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CAG REPORT ON SAIL
CAG pulls up SAIL for over-consumption of imported coalA CAG report revealed that SAIL incurred an extra ₹2,539.68 crore due to excessive imported coal consumption from 2016 to 2023. The report ...- CAG points to inventory handling lapses at SAILThe Comptroller and Auditor General (CAG) has revealed significant discrepancies in Steel Authority of India Limited's (SAIL) inventory man...
- CAG flags financial loss due to SAIL's poor inventory management from 2016-23The Comptroller and Auditor General (CAG) of India has identified significant discrepancies in SAIL's inventory management from 2016 to 202...
- Laxity found in ensuring safety by SAIL at Bhilai plant: CAG reportThe report was done to assess the compliance to stipulated Act/ Rules/ Regulations and Standard Operating Practices (SOP) and whether socia...
- 6 power, coal PSUs granted Rs 175-crore special pay to staffers: CAGNLC India paid its employees a total Rs 26.83 crore, which included two special golden jubilee increments from January 2006. In 2009, it di...
- CAG pulls up SAIL for huge coking coal import despite 3 captive minesState-run SAIL requires about 15 million tonne (MT) coking coal annually, of which 12-13 MT is imported, Comptroller and Auditor General (C...
- SAIL's expansion programme planning, execution not efficient: CAGSAIL failed to implement MEP within planned timelines and the capacity expansion at SSP only could be completed by September 2010, it added.
- CAG spots Rs 9,034-crore financial lapses by various PSUsCAG has pulled up public sector enterprises, including ONGC and the National Textiles Corporation, for non-compliance of procedures.
- SAIL's exposure in International Coal Venture increased disproportionately to 49 per cent: CAGIn a report tabled in Rajya Sabha, the CAG said ICVL did not acquire any foreign coal assets in the first 5 years of its operations.
- SAIL made Rs 320 cr irregular payment to employees: CAGCAG said SAIL introduced performance related pay (PRP) scheme for its executives, following the guidelines issued by the DPE.
- NMDC suffers Rs 1,500-crore revenue loss during 2007-10: CAGIn a report , the CAG says that NMDC suffered a revenue loss of Rs 745.94 cr in 2006-07 for not increasing prices in line with global trend...
- CAG pulls up steel PSUs RINL and SAIL for Rs 312-crore lossCAG has pulled up steel makers RINL and SAIL for deviating from set practice for product sales and making unsound business investment leadi...
- We would not be negative on the CAG report at the moment: Tarang Bhanushali, IIFLIn an interview with ET Now, Tarang Bhanushali, Metal Analyst, IIFL speaks about the effect of CAG report and floods in Australia on metal ...
- CAG report: Delhi govt adopts wait and watch policy to respond in CWG probeSources said the government is adopting a "wait and watch" policy in dealing with the situation as any strong reaction against the constitu...
- SAIL achieves substantial success on environment front: VermaSAIL today said it has achieved 'substantial' success on the environment protection front through concerted efforts during the last six yea...
- SAIL, RINL emit more CO2 than rivals while producing steelState-owned SAIL and RINL have emitted more carbon dioxide while producing steel than their global peers and domestic rival Tata Steel.
- Invest properly in assets: CAG to ONGC VideshIn a performance audit report on ONGC Videsh Ltd, the CAG stressed need to prepare guidelines on formation of joint ventures
- PSU directors' selections to be simpler, time-boundThe government is making the procedure of the appointment of independent directors in PSUs simpler and time-bound.
- IOC, BHEL, SAIL do not have required independent directors:CAGAs many as 17 listed PSUs, including blue chip entities like Indian Oil, BHEL and SAIL do not have the requisite number of independent dire...
- Government to decide on JPC: DMKDMK today left it to the Government to decide whether or not to constitute a Joint Parliamentary Committee to probe the 2G spectrum allocat...
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