Audit body found several other irregularities in govt’s accounts for FY22, including cess collections lying unused or misused, and expenditure being placed under opaque headings.
New Delhi: The Parliament received 12 reports, including a bunch of performance audits, from the Comptroller and Auditor General of India (CAG) during the...
Supriya Shrinate says 'Mangalyaan could have been sent at cost of constructing 2 km of Dwarka expressway', accuses Modi of 'remaining silent as scams unearthed under his nose'.
Govt had sanctioned Rs 180 crore for project in 1999. Improper engine selection had a cascading effect on design and development process of aircraft, says auditor.
In 122-pg report tabled in Rajya Sabha, Comptroller and Auditor General showed other gaps in disbursal & recommended 'specific measures for cleaning/weeding out ineligible beneficiaries'.
While there has been considerable progress in developing a robust industrial ecosystem for defence production in India, the limitations are obvious, writes Debabrata Chatterjee.
Main reasons for cost overrun include changes in design specifications & user requirement, rise in foreign exchange variation & procurement of additional spares, says audit watchdog.
CAG audited Mission Mode projects in DRDO and highlighted ‘changes in technology, import of items by users, and non-availability of required item’ as problems resulting from delays.
As seen with the fall of the Liz Truss govt in the UK, a well-functioning bond market can sometimes be more brutal and more effective in taming government profligacy.
Centre expected to raise Rs 65,000-cr through disinvestment & privatisation of state-run firms this financial year. Govt official says move aimed at ensuring resources aren't wasted.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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