Audit Reports

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Report No. 16 of 2021 8 CHAPTER II: MINISTRY OF CORPORATE AFFAIRS 2 .1 Data analysis of MCA21 2.1.1 Introduction T he Ministry of Corporate Affairs (MCA/ Ministry) is primarily concerned with the administration of the Companies Act, 1956 and 2013,...

Report No. 16 of 2021 40 CHAPTER IV: MINISTRY OF HOUSING AND URBAN AFFAIRS Central Public Works Department, New Delhi 4.1 Inadequate recovery of water charges Due to failure of CPWD to install individual water m eters/ revise the rates of recovery...

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Report No. 16 of 2021 1 CHAPTER I: INTRODUCTION 1.1 About this Report Compliance Audit refers to examination of transactions relating to expenditure, receipts, assets and liabilities of audited entities to ascertain whether the provisions of the...

Report No. 16 of 2021 \b\b CHAPTER VIII: MINISTRY OF TOURISM I ndia Tourism Office, Frankfurt 8.1 Loss to the Government exchequer due to shifting of billing base to Germany Ministry of Tourism shifted the billing base from In dia to Germany for...

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Report No. 16 of 2021 \b4 CHAPTER VII: MINISTRY OF POWER 7.1 Loss to Public Exchequer due to not taking into account the inputs of National Load Despatch Centre in implementation of Power System Development Fund schemes Due to not taking into...

13 Report No.10 of 2021 (Performance Audit) 13 CHAPTER II Issuance of Advance Authorisations DGFT , in pursuit of its objectives of better trade facilitation and paperless processing as envisaged in FTP 2015 -20, introduced system driven receip t of ...

1 Report No.10 of 2021 (Performance Audit) 1 CHAPTER I Overview of Advance Authorisation Scheme 1. Introduction The Advance Licensing Scheme also known as ‘Duty Entitlement Exemption Certificate (DEEC)’ was introduced in the Foreign Trade Policy ...

71 Report No.10 of 2021 (Performance Audit) 71 CHAPTER IV Internal Control Management Internal cont rol is broadly defined as a process effected by an entity's management, designed to provide reasonabl e assurance regarding the achievement of...

Appendix and Annexures 79 Report No.10 of 2021 (Performance Audit) 81 Appendix 1 : Sample selection (Para 1.7/Chapter I) Sl.No Name of RAs Selected Total AA issued CIF in Crores Sample selected MV in Crore Non Production of Records (NPR ) cases MV...

iii Report No.10 of 2021 (Performance Audit) ii Executive Summary About this Performance Audit The objective of the Advance Authorisa tion Scheme (AAS) is to provide registered exporters with the ir requirement of basic inputs/ raw ma terials at...

xiii Report No.10 of 2021 (Performance Audit) xi Glossary of Terms and Abbreviations Abbreviation Expanded Form AA Advance Authorisation AAS Advance Authorisation Scheme AH Authorisation Holder ANF Aayat Niryat Forms ARO Advance Release Order BCD...

INDUSTRY CLUSTER Report No. 14 of 2021 35 CHAPTER IV: MINISTRY OF FINANCE (Department of Financial Services) \001 India Infrastructure Finance Company Limited 4.1 Doubtful recovery of loan and interest India Infrastrucutre Finance Company Limited,...

Report No. 14 of 2021 69 CHAPTER VII: MINISTRY OF STEEL MSTC Limited 7.1 Imprudent financing resulting in non-recovery of dues Financing of procurements by MSTC Limited on behalf of a party having poor credit rating as well as unfavorable financial...

Report No. 14 of 2021 52 CHAPTER V: MINISTRY OF HEAVY INDUSTRIES Bharat Heavy Electricals Limited 5.1 Avoidable loss due to laxities in supply of Alternate Current Electrical Multiple Units B harat Heavy Electricals Limited suffered a loss of ` ` `...

