Login  |  Register  |  Forgot Password 
Below Login Ad

News Category : CAG

FinMin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval - CAG
Posted Date : 12-Feb-2019 , 08:15:05 pm | Posted By CASANSAAR

The Ministry of Finance spent Rs 1,157 crore on various heads during 2017-18 without obtaining prior approval of Parliament, the Comptroller and Auditor General (CAG) report tabled in Parliament on Tuesday said. Excess expenditure aggregating Rs 1,156.80 crore was incurred during 2017-18 without ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 106

CAG reports 65 of 74 Bihar state PSUs have arrears in accounts from 1977-78 onwards
Posted Date : 30-Jul-2018 , 08:47:18 am | Posted By CASANSAAR

Only 18 of 74 state PSUs in Bihar have finalised their accounts in the last three years and 65 of them have arrears in accounts from 1977-78 onwards, according to the CAG report of the year ended on March 31, 2017. The CAG report tabled in the state legislature has cautioned that delay in finalisati...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 516

CAG to audit the impact of demonetisation
Posted Date : 26-Mar-2017 , 06:21:43 pm | Posted By CASANSAAR

The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the affect it has had on government tax revenues, said CAG Shashi Kant Sharma.  In an interview to PTI, he said the auditor is gearing up to audit tax revenues under the new Goods and Services Tax (G...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 464

CAG wants provision in GST law to seek any info for Audit
Posted Date : 18-Jan-2017 , 08:58:46 am | Posted By CASANSAAR

As government prepares ground for roll-out of GST from July 1, CAG has demanded explicit provision in the law to empower the official auditor to call for any information for audit of Goods and Service Tax (GST) receipts and utilisation of their funds.  While the Comptroller and Auditor Gener...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 777

Archana Nigam appointed as Controller General of Accounts
Posted Date : 31-Dec-2016 , 08:34:28 am | Posted By CASANSAAR

Archana Nigam will take over as the next Controller General of Accounts in the Department of Expenditure under the Ministry of Finance on January 1, 2017. An Officer of the 1981 batch of the Indian Civil Accounts Service, Nigam has worked in various capacities in a number of ministries in the las...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 773

CAG may Audit IDS, not individual declarations
Posted Date : 04-Oct-2016 , 08:21:40 am | Posted By CASANSAAR

The Comptroller and Auditor General of India (CAG) may audit the just ended black money disclosure scheme for the process followed and how well it performed, but will not get into the disclosures made.  As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 525

Political party accounts must be subjected to CAG scrutiny - HC
Posted Date : 31-Mar-2015 , 08:14:58 am | Posted By CASANSAAR

Accounts of major political parties must be audited by the Comptroller and Auditor General (CAG) himself and with the same stringent parameters with which he audits government accounts to curb the use of black money during election campaigns, the high court was urged on Thursday. When the public ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 520

Over 94% of outstanding tax hard to recover: CAG Report
Posted Date : 21-Mar-2015 , 08:27:29 am | Posted By CASANSAAR

Over 94 per cent of the country's uncollected tax demand of Rs 5.75 lakh crore is difficult to recover, the Comptroller and Auditor General of India has said. The CAG, in an audit report on direct taxes tabled in Parliament on Friday, also hauled up the Income Tax Settlement Commission and the i...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 412

Rs 2 lakh crore so far from coal auction, Rs 1 lakh crore from spectrum
Posted Date : 10-Mar-2015 , 08:00:54 am | Posted By CASANSAAR

The government on Monday said it has raised Rs 2 lakh crore through auction of mining rights and royalty from 30 blocks that have been bid out so far, breaching the Comptroller & Auditor General's estimated "notional loss" of Rs 1.86 lakh crore.   Excluding the royalty, the government...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 406

CAG finds lapses in Rs 52000 cr farm debt waiver scheme
Posted Date : 05-Mar-2013 , 05:50:03 pm | Posted By CASANSAAR

The government will have to explain allegations of malpractices in one of its flagship schemes to waive the debts of farmers across the country, a promise which helped power the coalition's victory in 2009 .    The government's auditor or CAG has said that the 52,000-crore scheme was mar...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 497

Jawahar Thakur is new Controller General of Accounts
Posted Date : 02-Jul-2012 , 08:24:16 am | Posted By CASANSAAR

Mr Jawahar Thakur has taken over as the new Controller General of Accounts (CGA).   A 1979-batch Indian Civil Accounts Service officer, Mr Thakur has played a key role in the area of developing an effective financial management information system, his latest initiative being the complete comp...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 818

CAG says media reports on coal block auction are misleading
Posted Date : 23-Mar-2012 , 08:06:56 am | Posted By CASANSAAR

The CAG has told the Prime Minister that the media reports on alleged coal scam published in a newspaper is exceedingly misleading. Quoting CAG, the daily claimed that the government has lost 10.7 lakh crore rupees by not auctioning coal blocks.Rejecting the claim, the CAG in a letter to Dr Manmohan...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 539

Government lost Rs 10.7 lakh crore by not auctioning coal blocks: CAG
Posted Date : 22-Mar-2012 , 10:52:33 am | Posted By CASANSAAR

