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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....
In November 2006, Government of Mizoram responded to the recommendations of the Twelfth Finance Commission (TFC) by legislating its "Fiscal Responsibility and Budget Management (FRBM) Act" to ensure prudence in fiscal management and fiscal stability ...
Government of Meghalaya responded to the Twelfth Finance Commission's (TFC) recommendation by legislating 'Meghalaya Fiscal Responsibilities and Budget Management (MFRBM) Act' in November 2006. It sets out a reform agenda through fiscal correction...
This Report on the Finances of the Government of Manipur is being presented to the State Legislature, along with the Finance and Appropriation Accounts, with a view to assess objectively the financial performance of the State during the year...
This Report includes five chapters containing five performance reviews, including integrated audit of Agriculture Department. 19 (excluding general paragraphs) paragraphs dealing with the results of audit of selected schemes, programmes,...
In January 2006, the Madhya Pradesh Government enacted the Fiscal Responsibilities and Budget Management (FRBM) Act. It laid down a reform agenda through a fiscal correction path in the medium term with the long term goal of securing growth...
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...
In October 2005, Uttarakhand 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...