Audit Reports

equity and fairness are reviewed, examined and audit observations thereon are reported by CAG in the various Audit Reports including Reports on the performance of selected critical activities/aspects of Public Sector Undertaking with suitable recommendations. 3.2 Corporate Governance Policy The......

The Board approves the topics recommended for performance audit. It also approves the guidelines, audit objectives, criteria and methodology for conducting performance audits. The Board finalises the stand alone performance audit reports after discussions with the representatives of the......

 Report No. 2 of 2010-11 (-\\ CHAPTER I FINANCIAL PERFORMANCE OF CENTRAL PUBLIC SECTOR UNDERTAKINGS \\_____) 1.1 Introduction This Report presents the financial performance of the Central Public......

Report No. 2 of 2010-11 EXECUTIVE SUMMARY I. Financial performance of Central Public Sector Undertakings As on 31 March 2010, there were 451 Central Government Public Sector Undertakings (CPSUs) under......

The observations on regularity, economy, efficiency and effectiveness of Government spending are incorporated in Compliance and Performance Audit Reports being presented separately to the Parliament. 2.1 Non-inclusion of statements/information recommended by Twelfth Finance Commission in the......

/-\ Chapter 3 V_/ Resources: Trends and Composition 3.1 An important pre-requisite to appreciating the performance of the Union Government is a complete grasp of the resource position, as the quantum of resources in any particular fiscal year......

Saving of? 100 crore or more 7.4 Saving in a grant or appropriation indicate either deficient budgeting or shortfall in performance or both. Savings of more than 100 crore, which need a detailed explanatory note to the Public Accounts Committee (PAC), occurred in 66 cases of 51 grants......

(A detailed analysis of these imbalances is given in Chapter 5 of this Report). 1.3 Performance in the current year on key financial parameters in comparison to recommendations of the Xll Finance Commission In November, 2004, the XII Finance Commission recommended achievement of certain......

Figures are continually being revised by CSO and this data is meant for an indicative comparison of fiscal performance with macro- economic performance. Note: Figures indicating relative shares have been rounded off to the nearest integer and hence, the total may not always add to 100. Table 4.1......

(Para 7.1) Savings in a grant or appropriation indicate either deficient budgeting or shortfall in performance or both. During 2009-10, savings of more than 100 crore had occurred in 66 cases of 53 grants (including Civil, Posts, Railways and Defence Services). The aggregate savings in......

DEEC Duty Free Entitlement Credit Certificate DFECC Duty Free Replenishment Certificate DFRC Export obligation EO Export Oriented Unit EOU Export Performance EP Export Promotion Capital Goods EPCG Export Processing Zone EPZ Free on Board FOB Foreign Trade Policy FTP Hand Book of Procedures HBP......

Report No. and Para No. Subject Year 35. No. 6 of 2005 3.2* Recoveries/savings at the instance of Audit 36 No. 18 of 2005 Standalone Performance Audit of the (Performance Audit) Report** Directorate General of Quality Assurance (jjj) Pending more than 3 years upto 5 years 37. Report No. 4 of 2007......

The imported equipment was trial evaluated along with DRDO equipment, in October 1997. Army HQ, in August 1998 indicated that the performance of the imported equipment was superior to the equipment developed by DRDO in terms of both reliability and technology. It recommended that the project be......

No. 24 of 2011-12 (Defence Services) CHAPTER VIII: ORDNANCE FACTORY ORGANISATION 8.1 Performance of Ordnance Factory Organisation 8.1.1 Introduction The Ordnance Factory Board (OFB) functions under the administrative control of the......

for climatic and durability test which included immersion test along with other tests, i.e., field of view, magnification and range for night performance. Meanwhile, without waiting for the comments of CQA(I), PDI team inspected the store at vendor premises from 29 April 2008 to 5 May 2008......

(Paragraph 6.3) Performance of Ordnance Factory Organisation The Ordnance Factory Organisation comprising 39 Ordnance Factories with manpower of 99374 is engaged in production of arms, ammunition, equipment, clothing etc. primarily for the Armed Forces of the country. The value of production......

across all Zonal Railways Commercial Utilization of Surplus Railway Land’ in Indian Railways - Despite the concerns expressed by the PAC, the performance of the Indian Railways in safeguarding its title to land and ensuring proper maintenance of land records continued to remain......

This study was, therefore, undertaken to ascertain pre-cind post-procurement performance of COFMOW vis-a-vis Zonal Railways in respect of selected Machinery and Plant (M&P) items procured during the period from 2008-09 to 2010-11. The study revealed delay up to a maximum of 25 months in......

In particular, the Report explores the performance/implementation issues of nine selected themes as briefly highlighted in Para 1.4. The detailed audit findings are presented department-wise from Chapters 2 - 6 to enable better clarity in terms of accountability of the audited entity, both the......

