The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...

The CAG (Comptroller and Auditor General) said in its report that Dassault Aviation, the French aerospace giant and MBDA, the European missile maker have not yet confirmed the technology transfer for indigenous development of Light Combat Aircraft (LCA) engine. The report by CAG was tabled in Parliament on September 23. The Defence Research and Development ...