Tag: CAG report

CAG flags data non-sharing between I-T dept, MHA to track charitable trusts’ foreign receipts

CAG flags data non-sharing between I-T dept, MHA to track charitable trusts’ foreign receipts

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The audit observed that there is no clarity on allowing deduction under Section 80G for donations out of CSR funds. The audit observed that there is no clarity on allowing deduction under Section 80G for donations out of CSR funds. The CAG has slammed the income tax department for not formulating a data sharing mechanism […]

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PSU general insurers book ₹26,364 cr loss for health portfolio in last 5 years

PSU general insurers book ₹26,364 cr loss for health portfolio in last 5 years

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All four public sector insurers incurred losses of ₹26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said. “The losses of the health insurance business of PSU insurers either wiped out/decreased the profits of other lines of business or increased the overall […]

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