Audit Reports

05 August 2011

Compliance

Report No. 34 of 2010 - Compliance Audit on Railways, Union Government (Railway)

Chapter 2 Traffic – Commercial and Operations Report No.34 of 2010-11 (Railways) 15 ¾ A consolidated amount for a train, per flat or per wagon was to be quoted by IR and CONCOR was to determine its own pricing structure for consumers. ¾ Rail transport charges to be levied by IR on CONCOR...............

Sector:

Transport & Infrastructure

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26 November 2010

Compliance

Report No. 17 of 2010 - Compliance Audit on Environment, Union Government Ministry of Environment and Forests

1.3 Authority for Audit 1.4 Planning and conduct of Audit 1Audit of (i) all expenditure from the Consolidated Fund of India, (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit & loss accounts, balance-sheets & other...............

Sector:

Environment and Sustainable Development

Chapter 1 – Introduction

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Some of the common deficiencies reflected in the Inspection Reports are as follows: 1 Audit of (i) all expenditure from the Consolidated Fund of India, (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit & loss accounts,...............

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05 August 2011

Compliance

Report No. 38 of 2010-11 - Compliance Audit on Autonomous Bodies, Union Government(Civil)

EPFO also stated that it was not a grantee organization and its expenditure had no bearing over Consolidated Fund of India. The reply does not address the basic issue of failure of the EPFO to obtain prior approval of the Central Government before revising the rates of FMA (w.e.f. January...............

Chapter VI: Ministry of Labour and Employment

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EPFO also stated that it was not a grantee organization and its expenditure had no bearing over Consolidated Fund of India. The reply does not address the basic issue of failure of the EPFO to obtain prior approval of the Central Government before revising the rates of FMA (w.e.f. January...............

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05 August 2011

Compliance

Report No. 33 of 2010 - Compliance Audit on Railways Finances, Union Government (Railway)

1 Ra ilw a y F und s i n ter n al r e source s k e p t u n d er th r e e d if f er e n t r ese r v e s 3 1 , Ra i lw a y Sa f e t y Fund f in a n ced b y R ailway s’ sh ar e o f d ie s el cess f r o m C en tr al R o ad Fu n d an d O pen L ine Wo r...............

Sector:

Transport & Infrastructure

Chapter 2 – Appropriation Accounts

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These are functionally clubbed under six distinct groups as listed on the next page: 28 Appropriation refer to expenditure charged on Consolidated Fund of India Report No. 33 of 2010-11 35 Chapter 2fllppropriation Accounts Table 2.2- Grants operated by Railways No. Particulars Group 1 Railway...............

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18 March 2011

Compliance

Report No. 26 of 2010-11 - Compliance Audit Report on Direct Taxes, Union Government

Direct tax collections increased from RS 1,65,216 crore in 2005-06 to RS 3,78,063 crore in 2009-10 at an average annual rate of growth of 32.2 per cent. The rate of growth of tax collection has decelerated in 2008-09 and has since marginally...

Sector:

Taxes and Duties

Tax Administration

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Interest payment is a charge on the Consolidated Fund of India and is, therefore, payable through a proper budgetary mechanism. Accordingly, Minor Head "interest on refunds" is to be operated under the Major Head "2020-Collection of Taxes on Income and Expenditure". However, no budget provision...............

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03 August 2010

Compliance

Report No. 9 of 2010 - Compliance Audit on Autonomous Bodies, Union Government(Civil)

This report contains the audit findings of significant nature which arose from the compliance audit in Civil Ministries of the Union Government, Departments of Posts and Telecommunications and their field offices. The report contains 18 chapters....

Sector:

General Sector Ministries and Constitutional Bodies

Chapter 1 - Introduction

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2 Audit of (i) all expenditure from the Consolidated Fund of India, (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, pro 111 & loss accounts, balance-sheets and other subsidiary accounts. 3 Audit and report on the accounts of stores and...............

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06 August 2010

Compliance

Report No. 12 of 2010 - Compliance Audit on Army and Ordnance and Factories, Union Government, Defence Services

We conduct audit of Ministries/Departments of the Government of India under Section 13 1 of the 1 Audit of (i) all expenditure from the Consolidated Fund of India (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit & loss...............

Sector:

Defence and National Security

Chapter 1 - Introduction

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We conduct audit of Ministries/Departments of the Government of India under Section 131 of the 1 Audit of (i) all expenditure from the Consolidated Fund of India (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit & loss...............

Chapter 3 – Army

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Jalandhar City) inclusive of taxes. Seven vendors participated in bid and M/s Indian Quality Product Zone was found L-l with quoted rate of Rsl386 each coil, inclusive of all taxes. L-l firm, however, offered to supply only 10,000 coils. Tender Purchase Committee (TPC) decided on 20 March 2008...............

Annexures

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9312.61 28.38 2008-09 2049.97 1130.14 3180.11 10610.40 29.97 NOTE : The figures incorporated in this paragraph are mainly based on the figures of the Consolidated Annual Accounts of Ordnance and Ordnance Equipment Factories in India finalised by Principal Controller of Accounts (Fys.), Kolkata for...............

