Audit Reports

Majority of these CPSEs, including Maharatnas, Navratnas and Miniratnas are earning profit and have improved their financial performance over the years. In the context of the policy of the government to grant more autonomy to the CPSEs, Corporate Governance has become even more important. Under......

overall guidance to the Central Public Sector Enterprises (CPSEs) and act as a centralized coordinating unit facilitating continuous appraisal of the performance of CPSEs. In May 1990, BPE was conferred the status of a full-fledged Department and is now known as the Department of Public......

CHAPTER 1 Financial Performance of Central Public Sector Enterprises 1.1 Introduction This Report presents the financial performance of the Central Public Sector......

Report No. 2 of 2011-12 Executive Summary i. Financial performance of Central Public Sector Enterprises As on 31 March 2011, there were 466 Central Government Public Sector Enterprises (CPSEs) under the......

has been factored into the MOU parameters, the Administrative Ministries/ DPE should now ensure that the CPSEs set their own targets to assess its performance under CSR and the performance of these companies is monitored on a regular basis. 6.4 Shortfall in CSR Budget/expenditure by CPSEs......

Purpose Financial Reports of Central Public Sector Enterprises (Compliance Audit) Contents Pages Preface iii Executive Summary v chapter i Financial performance of Central Public Sector Enterprises 1.1 Introduction 1 1.2 Investment in government companies and 3 corporations 1.3 Return on......

Out of 336 Radar Warning Receivers (RWRs), only 73 (22 per cent) conld be integrated on the aircraft even after seven years of their procurement. Performance of the RWRs integrated was found largely unsatisfactory. As a result, most of these systems could either not be integrated or are to be......

Out of the total 336 systems, only 73 systems have been integrated. Even in the systems integrated, the performance was largely unsatisfactory. The systems are being integrated as an interim measure till development of an advanced system. (Paragraph 2.2) 111 Inordinate delay in induction of a......

February 2012 Devas files Statement of Claim before ICC seeking either performance of the agreement by Antrix, or a compensation of USD 1.6 billion ( 8240 crore) plus interest at a rate to be decided by the tribunal, cost and attorney's fees etc. Report on hybrid satellite digital multimedia......

Devas filed a statement of claim before the International Chamber of Commerce in February 2012, wherein it sought either performance of the agreement by Antrix, or a compensation of USD 1.6 billion 8240 crore14) plus interest at a rate to be decided by the tribunal, costs, attorney's fees......

Good governance is essential for ensuring proper performance, stewardship of public money and emergence of best outcomes. We have attempted to examine the Antrix- Devas agreement in terms of commonly-accepted benchmarks of good governance. The benchmarks of good governance have been outlined in......

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 Issue of transparency 2.1.1 Non-inclusion of statements/information in the Union Finance......

Further, saving in a grant or appropriation would be indicative of deficient budgeting as well as shortfall in performance. Savings of more than 100 crore, which need a detailed explanatory note to the Public Accounts Committee (PAC), occurred in 70 cases of 51 grants (including Civil, Posts,......

Against this backdrop, this chapter provides an analytical overview of the financial performance of the Union Government based on figures captured in the Finance Accounts. Table 1.1 summarises the position of the Union Government's receipts, disbursements and borrowings for the year 2010-11.......

Preface vii Highlights ix 1. Union Government Finances - An Overview 1-35 1.1 Introductory 1 1.1.2 Performance in the current year on key financial parameters in 3 comparison to recommendations of the Thirteenth Finance Commission 1.2 Resource Generation 3 1.2.1 Revenue Receipts 4 1.2.2 Gap......

(Para 3.9) Savings in a grant or appropriation is indicative of deficient budgeting as well as shortfall in performance. Savings of more than 100 crore had occurred in 70 cases of 51 grants (including Civil, Posts, Railways and Defence Services), requiring submission of detailed......

In addition, data from authentic government reports2 * have been used to compare actual performance of IR in 2010-11 vis-a- vis targets set by it. 1.1 Summary of Current Year's Fiscal Transactions Table 1.1 presents the summary of IR fiscal transactions during 2010-11 vis-a- vis the previous......

Thus, performance of IR and availability of balances in the fund accounts impacts planning of expenditure under this segment of the grant. Though appropriation between these sources of funds is not permissible, a combined Appropriation Accounts for these funds is prepared. Source-wise break-up......

