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CAG

GST Council to discuss model laws, tax jurisdiction on Friday

GST Council to discuss model laws, tax jurisdiction on Friday

The issues of draft model laws for implementation of the new GST regime from April 2017 and its jurisdiction will be form the forefront of discussion in the GST Council meet at the two-day meeting starting Friday.

Centre to compensate states every quarter for GST revenue loss

States will receive provisional compensation from Centre for loss of revenue from implementation of GST every quarter but the final annual number would be decided after an audit carried out by CAG.

CAG critical of delay in construction of govt flats in J&K

The J&K Estate Department has drawn flak from the Comptroller and Auditor General (CAG) over delay in construction of flats for government employees in Jammu and Kashmir.

Black money disclosure scheme: CAG may audit Rs 65,250 crore, not individual declarations

Black money disclosure scheme: CAG may audit Rs 65,250 crore, not individual declarations

As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.

Fiscal deficit at 76.4% of Budget estimate in Apr-Aug

Fiscal deficit at 76.4% of Budget estimate in Apr-Aug

Fiscal deficit in the first five months of the current fiscal stood at Rs 4.08 lakh crore, which was 76.4 per cent of Budget estimates for 2016-17.

Punjab fails to avail Rs 719 cr of funds: CAG

Punjab could not avail funds amounting to Rs 719.50 crore due to delay in submission of utilisation certificates to the Centre, according to a latest CAG report.

Naik writes to President, PM on UP govt denial to CAG audit

Governor Ram Naik has written to President, PM Narendra Modi against denial of permission to CAG to audit Ghaziabad Development Authority.

'So what!' says ex-CAG Vinod Rai on civil servants using taxpayers' money to fund private trips

'So what!' says ex-CAG Vinod Rai on civil servants using taxpayers' money to fund private trips

Former Comptroller and Auditor General (CAG) Vinod Rai, under whose watch the auditing body had reported on the 2G spectrum and coal blocks allocation irregularities, has defended private trips by government officials at taxpayers' expense.

CAG red-flags $1.6 bn excess cost recovery by RIL

CAG red-flags $1.6 bn excess cost recovery by RIL

Government auditor CAG has red- flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.

India lacks legal framework for public debt management: CAG

India lacks legal framework for public debt management: CAG

India should institute a legal framework clearly specifying the objectives of government borrowing and the public debt management strategy, official auditor CAG recommended on Tuesday.

CAG picks holes in coal mines auction by NDA govt

CAG picks holes in coal mines auction by NDA govt

The CAG has picked holes in the e-auction of coal mines by the NDA government last year saying multiple bids by corporate groups through joint ventures or subsidiaries did not give an assurance that potential level of competition was achieved in the first two tranches.

MiG-29K planes face operation deficiencies: CAG

India's mainstream naval fighter jet plane MiG-29K faces operational deficiencies due to defects in engines, airframe and fly-by-wire system leading to very low availability, top government auditor has said even as it slammed the delay in construction of the indigenous aircraft carrier.

BCCI to meet today to discuss SC verdict on Lodha panel's report

BCCI to meet today to discuss SC verdict on Lodha panel's report

The BCCI had opposed the same while stating that the ICC may take it as the government`s interference and will likely disfranchise the board for violating its rules.

Department of Posts fails to pay tax, CBEC faults officials

Department of Posts fails to pay tax, CBEC faults officials

The Department of Posts could not pay its service tax because of "unwarranted refusal" by the officials concerned who did not exercise their discretionary power in letting it pay the levy through cheque.

 Govt will do every bit to recover dues from telcos: Telecom Minister

Govt will do every bit to recover dues from telcos: Telecom Minister

Hitting back at the Congress, the government on Friday said the alleged 'telecom scam' was the UPA regime's "sin" that the present dispensation has to clean and it will do "every bit to recover every single penny".

Supreme Court verdict out: Politicians allowed to take part in BCCI affairs

Supreme Court verdict out: Politicians allowed to take part in BCCI affairs

The court had appointed Subramanium as amicus curiae to assist the court in the hearing of the matter.

Coal auction to get Rs 3.45 lakh crore; Rs 36k crore saving via DBT: Government

Coal auction to get Rs 3.45 lakh crore; Rs 36k crore saving via DBT: Government

Publicising its work on the completion of two years in power, government said on Sunday that coal auction will bring Rs 3.45 lakh crore to the nation's kitty and Rs 36,500 crore would be saved on account of checking leakages through Direct Benefit Transfer (DBT) scheme for LPG subsidy.

Intermediate mechanism for NPA resolution on anvil: Vinod Rai

Intermediate mechanism for NPA resolution on anvil: Vinod Rai

Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of dues.

Himachal Pradesh govt gave benefit of Rs 209.28 crore to Jaypee Power: CAG

The Jaypee Power Company which executed the 1000 MW Karchham-Wangtoo hydropower project in Kinnaur district has come under scanner of CAG which has pulled up the Himachal government for allegedly giving benefit of Rs 209.28 crore to the company.

Gujarat govt failed to develop dinosaur fossils site: CAG

Geological Survey of India found the 6.5 crore-years-old fossils site at Raiyoli village in Kheda district in 1981-82.