controller general of accounts

From upcoming financial year onwards, all schemes’ funds must flow via single nodal agency: FM Sitharaman

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From upcoming financial year onwards, all schemes’ funds must flow via single nodal agency: FM Sitharaman

New Delhi: Finance minister Nirmala Sitharaman Saturday directed the Department of Expenditure to ensure that funding for all schemes and projects are routed through a single nodal agency from the next fiscal year and asked it to work with the Controller General of Accounts (CGA) for a smooth transition. Sitharaman suggested that the CGA examine … Read more

Govt’s excise collection jumps 48% in April-July; already 3x of full fiscal oil bond liability

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Govt’s excise collection jumps 48% in April-July; already 3x of full fiscal oil bond liability

The government’s collections from levy of excise duty on petroleum products have jumped 48 per cent in the first four months of the current fiscal year, with the incremental mop-up being 3-times of the repayment liability of legacy oil bonds in the full fiscal, official data showed. Data available from the Controller General of Accounts … Read more