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
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
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
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
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
Rahul Gandhi’s “improbity” swipe at the PM CARES fund on Monday drew a strong counter-attack from BJP president J P Nadda who mocked the Congress leader as “prince of incompetence” and accused him of “spreading fake news”. Nadda did not name Gandhi but the Congress leader was apparently his target. Gandhi had tweeted “PM CARES … Read more
New Delhi: Former lieutenant governor of Jammu and Kashmir G C Murmu will be the next Comptroller & Auditor General of India. Murmu, a 1985 Indian Administrative Service Officer of Gujarat cadre will succeed Rajiv Mehrishi who completes his term on August 8. Murmu was appointed as the first LG of J and K after … Read more