Page 15 - Cag

CAG raps HUDCO for excessive mobilisation of over Rs 3,200 cr

It also pulled up HUDCO for non-judicious mobilisation of funds with higher proportion of bank loans

'UIDAI extended undue favour to Wipro'

CAG also found that UIDAI incurred a loss of Rs 1.41 crore by not routing its advertisements through DAVP

CAG signs 11 UN audit reports at New York headquarters

These reports will be presented to the General Assembly of the UN and other governing bodies

CAG blames Indian Railways for line crossing deaths

The auditor said that Railways couldn't achieve the target of elimination of level crossings as envisaged in the Vision 2020 documents

CAG seeks auditing of regulators like RBI

National auditor says a significant part of NPAs was due to fraud and may never be recovered

Large-scale irregularities in Delhi govt departments: CAG

The CAG flagged irregularities to the tune of about Rs 160 cr in various revenue sector departments in the financial year FY15

CAG highlights irregular expenditure in PWD

Report highlighted irregular expenditure of Rs 1.64 crore in violation of contract agreements of works executed by PWD during 2013-15

Review jewellery incentives to check round-tripping: CAG

CAG also asks dept of commerce to undertake an analysis of important schemes implemented to boost the sector from an economic, trading, and revenue perspective

UPSIDC fails to achieve target: CAG report

UPSIDC failed to lift 37.58% of contracted quantity of coal under fuel supply agreements executed during 2009-10 to 2014-15, the report added

Collection as ratio of arrears down

Collection as a ratio of arrears during 2014-15 has fallen drastically to 1.17 per cent compared to 10.46 per cent in the previous fiscal, public auditor CAG has said in a report tabled in Parliament. "Although, falling ratio of collection of arrears have been repeatedly pointed out by audit, there is no sign of improvement. There is a need to strengthen the recovery mechanism of the department," said the CAG Compliance Audit Report on 'Indirect Taxes - Service Tax'. The Service Tax collection was Rs 1,67,969 crore during 2014-15 and accounted for 30.75 per cent of indirect tax revenue. Indirect tax collection as a ratio of GDP has decreased in 2014-15 compared to the previous fiscal, while as a ratio of gross tax revenue, it has increased, the report said. Service Tax revenue as a percentage of GDP has been increasing every year during last four years, though it declined marginally during the fiscal ending March 2015. The report further said it is cause of concern the large ...

Customs revenue of Rs 20,808 cr not realised in FY15

The report observed that ratio of customs duty collected to GDP had reduced to 1.5%