The performance ofpilot project for installation of ACD over Northeast Frontier Railway (NFR) was reported to Parliament (Report No. 26 of2008-09 tabled on 24 July 2009). Railway Board in their reply had stated that ACD was successfully implemented on trial basis on Northeast Frontier......

Compliance Audit Report, Performance Audit Report and a Report on ‘Railways Finances’ for submission to the President under Article 151 (1) of the Constitution of India. This volume ‘Compliance Audit Report’ contains 16 audit observations arising out of test audit of financial......

Report No. 2 of 2010-11 (-\ CHAPTER I FINANCIAL PERFORMANCE OF CENTRAL PUBLIC SECTOR UNDERTAKINGS \_____) 1.1 Introduction This Report presents the financial performance of the Central Public......

across all Zonal Railways Commercial Utilization of Surplus Railway Land in Indian Railways - Despite the concerns expressed by the PAC, the performance of the Indian Railways in safeguarding its title to land and ensuring proper maintenance of land records continued to remain......

PREFACE The Report for the year ended 31 March 2011 has been prepared in three volumes viz. Compliance Audit Report, Performance Audit Report and a Report on ‘Railways Finances’ for submission to the President under Article 151 (1) of the Constitution of India.......

the machine and modification in the table to facilitate loading/ unloading of components 75 SER Horz Boring M/c (07-08) DyCME 16.04.2010 22.06.2010 Performance of machine 519.65 (Prod)/KGPW was not at par with the parameters as mentioned in A.T. 76 SER Universal AJTB Lathe(07-08) DyCME......

Based on the performance of the system during laboratory evaluation, IAF accepted the INCOM airborne radio sets in 1996 and signed a contract with M/s HAL in March 1997 for supply of “X” number INCOM sets for aircraft “A” at a total cost of 70.89 crore. HAL sought more concessions in......

(iii) The supply order placed on M/s Skytech in September 2005 inter alia also provided for depositing of Performance Bank Guarantee (PBG) by the supplier @10 per cent of the total cost of the order i.e 32 lakh. In February 2006, the firm requested for allowing them to submit PBG for a value of......

eight years after initiating the procurement process. Post commissioning, the performance of the radar has been erratic. (Paragraph 2.5) VI Delay in procurement of urgent aviation stores through Indian Embassies Procurement of critical and urgent aviation stores/spares through Indian......

State Insurance Corporation released the amount of encashed bank guarantee of a firm, whose work contract had been withdrawn on account of poor performance, resulting in irregular payment of' 65 lakh to the firm. Employees' State Insurance Corporation (ESIC) entered (November 2008) into an......

State Insurance Corporation released the amount of encashed bank guarantee of a firm, whose work contract had been withdrawn on account of poor performance. This resulted in irregular payment of ' 65 lakh to the firm. (Paragraph 7.1) Ministry of Micro, Small and Medium Enterprises Khadi and......

due to delay in deciding the site of one of the MDs by the MPT. The original w ork order was terminated due to unsatisfactory performance of the contractor in December 2009 and the balance work tendered and awarded to another contractor at the risk and cost of the original contractor in......

Sound treasury management system existed Audit criteria The following criteria were used to assess performance of PFC for the period under scope: Operational Policy Statement of PFC PFC’s internal guidelines relating to mobilization of funds Annual Resource Mobilisation P Ians of......

the marketing and sales activities relating to DME of the Company for the period 2006-07 to 2009-10 focusing mainly on marketing strategy, sales performance, pricing, appointment and performance of dealers. Audit Objectives Audit was carried out to assess: Whether target fixed for sales......

Hence strategically the performance of BSNL is mainly dependent on its landline telephony. Although BSNL has diversified into mobile services its basic telephone service still continues to be a major revenue earning service. As against the overall income of 31,074 crore (2009-10), income from......

Audit observed that performance of the Company could further improve by strengthening its system and ensuring compliance thereof as discussed below. The Management stated (September 2010) that in view of high percentage of pendency in various offices, a claim review committee was constituted in......

The scope for assessing consultant’s performance is limited to the amount of claims made against the actual exports in the locations assigned, as no correspondence was made available between the Company and the consultant for assessing the qualitative aspects. Audit objectives The main audit......

for the years 2001-04 were earlier reviewed during the period from June 2005 to June 2006 and the findings were included in the C & AG’s Performance Audit Report on Management of Foodgrains (Report no 16 of 2006, Union Government (Civil) Performance Audit). The audit recommendations......

Further, as per Article 5.2 (b) (ii), DIAL shall also be liable for performance of all work- in- progress at the airport and shall be liable for making all payments in respect of all capital work-in- progress at the airport from 30 August 2005. The payments shall be made by DIAL to AAI within......

