Tag: Comptroller and Auditor General

IndustryLatest Stories

Noida Authority Faces Corruption with Land Payouts

NOIDA: Allegations from farmers, raised in the Supreme Court, suggest that Noida Authority officials demanded a 10% cut from the excess compensation funds they received, placing the agency’s operations back under judicial scrutiny. Noida Authority’s reputation has suffered significantly due to recurring corruption scandals. Notable cases include the conviction of former CEO Neera Yadav for favoring her family in land allotments and the extensive fraudulent maintenance contracts involving former chief engineer Yadav Singh. The Comptroller and Auditor General has revealed numerous irregularities, and the Supertech twin towers case drew sharp criticism from the Supreme Court, consistently bringing issues of corruption…

CommercialLatest Stories

Goa Govt Loses ₹107 Crore as TCP Grants Free FAR to 321 Units

PANAJI: According to a report by the Comptroller and Auditor General (CAG), Goa has incurred a loss of ₹107 crore due to the town and country planning (TCP) department granting concessions to commercial entities by not imposing fees for additional floor area ratio (FAR). If calculated based on the finance department’s recommended rates, this loss could exceed ₹2,000 crore. The TCP department allowed 10.7 lakh square meters of additional FAR to 321 commercial establishments upon request without charging any fees. In contrast, the finance department had instructed the TCP to impose a fee of ₹1,000 per square meter for the…