Audit Reports

The policy was co-insured with the United India Insurance Company Limited and Tata AIG General Insurance Company Limited to the extent of 40 per cent and 10 per cent respectively. As a result of a fire at the Tata Motors Car Plant Paint Shop, Pune on 21 September 2006, TML lodged (September 2006)......

condensate at a bench marked condensate price; All the details of the ‘settlement agreement’ were informed to the Ministry and Directorate General of Hydrocarbons (DGH) by the PMT-JV in January 2006; The valuation of Tapti condensate was derived from the provision of PSC which......

Act (including Companies deemed to be Government Companies as per the provisions of the Companies Act) are audited by the Comptroller and Auditor General of India (C&AG) under the provisions of Section 619 of the Companies Act. 1956. The accounts certified by the Statutory Auditors (Chartered......

in India and facilities like Stores, Tools & Spares, Quality Control and Expatriate Engineers were individually required to be approved by Director General of Civil Aviation (DGCA), which could be done after arrival of first aircraft. These aircraft were leased from third parties and......

The payment of ex-gratia by 21 PSUs to their ineligible employees was pointed out earlier in 10 Comptroller and Auditor General of India’s Audit Reports (Commercial)* of earlier years from 1994 to 2004. However, no action was taken by these companies. The * Reports of the Comptroller and......

Report No. 9 of2009-10 -\ CHAPTER XXI V_ Follow-up on Audit Reports (Commercial) Audit Reports of the Comptroller and Auditor General of India (C&AG) represent the culmination of the process of scrutiny starting with initial inspection of accounts and records maintained in......

BA Business Associates BAP Boiler Auxiliaries Plant BOD Board of Directors BOO Build Own Operate BOOT Build Own Operate Transfer CGMT Chief General Manager Telephones CIDCO City Industrial Development Corporation of Maharashtra Limited CMBS Contributory Medical Benefit Scheme CMPF Coal......

Following this, the Director General of Shipping reviewed the remaining 30 OSVs and observed that the OSVs were being operated without valid statutory certificates and, therefore, withdrew (July 2007) the Document of Compliance of the contractors. Subsequently defects were revealed in the......

who are paid incentive as per piece rate incentive scheme, in addition to their wages, in case the work rendered by labour on a given day exceeds the general norms of output2 fixed by the FCI. The incentive scheme also provides that the Sardar and the Mandal should be paid incentive equal to the......

Neyveli Lignite Corporation Limited (Company) delegated (December 2000) powers to the Committee of General Managers (Committee) to recommend investment of funds in commercial bank(s) up to one-year without specifying the total amount up to which the Committee could invest. Audit scrutiny......

Clause C- 9 of contracts of sale provided for pre-shipment inspection by SGS (inspecting agency) or any certification agency approved by Directorate General of Foreign Trade (DGFT) of India, who will conduct the pre-shipment inspection 1 In third country exports goods are shipped from one foreign......

No. 11 of 2008 Compliance Audit Observations Paras 10.1.1, 10.1.2, 10.1.3, 10.4.1, 10.5.1, and 16.1.1 9. PA 15 of 2008 General Insurance Companies Paras 2.3, 2.4, 2.5, 2.6, 2.7, 2.8, 2.9, 2.10, 2.11, 2.12, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11, 3.12, 3.13, 3.14, 3.15, 3. 16(a), (b), (c), (d), (e),......

TDM Munger 12 April 2001 to March 2009 62.40 0.00 62.40 Sub-Total 347.03 58.47 288.56 Madhya Pradesh telecom circle 1. General 119 March 2000 to October 248.45 0.00 248.45 Manager 2008 Telecom District Indore Sub-Total 248.45 0.00 248.45 Maharashtra telecom circle 1. Khamgaon 638 April 2005 to......

Report No. 12 of2009-10 - Union Government (Indirect Taxes - Central Excise) r CHAPTER I \ V CENTRAL EXCISE RECEIPTS J 1.1 Budget estimates, revised budget estimates and actual receipts The budget estimates, revised estimates and actual receipts of ...

Audit of Revenue Receipts - Indirect Taxes of the Union Government is conducted under section 16 of the Comptroller and Auditor General of India (Duties. Pow ers and Conditions of Sen ice) Act. 1971. Tire report presents the results of audit of receipts of central excise duties. The......

2.71 crore pertaining to the period from September 2003 to May 2006 by raising supplementary invoice to M/s General Motors India Pvt. Ltd.. Halol (Gujarat) on account of price variation of raw material on 14 July 2006 but interest leviable thereon from 1 October 2003 to 14 July 2006 was not......

New Delhi (SUBIR MALLICK) Dated : Principal Director (Indirect Taxes) Countersigned New Delhi (VINOD RAI) Dated : Comptroller and Auditor General of India 41......

1956. the annual audited accounts of every Company for the financial year are to be laid before the shareholders at its Annual General Meeting (AGM) to be held each year. According to Section 224 of the Companies Act, 1956 the statutory auditor holds office from the conclusion of one AGM until......

Act (including Companies deemed to be Government Companies as per the provisions of the Companies Act) are audited by the Comptroller and Auditor General of India (C&AG) under the provisions of Section 619 of the Companies Act. 1956. The accounts certified by the Statutory Auditors (Chartered......

1.1.2 Audit of government companies (including deemed government companies) is conducted by the Comptroller and Auditor General of India (C&AG) under the provisions of Section 619 of the Companies Act. 1956 read with Section 19 of the C&AG's (Duties, Powers and Conditions of Sen ice) Act.......

New Delhi (SUNIL VERMA) Dated: Deputy Comptroller and Auditor General and Chairman, Audit Board Countersigned New Delhi (VINOD RAI) Dated: Comptroller and Auditor General of India 59......

As on 31 March 2009, there were 438 central government Public Sector Undertakings (PSUs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 321 government companies, 111 deemed government companies and six statutory corporations. This report deals with......

When the GC work was going on in Phase I, in view of proposed early closure of this MG section, General Manager instructed (August 2006) not to undertake the sanctioned complete track renewal (CTR) work and go for casual renewals on condition basis only. In Phase II, Railway initiated (May 2006)......

All routes except a few routes were declared fit for CC+6+2 loaded wagons. The General Managers of the Zonal Railways were directed to obtain the sanction of Commissioner of Railway Safety (CRS) for running of CC+8+2 loads on the various routes within three months of the issue of the......

(June 1960) to send replies to Draft audit Paragraphs (Provisional Paragraphs) proposed for inclusion in the Report of the Comptroller and Auditor General of India within six weeks from the date of issue. For this Railway Audit Report, 90 Provisional Paragraphs were issued. Reply to 30......

of claims on ‘excepted matters’ in violation of the contractual provisions resulted in an avoidable expenditure of Rs.6.76 crore As per General Conditions of Contract (GCC), 1979 and 1998, all disputes and differences arising out of contracts and specifically falling under the......

71,839.30 crore rose by 31.91 per cent over the year 2007-08. The net revenue surplus of Rs.4,456.78 crore after payment of dividend to General Revenues declined by 66.82 per cent over the previous year. (Para 1.2). Net effective rate of dividend after setting off the subsidy from the......

When the supplier furnished (April 2004) the General Arrangement Drawing (GAD), Workshop Administration sought for (August / November 2004) angle iron DSL instead of shrouded type DSL. The change was sought for quoting the frequent failures experienced in the shrouded type DSL provided in Paint......

The Directorate of Estates, Government of India, (DOE) prescribed the rates of licence fee recoverable from banks and post offices operating from general pool accommodation with effect from 16 March 1999. The rates were revised on 1 April 2002 and 1 April 2005. Indian Institute of Technology,......

