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CAG of India signs MoU with U.A.E. Accountability Authority
3 months, 3 weeks ago

CAG of India signs MoU with U.A.E. Accountability Authority

The Hindu  

The Comptroller and Auditor General of India has signed a Memorandum of Understanding with the Accountability Authority of the United Arab Emirates during a bilateral meeting with its President in Abu Dhabi. “The objective of this MoU is to promote and develop cooperation between the two SAIs in order to strengthen the respective institution’s professional capacity and improve methodologies in …

India Mou Cag Sai
CAG signs pact with General Court of Audit of Kingdom of Saudi Arabia
3 months, 3 weeks ago

CAG signs pact with General Court of Audit of Kingdom of Saudi Arabia

The Hindu  

The Comptroller and Auditor General of India has signed a pact with the General Court of Audit, Kingdom of Saudi Arabia to strengthen cooperation and exchange of expertise between the two nations in the field of public sector auditing. The area of cooperation encompasses conducting joint training programmes on topics related to financial, performance and compliance audits and exchange of …

Audit Saudi Arabia Cag Signs Pact General Court General Court Of Audit
CAG signs MoU with IIT Delhi on Artificial Intelligence
9 months ago

CAG signs MoU with IIT Delhi on Artificial Intelligence

The Hindu  

The Comptroller and Auditor General of India on March 20 signed a Memorandum of Understanding with Indian Institute of Technology Delhi on Artificial Intelligence. Speaking on the occasion, Mr. Murmu said the MoU marked a significant milestone in the journey towards leveraging AI and other emerging technologies for the advancement of audit practices, and beyond. “It is noteworthy to mention …

India Iit Ai Mou Cag Murmu Iit Delhi
UDAY scheme: Kerala State Electricity Board draws flak from CAG
2 years ago

UDAY scheme: Kerala State Electricity Board draws flak from CAG

The Hindu  

The Comptroller and Auditor General of India has found that the financial losses of the Kerala State Electricity Board shot up by 161.47% and long-term debt by 318.72% between 2015-16 and 2020-21. ‘Smart metering’ Under UDAY, smart meters were planned for consumers with monthly usage above 200 units, but Kerala failed to implement it, although a Central government grant of …

Kerala Financial State Crore Smart Scheme Cag
Defence Ministry scraps offset clause in Rafale-like deals in aftermath of CAG report
4 years, 2 months ago

Defence Ministry scraps offset clause in Rafale-like deals in aftermath of CAG report

India Today  

CAG, in its recent defence offset report tabled in Parliament, made stern observations about foreign firms such as Dassault Aviation not meeting obligations of domestic investment undertaken at the time of securing procurement contracts. With the offset clause, like in the case of procurement of 36 Rafale jets from France, the manufacturer Dassault Aviation and MBDA were mandated to invest …

India Contract Defence Crore Cent Vendors Cag
Rafale deal: CAG pulls up MBDA and Dassault for violating offset clause
4 years, 3 months ago

Rafale deal: CAG pulls up MBDA and Dassault for violating offset clause

Deccan Chronicle  

CAG report on “management of defence offsets” said on Wednesday that French company Dassault Aviation and European missile maker MBDA has not transferred technology to DRDO which they had initially proposed in the 59,000 crore deal for 36 Rafale jets. CAG in its report submitted in Parliament said that in many cases, it was found that the foreign vendors made …

India Defence Indian Crore Cag Rafale Drdo
Rafale vendors yet to confirm technology transfer under offsets: CAG
4 years, 3 months ago

Rafale vendors yet to confirm technology transfer under offsets: CAG

The Hindu  

French aerospace major Dassault Aviation and European missile maker MBDA have till date “not confirmed” the transfer of technology for the indigenous development of engine for the Light Combat Aircraft by the Defence Research and Development Organisation, under the offset contract relating to the ₹60,000 crore deal for 36 Rafale fighter jets, the Comptroller and Auditor General said in a …

Defence Report Crore Deal Vendors Cag Rafale