Comptroller And Auditor General Of India News
India likely to overshoot fertiliser subsidy bill by $4.2 billion for FY18-19
A rise in fertiliser prices overseas and a fall in the rupee currency also made imported fertilisers more expensive
2 min read14 Jan 2019CAG indicts Modi govt for masking fiscal, revenue deficits
CAG has recommended the government consider instituting a policy framework for off-budget financing, which should include a disclosure about its rationale and objective to parliament
2 min read16 Jan 2019CAG pulls up SAIL for huge coking coal imports
SAIL requires about 15 million tonnes coking coal annually, of which 12-13 million tonnes is imported, CAG noted in its latest report
1 min read19 Aug 2018CAG backs rail fare hike as operating ratio drops to lowest since FY2001
In its report on rail finances presented in Parliament, CAG said 2016-17 operating ratio of Indian Railways is the worst since 2000-01 when it was 98.34%
2 min read14 Mar 2018Govt recovered less than 9% service tax arrears in FY17: CAG
The government revenue department had an opening balance of Rs2,658.31 crore in arrears to be realized in 2016-17, but with an addition of Rs6,176.31 crore during the fiscal, the total went up to Rs8,834.62 crore
2 min read19 Dec 2017Rajiv Mehrishi tipped to be new CAG of India
Former Union home secretary Rajiv Mehrishi is likely to replace Shashi Kant Sharma as the new comptroller and auditor general (CAG) of India
1 min read31 Aug 2017CAG flags loopholes in food subsidy scheme
A CAG audit of Food Corporation of India (FCI) found 470,000 tonnes of wheat valued at Rs700 crore was wasted in Punjab in 2015-16
2 min read5 Aug 2017FSSAI performance comes under CAG scanner
The CAG audit of FSSAI comes in the backdrop of the food regulator’s controversial Maggi ban in 2015 under the helm of former chief Yudhvir Singh Malik
3 min read30 Mar 2017CAG to audit fallout of demonetisation
CAG Shashi Kant Sharma says the auditor is gearing up to audit tax revenues under the new GST regime and has started capacity building and reorienting its audit methodology and procedures
2 min read26 Mar 2017DND flyway to remain toll free for now, says Supreme Court
The court also declared the clause allowing Noida Toll Bridge to collect toll as inoperative and bad in law
1 min read28 Oct 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared