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CAG AUDIT SIGNIFICANCE
Delhi govt orders CAG audit of power discoms over regulatory assets issueDelhi's power discoms are facing a CAG audit following a massive Rs 38,500 crore in accumulated Regulatory Assets. The Delhi government ord...- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- CAG flags shortcomings at Social Audit Unit of Assam; suggests corrective measuresAssam's Social Audit Unit is struggling with significant operational and governance issues. A CAG report reveals its registration expired f...
- Supreme Court pulls up Centre over food safety failures, seeks auditThe Supreme Court has directed the Centre and the Food Safety and Standards Authority of India to explain why a nationwide performance audi...
- Dish TV FY26 loss widens as subscription revenue shrinks amid OTT pressureDish TV India faced a significant financial setback in FY26, reporting a wider consolidated loss. Subscription revenue saw a sharp decline ...
- Delhi residents may have to pay more for electricity this year. Here’s whyElectricity bills in Delhi are set to rise as the Appellate Tribunal for Electricity (APTEL) has ordered the recovery of nearly Rs 38,552 c...
- India Post Payments Bank opened accounts without mobile verification: ReportA CAG report has highlighted significant issues at India Post Payments Bank. Accounts were opened without proper mobile number verification...
- Office of CAG signs MoU with CBDT to enhance operational effectivenessThe Comptroller and Auditor General of India (CAG) and the Central Board of Direct Taxes (CBDT) have signed a MoU to boost operational effe...
- CAG asks CBIC to complete verification of GST transitional credit claimsCAG recommended that the indirect tax department should complete the verification of transitional credit allowed under the GST mechanism.
- CAG to audit UN Secretariat in New YorkThe CAG is the external auditor of several UN organisations and Sharma presently is the Chairman of the UN Board of Auditors.
- Need Social Audit of schemes for local bodies: Comptroller and Auditor GeneralThere is a need for Social Audit of government schemes executed by local bodies as their accountability and transparency have not been comm...
- CAG asks government to ensure all accounts of PPP projects are auditedThere are risks in estimation of revenue streams of projects under PPP arrangement which may significantly impact the exchequer or users of...
- The imperative to restrict CAG’s ambitIt is a matter of some concern that SC has okayed an open-ended right of the Comptroller and Auditor General to audit the accounts of telec...
- CAG gets Delhi High Court nod to audit accounts of private telecom companiesIn 2010, in an interim order, the HC had directed private telcos to submit their account books to CAG to determine any underreporting of li...
- SC agrees to hear PIL challenging appointment of Shashi Kant Sharma as CAGThe Supreme Court today agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
- 'Gross inefficiencies' in Mahatma Gandhi National Rural Employment Generation Act rollout: CAGComptroller and Auditor General calls for 'decisive steps' to improve the implementation of Mahatma Gandhi National Rural Employment Genera...
- CAG seeks powers to evaluate performance of SEBI, TRAI , IRDACAG is seeking to widen the scope of its powers to audit the performance of regulators such as Sebi, Trai and Irda
- Have powers to go into 2G, profit-sharing in petroleum: CAGFacing questions over jurisdiction, CAG Vinod Rai has said the watchdog has got "unfettered" powers to conduct 'performance audit' which in...
- CAG steps in to put PPPs under scannerThe Comptroller and Auditor General of India (CAG), who has finalised a plan for auditing public private partnerships (PPPs), is likely to ...
- Auditing watchdog changes format of certifying Govt accountsFirst time since Independence, CAG has changed format of certifying Union Government's accounts, under which it would stop the practice of ...
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