Audit Reports

The Status of annual accounts of Statutory Corporat ions and placement of their SARs in Legislature is detailed in the follow ing table: Table 4.7: Status of placement of SAR of the Statut ory Corporations Performance of PSUs 4.11 The financial position and working results of the 2 7 PSUs, as............

7 Part-I Chapter I Functioning of Power Sector Undertakings 1. Introduction 1.1 The Power Sector Companies play an important role i n the economy of the State. Apart from providing a critical infrastr ucture required for development of the State’s ...

99 Chapter V 5 Other than Power Sector - Compliance Audit Observations Significant audit findings emerging from test check of transactions of State Government Companies and Statutory Corporation of t he other than power sector are included in this...

23, 33, 34, 35, 36 and 38 of Annexure 7 . Report No. 2 of 2020 on PSUs (Social, General and Economic Sectors) Table 3.7: Status of placement of SARs of the Statu tory Corporations Sl. No. Name of Corporation Year up to which SARs placed in the Legislature Year for which SARs not placed in............

PART - I Chapter - I Functioning of Power Sector Undertakings 7 PART-I Chapter-I Functioning of Power Sector Undertakings 1. Introduction 1.1 The Power Sector Undertakings play an important rol e in the economy of the State. Apart from providing...

PART - I Chapter - II Compliance Audit observations relating to Power Sector Undertakings 29 Chapter-II Compliance Audit observations relating to Power Sec tor Undertakings Audit of Transactions Important audit findings emerging from test check of...

Overview ix Overview This Report contains 14 paragraphs and one performance audit on ‘Assessment of activities of Punjab Small Industrie s and Export Corporation Limited’ having a financial implication of ` 1,226.91 crore. Some of the...

v PREFACE This Report has been prepared for submission to the Governor of the State of Punjab under Article 151 of the Constituti on. Chapters I and II of the Report contain audit obser vations on matters arising from examination of Finance Accounts ...

vii EXECUTIVE SUMMARY Background This Report on the finances of the Government of Punjab is brought out to assess the financial performance of the State durin g the year 2018-19 vis-à-vis the Budget Estimates, the targets as recommended by the...

1 CHAPTER I FINANCES OF THE STATE GOVERNMENT 1.1 Introduction This chapter provides an overview of the finances of the State Government during the financial year 2018-19 and analyses chan ges observed in the movement of major fiscal aggregates in...

of Tripura 6 Principal Secretary, Agriculture Director of Agriculture Chief Engineer (Agriculture) Joint Director of Agriculture (Research), SARS Principal, UGTC, Lembucherra (Training) Principal, College of Agriculture, Lembucherra EE, West Tripura EE, South Tripura EE, North Tripura EE,............

Executive Summary ix Executive Summary This Audit Report has been prepared in five chapters. Chapters I to IV deal with Economic, State Public Sector Undertakings, Revenue and General Sectors. Chapter V deals with Follow-up of Audit Observations....

Placement of Separate Audit Reports 2.1.12 The position depicted in Table 2.1.7 shows the status of placement of SARs issued by the C&AG (up to 30 September 2018) on the accounts of the only Statutory Corporation in the State Legislature. \ \ \ 16 Includes Agartala Smart City Limited which was i............

Audit Report for the year 2017-18, Government of Tripura 199 CHAPTER – V FOLLOW UP OF AUDIT OBSERVATIONS 5. 1 Follow-up Action on earlier Audit Reports 5.1.1 Explanatory notes not submitted Serious irregularities noticed in audit are include d in...

Report No. 18 of 2020 191 CHAPTER XIII: MINISTRY OF STEEL MECON Limited 13.1 Loss due to termination of contract and encash ment of BG by the client Delay in commencement of work by MECON Limited and inability to ensure submission of Bank Guarantee...

Report No. 18 of 2020 15 CHAPTER IV: MINISTRY OF COMMERCE AND INDUSTRY Government E-Marketplace 4.1 Information Systems Audit of Government E-Marketpl ace 4.1.1 Introduction Since 1951, the Directorate General of Supplies and Disposal (DGS&D), the...

Report No. 18 of 2020 10 CHAPTER III: MINISTRY OF COAL Mahanadi Coalfields Limited 3.1 Excess payment to the contractor under mining contract Mahanadi Coalfields Limited, under mining contract, allowed excess payment to a contractor of ` `` `45.17...

