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By Joe C. Mathew, Dipak Mondal, Sumant Banerji, Venkatesha Babu, Manu Kaushik
Delhi, August 22, 2016
Last year, the government provided budgetary and extra budgetary support of Rs 92,000 crore to its companies and only got back Rs 56,000 crore as dividends. Here's why it shouldn't keep throwing more money into this bottomless pit.


Dipak Mondal
August 12, 2016
In a report tabled in Parliament, CAG has said that the real savings from DBTL, or PAHAL as the scheme is also called, would be Rs 4,813 crore in 2015/16 instead of the Ministry of Petroleum and Natural Gas (MoPN&G) estimate of Rs 9,211 crore.


PTI
New Delhi, August 9, 2016
A Comptroller and Auditor General report this year found that six telecom operators understated revenue by Rs 46,045.75 crore, for four financial years 2006-07, 2007-08, 2008-09 and 2009-10, the government said in Parliament on Tuesday.


PTI
New Delhi, August 8, 2016
In a report tabled in Parliament, the Comptroller and Auditor General of India (CAG) said ONGC 'over-reported' its crude oil production by 12 per cent through inclusion of items like condensate in the output.


By Dipak Mondal
Delhi, August 13, 2016
The gravity of the situation can be gauged from the fact that at the end of 2014/15, the amount stuck in different tax disputes (direct and indirect taxes) at different levels of adjudication and appeals were worth Rs 7.7 lakh crore. Of these, disputes related to direct taxes alone accounted for Rs 6.15 lakh crore.


Mail Today Bureau
New Delhi, August 3, 2016
A CAG report tabled in Parliament on Tuesday laments that many of the issues pointed out in previous audits (2006-12) of the production sharing contract (PSC) block persisted in 2012-14.


Dipak Mondal
July 26, 2016
The Comptroller and Auditor General of India (CAG) has pointed out that many qualified bidders in the e-auction of coal mines in 2015 were from the same company - parent/subsidiary, coalition or joint ventures - due to which the auctions may not have achieved the \"potential level of competition\".


PTI
Thiruvananthapuram, June 9, 2016
First political opposition to a proposed merger of SBI with the parent.


Anup Vijay Kulkarni
June 1, 2016
The Companies Act, 2013 (\"the Act\") considered to be one of the significant legal reforms in India, aims to bring Indian Company Law in line with global standards, and focuses on governance and ease of doing business in India.


Jinsy Mathew
May 20, 2016
The Business Today-Money Today Financial Awards recognised the top performers across banks, mutual fund and insurance sectors.


PTI
New Delhi, May 12, 2016
Credit offtake to industry, which has seen decline in the recent past due to slowdown in certain sectors and issues related to bad loans, is likely to see an uptick from next month, Bank Board Bureau chief Vinod Rai said on Thursday.


By Anand Adhikari
Delhi, May 2, 2016
The government plans to shake up the traditional governance structures of public sector banks. But it is easier said than done.


PTI
New Delhi, April 29, 2016
CAG in its latest report tabled observed that during 2013-14, there was a loss of Rs 31,727.44 crore on passenger and other coaching services.


Abhishek Waghmare
April 25, 2016
The Rs 1.65-lakh-crore cess-collection is an increase of 22 per cent from 2015-16 and double the cess collection of Rs 83,000 crore ($12.7 billion) in 2014-15, according to an IndiaSpend analysis of budget data.


PTI
Mumbai, April 9, 2016
The maiden meeting of the newly-constituted Bank Board Bureau (BBB) on Friday discussed board-level vacancies as well as recognising stressed assets and resolving issues around them.


PTI
New Delhi, April 9, 2016
The Supreme Court on Friday dismissed a PIL challenging the grant of 4G licences to Mukesh Ambani's Reliance Jio Infocomm Ltd (RJIL), saying no undue favour was shown to the firm by the government and there was no loss to the exchequer.


By Dipak Kumar Mondal
Delhi, March 5, 2016
Despite opacity around the use of funds, the Centre introduces two new cesses in Budget 2016.


BT Online
February 29, 2016
The Union Finance minister, Arun Jaitley, today allocated Rs.25,000 crore towards the recapitalisation of state-run banks  in the next fiscal. The fund will be disbursed through three trenches.


By Dipak Mondal
Delhi, January 13, 2016
The report says Rs 64,000 crore was collected as cess on secondary and higher education between 2005/06 and 2014/15. \"Neither was a fund designated nor were schemes identified for the same,\" it says.


PTI
New Delhi, December 30, 2015
This is the first Russian-Indian high-tech project implemented by the Indian government within the framework of the 'Make in India' programme.


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