Comptroller and Auditor General’s report has found d out that The City and Industrial Development Corporation (CIDCO) has failed to collect dues of Rs.237 cr from the Navi Mumbai Special Economic Zone (NMSEZ) developed by Mukesh Ambani’s group The development work was taken by Public Private Partnership mode; CIDCO formed a Special Purpose Vehicle (SPV) to develop the SEZ on … [Read more...] about Mukesh Ambani–backed SEZ owes govt. agency Rs.237 cr.: CAG
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5-Member Panel to Oversee Temple Matters
SC authorises 5 member committee headed by Thriruvananthapuram Judge to administer management of the Sree Padmanabhaswamy Temple. Temple’s current executive officials asked to go on leave, Ex-CAG Vinod Rai asked to take up audit of properties, accounts and assets of the temple. SC order no temple property should be sold or dealt with till fresh orders, warns royal family … [Read more...] about 5-Member Panel to Oversee Temple Matters
CAG Scan Of The Private Sector
The Supreme Court’s ruled that the Comptroller and Auditor General of India can audit private telecom firms or even any entity using a public resource in its business and sharing revenue with the government. The rationale behind this being that : when the Executive deals with natural resources, such as spectrum, Parliament should be aware of how the country’s wealth has … [Read more...] about CAG Scan Of The Private Sector
Amicus Curiae seeks audit of temple wealth
Amicus Curiae alleges mismanagement of Sree Padmanabha Swamy temple wealth, seeks audit of same by Ex- CAG of India Vinod Rai. Amicus Curiae report seeks SC directive to temple trustee and family members to keep away from daily management of temple works Audit of temple, allied institutions’ management in last 25 years, Rai to take possession of and seal trust properties’ … [Read more...] about Amicus Curiae seeks audit of temple wealth
SC says CAG is Allowed to Audit Private Telecom firms
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 … [Read more...] about SC says CAG is Allowed to Audit Private Telecom firms