Audit Reports

19 December 2014

Performance

Report No. 31 of 2014 - Performance Audit on Management of Goods Trains Union Government,Railways

charges Annexure 5 84 Non recovery of damage and deficiency charges from siding owners Annexure 6 85 Wagons received in workshop not due for POH returned with delays Annexure 7 86 Details of wagons found overdue for POH Annexure 8 88 Position of test check of wagons POHed in workshops...............

Sector:

Transport & Infrastructure

Chapter 3 - Adequate availability of wagons and their effective utilisation

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Management of Goods Trains in Indian Railways ( ~ \ Chapter III Adequate availability of wagons and their effective utilisation v_) Audit Objective 2 Adequate wagons and locos were available for meeting the demand for freight loading and the wagons...

Chapter 4 - Maintenance of Locomotives and Wagons

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Out of these, 4850 wagons pertaining to six workshops36 in NR, NWR, SR, SCR, SER and WR could not be returned timely by the workshop authorities. These wagons were returned out of workshop with delays as indicated below:- Table 28-Details of the wagons erroneously sent to workshops for POH Nos................

Executive Summary

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Management of Goods Trains in Indian Railways Executive summary I Background Freight is a profit making business segment of Indian Railways and is the backbone of railway revenues. Over the years the market share of Indian Railways has been...

Abbreviations

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Management of Goods Trains in Indian Railways List of Abbreviations used in the Report ACC Associated Cement Company Ltd ACS Aditya Cement siding ADI Ahmedabad ASR Amritsar AII Ajmer ALD Allahabad BALCO Bharat Aluminium Company BDCR Bhadrachalam...

Chapter 1 - Introduction

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Management of Goods Trains in Indian Railways CHAPTER I ^ INTRODUCTION 1.1 Introduction Indian Railways (IR) is one of the largest railway networks in the world with 64600 route kilometers and 1.4 million employees under a single management. IR is...

Chapter 2 - Planning and funding for procurement of Wagons and locomotives and Technological developments in wagons

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Management of Goods Trains in Indian Railways Chapter II ; \ Planning and funding for procurement of Wagons and locomotives and Technological developments in wagons V. ____) Audit Objective 1 Procurement of wagons and locos was commensurate with...

Chapter 6 - Conclusions and Recommendations

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Management of Goods Trains in Indian Railways (--^ Chapter VI Conclusion and Recoininendations V__J 6.1 Conclusion Indian Railways (IR) is the third largest network in the world transporting about 40 per cent of the freight traffic in the country....

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18 February 2014

Performance

Report No. 29 of 2013 - Performance Audit on Network Projects of Council of Scientific and Industrial Research Union Government, Scientific and Industrial Research

not conducted 2.7 17 CHAPTER 3- OUTCOME OF NETWORK PROJECTS Development and commercialisation of technology 3.1 19 Generation of intellectual property 3.2 22 Publishing of research papers 3.3 24 Generation of external cash flow 3.4 27 Other outcomes 3.5 29 CHAPTER 4- AUDIT FINDINGS FROM...............

Sector:

Science and Technology

Chapter 1 - Introduction

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referred to as the Guidelines hereafter; Targets, wherever set by CSIR for deliverables such as number of technologies developed, intellectual property generated, research papers published and amount of external cash flows generated, etc.; Minutes of meetings of various monitoring...............

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18 July 2014

Performance

Report No. 3 of 2014 - Performance Audit on Public Private Partnership Projects in Indian Railways Union Government,Railways

Indian Railways (IR) is a prime mover in the transport sector of the nation. It is one of the largest railway systems in the world under a single management and is the single largest mover of freight in the country. Despite improvement in growth...

Sector:

Transport & Infrastructure

Executive Summary

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(Para 2.3.1) 2 Internal Rate of Return (IRR) of a project is the annualized effective compounded rate that makes the Net Present Value of all cash flows (both positive and negative) from a particular investment equal to zero. | Report No. 3 of 2014 (Railways) Public Private Partnership projects...............

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19 December 2014

Performance

Report No. 33 of 2014 - Performance Audit on Central Excise Administration in Automotive Sector of Union Government, Department of Revenue-Indirect Taxes,Central Excise

Finance Act, 1994 inserted with effect from 1 July 2010, “immovable property” includes vacant land, given on lease or license for construction of ...............

Sector:

Taxes and Duties

Chapter 3 - Valuation of Excisable Goods

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Comparing the figures relating to purchase of traded motorcars by VGSIPL vis-a-vis the value considered for the ER-1 returns, we saw that there was a difference of' 647.71 crore which would be attributable to amounts such as warranty charges, VGSIPL margin etc. Since M/s VIPL and M/s VGSIPL are...............

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23 December 2014

Performance

Report No. 36 of 2014 - performance Audit on Implementation of Public Private Partnership Projects in National Highways Authority of India, Ministry of Road Transport & Highways

In case the estimated toll collection falls short of the project costs including return on investment, NHAI provides finance to meet the gap in the form of viability gap funding. In certain cases the concessionaires may offer premium/revenue sharing instead of getting VGF. In case of BOT...............

Sector:

Transport & Infrastructure

Chapter 8 - Conclusion

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Report No. 36 of 2014 Chapter - 8 Conclusion In order to reduce dependency on its finances, bring in professional project management practices and improved technology for better quality of construction, Gol had decided to involve private sector...

