Audit Reports

90 per cent grants and 10 per cent State share against 70 per cent grants and 30 per cent State share to General Category States in all the Centrally Sponsored Schemes (CSS) . The State stands 18 th in terms of population density in the country. As indicated in Appendix-1.1 (Part-D) the......

3.1 Delay in submission of Utilisation Certificates Rule 238 (1) of General Financial Rules (GFRs), 201 7 provides that Utilisation Certificates (UCs) should be submitted by the grant ee Institutions or Organisations in respect of grants received for specific purposes, u nless specified......

Audit of Appropriations by the Comptroller and Audi tor General of India (C&AG) seeks to ascertain whether expenditure actually inc urred under various grants was within the authorisation given under the Appropriat ion Act and that the expenditure required to be charged under the provision of......

submitted to the Government by the CAG for placing before the State Legislature under the provisions o f Section 19-A of the Comptroller and Auditor General’s (Duties, Powers a nd Conditions of Service) Act, 1971. The instances mentioned in this Report are those wh ich came to notice in the......

The Company's Bo ard of Directors have decided (29 March 2019) to wind up the Company. Audit Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) 8 power distribution utilities were burdened by accum ulated losses of ` 29,063.67 crore at the end of the financial year 31 March 201......

(Paragraph 2.10.5) Audit Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) 30 There was late filing of Aggregated Revenue Require ments (ARRs) by the Company leading to delay in finalisation of transmi ssion charges by HERC for 2014-15 to 2017-18. As a result the Company could......

2 of 2020 on PSUs (Social, General and Economic Sectors) 112 The operations of the Company are managed through six Transmission System (TS) circles, responsible for operation and maintenance of Transmission System, i.e. , sub-stations and transmission lines; one State Load Dispatch Centre......

1 Introduction Functioning of State Public Sector Undertakings General 1. State Public Sector Undertakings (PSUs) consist of State Government Companies and Statutory Corporations. State PSUs ar e established to......

2 Merit order prepared by DISCOMs for purchase of pow er on basis of cost. Audit Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) 68 The Company decided (9 September 2016) to sign side agreement with BCCL for reduced quantity of 22.65 lakh Tonne after obta ining approval......

3 M/s Mode Advertising & Marketing Private Limited, New Delhi. Audit Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) 100 period of one year which was later (March 2018) ext ended till 31 March 2019. However, the contract was terminated on 11 October 2018 citing financial......

(Paragraph 2.7.2.1) Audit Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) viii The Company did not achieve the norms of Transmissi on System Availability (TSA) fixed by the HERC during 2015-18. Due to this , full transmission cost could not be recovered, besides revenues......

AAD Advance Against Depreciation ACD Advance Consumption Deposit ACQ Annual Contracted Quantity AEL Adani Enterprises Limited AGM Annual General Meeting APFC Automatic Power Factor Capacitor ARR Aggregated Revenue Requirement AT&C Aggregate Technical and Commercial ATNs Action Taken......

2 of 2020 on PSUs (Social, General and Economic Sectors) ii Loss due to non-revision of Security Deposit of consumers 3.5 73-75 Uttar Haryana Bijli Vitran Nigam Limited Infructuous expenditure on unmanned sub-stations 3. 6 75-76 Inadequacy of Automatic Power Factor Capacitors 3.7 76-77 Part......

no. A-1 and A-4). Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) Year PSPCL PSTCL Total Equity Interest Free Loan (IFL) IFL converted into equity Equity Interest Free Loan (IFL) IFL converted into equity Equity Interest Free Loan (IFL) IFL converted into equity 2010-11......

2 GPL and PTGL 3 PSPCL and PSTCL Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) Table 1.2: Details of Power Generation by PSPCL Year Installed Capacity of PSPCL (in MW) Peak demand (in MW) Availability of Power (in MW) Percentage of excess power tied up above peak demand......

namely Punjab Backward Classes Land De velopment and Finance Corporation, audit of which was not under t he purview of the Comptroller and Auditor General of India (CAG). The Government of Punjab (GoP) provides financial s upport to the State PSUs in the shape of equity, loans and......

(Paragraph 4.1.15.2) Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) The Punjab Small Industries and Export Corporation Limited (Company), was set up in 1962 under the Department of Industries and Commerce (DIC) with the objective to aid, promote and protect the......

Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) Particulars Part-A Part-B SCADA Number of towns 47 46 3 Sanctioned cost (` in crore) 272.85 1632.70 52.36 Date of sanctioning of projects June 2009 March 201 0 (15) June 2011 (27) September 2013 (4) October 2011......

Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) 2 12,507.51 MT rice x ` 28,673.90 = ` 35.86 crore as reduced by ` 0.17 crore being the value of demand drafts kept as security and enc ashed. 3 Entitlement: 12,000 MT (basic as per capacity) + 4 ,800 MT (40 per cent for border......

Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Social, General and Economic Sectors) for the year ended 31 March 2019 Government of Punjab Report......

submitted to the Government by the CAG for placing before the State Legislature under the provisions o f Section 19-A of the Comptroller and Auditor General?s (Duties, Powers a nd Conditions of Service) Act, 1971. In respect of two statutory corporations viz. PEPSU Road Transport Corporation and......

(Paragraphs 3.8.1, 3.16 and 3.17) Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) Chapter II discusses Compliance audit observations having a financial implication of ` 529.64 crore, and highlight deficiencies in the ma nagement of State Government Companies of power sector,......

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[Paragraph 1.6.2] The share of development expenditure in aggregate e xpenditure (50.24 per cent ) was below the General Category States (GCS) avera ge (67.04 per cent ). Further, there was decline in this share from 5 2.04 per cent in 2014-15 to 50.24 per cent in 2018-19. Proportion of......

81 APPENDICES Appendix 1.1 (Referred to in paragraph 1.1, page 1) Profile of Punjab A. General Data Sr. No. Particulars Figures 1. Area 50,362 sq. km. 2. Population as per 2011 Census 2.77 crore 3. Density of Population (as per 2011......

Source: Based on the procedure prescribed in Budget Manual and Appropriation Accounts Audit of appropriation accounts by the Comptroller and Auditor General of India seeks to ascertain whether the expenditure ac tually incurred under various grants is within the authorisation given un der the......

to Accounting Standards As per Article 150 of the Constitution of India, th e President of India may, on the advice of the Comptroller and Auditor General o f India, prescribe the form of accounts of the Union and of the States. In acco rdance with this provision, the President of India has so......

Audit Report for the year 2017-18, Government of Tripura 89 CHAPTER III: REVENUE SECTOR 3.1 GENERAL 3.1.1 Trend of revenue receipts The Tax and Non-tax Revenue raised by Government of Tripura during the year 2017-18, the net proceeds of......

and Training Society for Entrepreneu rship Development 6.77 Total 64.71 Source : ‘Central Plan Scheme Monitoring System’ portal in Controller General of Accounts’ website 1.2 Planning and conduct of Audit Audit process starts with the assessment of risks f aced by various departments of......

The said Statutory Auditors are appointed by the Comptroller and Auditor General of India (C&AG) as per the provisions of Section 139 (5) or (7) of the Act. T hese financial statements are subject to Supplementary Audit conducted by the C&AG under the provisions of Section 143 (6) of the Act.......

Reports 5.1.1 Explanatory notes not submitted Serious irregularities noticed in audit are include d in the Report of the Comptroller and Auditor General of India (C&AG) and presented t o the State Legislature. As per the instructions issued by the Finance Department, Government of Tripura in......

Chapters I to IV deal with Economic, State Public Sector Undertakings, Revenue and General Sectors. Chapter V deals with Follow-up of Audit Observations. This Report contains four Performance Audit Reports , one Thematic Audit Report, one Long Paragraph, one Follow-up of previous Perfo......

84 INDUSTRIES AND COMMERCE DEPARTMENT (Tripura Jute Mills Limited) Loss due to production of defective jute bags 2.6 86 CHAPTER III: REVENUE SECTOR General 3.1 89 Trend of Revenue Receipts 3.1.1 89 Tax Revenue 3.1.1(a) 90 Non-tax Revenue 3.1.1(b) 90 Analysis of arrears of revenue 3.1.2 91......

contains significant results of the per formance and compliance audit of the departments of the Government of Tripu ra under Economic, Revenue and General Sectors including the departmen ts of Agriculture, Public Works (Roads & Buildings), Industries & Commerce, F orest, Finance (Excise &......

Markets were generally operated two days in a week. Rest of the other five days it remained non-functional. One of the retail market sheds was found partially utilised for shelt ering of poor villagers (No. 3). Though two units of garbage pits were constructed inside the retail market, the......

Director (CMD) who is assisted by five Functional Directors looking after Operations, Commercial, Projects, Finance and Personnel. General Managers are in-charge of TPP and Distribution Network and report to Executive Director (Works) wh o in turn reports to Director......

 The Appointed Date, which shall also be deemed to b e the date of commencement of concession period, shall generally be fixed only on or after each and every condition precedent to the CA including availability of unenc umbered right of way to the land (RoW) to the Concessionaire to the......

AND INDUSTRY Government E-Marketplace 4.1 Information Systems Audit of Government E-Marketpl ace 4.1.1 Introduction Since 1951, the Directorate General of Supplies and Disposal (DGS&D), the Central Purchase Organisation of the Government of India (G oI), provided a single point of contact......

