CAG report – News Portal

Centre has not transferred ₹3.69 lakh crore of cess collections to the designated funds, CAG finds

August 12, 2025August 12, 2025cpooldigitalLeave a Comment

[ad_1] As of 2023-24, the Central Government has failed to transfer ₹3.69 lakh crore worth of cess collections to the relevant funds for which the cess was implemented, the Comptroller and Auditor General has found. A cess is a levy over and above a tax and has to be used for a particular purpose. These […]

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

August 9, 2022August 9, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

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

August 9, 2022August 9, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]