Audit Reports

CHAPTER IV PART A - INCOME TAX PART B - FRINGE BENEFIT TAX PART C - WEALTH TAX Report No. 27 of 2010-11 (Direct Taxes) Chapter Summary This Report includes 162 cases pertaining to Income Tax, Fringe Benefit Tax and Wealth Tax with tax effect off...

If the proposed site encroaches or in any way affects the civil or railway department's roads, lands or interests, the sanctioning authority should obtain the consent of the authority concerned. In contravention of these provisions a Command HQ sanctioned a w ork w ithout obtaining necessary.....................

Thus, the three transmitters procured specifically for these stations were lying idle for more than eight years. Further, the useful life of TV Transmitter is 10 years as per norms of DD1. The Management stated (December 2011) that the three transmitters could not be installed due to exigency.....................

Report No. 33 of 2011-12 (-\ CHAPTER IX : MINISTRY OF SHIPPING \_ Mormugao Port Trust, Goa 9.1 Loss of revenue Delay in completion of capital dredging resulted in an estimated loss of ' 60 crore._ The Mormugao Port (MPT) awarded the contract for...

construction of SPS resulted in blocking of ' 4.39 crore._ The work of preparation of architectural drawings for construction of Sewerage Pumping Station (SPS) at Lok Nayak Puram. Bakkarwala, was entrusted to a consultant in December 2005. who submitted the same in January 2006. The revised.....................

(Para 2.3) 12. Aviation Fuel Station (AFS) of all three oil marketing PSU viz., IOCL, BPCL and HPCL at Chennai receive Aviation Turbine Fuel (ATF) from Chennai Petroleum Corporation Limited, a subsidiary of IOCL (Refinery). IOCL commissioned dedicated ATF pipeline between the Refinery and Chennai.....................

Freight Corridor Corporation of India Limited, Fresh & Healthy Enterprises Ltd., GAIL India Limited, Hindustan Petroleum Corporation Limited, Indian Railway Catering and Tourism Corporation Limited, IRCON International Limited, NMDC Limited, Oil India Limited, Oil and Natural Gas Corporation.....................

the interests of Company are fully safeguarded as the petition had been filed before CLB, police complaints had been lodged before the Central Crime Station, Hyderabad and private complaints had been filed before the Chief Metropolitan Magistrate, Hyderabad. However, the fact remained that.....................

Further, Audit also compared the coupon rates of PFC bonds with those of PSUs in the power and finance sector viz. Indian Railway Finance Corporation Limited (IRFC), Rural Electrification Corporation Limited (REC), NTPC Limited (NTPC), Power Grid Corporation of India Limited (PGCIL), which were.....................

Report No. 3 of 2011-12 CHAPTER IX: MINISTRY OF FINANCE \ (DEPARTMENT OF FINANCIAL SERVICES- V_ INSURANCE DIVISION) J General Insurance Corporation of India 9.1 IT Audit on SAP-Reinsurance Module Introduction General Insurance Corporation of India...

Visvesvaraya Iron and Steel Plant (Plant) engaged in the manufacture of alloys and special steel of various grades catering to the needs of Defence, Railways and Automobile Sectors was acquired (August 1989) by Steel Authority of India Limited (SAIL) and became a subsidiary of SAIL. It was merged.....................

To move the material from rake points within the stipulated time allowed by the Railways, the Company appoints handling and transportation (H&T) contractors at rake points/storage points in the marketing territory of the Company. Scrutiny of H&T contracts of Chandigarh and Bhopal Zones.....................

Airports Particulars of work Work Order No. No. 1 Dehradun Construction of New Terminal Work Order No. AAI/ Building, Sub station cum A.C. Terminal Bldg./Engg (c)/329 plant room, U.G. Tank, Pump Dated 30.01.2008 room, car-park and associated works. 2 Udaipur Construction of a New Terminal Work.....................

objectives of the framework is to keep the cost of power to the beneficiaries at the minimum possible level while compensating the power generating stations adequately for their capital investments. The criteria used as a benchmark for determining the optimum finance ratio is the maximum extent.....................

Report No. 3 of 2011-12 CHAPTER V: MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY Bharat Sanchar Nigam Limited 5.1 Basic Telephone services in BSNL Introduction In India the state owned Bharat Sanchar Nigam Limited (BSNL) is one of the major...

the clause * * Clause 6.4.S.3: For the purpose of calculating late payment interest and notional interest the relevant due date shall be the date terminating with the expiry of 56 (fifty six) days after the date the contractor delivers his Running Account Bill to the Engineer-in-Charge for.....................

Report No. 16 of 2011-12 CHAPTER VIII: MINISTRY OF HEALTH AND FAMILY WELFARE Safdarjung Hospital and VMCC 8.1 Unfruitful expenditure Inordinate delays and lackadaisical approach of the Ministry and the Hospital has led to non-commencement of the...

