Drug makers' tax benefit claim on freebies, gifts unlawful: CAG

Last Updated: Sunday, May 10, 2015, 14:36

Slamming the practice of pharma companies offering freebies and gifts to doctors, government auditor CAG said that drug makers have claimed tax benefits on such expenses despite these being prohibited by law.

Reliance Jio got $530 million undue benefit: CAG

Last Updated: Saturday, May 9, 2015, 14:38

Reliance Industries Ltd`s telecoms unit got an undue benefit of about USD 530 million after the government allowed it to offer voice services over wireless broadband spectrum it had won in 2010, the Comptroller and Auditor General of India (CAG) said on Friday.

CAG flags financial gap of Rs 31,000 cr in telecom sector

Last Updated: Friday, May 8, 2015, 22:46

Raising concerns over various policy issues in telecom sector, the CAG on Friday flagged financial gaps to the tune of over Rs 31,000 crore including towards non-imposition of fines and the undue gains to private operators including Reliance Jio, Airtel, RCOM and Tata Tele.

Undue gain of Rs 3,367 cr to RJio, Rs 499 cr to Airtel: CAG

Last Updated: Friday, May 8, 2015, 19:56

The CAG on Friday rapped the Telecom Ministry for giving Mukesh Ambani-led Reliance Jio Infocomm undue benefit of over Rs 3,367 crore by allowing it to provide voice calling on broadband spectrum, a charge the company vehemently denied.

'DoT failed to fine firms for violating tower radiation rules'

Last Updated: Friday, May 8, 2015, 19:43

The Comptroller and Auditor General has pulled up DoT's vigilance arm of for failing to impose penalty to the tune of Rs 4,300 crore on telecom operators for violating mobile tower radiation rules.

Airtel got undue gain of Rs 499 cr from Chennai-TN merger: CAG

Last Updated: Friday, May 8, 2015, 18:56

The CAG on Friday said the Department of Telecom (DoT) allowing Bharti Airtel to merge Chennai telecom circle with Tamil Nadu in a haste manner in 2005 resulted in undue gains of Rs 499 crore to the company.

Railways unable to meet operation cost of passenger services: CAG

Last Updated: Friday, May 8, 2015, 17:54

The loss incurred on operational cost of passenger services increased to Rs 26,025.46 cr

CAG slams Fertiliser Dept for Rs 5,555 cr extra subsidy burden

Last Updated: Friday, May 8, 2015, 17:19

Government auditor CAG on Friday flayed Department of Fertiliser (DoF) for delaying contract finalisation and said this resulted in an "unavoidable" subsidy burden of Rs 5,555 crore.

CAG raps OilMin for letting RIL charge marketing margin in dollars

Last Updated: Tuesday, May 5, 2015, 17:40

Government auditor CAG Tuesday criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6 gas in US dollars terms and not in rupees saying it will result in over Rs 201 crore excess subsidy payout on urea.

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Last Updated: Tuesday, May 5, 2015, 14:54

Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said on Tuesday.

CAG flays IRDEA for loan to Purti; says Gadkari gave guarantee

Last Updated: Friday, May 1, 2015, 19:09

Government auditor CAG has flayed state-run IREDA for "violation of financial guidelines" in connection with Rs 48.65-crore loan to Nagpur-based Purti Sakhar Karkhana for which company's promoters and directors including Nitin Gadkari had given "personal guarantee".

Gujarat registered negative growth in agriculture in 2012-13: CAG

Last Updated: Wednesday, April 1, 2015, 15:45

In its audit report of agriculture sector tabled in the Assembly yesterday, the CAG stated that though Gujarat did better than the national average growth rate in agriculture, it had registered negative growth during 2012-13.