Audit Reports

ENERGY CLUSTER \ Report No. 14 of 2021 1 Coal India Limited 1.1 Avoidable payment towards hangar rent due to retention of inoperative helicopter and aircraft for over eight years Coal India Limited procured a helicopter (1991) and an aircraft (1993),...............

2 SHG PGC B Power Turbine 100,000 175,594 Compressor 50,000 180,425 3 SHG PGC C Power Turbine 100,000 188,810 Compressor 50,000 61,784 4 SHG PGC D Power Turbine 100,000 124,734 Compressor 50,000 100,853 5 SHG PGC E Power Turbine 100,000 170,270 Compressor 50,000 66,517 6 SHG PGC F Power...............

Report No. 14 of 2021 69 CHAPTER VII: MINISTRY OF STEEL MSTC Limited 7.1 Imprudent financing resulting in non-recovery of dues Financing of procurements by MSTC Limited on behalf of a party having poor credit rating as well as unfavorable financial parameters resulted...............

INFRASTRUCTURE CLUSTER Report No. 14 of 2021 93 CHAPTER IX: MINISTRY OF CIVIL AVIATION Airports Authority of India 9.1 Loss of revenue due to inadequate assessment of electricity load Inadequate assessment and delay in arrangement of re quired electricity load at Goa Airport...............

2. The Report contains 42 individual observations relating to 32 Central Public Sector Enterprises (CPSEs) under 10 Ministries/ Departments. These Ministries/ Departments have been further grouped in the Audit Report under three Clusters namely, Energy, Industry and Infrastructure. There...............

14 of 2021 35 CHAPTER IV: MINISTRY OF FINANCE (Department of Financial Services) \001 India Infrastructure Finance Company Limited 4.1 Doubtful recovery of loan and interest India Infrastrucutre Finance Company Limited, under consortium lending, disbursed a loan of ` ` ` `470 crore to Essar...............

Report No. 14 of 2021 52 CHAPTER V: MINISTRY OF HEAVY INDUSTRIES Bharat Heavy Electricals Limited 5.1 Avoidable loss due to laxities in supply of Alternate Current Electrical Multiple Units B harat Heavy Electricals Limited suffered a loss of ` ` ` `13.69 crore due...............

Highways Authority of India 10.1 Retention of extraneous clause in Concession Agreements of four laning BOT (Toll) projects N HAI failed to levy damages of ` ` ` `12.36 crore on the concessionaires in two contracts f or delays in fulfillment of conditions precedent, as NHAI had also delayed...............

the statutory auditors in case of a Government company or Government controlled other company are to be appointed by the CAG within a period of 180 days from the commencement of the financial year. The statutory auditors of these companies for the year 2019- 2020 were appointed by the CAG during...............

Managers (BRLMs), Legal Advisers ; (v) Presentation by BRLMs before High Level Committee (HLC 48) on valuation; (vi) Recommendation by HLC on price band/ floor price to Empowered Group of Ministers 49 (EGoM), taking into consideration the recommendation of the BRLMs ; and (vii) Approval by EGoM...............

Report No. 8 of 2021 (Direct Taxes) 27 Chapter III: Corporation Tax 3.1 Introduction 3.1.1 This chapter discusses 356 high value corporate cas es (refer para 2.3) involving 368 assessments and total tax impact of ` 12,476.53 crore 48 which were...............

CHAPTER–1 OVERVIEW 1 Chapter 1: Overview 1.1 Profile of the State Haryana is located near the National Capital. Out of 22 districts of Haryana, 14 are part of the National Capital Region. It is the 21 st largest State in terms of geographical area (44,212 sq km) and 18...............

Compliance with financial rul es, procedures and directives as well as the timeliness and quality of reporting on the status of such compliance is, thus, one of the attributes of good governance. Reports on compliance and controls, if effective and operation al, assist the Government in meeting...............

31 CHAPTER III: STATE EXCISE 3.1 Tax administration The Additional Chief Secretary to the Government of Haryana, Excise and Taxation Department, is the administrative head at Government level and the Excise and Taxation Commissioner (ETC) is the head of the D epartment. The ETC is...............

Enterprises (other than power sector) under the audit jurisdiction of the CAG, which include 23 Government companies, two statutory corporations an d six Government controlled other companies. Of these, financial performance of 25 SPSEs is cove red in this report and the nature of these SPSEs is...............

These included 28 Government Companies, six G overnment Controlled Other Companies and two Statutory Corporations. Thi s Report deals with 26 Government Companies and Corporations (including tw o Statutory Corporations), three Government Controlled Other Co mpanies; seven SPSEs (including three...............

Acquisition, Resumption and Direct Purchase . Acquisition 3.1.1 Land is acquired under the provisions of the Land Acquisition Act, 1894 (LAA), and the Uttar Pradesh Land Acquisition (Determination of Compensation and Declaration of Award) Rules, 1997 (Karar Niyamawali) . The Government of...............

of Properties 5.3 Allotment of Institutional P roperties Introdu ction 5.3.1 The NOIDA (Preparation and Finalisation of Plan) Regulations, 1991 define s “institutional use ” under clause 2 (f) as use of any land/building or part thereof for carrying on activities like testing, research,...............

Thes e rules defi ne three types of co mmercial properties sold by NOIDA i.e. built -up shops, actual users ’ plot s and builder s’ plots. Commercial wing of NOIDA deals with allotment of commercial plots and follow -up of the post allotment compliances. The Planning wing of NOID A is...............

Uttar Pradesh (GoUP ) notified (2 January 1992) NOIDA (Agriculture Use Zone) Area Regulations , 1991 wherein the concept of farm house was formally defined for NOIDA. It provided that farm house means a plot of land in the area demarcated for agriculture use by NOIDA . The Regional Plan (RP)...............

– V (5.4) Allotment of Industrial Properties CHAPTER -V 5.4 Allotment of Industrial Properties Introduction 5.4.1 The main objective of NOIDA is to develop industrial area s for which industrial plots are allotted by the Authority . A llottees have to establish industrial units within the period...............

EXECUTIVE SUMMARY Executive Summary Introduction The Government of Uttar Pradesh (GoUP) constituted the New Okhla Industrial Development Authority (NOIDA) in April 1976 under Section 3 of the Uttar Pradesh Industrial Area Development (UPIAD) Act, 1976 with the object of c...............

1 Agra, Bareilly, Kanpur Nagar, Lucknow, Meerut and Varanasi. 2 Agra, Aligarh, Azamgarh, Banda, Bareilly, Basti, Faizabad, Ghaziabad, Gonda, Gorakhpur, Jhansi, Kanpur Nagar, Lucknow, Meerut, Mirzapur, Moradabad, Prayagraj, Saharanpur and Varanasi. 3 This includes office of Principal...............

The Commissioner, Comme rcial Tax (CCT), Uttar Pradesh is the head of the Commercial Tax Department. He/she is assisted by 100 Additional Commissioners, 157 Joint Commissioners (JCs), 494 Deputy Commissioners (DCs), 964 Assistant Commissioners (ACs) and 1,275 Commercial Tax Offic ers (CTOs)................