Audit Reports

15 May 2012

Compliance

Report No. 32 of 2011 - Compliance Audit on Railway, Union Government (Railway)

had met with limited success largely due to inadequate commitment to implementation of policy that resulted in constant gross under-utilisation of funds both in level crossings and ROB/RUBs. Railways’ efforts in co-ordinating with state governments for successful completion of ROB/RUBs were...............

Sector:

Transport & Infrastructure

Chapter 6 - Stores

_{(PDF 0.08 MB)}

was invited from existing RDSO approved concrete sleeper manufacturers for supply of 2.10 crore BG PSC line sleepers to cover the requirement of Indian Railways for the year 2008-09 and 2009-2010. The tender was finalized in August 2008. Initially, only five tenderes accepted the Railways...............

Annexures

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(1) NIL (2) (1) NA (2) Due to Work completed of Goods shed for dealing another full 26.02.08 2008-09 (2) 30.06.09 28.2.10 (2) 31.01.10 7 lack of funds. rake (2nd full rake) and converting tha non-standard lay out into standard layout (2) Ahmednagar-Highlevel Platform and covered shed for 40...............

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24 April 2012

Compliance

Report No. 27 of 2011-12 - Compliance Audit on Direct Taxes Union Government, Department of Revenue

(iii] promote investment in Research and Development (R&D] to enhance the competitive ability of the economy and [iv] encourage savings for funding infrastructure by providing a tax deduction on investment in long-term infrastructure bonds. We noticed that the direct tax collection...............

Sector:

Taxes and Duties

Chapter 1 - Tax Administration

_{(PDF 7.02 MB)}

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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08 May 2012

Compliance

Report No. 33 of 2011-12 -Compliance Audit on Autonomous Bodies, Union Government(Civil)

OF HUMAN RESOURCE DEVELOPMENT Department of Secondary Education Kendriya Vidyalaya Sangathan Unfruitful expenditure 5.1 21 Premature release of funds 5.2 22 Department of Higher Education Jawaharlal Nehru University Overpayment of interest of ` 2.75 crore to the GPF/CPF subscribers 5.3 24...............

Chapter X: Ministry of Urban Development

_{(PDF 0.09 MB)}

33 of 2011-12 •- CHAPTER X : MINISTRY OF URBAN DEVELOPMENT V__/ Delhi Development Authority 10.1 Premature award of work resulting in blocking of funds of ' 9.41 crore Commencement of the work by the Delhi Development Authority without ensuring the availability of clear site resulted in...............

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25 August 2011

Compliance

Report No. 3 of 2011 - Compliance Audit on Observations of Union Government (Commercial)

check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 619(3) (b) of the Companies Act, 1956 or the statutes governing the particular Corporations. The concept of thematic study...............

Sector:

Finance |

Transport & Infrastructure |

Power & Energy |

Industry and Commerce |

Information and Communication |

Social Welfare

Chapter 13 - Ministry of Power

_{(PDF 9.97 MB)}

As per Accounting Standard 23 dealing with ‘Accounting for investments in consolidated financial statements’ notified by the Institute of Chartered Accountants of India, an associate is an enterprise in which the investor has significant influence and which is neither a subsidiary nor a...............

Chapter 2 - Ministry of Civil Aviation

_{(PDF 7.64 MB)}

In the meantime the estimated cost of the project increased from 15.50 crore to 29.86 crore. The work was awarded (January 2008) to M/s Consolidated Construction Consortium Limited, Chennai (contractor) at contract value of T 34.64 crore. The work was actually completed in September 2009...............

Chapter 6 - Ministry of Consumer Affairs, Food and Public Distribution

_{(PDF 5.11 MB)}

3.70 2008-09 12.50 10.50 8.0 11.50 - 2009-10 Not available As the statutory charges have a wide impact on the quantum of food subsidy paid out of the Consolidated Fund of India, the GOI needs to take vigorous efforts to rationalise the magnitude of these taxes in consultation with the State...............

Chapter 7 - Ministry of Defence

_{(PDF 7.68 MB)}

The competitors of the Company used this opportunity to establish their brand image and consolidated their market share. The problems encountered by the Company in this segment are discussed in the subsequent paragraphs. 7.2.2 Strategy of the Company to improve market share To establish brand...............

Executive Summary

_{(PDF 2.25 MB)}

Affairs, Food and Public 2 3 5 Distribution (3/1) ' This includes 14 PSUs whose paras have been shown under the Department of Public Enterprises as consolidated paras. 2 AAl in respect of para number 2.1 and 2.3; BSNL in respect of para number 5.1, 5.2 and 5.3 and FCI in respect of para number...............

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06 September 2011

Compliance

Report No. 16 of 2011 - Compliance Audit on Observations , Union Government(Civil)

2 Includes Department of Space 3 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-sheets and other subsidiary accounts. 4 Audit and...............

Sector:

Finance

Chapter 1 – Introduction

_{(PDF 0.14 MB)}

2 Includes Department of Space 1 Audi 1 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 and other subsidiary accounts. 1 Audit and...............

Chapter 17 - Union Territories

_{(PDF 0.26 MB)}

a certificate of total deposits should be obtained from the Treasury Officer in 122 Report No. 16 of 2011-12 the Consolidated Treasury Remittances Register by the Divisional Officer (DO) at the end of each month. Any difference in remittances with the Treasury Office should immediately be...............

