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CAG flags ₹3.17 trillion gaps in government's FY23 accounts

Mint Hyderabad

|

August 13, 2025

The national auditor has flagged potential and actual losses, idle funds, and accounting lapses totalling ₹3.17 trillion in its audit of the Union government's accounts for 2022-23.

- DHIRENDRA KUMAR

While revenue and fiscal deficits stayed below revised estimates in fiscal year 2023, the Comptroller and Auditor General (CAG) identified significant short recoveries, unutilised reserves, arrears in loan repayments and discrepancies in f

MEER VERHALEN VAN Mint Hyderabad

Mint Hyderabad

Mumbai: Maximum alert can't maximize well-being

The tumult of a world growing ever more closed and insecure has found its mirror, especially in India's metros, in the slow degeneration of social structures and, worse, in the loss of community and childhood experiences.

time to read

3 mins

October 31, 2025

Mint Hyderabad

The upliftment of Bihar calls for an entirely new policy approach

Political parties are promising giveaways but appear unable to focus on the basics of development

time to read

3 mins

October 31, 2025

Mint Hyderabad

GA pours $600 mn into PhonePe

Growth equity firm General Atlantic (GA) has infused $600 million (about ₹5,323 crore) in fintech major PhonePe through secondary transactions, more than doubling its stake to 9%, people aware of the matter said.

time to read

1 min

October 31, 2025

Mint Hyderabad

Mint Hyderabad

Rate shocks in Asia show why economists should be sceptics

The words of governors may not reflect underlying considerations

time to read

3 mins

October 31, 2025

Mint Hyderabad

4G launch boosts BSNL Q2 revenue per user by 12%

Scindia says certain circles like Jharkhand, Kolkata need to raise Arpus from below ₹60

time to read

1 mins

October 31, 2025

Mint Hyderabad

Privatize power utilities but get regulation right

The government is crafting an ambitious package for private participation in electricity retailing but regulatory reforms must take precedence for its benefits to flow across India

time to read

2 mins

October 31, 2025

Mint Hyderabad

State-level green pathways need a national roadmap

India's climate future is being forged in its states and districts. From Odisha's climate-budget tagging to Maharashtra's drought-resilient farming, subnational initiatives are turning ambition into action. Yet, this progress remains a patchwork of excellence. To weave these successes into a coherent national fabric, India needs a federal framework that links state innovation and local participation with fiscal accountability across the federation.

time to read

3 mins

October 31, 2025

Mint Hyderabad

Dabur Q2 profit up 6.5% to ₹453 crore

Indian consumer goods maker Dabur reported a smaller-than-expected rise in second-quarter profit on Thursday due to a temporary sales disruption after the government announced sweeping cuts to goods and services taxes.

time to read

1 min

October 31, 2025

Mint Hyderabad

boAt’s post-IPO dream of a premium avatar to face a tough reality

Five years ago, during the covid-19 pandemic, a crop of homegrown electronics brands flooded the market with near-identical smartwatches and wireless earbuds as they vied to offer the cheapest versions of these products.

time to read

2 mins

October 31, 2025

Mint Hyderabad

PRISM moves to raise share capital

Initial public offering (IPO)-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday.

time to read

1 min

October 31, 2025

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