‘Unprecedented’ Inflation Squeezes Slim Jim Maker Conagra

Conagra Brands Inc. said unprecedented inflation in ingredients and trucking is pushing the company to raise prices again. But so far, shoppers aren’t deterred. The Chicago-based food manufacturer, which makes Healthy Choice frozen meals, Slim Jim meat sticks and Reddi-wip cream, has been increasing prices of its products over the past year as the food … Read more

CAG flags anomalies in accounts of units under IT, telecom ministries

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

CAG flags concerns over treatment of bank recap expenditure

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

Does it now not appear that then CAG Vinod Rai was the Agent Provocateur? asks Congress leader Salman Khurshid

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

Supreme audit institutions can become partners in evaluating resources, economy: CAG

Supreme audit institutions (SAIs) can become valued partners in objectively evaluating resources, economy, and effectiveness of public expenditure to provide insight for optimising public finance management, CAG GC Murmu said on Wednesday. Comptroller and Auditor General of India Murmu was addressing the 57th Governing Board Meeting of the Assembly of Asian Organization of Supreme Audit … Read more

Parliament Watch: CAG recommends end-to-end computerisation of SCN and adjudication process for GST regime

COMPUTERISED GST ADJUDICATION The Comptroller and Auditor General (CAG) has recommended end-to-end computerisation of the show cause notices (SCN) and adjudication process for GST regime and a definite time frame for rollout of simplified GST return forms. “The process of issuance of SCN may be computerised with inbuilt controls to ensure correct computation of demand, … Read more

India does away with offsets for government to government defence deals

NEW DELHI: India has done away with offsets for government to government defence deals, with a senior official saying that the policy has failed to bring critical technology into the country and has resulted in loading extra costs on contracts. The new Defence Acquisition Procedure (DAP), cleared by the defence ministry on Monday, has done … Read more

CAG suggested the govt to put in place a foolproof system to ensure registration under NPS

The Comptroller Auditor General (CAG) has suggested the government to put in place a foolproof system to ensure all nodal offices and eligible employees are registered under the National Pension System (NPS). “There was no assurance that all nodal offices and 100% of eligible employees were covered under NPS, even after 15 years of implementation,” … Read more

SC refuses plea to transfer PM CARES Fund to NDRF

New Delhi: The Supreme Court on Tuesday rejected a plea to transfer the PM CARES Funds to the National Disaster Relief Fund. The court also rejected a plea for a fresh national plan to control Covid-19. A bench led by Justice Ashok Bhushan though said the government would be free to transfer the funds to … Read more