Total reserve balances, declined by 68 per cent (by 10,623 crore) by the end of 2009-10 as compared to 2008-09. The financial performance of IR continued to be poor in 2010-11. During 2010-11, the gross traffic receipts increased by 8.71 per cent over the previous year. However, total revenue......

In addition, comments on general performance on the functioning of the Ordnance Factory Organisation for the financial year 2010-11 has also been included. 4 C/1 No. 16 of 2012-13 (Defence Sen’ices) 1.7 Persistent irregularities in Defence Estates management Cases of poor management of......

CA No. 16 of 2012-13 (Defence Services) CHAPTER VIII: ORDNANCE FACTORY ORGANISATION 8.1 General performance of Ordnance Factory Organisation 8.1.1 Introduction The Ordnance Factory Board (OFB) functioning under the administrative control of the......

regard which has been repeatedly brought out in our Reports (Para 3.5 of Report No CA 17 2008-09, Para 3.8 of Report No CA 4 of 2008, Para 2.4.10 of Performance Audit Report No. 4 of 2007, Para 3.3 of Report No 4 of 2007, Para 3.5 of Report No 6 of 2005 and Para 27 of Report 7 of 2001) erodes the......

However, mobility performance of the delivered systems was not up to the mark due to the eccentric loading of the launcher rails. It further stated that technological expertise and experience gained during the development led to successful development and delivery of some other system. Thus,......

(ENGINEERS) 7 Project Management in Research and Development 54 Establishment (Engineers) CHAPTER VIII - ORDNANCE FACTORY ORGANISATION 8.1 General performance of Ordnance Factory Organisation 68 8.2 Delay in production and issue of rockets for Pinaka Rocket 80 Launcher System by Ordnance......

This facilitated the usurpation of the land from the Army._ In the C&AG’s Performance Audit Report on ‘Defence Estates Management’ (Report No. 35 of 2010-11) it had been pointed out that there were large scale discrepancies in land records of the Defence Estates Officers (DEO) and that......

The expenditure proved unfruitful for the organisation. (Paragraph 6.2) Performance of Ordnance Factory Organisation The Ordnance Factory Organisation comprising of 39 Ordnance Factories with manpower of 98,914 is engaged in production of arms, ammunition, equipment, clothing etc. primarily......

Audit Para 19.1.1 11 of 2007 Compliance Audit Para 3.1.1 9 of2010 Compliance Audit Para 1.1.1 Ministry of Chemicals and Fertilizers PA 9 of 2008 Performance Audit on Working of Udyogmandal Division of FACT Limited 11 of 2008 Compliance Audit Para 9.2.1 24 of 2009 Compliance Audit Paras......

Audit Para 19.1.1 11 of 2007 Compliance Audit Para 3.1.1 9 of2010 Compliance Audit Para 1.1.1 Ministry of Chemicals and Fertilizers PA 9 of 2008 Performance Audit on Working of Udyogmandal Division of FACT Limited 11 of 2008 Compliance Audit Para 9.2.1 24 of 2009 Compliance Audit Paras......

Builder's norm of 2007-08 2008-09 2009-10 2010 11 Average of fuel consumption MoU Actual MoU Actual MoU Actual MoU Actual best performance {at Company's for 6 years operating level of norm consump-norm consump-norm consump-norm consump-ending up to 71)/kt rent tion rate tion rate tion......

Report No. 8 of 2012-13 CHAPTER XI: MINISTRY OF PETROLEUM AND NATURAL GAS v V Balmer & Lawrie & Company Limited 11.1 Performance of Tours and Travel Division 11.1.1 Introduction Balmer Lawrie & Company Limited (Company), a company under the Ministry of Petroleum......

It was, however, de-tariffed with effect from 1 January 2007 and insurers were given liberty to fix prices of products based on market competition. Performance of the Company in motor OD portfolio in the tariff period (2004-05 to 2006-07) and de-tariff period (2007-08 to 2010-11) is depicted in......

more units to a single vendor only further increases the risk; Though there is an apparent increase in cost, the financial implication of non¬ performance by a single agency would be much more for the Company; Executing all the units through a single agency would aggregate the risks and......

complex project, haying fixed delivery schedule coupled with unlimited scope for expansion, without having expertise for the same, failure to enforce performance of the consortium partner and absence of back to back payment clause with vendors led to blocking of 144.85 crore for more than four......

