Page 9 - Cag

CAG notification: Know about draft recruitment rules released on cag.gov.in

CAG has released a notification inviting comments on the proposed recruitment rules to the posts of auditor and accountant on its official website at cag.gov.in

CAG writes to Finmin, seeks performance audits of PSU bank recapitalisation

The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government's massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation ofPSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources said. The Government of India made capital infusion to the tune of Rs 90,000 crore in 2017-18. This rose to Rs 1.06 lakh crore in the following year. During the last financial year, the capital infusion through bonds was Rs 70,000 crore. For the current fiscal, the government has earmarked Rs 20,000 crore for the capital infusion into the PSBs. Of this, the government allocated Rs 5,500 crore to Punjab & Sind Bank in November 2020 for meeting the regulatory requirement prescribed under the Basel III .

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

SIT to probe 'irregularities' in Maharashtra's Jalyukt scheme: Deshmukh

The Maharashtra government has decided to hand over to the SIT the probe into the "irregularities" in the Jalyukt Shivar water conservation scheme as the CAG report has raised questions on its quality and results, Home Minister Anil Deshmukh said on Thursday. His statement comes a day after the state government announced a probe into the Jalyukt Shivar scheme launched by the earlier Devendra Fadnavis-led dispensation. "#CAG report has raised many questions on the quality, cost & results of the Jalyukt Shivar scheme launched by Ex-CM @Dev_Fadnavis Ji. Hence we have decided to hand it over to #SIT for the investigation of irregularities in this scheme & then take further actions accordingly," Deshmukh tweeted. The "Jalyukt Shivar Abhiyaan", a pet project of Fadnavis, was launched in 2014 with the objective of making Maharashtra drought-free by 2019. The project involved deepening and widening of streams, construction of cement and earthen stop dams, work on nullahs .

CAG pulls up Odisha govt over Rs 112 cr royalty shortfall on coal

It was observed that one lessee despatched 10.15 crore MT of sized coal of less than 100 mm size relating to 15 coal mines during April 2016 to February 2017

Centre used GST compensation cess elsewhere, broke law, says CAG

CAG said out of the Rs 62,612 crore GST Compensation Cess collected in 2017-18, Rs 56,146 crore was transferred to the non-lapsable fund.

CAG findings on IGST sharing may strain Centre-state relations further

As per rules, IGST must be shared equally between Centre and states and union govt is bound to part with another 42% of its share as per 15th Finance Commission recommendations

CAG raises issue of viability of NPS schemes for govt employees

Without such evaluation, there is no guarantee of viability of these schemes, CAG said in its report on the NPS, presented to Parliament on Wednesday

NTPC, Concor freight advance saved Railways dipping operating ratio: CAG

Without freight advance from NTPC and Concor the operating ratio would've been worse, notes CAG

CAG red flags on Delhi Police: Dysfunctional CCTVs, radio communication

The percentage of satisfactorily functioning CCTV cameras out of a total 3,870 installed in the national capital by the Delhi police is abysmally low, said the Comptroller and Auditor General (CAG)

Rlys resorted to 'window dressing' to better present operating ratio: CAG

The Comptroller and Auditor General of India on Wednesday hit out at the Railways

Extra financial burden on consumers due to PGCIL's inefficiency: CAG

In a scathing attack on inefficient operations of PGCIL, CAG has blamed higher electricity tariff on PSUs inability to recover Rs 6,853 cr from customers for relinquishing LTA to transmission network

PGCIL didn't recover Rs 6,853 cr relinquishment charges from customers: CAG

The CAG observed that total 26,836 MW of LTA were surrendered by the customers from September 2010 to March 2018

Questions abound as CBI seeks to chargesheet former CAG Shashi Kant Sharma

When Shashi Kant Sharma was appointed CAG in 2013, BJP had noted that he would be handling an audit into his own role in the AgustaWestland chopper deal - a classic case of conflict of interest

In UP, freebies to real estate players kept under wraps, finds CAG report

The transgressions happened before the Yogi Adityanath-led BJP state government came to power

CAG report on defence offset performance in next Par session: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the CAG report on defence offset performance will be tabled in the forthcoming session of Parliament. The report of the Comptroller and Auditor General of India (CAG) on offset performance was scheduled to be tabled in the last session of Parliament but could not be done as the session had to be curtailed following the outbreak of coronavirus pandemic. "The C&AG Report No 20 of 2019...Defence Offset Performance was scheduled to be tabled in Parliament during the budget session (2020). The session ended, before date, due to COVID. Now the report will be placed in the next session. The contents will be known only after that, Sitharaman said in a series of tweets. Observing that the first Rafale fighter jet was handed over to India in October 2019, the minister said, There is a year-wise phasing of how much offset obligation the companies/OEMs have to fulfill. MoD informs me that claims of such obligations being fulfilled are ...

Bait and switch: The maths of promises and delivery will have to add up

On the three major subjects on which the country would like to hear from the prime minister - defence expenditure, healthcare spend, and economic difficulties - there is only silence, writes T N Ninan

Best of BS Opinion: Mismanaged transitions, policy debates, and more

Business Standard opinion pieces for the day, among other things, talk about how the government should move forward in policymaking

Omission and commission

The CAG needs to be more transparent

Ex J&K governor Girish Chandra Murmu sworn in as India's new CAG

Girish Chandra Murmu has assumed office as the Comptroller and Auditor General of India from August 8, 2020, an official statement said on Saturday