Comptroller and Auditor General of India (CAG)

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

CAG rebuffs Reliance on gas audit terms

RIL had sought, inter alia, to restrict KG-D6 block audit to accounting books and records Refusing the demands of the Mukesh-Ambani-owned Reliance Industries Limited (RIL), the Comptroller and Auditor General (CAG) has stated that the operator’s “restrictive conditions” for carrying out an audit of the KG-D6 offshore block “impinge upon …

CAG draws line on RIL: Full access, free audit

New Delhi: A day after the petroleum ministry had to cancel a meeting between officials of Reliance Industries Limited and the comptroller and auditor general (CAG), the auditor asserted that it was entitled to access all documents related to RIL’s contract with the government for exploration of KG basin gas. …

No proposal to raise RIL gas price till 2014, says OilMin

Says DGH examining company plan to bring back reserves to 3.4 tcf A day after being criticised by India Against Corruption (IAC), the government came out strongly against media reports related to its audit and gas pricing of the KG-D6 block, operated by Reliance Industries Limited (RIL). The government reiterated …

CAG brushes aside terms set by RIL

The audit of the contractor's accounting books and records ..will be an independent stand-alone audit as contemplated by the PSC and subject to confidentiality arrangements between the parties to the PSC which includes the Government The office of the Comptroller and Auditor General of India (CAG) said on Thursday it …

Goa Speaker accepts PAC report on illegal mining

PANAJI, 1 NOV: The controversial PAC report of Goa Assembly on illegal mining, which indicted former chief minister Digambar Kamat and some Congress leaders, has been accepted by Speaker Rajendra Arlekar after it had been junked by his predecessor Pratapsingh Rane. The report which pegged illegal mining in Goa at …

After change of guard, CAG-RIL meet on audit issue postponed

The postponement conveyed by Petroleum Ministry to CAG on October 29 Only days after the change of guard in the Petroleum and Natural Gas Ministry, the “Entry Conference” by the Comptroller and Auditor General (CAG) with the Petroleum Ministry officials and representatives of Mukesh Ambani-owned Reliance Industries Limited (RIL) to …

PAC questions basis of coal block recommendations

Ahead of its Odisha visit scheduled for November 2, a nine-member public accounts committee (PAC) of the Parliament has asked the state government to clarify the basis on which recommendations were made for award of coal blocks to companies. The PAC is also keen to be informed on whether the …

Only 1% forest land demarcated, rest prone to encroachment in Jammu

Despite SC ban, 123 saw mills operating within prohibited area *Funds meant for forest protection used to purchase ACs JAMMU: In what could be termed as insensitivity towards the green gold wealth, only one per cent of forest land has been demarcated in Jammu district by the Forest Department thereby …

Sunday shock: Oil proves too slippery for Jaipal Reddy

New Delhi: The single biggest surprise on Sunday was easily S Jaipal Reddy’s transfer from the petroleum ministry, with many viewing it through the prism of his runins with corporate interests. Although the affable Reddy is expected to take up his new assignment at the science and technology ministry on …

RIL demand for not placing CAG audit report before Parliament rejected

Rejecting the contention that Reliance Industries Limited (RIL) has been given any kind of leverage in grant of approvals, the Central Government, on Thursday, asserted that not only it had turned down RIL’s demand that the CAG audit report, when finalised, not be placed before Parliament but also pressurised it …

CIL Too Tied Down to Increase Output

Expansion of existing blocks was held up for environmental clearance, new blocks were either unexplored or partially explored For all the problems that plague thermal power plants across India -- coal stocks of just one week or projects struggling to come up for want of assured coal -- Coal India …

Reliance Industries gets nod to raise KG-D6 production

Oil Ministry says CAG can’t do performance audit of the company After months of intense stand-off, the Oil Ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6, and agreed that CAG cannot do a performance audit of the company. The Ministry, on …

RIL’s KG-D6 output plan approved

Business: Holding out hope for the future of Reliance Industries’ showcase KG-D6 hydrocarbon assets and India’s mining and energy industries, the government and the company have agreed on a development plan for the block, which has seen a precipitous decline in gas output. The RIL-BP consortium can now go ahead …

Ministry exempts RIL from CAG's performance audit

Clears KG-D6 investment plan RIL also allowed to declare commerciality of certain wells in NEC 25, KG-D6 The face-off between the government and Reliance Industries Ltd (RIL) is nearing an end, with the petroleum ministry agreeing to exempt the country’s largest private sector petroleum company from a performance audit. Simultaneously, …

Govt okays Reliance plan to boost KG-D6 output

After months of intense stand-off, the oil ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6 oilfield and agreed the Comptroller & Auditor General of India could not do a performance audit of the company. The ministry sent a letter on Tuesday …

J&K govt diverted 1,883 hectares of forestland in Jammu: CAG

The CAG has pulled up the State Forest Ministry for allegedly diverting 1,883 hectares of forest land for non-forest purposes in violation of the rules in this district of Jammu and Kashmir. The report released by the Comptroller and Auditor General of India this month also found that Jammu accounts …

FinMin defends NIB grievance redressal proposal

Responding to the Environment Ministry’s criticism of the National Investment Board (NIB) proposal on grievance redress mechanism — aggrieved investors will be allowed to approach the NIB for redressal in the event any ministry hands out an unfavourable verdict — the Finance Ministry has argued that aggrieved parties can equally …

RIL not allowing CAG audit: OilMin to PMO

The petroleum ministry has informed the Prime Minister’s Office that it has not given a final nod to RIL’s plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil Secretary G C Chaturvedi told at …

DGH solution for KG-D6-type disputes

New Delhi The leeway for oil producers to stagger or defer sharing of profit with the government could go. The upstream oil regulator has proposed that these companies earmark a defined fraction of their revenue for the government, right from the start of production. Currently, producers can decide whether and …

RIL not allowing CAG audit: Oil min

NEW DELHI, 17 OCT: The oil ministry has informed the Prime Minister's Office (PMO) that it has not given final nod to Reliance Industries' plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil secretary …

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