Financial irregularities
Highways Ministry Refutes CAG’s Findings on Dwarka Expressway Cost
Highways Ministry Refutes CAG’s Findings on Dwarka Expressway Cost The findings made by the Comptroller and Auditor General (CAG) regarding the cost of the Dwarka Motorway project have recently come under fire from the Ministry of Highways. Conflict arises when the ministry disputes the CAG’s claims and offers a different interpretation of the costs related […]
CAG Report Highlights Toll Overcharges, UDAN Delays, and Unsanctioned Railway Costs
CAG Report Highlights Toll Overcharges, UDAN Delays, and Unsanctioned Railway Costs The Comptroller and Auditor General of India (CAG) has released a report highlighting a number of financial irregularities in the implementation of infrastructure projects by the National Highways Authority of India (NHAI), the Ministry of Civil Aviation (MoCA), and the Ministry of Railways (MoR). […]
Indian Authorities Launch Tax Investigation into Chinese Carmaker BYD
Indian Authorities Launch Tax Investigation into Chinese Carmaker BYD Introduction New Delhi – Chinese carmaker BYD is facing a tax investigation in India as authorities scrutinize the company’s financial practices. According to undisclosed sources familiar with the matter, the Indian tax authorities have launched an inquiry into BYD’s tax compliance, raising concerns about potential financial […]
Hero MotoCorp Stock Drops 12% After ED Raids on Pawan Munjal
Hero MotoCorp Stock Drops 12% After ED Raids on Pawan Munjal The Enforcement Directorate (ED) raided the premises of Pawan Munjal, the chairman of Hero MotoCorp, on July 30, 2023. The raids were part of an investigation into allegations of tax evasion. The Impact of the Raids on Hero MotoCorp’s Stock Price The raids had […]