Data | Indian Railways spent ₹101.77 for every ₹100 earned in FY19, says CAG

The internal revenue generated by the Railways through ticket sales and freight earnings consistently fell short of the Budget estimates in the last five fiscals The Indian Railways spent more money than it earned in FY19, according to the CAG’s latest audit report. In the last five years, the Railways …

Read moreData | Indian Railways spent ₹101.77 for every ₹100 earned in FY19, says CAG

The Hindu Explains | Where are the funds collected through cess parked?

What has the Comptroller and Auditor General of India found in its audit of government accounts? The story so far: The Comptroller and Auditor General (CAG) of India, in its latest audit report of government accounts, has observed that the Union government withheld in the Consolidated Fund of India (CFI) …

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CAG moots probe over cess accounting dodge

Auditor wants officials investigated for incorrectly recording ₹10,250 cr. of additional duties on fuels as non-tax receipts The Comptroller and Auditor General (CAG) of India has mooted an investigation against the Central government’s accounting officials for incorrectly recording ₹10,250 crore of cess receipts from additional excise duties on petrol and …

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Sale of PSU to other PSU not disinvestment, observes CAG

The strategic sale of four public sector units to other public sector entities in 2018-19 by the Central government has been sharply criticised by the Comptroller and Auditor General (CAG) of India in an audit, tabled in Parliament. “Such disinvestments only resulted in transfer of resources already with the public …

Read moreSale of PSU to other PSU not disinvestment, observes CAG