Audit Reports

Three 1 companies were added during the year. Of the 63 State PSUs, financial performance of 38 P SUs is covered in this report ( Annexure-3.1 ) and the nature of these PSUs is indicated in Tabl e 3.1: Table 3.1: Coverage and nature of PSUs covered in t his report Nature of the PSUs Total..................

respectively against receipt of an irrevocable advance payment security in the f orm of Bank Guarantee 2 (BG): (Advance payment BG: ` 7.39 crore and Performance BG: ` 8.35 crore). As per the contract 3, simple interest at the cash credit rate (17.25 per cent ) was to be collected on such advance..................

In reply, the Finance Department stated (October 20 18) that the present situation has arisen due to non-conduction of audit by the then Management in time. The present Management removed the services o f the concerned employees from the Company (19 December 2017) and l odged FIR against them..................

Equity shares of PGCIL were listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in October, 2007. 1.3 Physical performance of PGCIL The physical performance of PGCIL during last six y ears ending of 31 March of each financial year of 12 th plan is given below in Table 1.2...................

prepare Proforma Accounts in the prescribed format annually showing the working results of financial operations so that Gov ernment can assess their performance. The finalised Accounts of the departmentally manage d Commercial and Quasi-Commercial Undertakings reflect their overall financial..................

4. The Reports containing the findings of Performance Audits and audit of transactions in various Departments and observat ions arising out of audit of Statutory Corporations, Boards and Governm ent Companies and the Report containing observations on Revenue R eceipts are presented..................

During 2018-19, 5,335 party-days were used to carry out audit of 39 5 units (compliance and performance audits) of the various Departments, Org anisations. The audit plan covered those units/entities which were vulnerable to significant risks as perceived by Audit. After completion of..................

However, all three PSUs finalised and submitted these three acco unts by December 2019. 3.1.7 Performance of Power Sector Undertakings The financial position and working results of eight power sector companies are detailed in Appendix 3.1.2 as per their latest finalised accounts as of 30..................

directives/ instructions issued b y MERC; MERC (Electricity Supply Code and other conditions of supply) Regulations, 2005; MERC (Standards of Performance of Distribution Lice nsees, Period for giving supply and determination of compensation) Regulations, 2014 (MERC Regulations, 2014); and..................

5.1.10 Performance of State PSUs (other than Power Sector) The financial position and working results of the 95 State PSUs (other than Power Sector) as per their latest finalised account s as of 30 September 2019 are detailed in Appendix 5.1.4. The Public Sector Undertakings are expected to..................

Assuming that GSDP is a good indicator of the performance of the State’s ec onomy, major fiscal aggregates like tax and non-tax revenue (NTR), revenue and capital expenditure, internal debt and revenue and fiscal deficits have been presented as percentage to the GSDP at current market prices...................

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Chapter VII - Land R evenue 129 FOLLOW -UP AUDIT REVENUE DEPARTMENT 7.3 Follow -up audit of performance audit on ‘Sale /Allotment of land and levy and collect ion of conversion charges’ Introduction Under the provisions of Maharashtra Land Revenue (Disposal of Government Land ) Rules..................

State’s performance in mobilisation of additional resources should be assessed in terms of its own resources comprising revenue from its own tax and n on-tax sources. The gross collections in respect of major Tax and N on-Tax Revenue and their relative share in GSDP during 2014-19 are given in..................

Reconciliation and verification of figures is an im portant tool of financial management. Failure to exercise/ adhere to the codal provisions and executive instructions in this regard not only results in misclassification and incorrect booking of receipts and expenditure in the accounts, but also..................

culture including 4 hectares for Pacific white shrimp (Litopenaeus vannamei ) Contrary to the activity registered for, major portion of the farm land (24.27 hectares of 39.15 hectares) was used for culturing fish using non -traditional farming practice. During the years 2015 -16 and 2016 -17..................