SC says CAG is Allowed to Audit Private Telecom firms

Mukesh Ambani–backed SEZ owes govt. agency Rs.237 cr.: CAG
  • SC clears deck for CAG audit of private firms earning and sharing a part of revenue from natural resources like spectrum with govt.
  • Association of Unified Telecom Services Providers appeal against such a step rejected, CAG could audit telecom firms in private sector.
  • SC bench argues such audit imperative to ensure private firms does not make any illegal earnings, says Parliament be kept in loop in the matter.

Exams Perspective:

  1. CAGI
  2. Types of Audit
  3. 2G Scam
  4. TRAI