Page 6 - Cag

Tamil Nadu's gross state domestic product grew by 5.87% in FY21: CAG report

Tamil Nadu's gross state domestic product GSDP, one of the vital indicators of the state's economy, grew by 5.87 per cent during the period 2020-21 despite the contribution from industries and the services sector between 2016-17 and 2020-21 declining, a report of the Comptroller and Auditor General of India said on Thursday. The report which was tabled during the Assembly session said the GSDP grew by 5.87 per cent as compared to 2019-20 which stood at 10.25 per cent. However, the GSDP at 5.87 per cent was against the country's growth rate of a negative 2.97 per cent, the report said. The GSDP is the value of all the goods and services produced within a state and the growth of GSDP is an important indicator of the economy, as it denotes the extent of changes in the level of economic development of the state over a period of time. The economy activity of a state is divided into primary, secondary and tertiary sectors which correspond to agriculture, industry and service sectors, the

As freebies debate rages, a look at states' contingent liabilities

The net borrowing ceiling of states is mandated by the FRBM Act. However, the upper limit of what their contingent liabilities can be is set by states' own legislative bodies

CAG flags concern over absence of Utilisation Certificate of Himachal govt

The Comptroller and Auditor General of India (CAG) has flagged concerns over the absence of Utilisation Certificate (UC) for work worth Rs 2,800 crore by the Himachal Pradesh government

India at 75: Much of India's institutional arrangement is for show only

Even after 75 years, India remains politically feudal and colonial bureaucratically

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Auditor's report alleges fraudulent withdrawals, forgery, cheating in postal circles across India

Tata Comm's under-reporting of revenue led to loss of Rs 645-crore fee

According to the CAG report, the telecom department only levied Rs 305.25 crore as a LF on the firm

Four PSU insurers lacked appropriate checks and controls: CAG report

Report finds lapses such as multiple settlement of claims, excess payment over insured sum

Unity Small Finance Bank appoints Inderjit Camotra as MD and CEO

Unity Small Finance Bank is a new age, digital first bank which was recently elevated to a 'Scheduled Bank' and was included in the Second Schedule of the RBI Act.

NHAI violated contract sanctity, gave concessionaires undue perks: CAG

The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019

CAG finds 'irregularities' in Odisha forest dept's plantation activities

The Comptroller and Auditor General has found 'irregularities' in plantation activities carried out by Odisha's Forest Department which led to wasteful expenditure of public money

States to get matching amounts from Centre for SPSEs' privatisation

The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation

Delhi govt's debt increased by 7% in four years up FY20: CAG report

The Delhi government's debt increased by nearly seven per cent in the four-year period up to 2019-20 although it maintained a revenue surplus, according to a CAG audit report tabled in the Assembly

CAG seeks documents related to financial irregularities at Jim Corbett

The Comptroller and Auditor General of India has sought documents related to alleged financial irregularities in the Kalagarh and Lansdowne forest divisions of the Corbett Tiger Reserve

CAG vs govt: The growing tussle between the auditor and the audited

Over the past decade, rapid structural changes in the economy have radically altered what was once a low-profile department

CAG calls for making officials accountable as J&K failed to submit UCs

It said the non-submission of the UCs means that authorities have not explained as to how funds were spent over the years and is fraught with the risk of misappropriation

CAG report flags humongous duplication and privacy gaps in Aadhaar

The National auditor is particularly critical about plans to issue identity numbers to children below five years of age

'Railways failed to improve mobility outcomes despite investing Rs 2.5 trn'

Despite investing Rs 2.5 lakh crore on track infrastructure in the 2008-19 financial year, the railways has failed to improve on its mobility outcomes, CAG has said

CAG finds non-utilisation of funds in Odisha irrigation projects

The CAG found that the Odisha government was not able to use more than Rs 842 crore of central funds for the irrigation sector between 2014 and 2020

Huge gaps exist in Bihar's medical facilities, says CAG report

Bihar has 38 districts and nine of them, including Patna, do not have blood banks

Rs 11,276 crore loss due to less water injection by ONGC, says CAG

CAG said the shortfall in water injection is one of the significant reasons for less production of crude oil