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.
Report says institute not eligible for Rs 48.90-cr tax exemption, mentions ‘exorbitant fees’, ‘violation of not-for-profit motive’. IIM justifies finances, says it's exempt under IT Act.
Representation signed by 65 legal professionals urges CAG to probe allegations since it involves 'misuse of public funds & assets by Telangana govt, overlooking procedure & propriety'.
The 2010-13 season of scandal-mongering still casts a shadow on Indian politics, and the victims are those at the lowest end of the decision-making chain.
Munir indicates that he’s willing to go for broke, even if it risks taking his country “and half the world” down with him. It’s important to understand where he is coming from.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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