Audit Reports

bidders who qualified on the basis of Stage I bidding submitted their final price offer (FPO) at Stage II bidding (e-auction), which was carried out online o n the platform for e-auction provided by MSTC Limited on its website. Audit objectives and scope of audit Audit was conducted to ascertain..................

G-I Glossary 1. Additional Levy Amount payable by the prior allottees of 42 'Produc ing' & 'Ready to Produce' coal blocks, calculated at the rate of ` 295 PMT, on the quantum of coal extracted from these blocks til l 31 March 2015, in compliance to...

As per the agreement, the following responsibilitie s were assigned to MSTC:  online registration of prospective bidders;  arranging publicity of e-auction through website;  draw up the calendar and duration for e-auctions in consultation with NA;  display the floor price in the e-auction..................

 A web-based application for online monitoring of th e compliance covering post vesting obligations by the successful bidder was under deve lopment. It planned to cover submission of commencement plan, payment of upfront amount, performance security and appropriation, submission of periodic..................

India, like most of the developing countries, seeks to grow its economy as also to expand social services to its citizens. This raises large financing needs on the country resulting in excess of expenditure over non–debt receipts, terme d as fiscal deficit. The fiscal deficit is sought to..................

Report No. 16 of 2016 49 Annexure-I (Refer to para No. 5.4 ) Projects/Proposals approved by the Screeni ng Commi t tee 13 Sl . No. Proposal Date of approval Proposal pos ed by Funding agency Amo unt 1. Second Ut t arakhand rural water suppl y and s...

debt instruments such as l oans and debt securities in addition to actual transactions of disbursements and debt servi ce and forecast for debt service schedules.  Reporting Function: To generate reports that meet internal and external reporting requirements.  Analytical Function: To..................

Report No. 16 of 2016 43 C h a p t e r 7 G o v e r n m e n t S e c u r i t i e s M a r k e t 7 . 1 I n t r o d u c t i o n One of the objectives of Public Debt Management is to develop a liquid market. Developing a liquid and vibrant secondary...

Report No. 16 of 2016 47 C h a p t e r 8 C o n c l u s i o n a n d R e c o m m e n d a t i o n s 8 . 1 C o n c l u s i o n Union Government’s public debt, consisting of inter nal and external debt, was managed by various agencies with internal...

 Defence Accounts Department dealing with Indian Nav y and Coast Guard.  Military Engineer Services dealing with Indian Navy and Coast Guard. 1.2 Authority for audit Article 149 of the Constitution of India and the Comptroller and Auditor General’s (Duties, Powers and Conditions of..................

Even after refurbishment, only five TRUs were serviceable against a requirement of 17 T RUs resulting in limited exploitation of the Sea King fleet for loca l missions only. Magnetron is a critical sub-assembly of the Super S earcher Radar system installed on Sea King helicopters for..................

of Defence (Ministry) to constitute a Standing Committee 26 (March 2010) which rec ommended (January 2011) that the system be automated 27 and made online within six months. Accordingly , Ministry instructed (June 2011) Ordnance Factory Board (Board) for expeditious installation of the automated..................

doubtful debts during the years 2012 -13 & 2013 -14 and Overstatement of Assets towards Closing Stock and receivables due to outstanding Value Added Tax refund claims for the years 2012 -13 & 2013 -14, the CSD corrected the annual accounts. But for these corrections, profit would have been..................

Report No . 19 of 201 6 (Defence Services) 63 4.1 Inordinate Delay in completion of works sanctioned for operational military requirements Construction of an underground operation..................

Thus, UL B s w e r e incurring expenditure on behalf of the Stat e G ov e rn m e nt that could hav e been used for pro viding municipal services to th e people. 2.7 Adjustment of advances In t erm s of Rule 189 of th e W e st Bengal M unicipal (Finan c e a nd A c counting) Rules, 1999, differ..................

- Other Important Cases CH A PTER VIII OTH ER IM PO R TA NT CA SES olkata M unici al Cor oration 8.1 nsufficient efforts in collection of ro er!Y tax from the Institute of N eurosciences, Kolkata - f 2 crore Kolkata M unicipal Corporation did not collect arr ears of property tax amoun ting to..................

No. of commercial I A nnual Annual N o. N ameofULB n on-residential Property surcharge Peri od Loss holding Tax @20% 1. Asansol 7909 267.7 3 53.55 01.04.2012 t o 31.0 3.2013 53.55 2. Dur ga pur 1011 1570.32 133.86 01.04.2011 t o 3 1.0 3.2012 264.33 1003 172 3.7 5 130.47 01.04.2012 t o 31.0..................

[Paragraph 3.2] Remission allowed on property tax beyond perm issible limit led to loss oft 1.29 crore in two ULBs. [Paragraph 3.3] lX Non-imposition of surcharge on property tax (for commercial holdings) by 14 ULBs during July 2006 to M arch 2013 resulted in loss of revenue amounting to �..................

Para No. Page No. Loss I arrear of revenue due to delay in 3.2 17 revision of annual valuation of property Remission on property tax beyond 3.3 18 perm issible limit led to loss oft 1.29 crore Non-imposition of surcharge leading to 3.4 19 loss ofr evenue oft 17 .34 crore Outstanding water..................

Property tax on land and building is the principal source of tax revenue of a ULB. Non-tax revenue of a ULB includes plan-sanction fees, mutation fees and water charges. All collections as perm issible under the statute in force, such as tax and non-tax revenue, are meant to be utilised for..................

C H A P T E R I I I R E C E IP T S Chapter III - Receipts CH A PTER III RE CEIPTS Receipts of ULBs comprise both tax and non-tax revenue which are levied by ULBs as per provision of the M unicipal Acts. Other sources of revenue are share of State grants and..................

Irregular expenditure on establishment out of municipal fund deprived the tax payers from getting obligatory and discretionary services. Eight ULBs neither created 'Special Fund' nor contributed to the fund for payment of term inal benefits to retired personnel. Non-compliance with the Govern..................

V M A TERI A L M A NA G EM EN T AND EX EC U TIO N OF W O RK S ULBs are responsible for maintenance of infrastru cture, which enables the provision of services to the people, and also execution of various developmental works. For this, material required for maintenance and developmental work is to..................