20 Gujarat PSUs incurred losses of Rs 1,111.85 crore: CAG

Last Updated: Tuesday, March 31, 2015, 22:53

Twenty Gujarat state government-run public sector undertakings (PSUs) incurred losses of Rs 1,111.85 crore, according to a CAG report which was tabled in the Assembly on Tuesday.

Govt asks previous mines allottees to clear stock by April 8

Last Updated: Sunday, March 29, 2015, 11:14

Government has asked all the previous allottees of coal mines to remove by April 8 the dry fuel extracted till March 31, paving the way for smooth handover of the blocks to successful bidders.

CAG blames I-T Dept for Rs 1348 cr tax loss in pharma sector

Last Updated: Friday, March 20, 2015, 19:28

Coming down heavily on the I-T Department, CAG has said non-compliance of procedures for giving incentives to pharmaceutical firms, including Ranbaxy, Dr Reddy's and Piramal, resulted Rs 1,348.44 crore loss to the exchequer.

CAG was 'very kind' in assessing losses of coal blocks allocations: FM

Last Updated: Thursday, March 19, 2015, 21:53

CAG was "very kind" when it put losses incurred due to coal blocks allocation between 2006 and 2010 at Rs 1.86 lakh crore, Finance Minister Arun Jaitley said Thursday night while highlighting that auction being undertaken by the present government had reaped much more revenue.

Govt examining CAG report on irregularities in ONGC hiring rig

Last Updated: Monday, March 16, 2015, 15:22

The government is examining CAG allegations of irregularities in ONGC hiring a deep sea drilling rig from Reliance Industries and will take appropriate action, Oil Minister Dharmendra Pradhan said on Monday.

Coal, spectrum sale proceeds cross Rs 3-lakh crore; beats CAG figure

Last Updated: Monday, March 9, 2015, 22:48

The auction kitty from sale of coal mines and telecom spectrum Monday swelled to over Rs three lakh crore -- exceeding all estimates including by CAG for value of such resources, which have been at the centre of two major scams in the recent years.

Second tranche of coal auctions from Feb 25, Rs 84,000 crore mopped up till now

Last Updated: Friday, February 20, 2015, 15:07

The government has till now raised nearly Rs 84,000 crore.

CAG's stand vindicated on coal auction: Nirmala

Last Updated: Thursday, February 19, 2015, 21:45

The ongoing auctioning of coal blocks has vindicated CAG's criticism of the way the natural resources was allocated by the previous government, Commerce and Industry Minister Nirmala Sitharaman said Thursday.

Govt auditor needs to adopt latest professional practices: CAG

Last Updated: Tuesday, February 10, 2015, 21:34

The government auditor needs to adopt latest professional practices while scrutinising public spending, Comptroller and Auditor General (CAG) Shashi Kant Sharma has said.

Gas exploration from KG basin: Respond to CAG report, SC to RIL

Last Updated: Friday, January 16, 2015, 20:44

The CAG, in its report tabled in the Parliament, found irregular payment of USD 427.48 million to contractors, of which it sought disallowance of at least USD 77.36 million cost.

CAG pulls up CAs for incorrect income tax info

Last Updated: Friday, December 19, 2014, 16:01

Coming down heavily on Chartered Accountants, a CAG report on Friday said their failure to submit correct tax information resulted in levying of lower taxes by as much as Rs 2,813.11 crore in 367 cases surveyed.