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COMPTROLLER GENERAL OF DEFENCE ACCOUNTS
Bharat Forge bags Rs 425 crore Ministry of Defence contract for Navy generatorsThe Ministry of Defence has awarded Bharat Forge Ltd a Rs 425 crore contract for 12 Marine Gas Turbine Generators for the Indian Navy. This...- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- Multibagger Paras Defence shares rocket 28% in just 3 sessions. What’s behind the stellar rise?Paras Defence shares surged 28% in three sessions, extending a strong rally driven by optimism around India’s expanding defence manufacturi...
- Designer subsidies must be the fashionThe Comptroller and Auditor General of India has issued a cautionary note regarding the surging state subsidies that are beginning to weigh...
- Bharat Forge defence arm partners with US-based AM General for artillery gunsKalyani Strategic Systems and AM General have formed a strategic partnership. They will develop mounted artillery gun systems for the globa...
- Defence stocks fire up! Paras Defence, BEL, GRSE, other stocks surge up to 24% in 2 days. What's powering the rally?Defence stocks extended their rally for a second straight session, with Paras Defence surging 24% in two days and BEL, GRSE, HAL, and other...
- Defence production up 15%; private sector share climbs to 24%India's defence production has hit a record high of ₹1.78 lakh crore. This growth is fueled by the private sector, with exports also reachi...
- India’s defence output more than doubles in five years, hits record Rs 1.78 lakh croreIndia's defence production has hit a record Rs 1.78 lakh crore in the financial year 2025-26. This marks a significant 15.6 percent jump fr...
- CAG asks states to disclose off-budget borrowings in A/CsIndia's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlig...
- States' expenditure rises 131% in 10 yrs on welfare, development: CAG ReportStates' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the la...
- UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...
- 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...
- As Europe rearms, 'wingman' aircraft take centre stageEurope and the United States are developing advanced AI-powered drones. These unmanned aircraft, known as wingman drones, will fly alongsid...
- 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...
- Vice Chief Lt Gen Dhiraj Seth named next Army ChiefLt Gen Dhiraj Seth will become the next Chief of Army Staff. He takes over from Gen Upendra Dwivedi on June 30. Lt Gen Seth is currently th...
- Keir Starmer tells NATO's Mark Rutte UK will publish defence plan before summitPrime Minister Keir Starmer informed NATO Secretary General Mark Rutte that the UK's defence investment plan will be published before the u...
- India appoints Lt Gen Dhiraj Seth as next Army ChiefLieutenant General Dhiraj Seth will become the next Chief of the Army Staff on June 30, 2026. He succeeds General Upendra Dwivedi. Lt Gen S...
- Rahul Gandhi to launch nationwide student conventions against "Exam Scandals" from Kota on June 17Rahul Gandhi will lead a series of student conventions across India, starting in Kota on June 17, to address alleged examination scandals a...
- CEA Nageswaran backs CAG audit of local bodiesChief economic adviser V Anantha Nageswaran calls for Comptroller and Auditor General of India audits for Panchayati Raj institutions. This...
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