Page 12 - Cag

CAG report on defence offset performance in next Par session: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the CAG report on defence offset performance will be tabled in the forthcoming session of Parliament. The report of the Comptroller and Auditor General of India (CAG) on offset performance was scheduled to be tabled in the last session of Parliament but could not be done as the session had to be curtailed following the outbreak of coronavirus pandemic. "The C&AG Report No 20 of 2019...Defence Offset Performance was scheduled to be tabled in Parliament during the budget session (2020). The session ended, before date, due to COVID. Now the report will be placed in the next session. The contents will be known only after that, Sitharaman said in a series of tweets. Observing that the first Rafale fighter jet was handed over to India in October 2019, the minister said, There is a year-wise phasing of how much offset obligation the companies/OEMs have to fulfill. MoD informs me that claims of such obligations being fulfilled are ...

Bait and switch: The maths of promises and delivery will have to add up

On the three major subjects on which the country would like to hear from the prime minister - defence expenditure, healthcare spend, and economic difficulties - there is only silence, writes T N Ninan

Best of BS Opinion: Mismanaged transitions, policy debates, and more

Business Standard opinion pieces for the day, among other things, talk about how the government should move forward in policymaking

Omission and commission

The CAG needs to be more transparent

Ex J&K governor Girish Chandra Murmu sworn in as India's new CAG

Girish Chandra Murmu has assumed office as the Comptroller and Auditor General of India from August 8, 2020, an official statement said on Saturday

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

Supreme Court to hear applications on BCCI matter after two weeks

The matter came up for hearing before a bench comprising Chief Justice S A Bobde and Justice L Nageswara Rao

Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

Why Modi's PM CARES is more democratic than PM National Relief Fund

With a constitutionally sound trust in place, expectations would be that PM CARES becomes a war chest India can readily rely on in emergencies when the future of an entire country is at stake

The AGR case is a triumph of bureaucratic obstinacy over good sense

While it raises the larger question of the Court's role on matters that have a major impact on the economy, much of the blame also lies with the govt for poor handling of the issue

Coal scam: SC asks CBI to file fresh report on probe against ex-CBI chief

A bench of Chief Justice S A Bobde and Deepak Gupta granted time to the agency after it sought time

Towards transparency

Disclosure of extra-budgetary borrowings is a prudent move

Reforming Railways

Passenger fare hike does not go far enough

Quantifying the social burden on railway finances

Put simply, the Railways spent Rs 98.44 for every Rs 100 it earned. This was the highest level in 10 years.

A blueprint for fiscal management & development

The Delhi government has focused its spends on essential services

Letter to BS: Bankers shouldn't fear cops if they are not corrupt

A frank discussion and the assurance by the PM earlier and the FM now will be of great value to the bureaucracy in the banking world

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