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The CAG Final Report tabled in Parliament put the figure at ₹ 185,600 crore (US$21 billion) [38] While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal.
The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...
Design–build is sometimes compared to the "master builder" approach, one of the oldest forms of construction procedure. Comparing design–build to the traditional method of procurement, the authors of Design-build Contracting Handbook noted that: "from a historical perspective the so-called traditional approach is actually a very recent ...
A recent report by the comptroller and auditor general of India (CAG) has pointed out that the cost to benefit ratio of the project is 1:0.75 in contrast to the state govt.'s claim of 1:1.5. [14] In addition, by taking in to account the escalated costs for lifting the third TMC, the ratio comes down to 1:0.52.
The CAG also recommends a timely payment of unemployment allowance to the rural poor and a wage material ratio of 60:40 in the NREGA works. Moreover, for effective financial management, the CAG recommends proper maintenance of accounts, in a uniform format, on a monthly basis and also enforcing the statutory guidelines to ensure transparency in ...
The CAG Final Report tabled in Parliament put the figure at ₹ 1,856 billion (US$21 billion) [2] On 27 August 2012 Indian prime minister Manmohan Singh read a statement in Parliament rebutting the CAG's report both in its reading of the law and the alleged cost of the government's policies. [3] [4] [5]
After the Satyam scandal took place in 2009, the Standing Committee on Finance proposed the concept of the National Financial Reporting Authority (NFRA) for the first time in its 21st report. [3] Companies Act 2013, then gave the regulatory framework for its composition and constitution. The Union Cabinet approved the proposal for its ...
The DPs form part of the audit reports if it is justified and approved by the CAG of Bangladesh. A list of audit directorates are given below: 1. Directorate of Civil Audit 2. Directorate of Revenue Audit 3. Directorate of Commercial Audit 4. Directorate of Works Audit 5. Directorate of Transport Audit