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10 December 2010

Compliance

Report No. 2 of 2010-11 - Compliance Audit on Financial Reporting by Central Public Sector Undertakings of Union Government, Commercial

This mechanism provides the necessary parliamentary control over the utilisation of public funds invested in the companies from the Consolidated Fund of India. Section 166 of the Companies Act, 1956 requires every company to hold AGM of the shareholders once in every calendar year. It is also...............

Sector:

Finance

Chapter 2 - CAG's oversights role

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This mechanism provides the necessary parliamentary control over the utilisation of public funds invested in the companies from the Consolidated Fund of India. Section 166 of the Companies Act, 1956 requires every company to hold AGM of the shareholders once in every calendar year. It is also...............

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18 March 2011

Compliance

Report No. 1 of 2010 - Compliance Audit on Accounts, Union Government(Civil)

crore and ` 226.85 crore had been reflected as income from Portfolio Management Scheme (Discretionary Mode) of National Investment Fund (NIF) under Consolidated Fund of India (CFI), the Major head ‘8453-Income and Expenditure Account of NIF’ has not been opened in the Public Account to...............

Sector:

Finance

Chapter 2 - Comments on Accounts

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of National Investment Fund (NIF), the annual income from the invested portfolio with the fund managers is to be initially classified in the Consolidated Fund of India (CFI) as income under minor head ‘110-Income from Portfolio Management Scheme (Discretionary Mode) of NIF’ below...............

Appendices

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AOs but not reflected in consolidated Finance Accounts (' in thousands) Name of the Sl No Head of Accounts Amount Department Department of 1 8002-Saving Certificates 104-Defence Savings 95 Dr Economic affairs certificates 2 8002-Saving certificates 117-Deposits of Unit 808 Dr Trust of India 3...............

Chapter 1 - Union Government Finance- An Overview

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Finance Accounts depict the statements of receipts into and payments from the Consolidated Fund, Contingency Fund and Public Account, while Appropriation Accounts depict the budget provision, expenditure and the resultant excess/savings under each grant/appropriation. Box 1.1: Union Government...............

Glossary

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Bill As soon as may be, after the grants under Article 113 have been made by Lok Sabha, a bill to provide for the appropriation out of the Consolidated Fund of India of all money required to meet (a) the grants so made by the Lok Sabha (b) the expenditure charged upon Consolidated Fund...............

Highlights

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crore and 226.85 crore had been reflected as income from Portfolio Management Scheme (Discretionary Mode) of National Investment Fund (NIF) under Consolidated Fund of India (CFI), the Major head ‘8453-Income and Expenditure Account of NIF’ has not been opened in the Public Account to...............

Chapter 7 – Appropriation Accounts 2009-2010 : An Analysis

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An Analysis Excess disbursements over grants/appropriations 7.1 Article 114(3) of the Constitution provides that no money be withdrawn from the Consolidated Fund of India (CFI) except under appropriations made by law passed in accordance with the prov isions of this Article. Further, General...............

Chapter 8 - Review of selected Grants

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is being taken to wind up the Corpus Fund and to take back 1,000 crore from the bank along with the interest thereon and to deposit the same in the Consolidated Fund of India. c) Information and Communication Technology in Schools National Task Force on Information Technology and Software...............

Chapter 3 - Resources: Trends and Composition

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The proceeds from disinvestment of Central Public Sector Enterprises are channelized into the NIF, which is maintained outside the Consolidated Fund of India. The trends in miscellaneous capital receipts (MCR), i.e. disinvestment proceeds indicate wide fluctuations during the last five...............

Chapter 6 - Appropriation Accounts 2009-2010: Introduction

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Article 113 of the Constitution of India, the Government introduces an Appropriation Bill under Article 114 to provide for appropriations out of the Consolidated Fund of India (CFI). The Appropriation Act passed by the Parliament authorises the Government to appropriate specified sums from the...............

Chapter 5 - Management of Fiscal Liabilities and Imbalances

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Internal and external debts constitute public debt and are secured under the Consolidated Fund of India. Internal debt includes market loans, special securities issued to Reserve Bank of India and various other special securities, compensation and other bonds and other Rupee securities. External...............

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20 December 2011

Compliance

Report No. 24 of 2011 - 12 Union Government (Defence Services) Army and Ordnance Factories

While, till 2007-08, the Ordnance Factories had been able to maintain negative charge to the Consolidated Fund of India, the trend of generating surplus of receipts over expenditure in Ordnance Factory Organization got reversed since 2008-09 due to increase in manufacturing cost. The total...............

Sector:

Defence and National Security

Chapter 1 - Introduction

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1 Audit of (i) all expenditure from the Consolidated Fund of India (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit & loss accounts & balance-sheet & other subsidiary accounts. 2 Audit of receipt and expenditure of bodies or...............

Chapter 8 – Factory Organisation

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While, till 2007-08, the Ordnance Factories had been able to maintain negative charge to the Consolidated Fund of India, supplies to the Armed Forces have never been able to match the budget provision indicating less supply than anticipated. Against the budgeted supply of ?8393 crore in...............

Overview

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While, till 2007-08, the Ordnance Factories had been able to maintain negative charge to the Consolidated Fund of India, the trend of generating surplus of receipts over expenditure in Ordnance Factory Organization got reversed since 2008-09 due to increase in manufacturing cost. The total...............

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