The Comptroller and Auditor General of India (CAG) alleged that the union shipping ministry and some port authorities floated norms and this cost an estimated loss of Rs 1.5 lakh crore. In its report, the CAG found that some port authorities allowed unauthorised agents to carry out onshore operation without sharing royalty with the ports
Tag: Comptroller and Auditor General of India
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Road Ministry receives flak from CAG for lack of monitoring
The government auditor Comptroller and Auditor General (CAG) of India rapped the Union Ministry of Road Transport and Highways for spending less than the grants specified. It also rebuked the Ministry its lack of monitoring and expenditure control.
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CAG finds fault with ONGC’s hiring of rig
A report by the Comptroller and Auditor General of India (CAG) found fault with ONGC for hiring a rig from Reliance Industries (RIL) in 2009 for six months at a cost of Rs 146.7 crore without bidding. While ONGC hired it in 2009 on grounds that it needed the equipment to drill three wells urgently, the CAG report suggests the rig was not necessary going by the
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Vizhinjam port unable to use new wharf
Owing to structural shortcomings and insufficient infrastructure facilities, Vizhinjam port is unable to use a wharf, which was newly constructed at a cost of Rs 8.87 crore. A report by the Comptroller and Auditor General of India (CAG) shows facilities like compound wall, transit shed and storage facility were not available for the newly constructed wharf. Four years ago, the port depa
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CAG team resumes audit of RIL’s KG-D6 operation
Following assurance from the union petroleum ministry, the officials of the Comptroller and Auditor General of India (CAG) resumed audit of the KG-D6 gas field operated by Reliance Industries (RIL). Recently, the team of CAG arrived at the Mumbai officie of RIL for this purpose. The CAG received assurance from the oil ministry that the auditing team would have acce
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Oil ministry takes efforts to ensure CAG’s audit
Union Petroleum Secretary Vivek Rae said his ministry was making all efforts to see that the Comptroller and Auditor General (CAG) is able to audit Reliance Industries' (RIL) spending on KG-D6 block. He said there have been some differences between CAG and RIL on the scope of audit but they are being resolved. He expressed hope that CAG would be able to resume audit by either month or early next
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Minister asks secretary to address RIL issue
Union Petroleum Minister Veerapa Moily asked the newly appointed oil secretary Vivek Rae to take steps to resolve the difference of opinion between Reliance Industries (RIL) and the Comptroller and Auditor General (CAG). Following the direction, Rae is reportedly making efforts to resolve some differences between the company and the auditor
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CAG to conduct comprehensive audit
The Comptroller and Auditor General (CAG) will conduct two separate "performance audits" in the oil and gas sector. The first one pertains to the government's role in the supply and pricing of natural gas between 2007-08 to 2011-12, which will cover the pricing of RIL's KG-D6 gas, its allocation to various consumers and supply cuts due t
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Panel upholds CAG’s right to audit blocks
The Rangarajan Committee on oil and gas sector opined that it was the prerogative of the Comptroller and Auditor General of India (CAG) to audit expenses incurred by block operators. The panel, which submitted its report to the union government recently, suggested that the blocks with low value can be audited by panel of auditors formed by CAG and f