A principal responsibility of this Department is the preparation of the Union Budget annually (excluding the Railway Budget). Other main functions include formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, public debt.....................

8 Hassan Mangalore Rail The company did not have detailed and reconciled Development Company records of fixed assets of 'Project Railway', which Limited constituted 99.9 percent of total assets. 47 Report No. 2 of 2011-12 9 Hindustan Steelworks No provision was made for 9.79 crore for.....................

Government Companies Delhi Metro Rail Corporation Limited Urban Development 1066 Bharatiya Nabhikiya Vidyut Nigam Atomic Energy 315 Limited Indian Railway Finance Corporation Railways 511 Limited Others include state government, central/state government companies/corporations, financial.....................

Report of the Comptroller and Auditor General of India for the year ended March 31, 2011 Union Government (Commercial) Report No. 2 of 2011-12 General Purpose Financial Reports of Central Public Sector Enterprises (Compliance Audit) Report of the...

CHAPTER 4 Convergence of Indian Accounting Standards with IFRS 4.1 Introduction 4.1.1 Recognition for convergence in India The Ministry of Corporate Affairs (MCA), reported on 13 May 2008, that the initiative for harmonization of the Indian...

Case I Though an AFLS that was installed at Air Force (AF) Station 'A', had outlived its life in March 2004 itself, it was only in May 2007 that Air Headquarters (Air HQ) could place an indent for its replacement on Director General Ordnance Factory. Kolkata on turnkey basis, at a total cost of.....................

Report No. 4 of 2012-13 Chapter 3 Undue favours to Devas 3.1 Introduction The features of the Antrix-Devas agreement are as under: The Antrix-Devas agreement allowed Devas to provide multiple services such as 4G services (improvement in 3G...

Report No. 4 of 2012-13 Chapter 5 Conclusions The report on the hybrid satellite digital multimedia broadcasting service agreement with Devas is a classic case of public investment for private profit. The Department of Space, in its eagerness, went ...

2. 32- Department 3075.60.101.02- 34.38 No reply has of Economic Reimbursement been received. Affairs of Losses of Railways on Operating Strategic Railway Lines 3. 54-Other 3053.01.191.01- 4.99 Ministry replied The maximum expenditure that Expenditure of Payment for that re- could have been.....................

of? 3,384 crore in nine segments of seven grants in civil Ministries; 3,053 crore in 15 segments of 10 grants/appropriations of the Ministry of Railways; 367 crore in one segment of one grant in the Department of Posts; and 4,239 crore in four segments of four grants of the Defence.....................

3.2 The CGA prepares the Appropriation Accounts in respect of 98 grants and appropriations of Civil Ministries. The Ministries of Defence and Railways and the Department of Posts prepare the Appropriation Accounts of their respective grants. The Comptroller and Auditor General of India submits.....................

Contributions from Railways and the share of profits from 6 Union Government Finances: An Overview nationalised banks showed a negative growth of 11 per cent and 16 per cent respectively when compared with those of the previous year. Table 1.5: Non-tax revenue- relative composition of.....................

4711 02 Daman Ganga Project 16. 4711 02 Dredging in River Brahmaputra 17. 4861 01 Final Enrichment Plant at Hazira Statement No.13 18. 8116 Railway-Loan to Branch Line Companies Statement No.14 19. 6002 00 Miscellaneous Stores for Border Roads Organisation received from the Government of.....................

Report of the CAG on Union Government Accounts 2010-11 Glossary 14 days auction : A scrip of 14 days duration introduced from June 1997. Auction for Treasury Bill this instrument is held weekly at a pre-determined cut off price. 14 days...

Chapter 3 Transparency in Budgeting and Financial Management in Indian Railways Chapter 3 Transparency in Budgeting and Financial Management in Indian Railways 3.1 Introduction Budget is an annual exercise for detailing.....................

Grant/ Supplementary Final Grant/ Actual Excess (+)/ the 1ppropriation Appropriation Appropriation Expenditure Savings (-) Grant// 1 Revenue - Railway Board Voted 1700000000 90100000 1790100000 1788257764 -1842236 2 Revenue - Miscellaneous Expenditure (General) 3 Voted 6000000000 1000000000.....................

Chapter 2 Appropriation Accounts This Chapter outlines IR financial accountability and budgetary practices through audit of Appropriation Accounts. Railway Budget is an instrument of Parliamentary Financial Control and at the same time, an important management tool. Parliamentary Financial.....................

Policy formulation and overall control of the Railways is vested in Railway Board comprising of the Chairman, Financial Commissioner and other functional Members. The IR system is managed through 17 zones having 68 operating divisions. Apart from the zonal railways representing the.....................

Chapter 1 State of Finances Chapter-1 State of Finances This chapter provides a broad perspective of the finances of the Indian Railways (IR) during 2010-11 and analyses critical changes in the major financial indicators relative to the previous year as well as the overall.....................