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Tax holiday proposed for oil block auction to woo global cos

Jan 14, 2014

Tax holiday proposed for oil block auction to woo global cos

The ministry recommended shifting to a revenue-sharing model from the current production sharing contract (PSC) framework, which allows explorers to recover their costs from commercial discoveries before sharing profit with the government. #CAG #NewsTracker #Veerappa Moily #Comptroller and Auditor General #Ministry of Petroleum and Natural Gas #CCEA #PSC #Rangarajan Committee #Finance Bill 2011 #ULP
CAG can audit private telecom operators, rules Delhi High Court

Jan 06, 2014

CAG can audit private telecom operators, rules Delhi High Court

A bench of justices Pradeep Nandrajog and V Kameswar Rao permitted the top accounting body to conduct audit of private telecom companies under the Telecom Regulatory Authority of India (TRAI) Act. #CAG #NewsTracker #Comptroller and Auditor General #audit #telcos #Telecom companies #Private telecom operators
CAG raps Isro for allowing foreign satellites in Indian orbit slot

Sep 06, 2013

CAG raps Isro for allowing foreign satellites in Indian orbit slot

The report also referred to instances of weaknesses in the procurement and contract management systems of some of the scientific institutions, resulting in unfruitful expenditure. #ThatsJustWrong #ISRO #Comptroller and Auditor General #SATCOM policy #INSAT 2 DT
CAG slams railways for lack of hygiene, ignoring Railway Board's guidelines

Aug 13, 2013

CAG slams railways for lack of hygiene, ignoring Railway Board's guidelines

The Comptroller and Auditor General has slammed Railways for not effectively implementing Railway Board's guidelines for mechanised cleaning of major stations and not taking effective pest control measures in coaches #CAG #Railway Board #Comptroller and Auditor General #Railways #Railway Ministry #trains #food hygiene #rail infrastructure
Bhushan files PIL against new CAG, alleges conflict of interest

Jun 03, 2013

Bhushan files PIL against new CAG, alleges conflict of interest

The Aam Aadmi Party had said that the appointment of the new CAG was unconstitutional since Sharma was joint secretary, additional secretary, director general (acquisition) and defence secretary in the defence ministry since 2003. #Politics #India #Prashant Bhushan #CAG #NewsTracker #Supreme Court #PIL #Comptroller and Auditor General #defence ministry #Shashi Kant Sharma #AgustaWestland

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Bhushan files PIL against new CAG, alleges conflict of interest

Jul 09, 2014

Bank inquiry turns to the civil service 
for advice

NINE advisors have been selected to help set the terms of the banking inquiry - with the vast majority either public servants or academics. The inquiry committee, meeting in private yesterday, set out the membership of the so-called ad-hoc advisory g...
Bhushan files PIL against new CAG, alleges conflict of interest

Jul 09, 2014

Finances under fire as harbours are owed €5m in rent and fees

REPEATED failures to collect fees and rent have resulted in fishery harbours being owed more than €5m. A report from the Comptroller and Auditor General (C&AG) says poor financial controls have resulted in bills being submitted late, resulting in...
Bhushan files PIL against new CAG, alleges conflict of interest

Jul 05, 2014

Economists Colm McCarthy and Megan Greene to advise banking inquiry

THE Committee that will agree the terms of the Oireachtas banking inquiry will be advised by a number of economists, including Colm McCarthy and Megan Greene. The inquiry will focus on the collapse of the industry which resulted in €60bn being pumped... #Dublin, Ireland #John Shaw #Trinity College, Dublin