INFRASTRUCTURE CLUSTER Report No. 14 of 2021 93 CHAPTER IX: MINISTRY OF CIVIL AVIATION Airports Authority of India 9.1 Loss of revenue due to inadequate assessment of electricity load Inadequate assessment and delay in arrangement of re quired...

ENERGY CLUSTER \ Report No. 14 of 2021 1 Coal India Limited 1.1 Avoidable payment towards hangar rent due to retention of inoperative helicopter and aircraft for over eight years Coal India Limited procured a helicopter (1991) and an aircraft...

Report No. 14 of 2021 88 CHAPTER VIII: MINISTRY OF TEXTILES India United Textile Mill Limited 8.1 Loss on account of extending undue benefit in fabric trading business to the group companies of strategic partner India United Textile Mill Limited...

Report No. 14 of 2021 ix I Introduction 1. This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and...

ANNEXURES Report No. 14 of 2021 111 Annexure-I (Referred to in Para 2.4) Statement showing standard hours for overhauling and actual running hours of Power Turbines and Compressors of Process Gas Compressors (PGCs) Sr. No. PGC Sub-equipment Standard ...

Report No. 14 of 2021 65 CHAPTER VI: MINISTRY OF MINES Hindustan Copper Limited 6.1 Unfruitful expenditure towards construction of Copper Ore Tailings Beneficiation Plant Imprudent decision of Hindustan Copper Limited t o construct full scale Copper ...

Report No. 14 of 2021 102 CHAPTER X: MINISTRY OF ROAD TRANSPORT AND HIGHWAYS National Highways Authority of India 10.1 Retention of extraneous clause in Concession Agreements of four laning BOT (Toll) projects N HAI failed to levy damages of ` ` `...

Report No. 14 of 2021 32 NHPC Limited 3.1 Undue benefit to the contractor NHPC did not levy penalty of ` ` ` ` 11.61 crore on the contractor for monthly generation of solar power lower than the minimum guaranteed generation. NHPC awarded (14 June...

Report No. 14 of 2021 108 CHAPTER XII Follow-up on Audit Reports (Commercial) Audit Reports of the CAG represent the culmination o f the process of scrutiny of accounts and records maintained in various offices and departments of PSUs. It is,...

Report No. 14 of 2021 107 CHAPTER XI: RECOVERIES AND CORRECTIONS/ RECTIFICATIONS BY CPSEs AT THE INSTANCE OF AUDIT Airports Authority of India, Air India Limited, Cent ral Mine Planning and Design Institute Limited, Damodar Valley Corporation,...

Report No. 12 of 2021 1 Summary of Financial Performance of Central Public Sector Enterprises CHAPTER I 1.1 Introduction This Report presents the summary of financial performance of Government companies, Statutory Corporations and Government...

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Report No. 12 of 2021 73 Disinvestment Process CHAPTER II I 3.1 Disinvestment Policy of Government of India The Department of Disinvestment was set up as a separate Department on 10 December 1999 and was later renamed as Ministry of Disinvestment...

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Report No. 12 of 2021 110 Impact of Implementation of Indian Accounting Standards in Selected Non -Banking Financial Companies CHAPTER V 5.1 Introduction The era of globalisation and liberalisation has led to increased social mobility, cross border...

Report No. 12 of 2021 ix Executive Summary I. Summary of f inancial performance of Central Public Sector Enterprises There were 697 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor...

i Contents Preface vii Executive Summary ix Chapter I Summary of f inancial performance of Central Public Sector Enterprises 1.1 Introduction 1 1.2 Investment in Government c ompanies and corporations 4 1.3 Returns from the CPSEs 14 1.4 Operating...

Report No. 12 of 2021 vii PREFACE The accounts of Government Companies are audited by the Comptroller and Auditor General of India (CAG) under the provisions of Section 143(5) to 143(7) of the Companies Act, 2013. The Statutory Auditors (Chartered...

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Report No. 9 of 2021 Ground Water Management and Regulation 65 Implementation of schemes on Ground Water Management and Regulation 4.1 Introduction According to the National Water Policy (2012), there is a need to evolve a National Framework Law as...

