Page 104 of 119, showing 10 records out of 1,189 total
Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by the Comptroller and Auditor General of India (CAG). These accounts are also...
The Management stated (June 2012) that Railways had placed BOBRN wagons on their own for the first time and therefore, Railways was requested (8 January 2010) to confirm regular supply through BOBRN wagons but no assurance was given by them. In absence of specific assurance of discontinuing............
to the analysis, an effort has been made to compare the achievements with the targets envisaged by the State Government in Fiscal Responsibility and Budget Management Act, 2005 as well as in the Budget estimates of 2010-11. The Comptroller and Auditor General (C&AG) has been commenting upon the............
Page 16) (A) Tax Revenue for the year 2006-11 in crore) Heads 2006-07 2007-08 2008-09 2009-10 2010-11 Budget Actual Estimate Taxes on Sales, Trade, 2,783 2,691 3,111 3,535 3,659 4,319 etc. State Excise 175 189 199 239 259 323 Taxes on Vehicle 151 139 145 177 179 232 Stamps and 97 110 111 108............
The State Government presented their budget for 2010-11 against the backdrop of strengthening recovery and the resultant improvement in growth prospects for the Indian economy. Following the incipient signs of economic recovery and recommendations of the Thirteenth Finance Commission (FC-XIII),............
an effort has been made to compare the achievements with the targets envisaged by the State Government in the Fiscal Responsibility Act (FRBM Act), BudgetDocuments, Economic Survey of the State, norms recommended by the Thirteenth Finance Commission and other financial data obtained fiom the............
Total 18,258.31 65 Audit Report (State Finances) for the year 2011-12 Appendix-1.5 (Referred to in paragraph 1.2.3 : page 5 ) Actuals, vis-a-vis, Budget Estimates for 2011-12 (T in crore) Particular Budget Actuals Increase/ Percentage Estimates Decrease (-) increase and 2011-12 decrease(-)............
expenditure was however, less by 2,196 crore4 (35 per cent) than the assessment made by the State Government in its Fiscal Responsibility and Budget Management Act, 2005 (FRBM Act) disclosures for the year 2011-12. The Government needs to take initiatives to adhere to the targets fixed............
In response to the Twelfth Finance Commission's recommendations, the Bihar Government enacted its Fiscal Responsibilities and Budget Management (FRBM) Act, entitled the Bihar Fiscal Responsibility and Budget Management (FRBM) Act, 2006. The main...
Management & Extention Training Setting up of New IITs Indian Institute of 52.50 Technology, Patna Total of GOI funds 6434.66 5182.20 bypassing State Budget Receipts of GOB 38920.00 41674 Expenditure of GOB 37181 42796 Total Plan Grants (State Plan + Centrally 5411.68 5308 Sponsored Plan + Central............
of the fiscal situation In order to comply with the recommendations of the Twelfth Finance Commission (TFC), the Bihar Fiscal Responsibility and Budget Management (FRBM) Act, 2006 required the State Government to eliminate its revenue deficit by the end of the financial year 2008-09 and to............
This Report contains 28 paragraphs including three performance audits relating to non/short levy of taxes, royalty, fees, rent, interest and penalty etc., involving revenue implication of Rs. 236.60 crore in respect of various tax and non-tax...
out, the Government in respect of points at 2.11.7.3 stated during the exit conference that the probable reason for variation may be import through railways/air. The reply substantiates our contention at paragraph 2.11.20 that goods entering the State through Railways are not mapped with TIMS............
2 Chapter-I 'Finances of the State Government' and Chapter II 'Financial Management and Budgetary Control' of this Report contains audit observations on matters arising from examination of the Finance Accounts and Appropriation Accounts respectively of the State Government for the year............
Appendices Appendix -1.1 (Referred to in paragraph 1.1; Page I) STATE PROFILE OF CHHATTISGA R H A-General Data s. Particulars Figu res No. 1 Area 1,37,898 Sq. km. 2 Population a As per 2001 Census 2.08 crore b 2010-1 1 2.55 crore 3 a Density of...
expenditure was 2,067 crore (41 per cent) less than the assessment made 5,019 crore) by the State Government in its Fiscal Responsibility and Budget Management Act, 2005 (FRBM Act) for the year 2010-11. Public debt receipts decreased by X 492 crore (38 per cent) and repayment of public............
This Report contains 26 paragraphs including two reviews relating to non/short levy of tax, interest etc. involving Rs. 977.82 crore. Some of the major findings are mentioned...
observed in Ordinary earth used for filling or leveling September 2009 that purpose in construction of embankments, a sum of X 36.64 lakh was roads, railways and buildings is a minor deducted as royalty mineral. In this regard the Government of Bihar vide Gazette notification (April 2006) fixed............
2.2.2 The budget estimates, actual receipts from mining, total non-tax revenue raised by the State Government and the percentage c ontribution by the mining sector towards non-tax revenue is given in the foll owing table: (` in crore) Year Budget estimates Actual receipts Variation excess(+)/............
CHAPTER-V UNAUTHORISED EXCAVATION AND TRANSPORTATION OF MINERALS Introduction Section 21(5) of the MMDR Act, 1957 envisages that whenever any person raises without any lawful authority, any mineral from any land, the State Government may recover...
Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by CAG of India. These accounts are also subject to supplementary audit conducted...
Chapter III Performance Review relating to Statutory Corporation 3. Performance Audit of Power Generation Undertakings in Bihar Executive Summary Power is an essential requirement for all plants so as to generate maximum energy facets of life and...
In response to the Twelfth Finance Commission's recommendations, the Chhattisgarh Government enacted its Fiscal Responsibilities and Budget Management (FRBM) Act, entitled the Chhattisgarh Fiscal Responsibility Act, 2005, with a view to ensure...
- Appropriation for reduction of Avoidance of debt 56 Appendices Appendix -1.2 (Referred to in paragraph 1.1 at Page 1) Fiscal Responsibility and Budgetary Management (FRBM) Act, 2005 Part B The Fiscal Responsibility and Budget Management (FRBM) Act, 2005 To ensure prudence in fiscal............
position In response to the Twelfth Finance Commission’s (TFC) recommendation, the Government of Chhattisgarh enacted its Fiscal Responsibility and Budget Management Act, 2005, with a view to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit,............