-The Hindu Business Line Complain to CAG of undervaluation, bid rigging and cartelisation The sale of the public sector Central Electronics Ltd to Nandal Finance and Leasing Pvt Ltd is under the radar of the Comptroller and Auditor General following a complaint of bid rigging by the joint platform of trade unions, including the BMS. Though the CAG’s office is tight lipped about any action on the complaint, BusinessLine has learnt that it...
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India’s old dams: Gandhi Sagar in MP needs immediate repair, says CAG report -Shuchita Jha
-Down to Earth A breach in the dam could affect millions of lives and damage property Gandhi Sagar Dam on Chambal River in Madhya Pradesh is in need of immediate repair, warned a new report. It is one of the five water reservoirs of national importance. Absence of regular checks, non-functional instruments and choked drains are the major problems plaguing the dam for years, the report by the Comptroller and Auditor General of...
More »New CAG report exposes wide gap between India's groundwater management regulations & implementation -Divyansh Upadhyay
-Down to Earth 77% packaged drinking water units in 18 states operating without no-objection certificates The Comptroller and Auditor General of India (CAG) conducted the performance audit of groundwater management and regulation to analyse the extent of groundwater scarcity in the country. The audit report was presented in the Parliament December 21, 2021. The audit was conducted on the basis of five years of data (2013-2018) on groundwater management and regulation in India. The...
More »Assam's growth rate declines, fiscal deficit, debts rose in 2019-20: CAG
-PTI/ Business Standard Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a CAG report said Guwahati: Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a Comptroller and Auditor (CAG) report on state finance for the period...
More »Corporate tax assessment: CAG spots major errors in over 350 cases
-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...
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