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Report No. 9 of 2021 Ground Water Management and Regulation i Preface This Report for the year ended March 2018 has been prepared for submission to the President of India under Arti cle 151 of the Constitution of India. This Report of the Comptroll...

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Report No. 8 of 2021 (Direct Taxes) 1 Chapter I: Direct Taxes Administration This chapter gives an overview of the direct taxes administration, revenue trends in direct taxes collection and tax administr ation process in the Income Tax Department...

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Report \bo. 8 of \f0\f1 (Direct Taxes) iii Highlights The Comptroller and Auditor General of India \bondu\bts the audit of re\beipts of the Union Government under se\btion 16 of the Comptr oller and Auditor General of India (Duties, Powers and...

Report \bo. 8 of \f0\f1 (Direct Taxes) Table o\b Content\f Content\f Page\f Pre\bace i Highlight\f iii-v Chapter I: Direct Taxe\f Admini\ftration 1-15 i. Direct\bTaxe\f\b 1\b ii. Organizational\bStructure\b1-2\b iii....

Report No. 8 of 2021 (Direct Taxes) i Preface This Report for the year ended March 2020 has been prepared for submission to the President under Article 151 of th e Constitution of India. The Report contains significant results of the comp liance...

Report No. 8 of 2021 (Direct Taxes) 73 Abbreviations ACIT Assistant Commissioner of Income Tax Act The Income Tax Act, 1961 AI Assessed Income AIR Annual Information Return ALP Arm’s Length Price AO Assessing Officer AOP Association of Person AST...

APPENDICES 97 Appendix 1.1 State Profile (Reference: Paragraph 1.1; Page 1) State Profile A. General Data Sr. No. Particulars Figures 1 Area 44,212 sq. km. 2 Population a As per 2001 Census 2.11 crore b As per 2011 Census 2.54 crore 3 Density of...

CHAPTER–1 OVERVIEW 1 Chapter 1: Overview 1.1 Profile of the State Haryana is located near the National Capital. Out of 22 districts of Haryana, 14 are part of the National Capital Region. It is the 21 st largest State in terms of geographical area ...

35 CHAPTER IV: STAMP DUTY 4.1 Tax administration Receipts from the stamp duty and registration fees are regulated under the Indian Stamp Act, 1899 (IS Act), Registration Act, 1908 (IR Act), Punjab Stamp Rules, 1934, as adopted by the Government of...

31 CHAPTER III: STATE EXCISE 3.1 Tax administration The Additional Chief Secretary to the Government of Haryana, Excise and Taxation Department, is the administrative head at Government level and the Excise and Taxation Commissioner (ETC) is the...

1 CCHH AAPPTTEERR II:: GG EENNEERRAALL 1.1 Trend of revenue receipts 1.1.1 The tax and non -tax revenue raised by the Government of Haryana, the State’s share of net proceeds of divisible Union taxes and duties assigned to States and Grants...

Chapter-V Corporate Social Responsibility 59 Chapter V Corporate Social Responsibility 5.1 Introduction Corporate Social Responsibility (CSR) is the continuing commitment by business to behave ethically and contribute to econ omic development while...

Chapter-I Financial Performance of State Public Sector Enterprises (Power Sector) 7 Chapter I Financial Performance of State Public Sector Enterprises (Power Sector) 1.1 Introduction As on 31 March 2020, there were five Power Sector S PSEs (four 1...

Chapter-II Financial Performance of State Public Sector Enterprises (other than power sector) 21 Chapter II Financial Performance of State Public Sector Enterprises (Other than Power Sector) 2.1 Introduction As on 31 March 2020, there were 31 State...

Appendices 77 Appendix I (Referred to in Paragraph 1.3.1) Summarised financial results of Power Sector SPSEs for the latest year for which accounts were finalised (` `` ` in crore) Sl. No. Activity & Name of the Power Sector Undertaking Period of...