11 of 2007 Compliance Audit Observations Para 3.1.1 Department of Ferl tilizers 1. PA 9 of 2008 Performance Audit on working of Paras 1.7.1.1, 1.7.1.2, 1.7.2, Udyogmandal Division of FACT 1.7.3.1, 1.7.4.1, 1.7.5.1, 1.7.5.2, Limited. 1.7.5.3, 1.7.5.4, 1.7.5.5, 1.7.5.6, 1.7.5.7, 1.7.6,......

Audit Criteria The performance of HUDCO was assessed against the following criteria: Govt, of India directives and HUDCO targets set for UI lending Guidelines of National Housing Bank (NHB) Codal provisions and guidelines of HUDCO for lending. Audit Methodology Out of total 560......

The Board approves the topics recommended for performance audit. It also approves the guidelines, audit objectives, criteria and methodology for conducting major performance audits. The Board finalises the stand alone performance audit reports after discussions with the representatives......

Financial Performance Working results of the Division for the last three years ended 31 March 2010 are indicated in the (Annexure-V). The turnover and profit of the Division has shown an increasing trend, which was due to good order book position and execution of order. Production Performance......

The Company could improve its performance and achieve better results by taking corrective action on the audit findings discussed in the succeeding paragraphs: 8. 1.1 Marketing/sales functions: Efficiency and cost effectiveness: 8.1.1.1 Under recovery of marketing cost As per New Pricing Scheme......

Enterprises (CPSEs) and assists in policy formulation pertaining to the role of CPSEs in the economy as also in laying down policy guidelines on performance improvement and evaluation, financial accounting, personnel management and in related areas. Accordingly, DPE issues from time to time......

of floating tenders for EOI from the prospective BAs, stated that the Company continued iron ore trade with the existing BAs considering their past performance, credibility etc., who were responsible for identifying the overseas buyers and suppliers of * Strength, Weakness, Opportunities and......

XVI: DEPARTMENT OF SHIPPING Dredging Corporation of India Limited 16.1 Delay in acquisition of trailer suction hopper dredgers and its impact on the performance of the Company Introduction Dredging is primarily of two types, namely, maintenance dredging, which is a regular activity that ensures......

As the petrochemical complex of ONGC was scheduled for completion by December 2012, the Company had to obtain the extended process performance guarantee for the plant and till December 2010 and an expenditure of 2 20.19 crore has been incurred on this account. Consequently, the C2C3 plant......

156435 158955 968.08 54497 35922 1044.13 2009-10 227924 222216 909.81 60205 31175 1003.23 Source: Data relating to number of claims extracted from Performance appraisals of the Company and relevant values obtained from annual accounts of the Company. B. Divisional Offices selected No. of Claims......

Washed coal fetches higher price than raw coal. Since inception, the Rajrappa Washery suffered shortage of raw coal due to poor production performance of the linked Rajrappa Coal Project. To meet the shortage, other coal producing projects1 (OCPs) were linked to the Washery since May 2002 and......

1.4 Planning and conduct of Audit The audit effort can be classified under three distinct types of audits: Financial Audit, Compliance Audit and Performance Audit. 2 Includes Department of Space 1 Audi 1 of (i) all expenditure from the Consolidated Fund of India, (ii) all transactions......

Audit Report No. 17 of 2005 on Performance audit of Property Management by Ministry of External Affairs (MEA) inter alia revealed the following two instances: A. Disposal of GOI owned properties: EOI Bangkok17 Brief of para Action taken Note submitted by PAC’s views on the matter MEA purchased......

a Linac tube A Linac tube was developed for Solid Propellant Space Booster Plant of Satish Dhawan Space Centre, Sriharikota in March 2002 to improve performance of the existing 15 MeV Linear Accelerator system. Despite availability of idle time of the main system, the Linac tube was not installed......

a Linac tube A Linac tube was developed for Solid Propellant Space Booster Plant of Satish Dhawan Space Centre, Sriharikota in March 2002 to improve performance of the existing 15 MeV Linear Accelerator system. Despite availability of idle time of the main system, the Linac tube was not installed......

On being pointed out by audit, a proposal to amend the SSA for payment of 10 per cent on (FOB) value was forwarded to the Administration (September 2008) which is yet to be approved. The fact remains that, due to ignoring the conditions provided in the SSA. the DSS had made an over payment......

Monitoring the performance of the PSBs, Public Sector Insurance Companies and DFIs Policy formulation in respect of Non-Banking Financial Companies, Private banks and foreign banks. Support to regulatory authorities i.e. RBI, IRDA, PFRDA, NHB and NABARD. 9. Ministry of Health and Family......