-owned companies which manufacture a very large amount of goods and services do not evade

2 years after roll-out, GST glitches still exist, says CAG report

Report also points to slowdown in revenues in FY18

CAG flays tax authorities over error in assessment of income, taxes

CAG found irregularities in 340 high-value cases pertaining to corporation taxes with the tax effect of Rs 4,866 crore

CAG finds anomalies in tax assessment in sports and amusement sectors

The audit report, which covered the scrutiny assessments completed by the Income Tax Department from 2013-14 to 2016-17 period, was tabled in the Parliament on Monday

No PAN information available for 95% of real estate companies: CAG report

CAG said it could obtain the details of companies dealing in real estate sector from RoCs in 12 states only

CAG points out irregularities in process of sharing GST revenue

Says savings in expenditure by ministries and departments 'indicative of defective budgeting'

CAG raps govt for off-budget financing for capex, subsidy deferment

Says mechanism being used to defer fertiliser arrears, food subsidy bills and outstanding dues of FCI through borrowings, which stand outside the purview of Parliamentary oversight