Chapter 4 - Award of Project and the Concession Period

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by the L-l bidder of 94.60 crore (which was higher by 25.80 crore as compared to the annuity estimated by NHAI) gave an equity internal rate of return of 28.38 per cent which was much higher than the prevailing market range of 15-18 per cent. NHAI approved (October 2009) award of the work to...............

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28 November 2014

Performance

Report No. 29 of 2014 - Performance Audit on Administration of Prosecution and Penalties in Central Excise and Service Tax of Union Government, Department of Revenue - Indirect Taxes, Central Excise and Service Tax

Prosecution is the commencement of a criminal proceeding, where the Government exhibits before a Court of Law the formal charges against a person accused of an offense and seeks to impose on such person a suitable punishment and penalty. Thus, in...

Sector:

Taxes and Duties

Chapter 2 - Administration of Prosecution and Penalty

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Report No. 29 of 2014 (Performance Audit) Chapter 2 : Administration of Prosecution and Penalties The Board in its Circular dated 9 August 1990 issued instructions to its field formations with reference to the launching of prosecution cases and the...

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28 November 2014

Performance

Report No. 21 of 2014 - Performance Audit of Special Economic Zones SEZs of Union Government, Department of Revenue - Indirect Taxes, Customs

duties/taxesisnotadmissibleforsuchactivity. Further,asperclause(90a)ofsection65oftheFinanceAct,1994“rentingof immovableproperty”includesrenting,letting,leasing,licensingorother similararrangementofimmovablepropertyforuseinthecourseof...............

Sector:

Taxes and Duties

Chapter 6 - Monitoring, evaluation and Control

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Further, as per clause (90a) of section 65 of the Finance Act, 1994 "renting of immovable property" includes renting, letting, leasing, licensing or other similar arrangement of immovable property for use in the course of furtherance of business or commerce. Explanation 2, thereunder, provides...............

Chapter 3 - Growth of SEZs

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Report No. 21 of 2014 (Performance Audit) Chapter III: Growth of SEZs Audit observed that there was a requirement of multiplicity of approvals for SEZs with 38.78 percent of them becoming operational after their notification. 52 per cent of the land ...

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04 August 2014

Performance

Report No. 18 of 2014 - performance Audit on Planning and Implementation of Transmission Projects by Power Grid Corporation of India Limited and Grid Management by Power System Operation Corporation Limited of Union Government, Ministry of Power

Inter state and intra state power transmission systems are inter connected and together constitute the grid. In 1984, a working group constituted by Government of India (GOI) for development of 'National Grid' recommended formation of a separate...

Sector:

Power & Energy

Chapter 7 - Grid Management

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NLDC did not revise TTC (from 2400 MW to 2000 MW) though the line under shut down (Bina-Gwalior-Agra- line II) was not returned to service87. Consequently, NRLDC allowed import of power ranging between 1941 MW and 2139 MW in 10 time blocks from 0000 hours to 0230 hours on 30 July 2012,...............

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18 July 2014

Performance

Report No. 15 of 2014 - Performance Audit on Public Private Partnership Project at Chhatrapati Shivaji International Airport, Mumbai - Union Government, Ministry of Civil Aviation

Airports Authority of India (AAI) had been the sole air traffic service provider in the country. Unprecedented increase in passenger and cargo traffic led to congestion in airports, particularly airports in metropolitan cities. Government decided to ...

Sector:

Transport & Infrastructure

Chapter 4 - Project Financing

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Chapter 4 Project Financing |4.1 Increase in Project Costs estimates The original transaction documents (OMDA/SSA) did not mention a cost estimate for the project. The initial estimate (prepared in 2006) of the project cost of ?5,826 crore was...

Chapter 3 - Project Management

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Chapter 3 Project Management |3.1 CSI Airport -Mumbai CSI Airport, Mumbai has two intersecting operational runways designated 09/27 and 14/32 (No.’s 1 and 2 in picture) which intersect at approximately their mid points. CSI Airport, Mumbai had...

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18 July 2014

Performance

Report No. 14 of 2014 - Performance Audit on Pricing Mechanism of Major Petroleum Products in Central Public Sector Oil Marketing Companies, Union Government, Ministry of Petroleum and Natural Gas

At present, there are three regulated products, viz., High Speed Diesel (HSD), Superior Kerosene Oil (SKO) for Public Distribution System (PDS] and Liquified Petroleum Gas (LPG) for Domestic use. Motor Spirit (MS] or Petrol has been de-regulated...

Sector:

Power & Energy

Executive Summary, Report No.14 of 2014.

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While IOCL and BPCL could generate some surplus on marketing margin fixed on the regulated products, HPCL could not generate the desired return. Similarly, margin on retail investment was below the desired level in BPCL and HPCL. (Para 3.1.7) In order to meet the requirements of working...............

Chapter 3 - Audit Findings

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While it is acknowledged that OMCs have invested in auto fuel up- gradation projects, it may be noted that a higher return is also guaranteed in the price structure for such up-graded fuel (such as Euro III & IV products) which would address the need for investment in such projects to...............

Chapter 4 - Conclusion and Recommendations

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per the pricing methodology, the price at the refinery gate is set above the FOB price of the product at the chosen destination which allows a higher return to the refineries. This benefit is available to all refineries including private and stand-alone refineries. However, OMC refineries have...............

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