SAIL's expansion prog planning, execution not efficient: CAG

Last Updated: Wednesday, August 12, 2015, 18:11

The modernisation and expansion programme of state-owned steel major SAIL has been marred by project delays and its implementation has been inefficient at all stages, including tendering and cost overruns, government auditor CAG said Wednesday.

Have centralised monitoring for audit objections: CAG to CBDT

Last Updated: Tuesday, August 11, 2015, 22:30

Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.

CIL unit's inefficiency makes it financially unviable: CAG

Last Updated: Thursday, July 30, 2015, 21:05

Coal India's Dankuni Coal Complex (DCC) have not functioned "efficiently" to become financially viable as the unit always operated much below installed capacity, government auditor CAG said today.

Undue benefits of Rs 156 crore provided to IT companies: CAG

Last Updated: Sunday, July 5, 2015, 20:01

Comptroller and Auditor General (CAG) has found that due to absence of guidelines, IT parks under Information Technology Department in Kerala, extended undue benefits amounting to Rs 156.90 crore to 11 major co-developers.

Nothing to fear from audit if decisions are transparent: CAG

Last Updated: Friday, June 12, 2015, 21:10

Bureaucrats need not fear CAG if their decisions are transparent, correct and judicious, the Comptroller and Auditor General (CAG) Shashi Kant Sharma said on Friday.

Govt sets up panel to suggest changes to Companies Act

Last Updated: Friday, June 5, 2015, 15:53

The Corporate Affairs Ministry has already made a raft of changes to the Companies Act, 2013 -- whose most provisions came into effect from April 1, 2014 -- amid concerns raised from various stakeholders.

Telecom Ministry seeks legal opinion on CAG's observations

Last Updated: Sunday, May 17, 2015, 13:52

The Telecom Ministry has sought legal opinion on a CAG report that stated undue benefits were extended to companies including Reliance Jio, Bharti Airtel, RCom and Tata Teleservices on a number of issues.

Will cooperate with commission appointed by Haryana government: DLF

Last Updated: Friday, May 15, 2015, 18:26

DLF says, when called upon, we will fully cooperate with the Hon'ble Commission.

CBDT paid Rs 42,903 cr interest on tax refunds: CAG

Last Updated: Tuesday, May 12, 2015, 16:39

The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.

Govt withdraws Coal Mines (Special Provision) Bill from Rajya Sabha, amid din

Last Updated: Monday, May 11, 2015, 18:13

The withdrawal of the Bill had become necessary after Parliament gave its assent to the Coal Mines (Special Provisions) Bill, 2015.

No major investment in fertiliser plants during 2010-14: CAG

Last Updated: Sunday, May 10, 2015, 14:55

The actual production was concerned, it fell by 14 percent during the period 2009-10 to 2013-14.

CAG raps DoT vigilance arm for inaction against violators

Last Updated: Sunday, May 10, 2015, 14:40

The CAG has pulled up the vigilance arm of the Department of Telecom (DoT) for not taking timely action on violation of rules by companies including Reliance Communications and Airtel.