CAG's Audit Advisory Board Constituted
Posted Date : 22-Jul-2011 , 03:01:49 pm | Posted By CASANSAAR
A new Audit Advisory Board (AAB) has been constituted under Comptroller & Auditor General of India, Shri Vinod Rai, who is the ex-officio Chairman of the Board. The main function of the Board will be to advise the Comptroller and Auditor General of India in matters relating to audit and suggest ...
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RIL replies to CAG report on KG-D6 field
Posted Date : 12-Jul-2011 , 05:12:48 pm | Posted By CASANSAAR
Reliance Industries (RIL) as well as the Oil Ministry and sector regulator DGH today gave detailed point-by-point reply to observations top auditor CAG had made in its draft report on the nation's largest gas field, KG-D6.
Besides Reliance, Cairn India and UK's BG Group too replied to aud...
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CAG blames PMO for not acting against Kalmadi
Posted Date : 18-Apr-2011 , 08:21:59 pm | Posted By CASANSAAR
There could be more trouble in the offing for the Prime Minister’s Office on assorted corruption charges. The final report of the Comptroller and Auditor General into the Commonwealth Games has laid the blame for continuing with Suresh Kalmadi as the chief of the CWG Organising Committee on th...
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CAG report on CWG in Monsoon session: Vinod Rai
Posted Date : 09-Apr-2011 , 11:27:34 pm | Posted By CASANSAAR
The government auditor CAG today said it will soon finalise its report on the conduct of Commonwealth Games which will be tabled in the next session of Parliament.
"Yes...certainly," the Comptroller and Auditor General (CAG) said when asked if the CWG report would be tabled in the Monsoon Session...
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Bihar finance: CAG finds irregularities for 2009-10
Posted Date : 02-Apr-2011 , 08:36:24 am | Posted By CASANSAAR
Non-submission of detailed contingency (DC) bills worth Rs 11,854 crore, defalcation and loss to the tune of Rs 407.97 crore up to March 2010 are among the highlights of the CAG report on Bihar finances for 2009-10.
Talking to reporters, Principal Accountant General (Audit), Bihar, P Dinaraj said...
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CAG for tighter tax norms for film and TV industry
Posted Date : 26-Mar-2011 , 10:24:55 pm | Posted By CASANSAAR
Government auditor CAG today recommended tighter tax norms, including mandatory TDS, for the Indian cinema and television industry, which is estimated at over Rs 36,000 crore.
Concerned over tax evasion and the need to widen tax base, the Comptroller and A...
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CAG raps OVL for loss due to improper evaluation
Posted Date : 26-Mar-2011 , 10:20:34 pm | Posted By CASANSAAR
Improper evaluations by ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC) while investing in assets abroad has resulted in a losses of nearly Rs 2,300 crore, the government auditor CAG said today.
The Comptroller and Auditor ...
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CAG frowns over tax refund claim delays
Posted Date : 22-Mar-2011 , 12:16:30 pm | Posted By CASANSAAR
The Comptroller and Auditor General (CAG) has expressed serious concern over sharp rise in accumulation of direct tax refund cases saying pendency of refund claims results in outflow of revenue from the government by way of interest.
For instance...
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Over Rs 3 lakh cr of direct taxes locked up in litigation: CAG
Posted Date : 22-Mar-2011 , 12:14:37 pm | Posted By CASANSAAR
"The amount locked up in appeal cases with CIT (A) was Rs 2.2 lakh crore in 2009-10...", said the report of Comptroller and Auditor General (CAG).
It added that Rs 2.2 lakh crore locked up in appeals with CIT (A) is equivalent to 66.9 per cent o...
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India sitting over Rs. 1 lakh cr of unused external aid: CAG
Posted Date : 18-Mar-2011 , 10:44:02 am | Posted By CASANSAAR
India is sitting on unused foreign aid of over Rs. 1 lakh crore reflecting inadequate planning by ministries like urban development, water resources and energy, a report by government auditor Comptroller and Auditor-General of India (CAG) has said.
&l...
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