Page 3 - Comptroller And Auditor General Cag

Not recap alone

Budget could be a good starting point for deeper banking reforms

With IBC, non-repayment of loan no more an option: CAG Murmu

The insolvency law has led to a significant behavioural shift among borrowers as non-repayment of loan is no more an option and ownership of a firm is no more a divine right, Comptroller & Auditor General of India G C Murmu said on Thursday. According to him, this behavioural shift has resulted in substantial recoveries for creditors outside the Insolvency and Bankruptcy Code (IBC) and improved the performance of firms. Delivering 'IBC: Adaptability is the key to Sustaining Reforms in the Times of a Pandemic' lecture on the occasion of the fourth annual day of the Insolvency & Bankruptcy Board of India (IBBI), Murmu said one of the most remarkable achievements of the Code was that it has led to a significant behavioural change among the debtors and creditors alike. "It is further motivating them to make the best efforts to avoid default. Further, it encourages the debtor to settle default with the creditors at the earliest, preferably outside the Code. With the Code in place, .

Fiscal transparency

Concerns raised by the CAG must be addressed

Temporary retention, not diversion: FinMin sources on CAG audit of GST cess

Time taken in reconciliation of compensation receipts can't be termed as diversion of GST cess fund when the dues to states were fully released by the central government, they said

CAG raises issue of viability of NPS schemes for govt employees

Without such evaluation, there is no guarantee of viability of these schemes, CAG said in its report on the NPS, presented to Parliament on Wednesday

CAG recommends automation of foreign trade promotion schemes adminsitration

Currently, duty benefits are provided under two key trade promotion schemes -- Merchandise Export from India Scheme (MEIS) for goods, and Services Export from India Scheme

Former J&K L-G G C Murmu appointed CAG, to replace Rajiv Mehrishi

Murmu will replace Rajiv Mehrishi. His appointment will come into effect on the day he assumes charge of the office, said a government notification

Manoj Sinha to replace G C Murmu as lieutenant governor of Jammu & Kashmir

President Kovind has accepted the resignation of Girish Chandra Murmu, the first L-G of the Union Territory of Jammu & Kashmir

Maximum government, minimum governance

Book review of The Gated Republic: India's Public Policy Failures and Private Solutions

Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers

In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms

Over 40% environment-related crimes in Rajasthan during 2014-16: CAG

The report pointed out that despite the fact, state-level interagency coordination committee and wildlife crime control units to combat wildlife crimes were not established in the state

AGR dues: Telcos approach DoT to rope in CAG to simultaneously audit books

The demand makes sense, given the huge gap between what the operators, based on their assessment of the dues, are paying as compared with the DoT's demand

Banks needn't fear the 'three Cs' of investigation: FM Sitharaman

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General

Delay in renewing defence land lease led to loss of Rs 27 cr: CAG

The delay in finalisation of policy for renewal by the ministry has led to a loss of interest on arrears of lease rent to the government

CAG report says discrepancies in Ujjwala scheme data; safety norms violated

The report stated that at least 859,000 connections were released to beneficiaries who were minor, according to SECC-2011 data

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

Open letter to CAG

Lack of capacity and double standards are worrisome