Act (including Companies deemed to be Gov ernment Companies as per the provisions of the Companies Act) are audited by the Comptroller and Auditor General of India (CAG) under the provisions of Section 143(6) of Companies Act, 2013. The accounts certified by the Statutory Auditors (Chart ered......

of test check of accounts and records of Central Government Companie s and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 143 (6) of the Companies Act, 2013 or the statutes governing the p articular Corporations. 2. The Report contains 42......

In Financial Accounting, it serves as a subsidiary ledger to General Ledger pro viding detailed information on transactions involving fixed assets. Accounts Paya ble sub-module manages and records accounting data for all the vendors. Payables are managed as per the payment program and the......

New Delhi (Shubha Kumar) Dated : Deputy Comptroller and Auditor General (Commercial) and Chairperson, Audit Board Countersigned New Delhi (Girish Chandra Murmu) Dated: Comptroller and Auditor General of Indi......

NHAI referred the matter to the committee of three Chief General Managers (3CGMs) for dispute settlement which accepted (September 2017) the claim of `28.92 crore towards short- realisation of toll from TNSTC buses and recommende d to adjust the same against the total dues recoverable ( `62.52......

394 of the Companies Act, 2013, Annual Report on the working and affairs of a Government Company is to be prepared w ithin three months of its Annual General Meeting (AGM). As soon as may be after such preparation, the Annual Report must be laid before both the Houses of Parliament, together with......

4585.73 1911.86 1377.66 5254.83 2202.69 1575.20 121 Goa Antibiotics and Pharmaceuticals Ltd 57.40 50.94 16.75 32.72 41.30 16.34 32.01 33.56 13.23 122 General Insurance Corporation of India 26714.90 94935.19 60590.08 38096.05 110212.58 105130.67 37679.08 118881.01 112286.70 Report No. 7 of 2020 149......

In view of difference in definition adopted by the Com ptroller & Auditor General of India (CAG) and DPE, there may be difference in number of companies considered as CPSEs by 1 Companies (Removal of Difficulties) Seventh Order, 2014 issued by Ministry of Corporate Affairs vide Gazette......

Report No. 7 of 2020 v PREFACE The accounts of Government Companies are audited by the Comptroller and Auditor General of India (CAG) under the provisions of Section 143(5) to 143(7) of the Companies Act, 2013. The Statutory Auditors (Chartered Accountants)......

amended its Financial Statements and statu tory auditors of 46 CPSEs revised their Audit Report before laying of the Fin ancial Statements in Annual General Meeting. In addition, various comments hig hlighting inaccuracies in the Financial Statements were also issued. The financial impact of......

As per the MoU guidelines for the year 2017-18 and 2018-19, generally target for ‘Excellent’ grading should not be lower than best achieved in last five years and ‘Very Good’ should not be lower than the expected achieve ment of the current year (year immediately preceding the year for......

1. Functioning of P ower Sector PSUs Audit Report –PSUs for the year ended 31 March 2019 8 Later in January 1997, GoK pronounced its general policy on power reforms which envisaged setting up of an Independent Regulatory Commissi on, reorganisation of KEB by separating generation, transmission......

1.3. Transmission of electricity is defined as bulk transfer of power over long distances at high voltages, generally at 66kV and above. Electric power generated at relatively low voltages (11kV) in power generating plants is stepped up to high voltage (66/11 0/220/400kV) before it is......

The Pe rformance Audit was conducted in conformity with the Auditing Standards issued by the Comptroller and Auditor General of India. Audit Objectives 5.1.6. The objectives of the Performance Audit were to assess whether:  the conceptualisation and selection of the PPP projects were......

Grand Total (A+B+C+D) 13,946.4 4 39,710 .35 405.31 50,719.75 -1,841.97 -3,909 .16 54,062.10 - 14,351.7 5 60,397 ¥ Accumulated Profit/Loss includes General Reserve (both together also called as Free Reserves) . $$ Net profit/loss includes Other Comprehensive Income (OCI) . ^^ Paid -up Capital......

53 General Packet Radio Service (GPRS)/Global System for Mobile communication (GSM) . 54 BESCOM: January 2013 for 45,000 of 77,333 DTCs; HESCOM: between March 2014 and May 2015 for 40,793 of 48,969 DTCs; MESCOM: September 2015 for 28,531 of 29,872 . 55 Contractor was responsible for......

Seventy working PSUs (other than Power Sector ) forwarded their 90 audited accounts to the Accountant General between 1 October 201 8 and 30 September 201 9. Of these, 64 accounts (of 54 companies) were selected for Supplementary Audit. The Audit Reports of the Statutory Auditors (appointed......