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Aug 20, 2018
As health crises in country grow, 29% of funds with states remain unspent over 5 years: CAG reportState governments had to release the money to state health societies within 15 days of receiving it, and if they failed to do so state governments were liable to pay interest — 5.75 percent to 7.25 percent
Aug 09, 2018
Bofors pales in comparison to Rafale scam, say Yashwant Sinha and Arun Shourie; Jaitley, Sitharaman defend govtThe Rafale deal is a case of "monumental criminal misconduct" by the NDA government and the scam involving it is much bigger than the Bofors scandal, former Union ministers Yashwant Sinha and Arun Shourie have alleged, demanding a time-bound probe into the contract by national auditor CAG.
Aug 08, 2018
CAG raps IIFCL: Ill-timed, poorly assessed Rs 900 cr loan to Jaypee Infratech caused over Rs 1,000 cr build-up of bad assetsIIFCL sanctioned and disbursed the loan at a time when the real estate industry was in strain
Jul 21, 2018
Higher flexi-fares in Rajdhani, Shatabdi, Duronto will 'force' passengers to opt for airlines, warns CAG to RailwaysA comparison with air fare for 13 sectors showed that travelling in aeroplane was cheaper than using the Railways for a large number of routes
Jul 10, 2018
CAG blames CMDA for 2015 Chennai floods, says it failed to check large-scale constructions along waterwaysThe December 2015 floods in Chennai were result of failure of CMDA, the city development authority, to check large-scale construction along waterways, CAG said.
Jun 20, 2018
Arvind Subramanian quits as CEA; thanks his team and says he's committed to serving the country in futureUnion Minister Arun Jaitley said that Arvind Subramanian will be leaving the ministry after nearly 4 years because of "pressing family commitments"
Jun 19, 2018
Railways mull Rs 6,250-cr 'airplane-like' replacement to flawed bio-toilets after already spending Rs 1,620 cr on upgradeHaving spent billions on installing bio-toilets in trains, railway ministry is now considering 'upgraded' vacuum bio-toilets at a cost of Rs 6,250 crore.
Jun 05, 2018
Aircel-Maxis case: Relief for former finance minister P Chidambaram; no arrest till 10 JulyFormer Finance Minister P Chidambaram who is expected to depose before the Enforcement Directorate (ED) at 11 AM today in connection with the Aircel-Maxis money laundering case has been granted relief in the case,
May 21, 2018
Problem in bond market is root cause of banking sector crisis, says CAG Rajiv MehrishiCAG of India Rajiv Mehrishi said root cause of banking sector crisis in India is the problem in bond market as RBI acts as regulator as well as a trader
Apr 07, 2018
Visva-Bharati University paid honorarium of over Rs 1 crore between 2013-2017 without HRD ministry's approval: CAG reportThe Visva-Bharati University paid an honorarium of over Rs 1 crore from March 2013-17 in violation of norms, a CAG audit has pointed out.