Chapter-III Oversight Role of CAG 35 Chapter III Oversight Role of CAG 3.1 Audit of State Public Sector Enterprises (SPSEs) Comptroller and Auditor General of India (CAG) appo ints the statutory auditors of a State Government Company and State Go...

Introduction Functioning of State Public Sector Enterprises 1 Introduction Functioning of State Public Sector Enterprises General 1. State Public Sector Enterprises (SPSEs) consist of State Government Companies and Statutory Corporations. S tate...

v Executive Summary I. Financial performance of State Public Sector Enterprises There were 36 State Public Sector Enterprises (SPSE s) under the audit jurisdiction of the Comptroller and Auditor General of India as on 31 March 2020. These included...

Chapter-VI Impact of implementation of Indian Accounting Standards in State Public Sector Enterprises 69 Chapter VI Impact of implementation of Indian Accounting Standards in State Public Sector Enterprises 6.1 Introduction The Ministry of Corporate ...

i TABLE OF CONTENTS Description Reference to Paragraphs Page/ Remarks Preface iii Executive Summary v-x Introduction Functioning of State Public Sector Enterprises 1-6 Chapter-I Financial Performance of State Public Sector Enterprises (Power Sector) ...

CHAPTER – V (5.2) Allotment of Sport s City CHAPTER -V Allotment of Properties 5.2 Allotment of Commercial Properties Allotment of Sports City Introduction 5.2.11 A detailed proposal was submitted (16 August 2004) to the Board of NOIDA for...

CHAPTER – V (5.3) Allotment of Farm House Plots CHAPTER -V Allotment of Properties 5.3 Allotment of Institutional Properties Allotment of Farm House Plots Introduction 5.3.1 2 The Government of Uttar Pradesh (GoUP ) notified (2 January 1992) NOIDA ...

CHAPTER – VI Internal Control CHAPTER -V I Internal Control Introduction 6.1 Internal control s, in simple terms, are activities and safeguards that are put in place by the management of an organisation to ensure that its activities are proceeding ...

CHAPTER – I General CHAPTER -I General Introduction Background 1.1 In 1972, under the provisions of the U.P. Regulation of Building Operations Act, 1958, the Gov ernment of Uttar Pradesh (GoUP) declared 50 villages of the district Bulandshahr,...

EXECUTIVE SUMMARY Executive Summary Introduction The Government of Uttar Pradesh (GoUP) constituted the New Okhla Industrial Development Authority (NOIDA) in April 1976 under Section 3 of the Uttar Pradesh Industrial Area Development (UPIAD) Act,...

CHAPTER – IV Pricing of Properties CHAPTER -IV Pricing of Properties Introduction Costing System in NOIDA 4.1 Pricing of properties for allotment by the Industrial Development Authorities (IDAs) is a crucial aspect as this gives NOIDA a critical...

CHAPTER – V (5.4) Allotment of Industrial Properties CHAPTER -V 5.4 Allotment of Industrial Properties Introduction 5.4.1 The main objective of NOIDA is to develop industrial area s for which industrial plots are allotted by the Authority . A...

CHAPTER – V (5.2) Allotment of Commercial Properties CHAPTER -V Allotment of Properties 5.2 Allotment of Commercial Properties Introduction 5.2.1 The NOIDA (Preparation and Finalisation of Plan) Regulations, 1991 provides that ‘Commercial Use...

i TABLE OF CONTENTS Reference to Particulars Paragraph(s) Page(s) Preface -- xv Executive Summary -- xvii -xxxv Chapter -I: General -- 1-7 Background 1.1 1 Role and powers of Department 1.2 1-2 Role/functions of NOIDA 1.3 2 Management of NOIDA 1.4...

CHAPTER – V (5.3) Allotment of Institutional Properties CHAPTER -V Allotment of Properties 5.3 Allotment of Institutional P roperties Introdu ction 5.3.1 The NOIDA (Preparation and Finalisation of Plan) Regulations, 1991 define s “institutional...