Report No. 18 of 2020 131 CHAPTER VI: MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES Bharat Heavy Electricals Limited 6.1 Loss due to non-performance under a contract BHEL suffered a loss of Euro 3.83 million ( ` `` `28.35 crore) due to failure ...

Report No. 18 of 2020 151 Brahmaputra Cracker and Polymer Limited 9.1 Irregular payment of Performance Related Pay Brahmaputra Cracker and Polymer Limited paid ` `` `15.54 crore as PRP to the executives of GAIL in violation of the DPE guidelin es...

Report No. 18 of 2020 177 Damodar Valley Corporation 10.1 Avoidable loss due to under-recovery of capaci ty charges Decision of Damodar Valley Corporation towards redu ction of the quantum of power of PPA with Kerala State Electricity Board in...

Report No. 18 of 2020 181 CHAPTER XI: MINISTRY OF ROAD TRANSPORT AND HIGHWAYS National Highways Authority of India 11.1 Improper contract management by NHAI resulted in loss of revenue Failure of National Highways Authority of India to enforce the...

i Contents Preface vi Executive Summary vii Chapter I Summary of financial performance of Central Public Sector Enterprises 1.1 Introduction 1 1.2 Investment in Government Companies and Corporations 4 1.3 Return from Government Companies and...

crore under a reinsurance treaty even though the final settlement including commission would be calculated based on the loss ratio as on 31 March 2024. This resulte d in understatement of miscellaneous commission (Net) an d loss for the year by `61.50 crore. Report No. 7 of 2020 48 Sl. No.............

7: Status of placement of SARs in Legislature Sl. No. Name of Statutory Corporation Yea r upto which SARs placed in the Legislature Year for which SARs not placed in the Legislature Year of SAR Date of issue to the Government/ Present Status (September 201 9) 1 Karnataka State Road............

25 Chapter - II 2.1 Performance Audit on ‘Creation of infrastructure (220kV/110kV stations and lines) for transmission of power by Karnataka Power Transmission Corporation Limited ’. Executive Summary Introduction Karnataka Power Transmission...

49 Chapter - III Important findings emerging from audit that highlight deficiencies in planning, investment and activities of the Management in the Power Sector Public Sector Undertakings (PSUs) are included in this Chapter. These include...

Appendices 145 Appendix -1(a) Statement showing position of equity and outstanding loans relating to Power Sector PSUs as on 31 March 201 9 (Referred to in Paragraph 1.3 ) (` in crore ) Sl. No. Sector & Name of the PSU Month and year of...

CHAPTER – I FINANCES OF THE STATE GOVERNMENT CHAPTER I FINANCES OF THE STATE GOVERNMENT Profile of Goa Goa is situated in the western coastal region known as Konkan, bounded by Arabian sea in the west, Maharashtra in the north and Karnataka to the ...

CHAPTER – II FINANCIAL M ANAGEMENT AND BUDGETARY CONTROL CHAPTER II FINANCIAL MANAGEMENT AND BUDGETARY CONTROL 2.1 Introduction 2.1.1 Appropriation accounts are the accounts of expenditure of the Government for each financial year, co mpared with...

CHAPTER ± I Social, General and Economic Sectors (Non-PSUs) CHAPTER-I SOCIAL, GENERAL AND ECONOMIC SECTORS (Non-PSUs) 1.1 Trend of Expenditure The comparative position of expenditure incurred by the Government during the year 2018-19 and in the...

CHAPTER ± II Revenue Sector   CHAPTER-II  REVENUE SECTOR 2.1 Revenue receipts 2.1.1 Trend of revenue receipts The tax and non-tax revenue raised by the Government of Goa during the year 2018-19, the State’s share of net proceeds of divisible...

Table 3.6 shows the status of placement of SARs issued by the CAG (up to 31 October 2019) on the accounts of Statutory Corporation in the Legislature. Table 3.6 : Status of placement of SARs in Legislature Sl. No. Name of Statutory Corporation Ye a r u p t o which SARs placed in............

63 CHAPTER 3 FINANCIAL REPORTING A sound internal financial reporting system based on compliance with financial rules is one of the attributes of good governance. This Chapter provides an overview and status of compliance of the departments of the...