Caught in a bind, the Kerala CPI (M) strategy is now “attack is the best defense” and, after attacking national investigative agencies, it is the CAG that raged on Sunday. The Minister of Finance of the State, Thomas Issac, was hammer and pliers against the Comptroller and Auditor General. The …
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Finance Minister Nirmala Sitharaman told bankers on Tuesday to only issue Rupay cards as the first choice for customers, and also to deposit all bank accounts with the Aadhar number and, when necessary, with the pan card for December this year. “Rupay should be the only card you should promote,” …
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NEW DELHI : The temporary withholding of goods and services tax (GST) in the Consolidated Fund of India (CFI) in fiscal year 2018 and fiscal year 2019 is not a diversion of funds, an official from the Ministry of Finance said in response to an observation made by the Comptroller …
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In his audit report of government accounts, the Comptroller and Auditor General (CAG) noted that the amount would be credited to the non-cancellable GST Compensation Cess fundraising fund for payment to the states for loss of income due to implementation of GST since 2017, but the government did not do …
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NEW DELHI: The CAG discovered that the Union government in the first two years of the GST implementation erroneously withheld Rs 47,272 crore of GST compensation cease It was specifically intended to be used to compensate the states for lost income. In his audit report on the government accounts, the …
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Written by Harikishan Sharma | New Delhi | Updated: September 25, 2020 8:55:20 am The government, instead of transferring the full amount of the GST tax to the GST compensation fund, withheld it in the CFI and used it for other purposes. (Proceedings) Citing the opinion of India’s Attorney General, …
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The modernization of the Indian Air Force Mi-17 medium-lift helicopters, proposed in 2002, has not been achieved, compromising the operational readiness of the fleet, India’s chief auditor said in a report presented at Parliament on Wednesday. The Comptroller and Auditor General (CAG) said the helicopters were flying with limited capacity, …
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Two weeks after the Indian Air Force (IAF) formally installed five of the 36 Rafale jets ordered from France under a 59 billion rupee deal, the country’s lead auditor said on Wednesday that the aircraft’s maker Dassault Aviation and arms supplier MBDA have not confirmed the transfer of technology (ToT) …
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The CAG released its report on Wednesday. The CAG also painted a grim picture of the effectiveness of India’s compensation policy, saying it did not find a single instance of foreign suppliers transferring high-tech to the industry. News18.com New Delhi Last update: September 23, 2020 11:17 PM IST FOLLOW US: …
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NEW DELHI: France’s Dassault Aviation and another French company, MBDA, had proposed to meet 30% of their compensation obligation in the ₹59,000 crore deal for 36 Rafale jets by offering cutting-edge technology to India’s Defense Research and Development Organization (DRDO), but failed to do so, said a report by India’s …
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