Page 11 - Cag

Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG

He asked the CAG to develop technical tools to root out frauds in departments

Delink the deficits: Linking revenue and fiscal deficits will lead nowhere

Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The PMO also suggested that the NHAI monetise its road assets base through toll-operate-transfer (TOT) auctions

Letter to BS: Slowdown in tax collection is not because of evasion

Government-owned companies which manufacture a very large amount of goods and services do not evade

2 years after roll-out, GST glitches still exist, says CAG report

Report also points to slowdown in revenues in FY18

CAG flays tax authorities over error in assessment of income, taxes

CAG found irregularities in 340 high-value cases pertaining to corporation taxes with the tax effect of Rs 4,866 crore

CAG finds anomalies in tax assessment in sports and amusement sectors

The audit report, which covered the scrutiny assessments completed by the Income Tax Department from 2013-14 to 2016-17 period, was tabled in the Parliament on Monday

No PAN information available for 95% of real estate companies: CAG report

CAG said it could obtain the details of companies dealing in real estate sector from RoCs in 12 states only

CAG points out irregularities in process of sharing GST revenue

Says savings in expenditure by ministries and departments 'indicative of defective budgeting'

CAG raps govt for off-budget financing for capex, subsidy deferment

Says mechanism being used to defer fertiliser arrears, food subsidy bills and outstanding dues of FCI through borrowings, which stand outside the purview of Parliamentary oversight

CAG expresses concern over uncleared cargo containing hazardous material

There were 469 containers of hazardous waste lying undisposed from periods ranging from 1 to 17 years

Centre financed 60% of J&K govt expenditure in FY16: CAG

CAG also highlighted the state's increasing dependence on transfer of resources from the Centre

CAG flags glaring errors in railways accounts

Misclassification refers to an income or expenditure classified under the wrong head of account

CAG criticises Army for slack maintenance of weapons systems

CAG also took strong objection to inordinate delays by BRO in construction of 61 roads

CAG creating multiple databases to make audit more transparent

Sourcing of multiple data will help conduct an accurate audit, says CAG chief Shashikant Sharma

CAG pulls up DoT for front loaded subsidy to Tata Teleservices

DoT had issued instructions in January 2008 to TTSL to furnish a hard/soft copy of the customer application form

CBDT allowed Rs 4,500 cr of irregular benefits to infra companies: CAG

I-T has 'irregularly' allowed deductions to various companies engaged in infrastructure business, CAG said

Proposed sin cess against cess' spirit

CAG reports reveal that proceeds collected under various Union cess have not been appropriated for the specific purposes

CAG glare on Odisha for revenue loss worth Rs 11,665 crore in FY15

The national auditor has extrapolated the revenue loss figure through test check in 1,78,420 cases on tax segments