Photo: Reuters
India's CAG Murmu Elected As External Auditor At IAEA
At the Vienna International Center, India left behind Germany, UK and Turkey to bag IAEA external auditor position. The International Atomic Energy Agency (IAEA), aimed at promoting peaceful use of Nuclear Energy. After the first round of voting Germany stood at 36 votes, followed by India (30), the UK (08), Russia (11), Turkey (09), Egypt at (20) and Republic of Korea (02). After beating Germany, incumbent CAG Murmu was elected.
Tags: Nuclear Power, IAEA, auditor of iaea, India, Germany, CAG
Courtesy: Hindustan Times
Photo: Bloomberg Quint
Finance Ministry on CAG's Report: Haven't Used GST Funds For Other Purposes
Finance Ministry on September 26, refused allegations imputed on them by the Comptroller and Audit General (CAG) which stated that Government used GST funds elsewhere. Denying allegations of CAG, FM stated that holding the GST compensation receipt cannot be considered as diversion of fund. Earlier, CAG reported that Rs 47,272 crore were used for "other purposes" which were supposed to use as a compensation for the states in case of the… read-more
Tags: Nirmala Sitharaman, CAG, GST, FINANCE MINISTRY
Courtesy: India Today
Photo: India Strategic
CAG Disagrees With Upgradation Of 56 Mi-17 Helicopters, Calls It Unproductive
CAG stated that retrofitting 56 Mi-17 helicopters of the Indian Air Force is not a sound decision. Currently operating at limited capability, after upgradation, the choppers will be left with a 2-year life; hence, 223 crore expenditure would be unproductive, stated CAG. Earlier, In 2002, IAF tried upgradation proposal to 172 helicopters which was later sliced to 90 helicopters. Israel’s Elbit Systems has agreed to help HAL and BEL in… read-more
Tags: CAG, Mi-17 helicopter, Defence, Ministry of defense, Indian Air force
Courtesy: The Hindu
Photo: Tomorrow Makers
GST Law Violated By Centre, Funds Used Elsewhere: CAG
CAG in its recent report stated that the Centre has violated GST law by retaining Rs 47,272 crore in CFI's Fund. This money was meant to be transferred in GST compensation fund, which aims to offset the revenue loss of the states. CAG stated that the Centre used these funds for "other purposes" which "led to an overstatement of revenue receipts and understatement of fiscal deficit for the year".
Tags: GST, Nirmala Sitharaman, CAG, Central Government
Courtesy: The Indian Express
