Comptroller and Auditor General

Facing questions over jurisdiction, Comptroller and Auditor General (CAG) Vinod Rai has said the watchdog has got 'unfettered' powers to conduct 'performance audit' which includes going into issues like 2G spectrum allocation and profit-sharing in petroleum. Referring to the controversy surrounding gas allocation from KG-D6 basin, he said the audit in this case was done under the "aegis" of the Oil and Petroleum Ministry and made it clear that CAG was seeking a response .. Full Article

Government auditor CAG today recommended tighter tax norms, including mandatory TDS, for the Indian cinema and television industry, which is estimated at over Rs 36,000 crore. Concerned over tax evasion and the need to widen tax base, the Comptroller and Auditor General (CAG) in its report tabled in Parliament, suggested that payments for sale of distribution rights of films and time slots to television channels should be subject to the provisions of Tax Deduction at So.. Full Article

Bigger corporate you are, the lesser tax you pay as more exemptions are available to you, the Comptroller and Auditor General (CAG) has found. As against the statutory 33.9%, 179 top companies with profit before tax (PBT) of Rs 500 crore and above paid an effective tax rate of 22.1% in 2008-09. Full Article

Telecom Minister Kapil Sibal] said on Tuesday he is in favour of the Comptroller and Auditor General's proposal to conduct an audit of the total available spectrum in the country with a focus on how much was allocated to private operators from 2000 onward and at what cost. Full Article

Amid instances of corruption in MNREGA implementation, government has decided to tighten the audit system, which includes broadening the scope of the Comptroller and Auditor General (CAG) in the scheme. Full Article

Telecom tribunal TDSAT has set aside a DoT directive that asked phone companies to submit their books for CAG audit, saying that it was arbitrary. The TDSAT bench, headed by its chairman Justice S B Sinha, set aside the directive on the grounds that Full Article

The Comptroller and Auditor General on Monday said that audit of certain activities of Department of Space (DoS) were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its Full Article

As overseas remittances continue to jump, the Comptroller and Auditor General (CAG) is concerned that the tax collections have not matched the growth in foreign exchange earnings amid fears that some of these transactions may have completely escaped Full Article