(ii) Award of the Contracts without considering the Past Performance of Contractors Audit observed that the Company did not consider the past performance of the contractors in executing earlier contracts before awarding fresh contracts for critical activities. As a result, a number of......

The turnover is mainly from domestic market and export turnover is minimal. The table below shows the sales performance of RINL in four years ended 2010-11. (Quantity in thousand tonnes/ value f in crore) Mode of 2007-08 2008-09 2009-10 2010-11 sales Quan-Per Value Quan-Per-Value Quan¬......

Type of equipment Qty 1. SDH, STM-1 (3+1) Microwave equipment in 6 Ghz frequency band 15 terminals 2. High Performance antenna 10 numbers 3. Waveguide 1000 meters 28 Report No. 8 of 2012-13 India Private Ltd. (LI) after a gap of 15 months from the date of opening of bids and followed with the......

Company, however, could not ensure performance of SI by IBM. Further, Company failed to incorporate back to back payment terms, corresponding with payment terms of MTNL, with its vendors. Thus, as a result of accepting to execute a turnkey project having fixed delivery schedule coupled with......

(16-20 May 2008) the proposal for lending of? 49.42 crore ( 45.79 crore+? 3.63 crore ) for purchase of 30742 MT of yellow peas to RPFPL citing past performance and long term business relation at an interest at 11.75 per cent per annum on reducing balance and a profit margin of 1.25 per cent of......

labour charge is not part of the MSP but is a separate element forming part of procurement incidentals included in the cost sheet to be paid against performance of the handling work at mandi yards. Since the procurement was directly made at farm gate/mill point, handling work such as cleaning,......

In particular, the Reports explore the performance/implementation of issues of seven selected themes and a Performance Audit. The detailed audit findings of three Thematic Audits and one Performance Audit are presented department-wise in Volume I of the Report. The detailed audit findings of......

A quality file should be maintained containing the basic information of description, specification, approved sources, records of quality and delivery performance of the sources and other relevant information. During examination of records of Zonal Railways/ Production units by Audit revealed that-......

of locomotives in Indian Railways" Loco workshops/sheds provide maintenance to locomotives which ensure their availability and reliability of performance. Audit examination in October 2012 to January 2013 highlights that the quality of maintenance provided to the locomotives was poor.......

69 Audit Objectives 4.1.4 70 Audit Scope and Sources of Criteria 4.1.5 70 Audit Methodology 4.1.6 70 Sample Size 4.1.7 71 Audit Findings 4.1.8 72 Performance of workshops and sheds 4.1.9 80 Conclusions 4.1.10 87 Loss for train parting due to failure of Centre Buffer 4.2 88 Coupler (CBC)......

Report No. 13 of 2012-13 CHAPTER III : MINISTRY OF EXTERNAL AFFAIRS 3.1 Performance of Consular wings Introduction Indian Missions and Posts abroad provide passport, visa and other consular services to foreign nationals......

Functioning of DoT 2.7 32 Recovery of excess subsidy paid at the instance of 2.8 38 Audit Chapter III: Ministry of External Affairs Performance of Consular wings 3.1 40 Recovery at the instance of Audit 3.2 54 1 Description Paragraph Page Failure to observe the prescribed rules......

Of this, 1.62 crore was recovered at the instance of Audit. Paragraph 2.8 Ministry of External Affairs Performance of Consular wings A number of Missions and Posts were not levying fees for visas and other consular services as per the rates prescribed by the Ministry, resulting in short......

and provides timely feedback and provides assurances to the management and other stakeholder relating to its achievement on financial and operational performance. Chapter- VIII of Indian Railways Code for Accounts Department (Part -I) has laid down detailed procedure of internal check. Audit......

Thus, performance of IR and availability of balances in the fund accounts impacts planning of expenditure under this segment of the grant. Though appropriation between these sources of funds is not permissible, a combined Appropriation Accounts for these funds is prepared. Source-wise break-up......

Though the fund balances improved by 1,428.40 crore over the previous year balance of? 342.51 crore, the financial performance of IR remained poor in the current year. The meager/negative balances in reserve funds will adversely impact the safety aspects and future expansion of IR’s......

Though the fund balances improved by 1,428.40 crore over the previous year balance of? 342.51 crore, the financial performance of IR remained poor in the current year. The meager/negative balances in reserve funds will adversely impact the safety aspects and future expansion of IR’s......