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COMPTROLLER AND AUDITOR GENERAL CAG REPORT
ED probes auditors, vendors for colluding with CMRL MD in Kerala money laundering caseThe Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments t...- When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...
- Quote of the day by Gordon Granger for Juneteenth: 'The people of Texas are informed that in accordance with a Proclamation from the Executive of the United States, all slaves are...' - the Union Army officer's General Order No. 3 marked the end of slavery in TexasQuote of the day by Gordon Granger for Juneteenth: On June 19, 1865, Major General Gordon Granger arrived in Galveston, Texas, to announce ...
- 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...
- PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providersThe Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo ...
- Prime Focus shares hit 5% upper circuit as Sebi halts proceedings in misleading financials casePrime Focus shares were locked in 5% upper circuit after Sebi closed its investigation. The market regulator found the company used correct...
- 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...
- Sebi drops proceedings against Prime Focus in misleading financials caseSebi has closed adjudication proceedings against Prime Focus and its directors, ruling that the company correctly accounted for business tr...
- 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...
- From Rs 75 in cash to the Lok Sabha spotlight: The obscure party at the centre of the TMC rebellionAn unknown political party, the Nationalist Citizens Party of India, is now central to national politics. Twenty Trinamool Congress MPs ann...
- From Rs 75 in cash to the heart of a TMC revolt: The unlikely political journey of NCPIThe Nationalist Citizens Party of India, NCPI, a little-known outfit with just Rs 75 cash, is now in the national spotlight. Twenty disside...
- 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...
- 'Fake report has been spreading': FSUI General Secretary denies claims of Indian Sailors killed on Liaki Freedom VesselReports of Indian sailors killed on the MT Liaki Freedom vessel are false. The Forward Seamen's Union of India and the Ministry of External...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- 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...
- Kerala's liabilities top Rs 5 lakh crore; pending dues near Rs 49,000 croreKerala faces a severe fiscal challenge. Total outstanding liabilities have surpassed Rs 5.07 lakh crore. Unpaid dues and deferred payments ...
- CBDT tells tax officers to tighten scrutiny of unexplained income, assetsThe Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and as...
- 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...
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