New Delhi: The Comptroller and Auditor General (CAG) has pointed out financial irregularities of Rs1846.5 crore in public sector firms in its 2009-10 report, Heavy Industries and Public Enterprises minister Vilasrao Deshmukh said on Tuesday.
Replying to questions in Rajya Sabha, he said CAG in its audit observations has pointed out financial irregularities of Rs1404.32 crore in 2008 and Rs4547.63 crore in 2007.
Deshmukh said CAG has also pointed out reasons for deficiencies in the accounts of Public Sector Units (PSU’s).
He said in order to effectively monitor and expedite the follow up action on CAG report, each administrative ministry or department has also set up a monitoring cell.
On CAG observations, the minister said the concerned administrative ministry or department is required to submit Action Taken Notes (ATN’s) to CAG for their vetting.
“Submission of the ATNs by respective ministry/department is a continuous process,” he added.