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INCURRING AN EXTRA EXPENDITURE
Investors expecting 15-20% returns may be disappointed: Rajeev ThakkarInvestors should brace for lower nominal equity returns, as corporate profit growth moderates, according to PPFAS Mutual Fund's Rajeev Thak...- Railways uses 30% of capex budget in April-MayIndian Railways has impressively achieved nearly a third of its annual capital expenditure target in the first quarter, with over Rs 84,000...
- Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
- Indian Railways failed to improve on mobility outcomes despite spending Rs 2.5 lakh crores: CAGThe CAG report highlighted the failure of ‘Mission Raftaar’ which was introduced in 2016-17 with a targeted average speed of 50 kilometres ...
- Punjab CM writes to PM to seek incentive for farmers to delay wheat arrivalThe Chief Minister said the Centre should immediately announce a bonus of Rs 100 per quintal over and above MSP to the farmers for bringing...
- Government hikes annual maintenance cost of Air India's VVIP aircraftAir India engages the 'Special Extra Section Flights' (SESF) or VVIP aircraft such as the Boeing B747-400 for the President, the Vice Presi...
- What are Public Sector Enterprises?A large part of the Plan expenditure incurred by the Central Government is through public sector enterprises.
- DDCA Row: Nobody can deter me from fighting corruption, says Kirti AzadKirti Azad said that he expected to meet Prime Minister Narendra Modi soon. “I am sure the day he is free I would get the time to explain t...
- NHAI recommends tough action against officials in LTC scamThe National Highways Authority of India has recommended strong action against eight of its senior officials involved in the LTC scam, whic...
- CAG finds fault in railway accounting systemThe Comptroller and Auditor General has found several miscalculations of expenditure and other accounting mistakes while verifying the acco...
- Panel negotiating compensation for grounded 787s: KC VenugopalAir India has set-up a sub-panel to negotiate with Boeing the issue of compensation for losses suffered by the airline.
- Rising cost of education worries parentsMajority of parents spend on average more than Rs 18 lakh-20 lakh in raising a child by the time their teen graduates from high school.
- Seek additional tax deductions before you submit final investment declarationIf you have a family member suffering from specific illnesses such as Cancer, you can seek additional tax deductions.
- PSU losses of Rs 6,000 crore controllable, says CAGCriticising PSUs under West Bengal govt, CAG said that with better management, PSUs' losses of more than Rs 6,000 cr could have been 'contr...
- Parkash Singh Badal sought a liberal agricultural relief package for PunjabParkash Singh Badal on Saturday morning called on the Prime Minister Dr Manmohan Singh and sought a liberal agricultural relief package for...
- Anomalies in projects costs Delhi government Rs 11 crore extra: CAGAnomalies in working out project costs for a road improvement project resulted in an expenditure of Rs 11 cr by the Delhi govt.
- NCERT pulled up by CAG for extra expenditureCAG hauled up NCERT for incurring an extra expenditure of over Rs 1 cr due to non-disposal of obsolete books within the stipulated time.
- Finmin gives Rs 21,000 cr subsidy support to OilcosThe state run oil marketing cos are incurring under recovery of Rs 9.55/lt on diesel, Rs 20.57/lt on kerosene and Rs 356.07/cylinder on dom...
- I-T investigation into teams opens can of cricketsInitial findings reveal large unexplained expenses & investments routed through complex corporate structures located overseas.
- War woes: Rajasthan to spend more on defenceHeightened tension on the international border with Rajasthan has forced the state government to reschedule its expenditure and prioritise ...
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