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10 May 2012

Compliance

Report No. 2 of 2011-12 - Compliance Audit on General Purpose Financial Reports of Central Public Sector Enterprises of Union Government, Commercial

2011, there were 466 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 329 government companies, 131 deemed government companies and six statutory corporations. This Report deals with 406 CPSEs...............

Sector:

Finance

Chapter 2 - Oversight role of CAG

_{(PDF 14.95 MB)}

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...............

Chapter 4 - Convergence of Indian Accounting Standards with IFRS

_{(PDF 1.99 MB)}

The Ind-AS will be applicable for both stand-alone and consolidated financial statements. 4.2.3 Consulting and participative process On the advice of the Prime Minister's Office, the MCA invited suggestions from companies on the implementation of the road-map drawn for the convergence...............

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24 April 2012

Compliance

Report No. 1 of 2011 - Compliance Audit on Accounts, Union Government(Civil)

This Report discusses the comments of the Comptroller and Auditor General of India on the accounts of the Union Government and analyses the finances of the Union Government for the year 2010-11. It also contains an analysis...............

Sector:

Finance

Chapter 2 - Comments on Accounts

_{(PDF 8.98 MB)}

The fund is administered by the Department of Telecommunications (DoT). The levy received towards USO is first credited to the Consolidated Fund of India and subsequently, the Central Government credits the proceeds to the USO Fund in the Public Account of India from time to time, for being...............

Chapter 1 - Union Government Finances- An Overview

_{(PDF 6.49 MB)}

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

Appendices

_{(PDF 13.47 MB)}

7610-00-203- Advance for the 590 Cr purchase of other Conveyance (ii) Adverse balances noticed in selected Pr AOs but not reflected in Consolidated Finance Accounts (Tin thousand) Name of the SI No. Head of account Amount Balance Department Controller aid 1. 6002- External Debt 32683980 Dr...............

Chapter 4 - Appropriation Accounts : Comments on Accounts

_{(PDF 5.17 MB)}

4.1.1 Expenditure incurred on interest on refunds of taxes Article 114(3) of the Constitution stipulates that no money shall be withdrawn from the Consolidated Fund of India except under appropriation made by law. Payment of interest on refunds of excess tax is a charge on the Consolidated Fund...............

Glossary

_{(PDF 0.94 MB)}

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

_{(PDF 0.97 MB)}

Of the total income of? 543.90 crore, earned from the investment of the amounts lying in the NIF, during the period 2008-11, and credited into the Consolidated Fund of India, an amount of only 288.12 crore was transferred to the Public Account for meeting expenditure on pre-identified...............

Chapter 3 - Appropriation Accounts 2010-11: Introduction

_{(PDF 4.95 MB)}

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 - Review of Selected Grants

_{(PDF 6.42 MB)}

budgetary projections 5.9 Under Article 114 of the Constitution of India, Parliament authorises the Government to appropriate specified sums from the Consolidated Fund of India. In terms of Article 115 of the Constitution, additional grants are obtained through supplementary demands for grants,...............

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15 May 2012

Financial

Report No. 3 of 2012 - Compliance Audit on Finances, Union Government (Railways)

IR is a departmental commercial undertaking of the Government of India. It consists of 64,460 route kms1 on which more than 19,186 trains ply, carrying about 21 million passengers and hauling nearly 2.5 million tonne of freight everyday. Policy...

Sector:

Transport & Infrastructure

Chapter 2 - Appropriation Accounts

_{(PDF 1.85 MB)}

These are funclionally clubbed under six distinct groups as listed on the next page: 19 Appropriation refer to expenditure charged on Consolidated Fund of India Report No. 3 of 2012-13 Page 27 Chapter 2 Appropriation Accounts Table 2.2- Grants operated by Railways Particulars Group Railway Board...............

Chapter 3 - Transparency in Budgeting and Financial Management in Indian Railways

_{(PDF 0.27 MB)}

Investment strategy for the short and medium term including means of financing the same. Consolidated reply to Chapter-3 from Railway Board is still awaked. Page 46 Report No. 3 of 2012-13 Chapter 3 Transparency in Budgeting and Financial Management in Indian Railways Provisions for fund...............

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29 November 2012

Compliance

Report No. 16 of 2012 -13 Union Governmen (Defence Services) Army and Ordnance Factories

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...............

Sector:

Defence and National Security

Chapter 1 - Introduction

_{(PDF 0.09 MB)}

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 - Ordnance Factory Organisation

_{(PDF 0.37 MB)}

and the remaining X 392.06 crore was parked in the Public Fund Account under Minor Head 102 of Major Head 8226 instead of crediting it back to the Consolidated Fund of India. As a result, the expenditure of OFB was overstated by 392.06 crore in the Appropriation Accounts for the year 2010-11................

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04 September 2012

Compliance

Report No. 8 of 2012 - Compliance Audit on Observations of Union Government, Commercial

check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 619(3) (b) of the Companies Act, 1956 or the statutes governing the particular Corporations. The concept of thematic study...............

Sector:

Finance

Chapter 9 - Ministry of Heavy Industries & Public Enterprises

_{(PDF 8.27 MB)}

8 and 9) of Chandrapur project of Maharashtra State Power Generation Corporation Limited, the PSWR of the Company issued (August 2009) a consolidated limited tender enquiry to 11 vendors. In the tender enquiry (August 2009), the Company included a condition (restrictive clause) that “One...............

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