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.
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.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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