The final ATNs in respect of 111 paragraphs, which were under correspondence, were awaited. New Delhi (A.K. PATNAIK) Dated: Director General of Audit COUNTERSIGNED New Delhi (VINOD RAI) Dated: Comptroller and Auditor General of India 68......

The results of test audit of the financial transactions of the Central autonomous bodies under the various provisions of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971 are set out in this Report. This Report includes 41 paragraphs. The audited......

Report No. 23 of2009-10 OVERVIEW ._. General Annual accounts of autonomous bodies In 2008-09, there were 292 Central autonomous bodies whose accounts were to be certified under Sections......

Ministry, in its reply, stated (August 2009) that the estimates were prepared on the basis of general survey of the site and that site conditions got changed at the time of actual execution of work with the passage of time. The reply further added that the site conditions were beyond......

Report No. 23 of2009-10 APPENDIX -1 (Referred to in paragraph 1.1.1) Grants/loans released from 2004-05 to 2008-09 to Central autonomous bodies audited under Sections 19(2) and 20(1) of CAG’s (DPC) Act, 1971 ______(Rupees in lakh) SI. No....

6 lakh92. New Delhi (REBECCA MATHAI) Dated: Principal Director (Direct Taxes) Countersigned New Delhi (VINOD RAI) Dated: Comptroller and Auditor General of India 91 Wealth of Rs. 61.94 lakh assessed in August 2004. 92 The department has not accepted the audit observation in this summarily......

2885-Other Outlays on Indusnies and Minerals 1227.39 1371.81 89 13. 3053-Civil Aviation 712.78 741.86 96 14. 3475-Other General Economic Services 275.05 459.68 60 15. 4070-Capital outlay on Other Administrative Services 354.64 357.64 99 16. 4216-Capital Outlay on Housing 703.07 1323.51 53......

2007-08 1021.97 373.29 648.68 Delay in shipment of equipments from Moscow Surrender of savings 9.5 According to the provision of Rule 56(2) of the General Financial Rules, savings in a grant or appropriation are to be surrendered to the Government as soon as these are foreseen, without waiting......

Further, General Financial Rule (GFR) 52(3) stipulates that no disbursements be made which might have the effect of exceeding the total grant or appropriation authorised by Parliament for a financial year' except after obtaining a supplementary grant or an advance from the Contingency Fund.......

Union Government Finances and Accounts: 2008-09 This Report discusses the comments of the Comptroller and Auditor General of India on the accounts of the Union and also analyses the finances of the Union Government for the year 2008-09. It also contains an......

by the Government to stimulate demand, including reduction in custom duties on mineral oils, edible oils, fuels and project imports; reducing the general CENVAT rate on all goods from 16 to 14 per cent, etc. Consequently, revenue receipts of the Union Government increased only marginally by......

Other Economic Services 25549 140048 11.22 Advances (-) 1307 (-19817 13.43 Total Economic Services 154197 472151 7.24 Contingency Fund 50 500 15.48 General Services & Others 39160 369048 15.05 Availability of Funds 391321 2566541 12.47 Loans to States 91554 144805 2.91 Resource Gap (-) 100358......

21.14 14.70 XI Plan (2007-12) 2007-08 11.64 11.31 16.66 (-) 4.42 19.65 9.12 2008-09 37.47 61.69 11.44 22.50 14.45 55.51 * includes Miscellaneous General Services (expenditure on running the Government departments) ** Notes: 1) The expenditure on pay and allowances up to 2001-02 is as per the......

7.2 The Controller General of Accounts (CGA) prepares the Appropriation Accounts in respect of 98 grants and appropriations of Civil Ministries. The Ministries of Defence, Railways and the Department of Posts prepare the Appropriation Accounts of their respective grants. The Comptroller and......

The table also indicates that fresh liabilities are being created at a faster rate than assets. New Delhi (A. K. PATNAIK) Dated Director General of Audit, Central Expenditure Countersigned New Delhi (VINOD RAI) Dated Comptroller and Auditor General of Tndia 144......

