Audit Reports

20 of 2017 (Navy and Coast Guard) x Enquiry and Rate Contracts, which led to reduced co mpetition/monopolistic situation. Procurement of obsolete items worth `46.92 crore indicated lack of due diligence while making procurement decisions. A verage demand compliance at Material Organisations............

Further forex gain/loss can undergo changes depending upon the mechanism of individual contracts. Therefore loss cannot be netted off. Thus, non-inclusion of foreign exchange gains perta ining to period from 2010-11 to 2014-15 resulted in understatement of GR/AGR by ` 528.31 crore. Resultantly,............

It also undertakes annual maintenance contracts of hardware items. The Company’s total revenue during 2015-16 was ` 114.58 crore and it earned a profit of ` 3.20 crore. TCIL-Bina Toll Road Limited TCIL-Bina Toll Road Limited is a fully held subsidi ary of TCIL and was incorporated in............

in the award and management of contracts for execut ion of works under the sanctioned projects. To observe transparency and ma intain economy in contract management and award of work, Central Vigilance Com mission also circulated various circulars and guidelines to the States. How ever, test............

Two DHs 5 and one DRHS 6 ignored the approved rate contracts and purchased medicines/consumables by calling quotations or on n omination basis during 2011-16 resulting in excess payment of ` 39.99 lakh to the agencies/suppliers. Discrepancies in procurement of drugs in Uttar Prad esh In seven............

Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI) regulated by Reserve Bank of India (RBI) and administratively controlled by the Department of Financial Services, Ministry of Finance. It was est ablished in 1948 as a Statutory Corporation but was later incorporated as a............

Audit examination of selected import contracts concluded by the five factories during 2012 -15 revealed that there were deficiencies in management of the contracts at pre -contra ct as well as post -contract stages. Audit found that undue time was taken in negotiations and approval of supply............

On the other hand, rules were framed for termination of contracts after fourth default of overloading. These were, however, not a deterrent as weighment was not being done as a regular measure to check overloading despite laid down norms. Response for booking of leased parcel traffic through............

(Paragraph 3.1.7.1) Fifteen contracts valuing `330.12 crore were short closed rendering the expenditure of `77.34 crore incurred on these projects unfruitful. [Paragraph 3.1.7.2 (a)] The progress in implementation of Sewerage component was very poor with 96 per cent of the contracts yet to be............

nature:  Loss / irregular expenditure of `31.08 crore due to non - compliance with rules, directives, procedures, terms and conditions of Acts/ contracts . (Paragraphs 3.2, 3.3, 3.4 , 3.5, and 3.6)  Loss/ extra expenditure of `438.21 crore due to non - safegu arding the financial............