The Comptroller and Auditor General (CAG) has asked the Finance Ministry to consider having an online system for processing customs refunds along the lines of the GSTN system to make it more efficient. The official auditor has also flagged “inordinate delays” in the implementation of the module for daily updation of exchange rate and asked … Read more
The CAG has expressed concern that the Telangana government had utilised borrowed funds for repayment of public debt in the financial year 2021-22. File | Photo Credit: PTI The Comptroller and Auditor General of India (CAG) has expressed concern the State Government had utilised borrowed funds for repayment of public debt in the financial year … Read more
The Centre has asked states to complete fresh audits of all state public sector enterprises (SPSEs) and submit them electronically by the end of June, officials said. “Many SPSEs were not filling their annual accounts and the audit process was not very prompt. We have asked all the states to make the whole process electronic … Read more
Comptroller and Auditor General (CAG) of India, Girish Chandra Murmu. File. | Photo Credit: Kamal Narang Absolute dependence on the Artificial Intelligence (AI) for auditing purposes may lead to inaccurate findings, given the current lack of clarity about the challenges it can pose, according to Comptroller and Auditor General (CAG) of India, Girish Chandra Murmu. “I … Read more
A jawan walks with ponies carrying food supply for one of the forward posts near the Line of Control at Poonch in Jammu and Kashmir. File | Photo Credit: AP The Public Accounts Committee (PAC), in its 55th report on “Provisioning, procurement and issue of High Altitude Clothing, Equipment, Ration and Housing”, has said that … Read more
India’s statutory auditor, the Comptroller & Auditor General of India, is taking a deep dive to ascertain the impact of the old pension scheme on finances after some state governments decided to revert to that. The CAG has also started work on a comprehensive account of natural resources in the country that will aid policymakers … Read more
The Comptroller and Auditor General of India has reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has … Read more
The Comptroller and Audit General (CAG) has raised its concerns over treatment of expenditure of bank recapitalisation during 2017-18 and 2018-19, stating that it was against the provision of the fiscal responsibility and Budget Management (FRBM) Act. For recapitalisation of state-run banks, the government made an investment of Rs 80,000 crore in 2017-18 and of … Read more
New Delhi, Nov 16 (PTI) Prime Minister Narendra Modi on Tuesday said data is information and it will dictate history in the future as he exhorted for strong and scientific audits to make systems strong and transparent. Speaking at the Audit Diwas event of the Comptroller and Auditor General of India (CAG), he said in … Read more
Senior Congress leader Salman Khurshid on Friday said the apology of the former Comptroller and Auditor General (CAG) Vinod Rai in the 2G scam shows the layers of the “concerted and deep-rooted conspiracy” to malign, defame and bring down the UPA-Congress Government during UPA- II. Khurshid, who met the PCC members here, said due to … Read more