For these reasons, revenue deficit is considered generally less desirable. Trends in revenue deficit and some of its key parameters are indicated in Table 5.1. Table 5.1: Revenue Deficit and its parameters ____(Rupees in crore) Revenue Revenue Revenue Revenue Deficit as per cent of Period......

efficiently and productively for capital expenditure, which either provides returns directly or results in increased productivity of the economy in general, which may result in increase in government revenue. The Eleventh Finance Commission (EFC) suggested that debt sustainability could be......

addition, this chapter includes issues of non-adherence/non-implementation of rules contained in the Indian Railway Code for Engineering Department, General Conditions of Contracts and other rules/orders issued by Railway Board. Report No. 34 of 2010-11 (Railways) 75 Chapter 3 Engineering - Open......

South East Central Bilaspur 2,448 South Western Hubli 3,107 Western Mumbai 6,509 West Central Jabalpur 2,965 Total 64,015 Each Zone is headed by a General Manager who is assisted by Principal Heads of Departments namely Civil Engineering, Electrical, Mechanical, Stores, Accounts and Railway......

(ARVIND K. AWASTHI) New Delhi Deputy Comptroller and Auditor General Dated: Countersigned (VINODRA1) New Delhi Comptroller and Auditor General of India Dated: Report No34 of 2010-11 (Railways) J TsT......

addition, this chapter includes issues of non-adherence/non-implementation of rules contained in the Indian Railway Code for Engineering Department, General Conditions of Contracts and other rules/orders issued by Railway Board. A brief description of paragraphs included in these categories is......

the fact that the wagons procured under ‘Own Your Wagon Scheme’ or ‘Wagon Investment Scheme’ were required to be merged and operated in the general pool of Indian Railways. Since these wagons were returned by the Workshop for completion of de-gassing or for want of requisite certificate......

Chapter -1 INTRODUCTION This Report of the Comptroller and Auditor General of India relates to matters arising from audit of the transactions and performance of the Ministry of Environment and Forests. Ministry of......

Regulations on IPR It was further observed in audit that NBA constituted another Expert Committee headed by an Assistant Director General, Indian Council of Agricultural Research in November 2007 for developing regulations for approval of applications for IPRs and for benefits sharing......

Chapter 1, in addition to explaining the planning and extent of audit, provides a synopsis of general audit findings, the significant audit observations reported in Audit Reports, position of outstanding utilisation certificates, brief analysis of the expenditure of Ministry of Environment and......

The fact remained that work was done in only one out of six cities under the Ecocity programme and that too, partially. 4.1.8 General audit findings In addition to the specific city-wise audit observations discussed above, there were some common deficiencies observed in Ecocity programme......

23 Calculated at the rate of 10 percent for 5 years. Environment Audit Report 25 Report No. 17 of 2010-11 According to General Financial Rules 2005, in the event of the grantee failing to comply with the conditions or committing breach of the conditions ofthe bond, the signatories to......

Audit of Revenue Receipts - Indirect Taxes of the Union Government is conducted under section 16 of the Comptroller and Auditor General of India (Duties. Powers and Conditions of Service) Act. 1971. The Report presents the results of audit of receipts of service tax. The observations......

Report No. 29 of 2010-11 - Union Government (Indirect Taxes -Service Tax) ( \ CHAPTER II NON-PAYMENT OF SERVICE TAX V_) Service tax is levied on specified services. The rate of tax has been fixed at live per cent up to 13 May 2003. eight per cent...

the department admitted the audit observation and stated (December 2010) that the case had been referred to Director General of Central Excise Intelligence (DGCEI) to examine the issue whether there was short payment of service tax for the period prior to the period covered in audit......

New Delhi (SUBIR MALLICK) Dated : Principal Director (Indirect Taxes) Countersigned New Delhi (VINOD RAI) Dated : Comptroller and Auditor General of India 26......