The CAG is at it again. About 16 months after it rocked the UPA government with its explosive report on allocation of 2G spectrum and licences, the Comptroller & Auditor General's draft report titled 'Performance Audit Of Coal Block Allocations' says the government has extended "undue benefi...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 725

CAG can play vital role in dealing with economic crisis:Rai
Posted Date : 29-Feb-2012 , 06:55:18 pm | Posted By CASANSAAR

Auditors can play an important role in helping countries deal with economic crises by suggesting mid-course corrections, Comptroller and Auditor General (CAG) of India Vinod Rai said Wednesday."These are momentous times in the histories of many nations. New paradigms are evolving in the political sy...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 269

CAG's role in social sector audit vital: Pranab
Posted Date : 17-Nov-2011 , 08:19:01 am | Posted By CASANSAAR

Finance Minister Pranab Mukherjee on Wednesday maintained that even as every decision of the government was not likely to be the most optimal, the possibility of institutional failures, oversight and ignorance could impact the decision-making process. In his address at a concluding function here ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 599

CAG to audit all rural ministry schemes
Posted Date : 05-Nov-2011 , 08:40:46 am | Posted By CASANSAAR

The Comptroller and Auditor General (CAG) will now scrutinise all the schemes of Rural Development Ministry and Ministry of Drinking Water and Sanitation, Union Minister Jairam Ramesh said on Friday. Announcing the decision, Mr. Ramesh said the two Ministries annually spend Rs 88,000 crore which ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 462

Shunglu panel suggests changes in CAG, CVC
Posted Date : 30-Oct-2011 , 08:58:16 pm | Posted By CASANSAAR

Amidst a debate on controversies surrounding some of the CAG reports, the High Level Committee which went into the Commonwealth Games related projects, has suggested changes in the functioning and structure of top audit and vigilance bodies like the Comptroller and Auditor General making it a thre...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 349

CAG advises Oil Ministry of caution on RIL's KG-D6
Posted Date : 13-Oct-2011 , 08:33:31 am | Posted By CASANSAAR

The CAG has advised Oil Ministry to allow Reliance Industries to recover expenditure on its eastern offshore KG-D6 field only after it has been audited. Stating that the Comptroller and Auditor General's (CAG) letter to the ministry was to "flag the critical issues so as to facilitate adequat...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 281

Jairam Ramesh asks CAG to audit Rs 100k-cr allocation to rural schemes
Posted Date : 11-Oct-2011 , 08:37:17 am | Posted By CASANSAAR

Jairam Ramesh on Monday broke off from his CAG-bashing ministerial colleagues and asked the agency to audit the over Rs 1,00,000-crore annual allocation by his department to rural development schemes. In a letter to the CAG, Jairam Ramesh has sought the appointment of special accountant gene...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 369

CAG’s latest ambition: Let us audit the Padma Awards now
Posted Date : 04-Oct-2011 , 07:55:46 am | Posted By CASANSAAR

The home ministry has declined a request from the Comptroller and Auditor General (CAG) for documents and other material to enable it to carry out an audit of the Padma Awards. The ministry’s decision has the backing of India’s highest law officer, and the file has been cleared by Home...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 505

CAG seeks powers to audit Sebi, Trai
Posted Date : 12-Sep-2011 , 07:47:06 am | Posted By CASANSAAR

Government auditor CAG is seeking to widen the scope of its powers to audit the performance of regulators such as Sebi, Trai and Irda as part of the new legislation that will replace the CAG Act, 1971. The proposed CAG Bill, now under consideration of the finance ministry, i...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 538

CWG scam: CAG report to be tabled in parliament
Posted Date : 05-Aug-2011 , 11:51:12 am | Posted By CASANSAAR

The Comptroller and Auditor General's (CAG) report on irregularities in the October 2010 Commonwealth Games will be tabled in parliament on Friday, according to the business listed for the two houses. The report, which has already caused much uproar after being leaked to the media, is expected ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 381

CAG to supervise audit of parties' accounts
Posted Date : 28-Jul-2011 , 07:18:15 am | Posted By CASANSAAR

India’s accounting watchdog the Comptroller and Auditor General has agreed to supervise the auditing of accounts of registered political parties and expenditure of candidates contesting in elections for legislative bodies. Each registered political party is required to submit annual financial ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 691

CAG says in process of finalising report on KG-D6 gas fields
Posted Date : 26-Jul-2011 , 02:01:06 pm | Posted By CASANSAAR

Government auditorCAG today said it is in the process of finalising its report on Reliance Industries'sKG-D6 gas fields. Refuting allegation by theReliance Industries that it was not given enough time to respond to the audit observations, Comptroller and Auditor General of India Vinod Rai said,...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 419

Farm debt waiver scheme: CAG seeks details from banks
Posted Date : 24-Jul-2011 , 09:38:09 pm | Posted By CASANSAAR

The government auditorCAG has sought details from all banks, including regional rural banks and cooperative banks, regarding the implementation of the Rs 71,000-crorefarm debt waiver scheme. The scheme provided relief to about four crore farmers. Information has been sought to examine how...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 389

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 ...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 513

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...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 587

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...

Continue Reading...

Category : CAG | Comments : 1 | Hits : 448

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...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 396

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...

Continue Reading...

Category : CAG | Comments : 0 | Hits : 673

News By Categories

More Categories

Search News

 
 
 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  GST Calculator

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.