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In order to secure fiscal stability and sustainability by eliminating revenue deficit and reducing fiscal deficit within a time frame and transparency in fiscal operations, the Twelfth Finance Commission recommended enactment of fiscal...
Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by CAG. These accounts are also subject to supplementary audit conducted by CAG....
The Report includes three chapters containing five reviews, one long paragraph and 24 paragraphs dealing with the results of performance audit of selected programmes and schemes as well as audit of the financial transactions of the Government. The...
With the creation of Uttarakhand in November 2000, its hydro-power potential was recognized as key to the development of the State. The Government chalked out an ambitious plan to harness its hydropower potential through the concerted efforts of...
This Report includes five chapters with three performance reviews, an Integrated Audit and 28 other paragraphs (including one general paragraph) dealing with results of audit of selected schemes, programmes and the financial transactions of the...
In Karnataka, fiscal reforms and consolidation were brought to the forefront with the State Government formulating the first Medium Term Fiscal Plan (MTFP) for the period 2000-05 based on broad parameters of fiscal correction laid down by the...
This Report comprises three Chapters. Chapter I includes four performance audit reviews, Chapter II includes 25 paragraphs on audit of financial transactions of various Government departments and Chapter III includes a report on an integrated audit...
Recognising the importance accorded by the Planning Commission, Government of India for a district-centric approach to devolution of finances for an integrated local area development, a district centric audit of Sirmaur district was carried out to...
This Report has been prepared for submission to the Governor under Article 151 of the Constitution. Chapter-1 of this report indicates auditee profile, authority for audit, planning and conduct of audit, organisational structure of office of the...
In April 2005, Himachal Pradesh Government responded to the Twelfth Finance Commission's recommendation by legislating its "Fiscal Responsibilities and Budget Management Act (FRBM)." It sets out a reform agenda through fiscal correction path in the...