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The Latest Breaking News from CAG

Are States getting funds they are entitled from the Centre?

Agitations by Kerala and Karnataka governments highlight fiscal federalism issues in India, urging 16th FC to address inequalities.

The Hindu

Good local governance cornerstone of grassroots democracy: CAG Murmu

Girish Chandra Murmu, said good local governance that relied on the core principles of transparency, inclusivity, and accountability, was the cornerstone of grassroots democracy.

The Hindu

BRS accuses Congress Govt of having a conspiracy motive behind delay in Medigadda rehab

BRS accuses Congress Government of delaying Medigadda Barrage restoration in Kaleshwaram project. The party leaders plan to visit the barrage on March 1.

The Hindu

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‘Staff started breaking down’: top US care non-profit accused of reducing workers to tears

Caring Across Generations, run by key US labor activist, accused of poor management and of retaliation against union organizers

The Guardian - US

CAG pulls up Plantation Corporation of Kerala for poor management practices in its rubber, cashew plantations

CAG criticizes Plantation Corporation of Kerala for poor management leading to losses in rubber and cashew plantations.

The Hindu

BRS accuses govt. of delaying Medigadda restoration process for political gains

The Hindu

Congress accuses LDF of destroying Kerala financially

Kerala Congress leaders accuse LDF government of destroying State Civil Supplies Corporation and pushing State into huge debts.

The Hindu

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Telangana State Road Transport Corporation suffered massive losses and negative net worth in FY 2021-22: CAG report

Telangana State Road Transport Corporation (TSRTC) suffered massive losses and negative net worth in FY 2021-22, according to a CAG report.

The Hindu

CAG expresses concern over OBBs by Telangana Government

The Comptroller and Auditor General of India expresses concern over off-budget borrowings of the State government, impacting debt ratio.

The Hindu

CAG finds fault with Kerala’s off-Budget borrowings again

Off-Budget borrowings have yet again drawn the criticism of the Comptroller and Auditor General (CAG) of India whose latest audit report was tabled in the Kerala Legislative Assembly

The Hindu

Kerala’s Gender Budget must include performance reports for transparency of women-specific schemes: CAG

Comptroller and Auditor General (CAG) of India wants performance reports to accompany proposals for the Gender Budget to ensure transparency in public spending on women empowerment in Kerala.

The Hindu

CAG says Kaleshwaram project will require ₹10,374 crore towards energy charges every year

The Kaleshwaram project in Telangana requires ₹10,374 crore towards energy charges every year and a significant amount of power. CAG report on it was tabled in the State Legislative Assembly.

The Hindu

CAG says Kaleshwaram project cost likely to exceed ₹1.47 lakh crore as against ₹81,911 crore projected

The Comptroller and Auditor General of India reveals that the cost of the Kaleshwaram project is likely to exceed ₹1.47 lakh crore, highlighting deficiencies in the project's planning and execution.

The Hindu

Govt. has not recovered huge loans since 1977: CAG report

The State government has not recovered outstanding loans of ₹10,389.78 crore given to its eight departments and undertakings, which included borrowings since 1977, said the Comptroller & Auditor General (CAG) report.

The Hindu

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The Hindu

Railways mismanaged land acquisition for Hajipur-Sagauli project causing cost overrun: PAC report

“The Hajipur-Sagauli New Line project, sanctioned in 2003-04 at an estimated cost of ₹24.66 crore, registered a huge cost escalation of ₹2,066.78 crore in January 2019 due to indecisiveness of the Railway Administration,” according to a Public Accounts Committee (PAC) report.

The Hindu

West Bengal CM Mamata writes to PM Modi, denies allegations in the CAG report

Kolkata Chief Minister Mamata Banerjee denies fraud allegations by CAG, accuses BJP of false propaganda and demands release of funds.

The Hindu

Surplus fund days in a year low in BRS rule, says Telangana CM in Assembly

Telangana Chief Minister A. Revanth Reddy has stated that the State’s finances are in a bad position and one of the major indications is the receding surplus fund days in a year, as per RBI reports.

Newslaundry

‘Undue concession’ to Reliance in Maharashtra led to Rs 41.1 cr loss: CAG

A Comptroller and Auditor General of India report has pulled up the Maharashtra Industrial Development Corporation over undue concessions in subletting charges on industrial plots. These ineligible concessions, it noted, were granted to five entities and caused a loss of Rs 48.94 crore to the exchequer, of which a lion’s…

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The Hindu

Number of CAG audits on Union govt. tabled in Parliament hits a low in 2023 | Data

The number of Comptroller and Auditor General (CAG) audit reports on the Union government tabled in Parliament has significantly decreased, dropping from an average of 40 reports annually between 2014 and 2018 to an average of 22 reports each year from 2019 to 2023. In 2023, only 18 audit reports…

The Hindu

State government mulling over 2 options to address flooding in southern areas of Chennai

Govt contemplates two options to address Velachery flooding: "cut and cover" channel & regular dredging of Pallikaranai marsh. 2005 plan estimated at ₹63 crore, revised to ₹131.9 crore in 2010. 2012 plan dropped due to land acquisition cost. 2021 govt gave undertaking to HC not to dredge except to remove…

The Hindu

In Telangana, promises and financial constraints

It will be a herculean task for the Telangana Congress government to meet its commitments

The Hindu

Only one family doing well in India, and that is Adanis: Udhayanidhi Stalin

Udhayanidhi Stalin hit back at PM Modi's allegations of nepotism in DMK, saying only Adanis were doing well in India. He highlighted TN govt's schemes benefiting crores of people & criticized CAG report on Union govt's corruption. He urged people to vote out AIADMK in 2021 & return I.N.D.I.A. to…

The Hindu

Solace in fits and starts

Kerala has a social security triumph, by ensuring the economically challenged get a pension, but it also has a payment tribulation, with amounts this year delayed by four months.

Dynamite News

CAG of India elected as Vice-Chair of UN Panel of External Auditors

Comptroller and Auditor General of India, Girish Chandra Murmu, was elected as the Vice-Chair of the UN Panel of Auditors for the forthcoming year. Read further on Dynamite News:

The Hindu

T.N. converting 14 of its societies into Section 8 companies for better efficiency, administration

TN govt converting 14 societies into Section 8 companies to improve functions, make them available for scrutiny. Conversion will enable CAG audit, statutory audit, internal audit, tax audit, Secretarial audit & other check mechanisms. Process in various stages of completion.

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