Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG
By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]
CBI registers 2 more FIRs in Rs 25,000 Jammu and Kashmir land scam case
NEW DELHI: The Central Bureau of Investigation (CBI) has registered two more FIRs linked to the Rs 25,000-crore Roshni land scam against the Revenue Department officials and others in Jammu and Kashmir (J&K), taking the total number of cases to seven so far. The probe agency took over these cases in pursuance to the J&K […]
Andhra’s borrowings in first half of fiscal year far exceed revenues
NEW DELHI: The Andhra Pradesh government’s borrowings for the first half of the 2020-21 fiscal far exceeded revenues and the revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General (CAG). It said the state borrowed Rs 55,169.84 crore from different sources in the […]
Tree cover in Gujarat shrank between 2006 and 2017: CAG
GANDHINAGAR: Forest cover in Gujarat increased between 2006 and 2017 but the tree cover decreased, the Comptroller and Auditor General (CAG) has noted in a report. “Tree cover” comprises tree patches outside recorded forest area, exclusive of forest cover, the report, tabled in the state Assembly on Friday, explained. The tree cover in the state […]
Girish Chandra Murmu appointed as new CAG
NEW DELHI: The government of India on Thursday appointed Girish Chandra Murmu as the new Comptroller and Auditor General (CAG) of India, a day after he resigned as the Lt Governor of Jammu and Kashmir. Murmu will succeed Rajiv Mehrishi, a 1978-batch IAS officer of the Rajasthan cadre, who completes his term on August 7. […]
Extend loan automatically to all eligible borrowers without fear of CBI, CVC and CAG: Nirmala Sitharaman to banks
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday said banks have been asked to extend loans automatically to eligible borrowers without fear of 3Cs — CBI, CVC and CAG. She said clear instructions have been given in a meeting with CEOs and MDs of public sector banks and financial institutions on Friday that the […]
NDA’s Rafale deal 2.86 per cent cheaper than UPA’s 2007 offer CAG
NEW DELHI: The Rafale deal negotiated by the NDA government to procure 36 fighter jets was 2.86 per cent cheaper than the UPA’s 2007 offer, the Comptroller and Auditor General said in its report. With regard to India specific enhancements, the deal was 17.08 per cent cheaper, said the CAG report, which was tabled in […]
CAG Rajiv Mehrishi should recuse himself from auditing Rafale deal: Congress
NEW DELHI: The Congress on Sunday said Comptroller and Auditor General (CAG) Rajiv Mehrishi should recuse himself from auditing the purchase of 36 Rafale fighter jets from France because he was the finance secretary when the deal was being negotiated. It would be improper for Mehrishi to present the report in Parliament, the Opposition party […]
CAG GST audit report likely to be tabled in Winter Session
NEW DELHI: The Comptroller and Auditor General (CAG) of India is conducting performance audit of goods and services tax (GST) and is likely to finalise its report soon. The performance audit report on GST implementation could be tabled in Parliament as early as in the forthcoming Winter Session beginning 11 December, according to people aware […]