Audit Reports

The accounts of Government companies are audited by Statutory Auditors appointed by CAG. These accounts are also subject to supplementary audit conducted by CAG. Audit of Statutory corporations is governed by their respective legislations. As on 31 March 2010, the State of West Bengal had 72.........

payment of interest on cash credit account The department finances the procurement operations through a cash credit (CC) arrangement extended by SBI. Interest at prevailing rates on the 4 Expenditure on Secretariat and General Services, Social Security and Welfare, Food Storage and.........

specific order and kept deposited in the Savings Bank Account as of May 2009 in the name of “Regional Disease Diagnostic Laborator y, Kolkata” at SBI, Paikpara Branch, which was irregular. Prolonged retention of public funds by DDOs without adjustment by submission of DC bills is fraught with.........

The rates of interest on deposits were to be revised in tandem with the rates being offered by SBI. It was noticed (September 2008) in audit that the Corporation accepted fixed deposits (FDs) of Rs. 3.58 crore from the public for a period of 36 to 60 months during May 2003 to February 2004..........

Possible yield (%) Basis of possible yield Difference in yield (%) Loss of interest due to difference in yield (`) 5 CSO 22615 30/01/2008 395 days SBI 8.75% 60000000 65895312 9.83 10.32 CSO FD No. 644956 for ` 50000000 on 30/01/2008 with UCO Bank for 1 year @ 9.20% with maturity value of `.........

This Report contains 17 paragraphs and two performance audits i.e., 'Working of Punjab State Warehousing Corporation' and 'Micro Hydel Projects in Punjab' involving controllable losses/ avoidable expenditure to the extent of RS 1,906.28 crore due to ...

and date Name of lessee Market value Market value adopted SD and RF Short levy of SD and RF Leviable Levied 1 Shri Madhopur 392/ 21.1.09 SBI, Reengus 64,00,710 3,16,440 5,37,057 9,500 5,27,557 2 Jodhpur-II 3837/ 16.03.09 SBBJ, khanda falsa, Jodhpur 89,55,298 5,65,323 7,41,424 16,970 7,24,454 3.........

Through this electronic system, consolidated fee can be deposited at any branch of SBI across the country w.e.f. 15-9-2010. For monitoring of implementation of project a Deputy Transport Commissioner (Modernisation) has been appointed as nodal officer. Along with the Department, State.........

of 65.99 crore was withdrawn during 2011- 12 and paid to Commerce and Industries Department ( 40.98 crore for repayment of balance loan raised from SBI Capital Market for purchase of land and 0.46 crore for payment of salary of employees of two sick companies) and Energy and Power Department (.........

The Report contains 20 audit paragraphs (including 4 general paragraphs), 3 performance reviews and an Integrated Audit of the Forest Department. The draft audit paragraphs and draft performance reviews were sent to the Secretary of the Departments...