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The alleged scam relates to the granting of 2G spectrum licences in 2007-08, which caused, according to a report by the then Comptroller and Auditor General of India, a loss of Rs 1.
Kameswar Rao stated, " We conclude by holding that neither Rule 5 of the Telecom Regulatory Authority of India, Service Providers ( Maintenance of Books of Accounts and other Documents) Rules, 2002, is ultra vires Section 16 of the Comptroller and Auditor General ( Duties, Powers and Conditions of Service) Act, 1971, nor is Section 16 ultra vires Article 149 of the Constitution of India.
The Indian delegation is headed by Deputy Comptroller and Auditor General (Central Region) Ms.
The government must act quickly to empower the board if it is to function as an effective regulator, the Comptroller and Auditor General said.
The visit comes as per an invitation from vinod rai comptroller and auditor general of the republic of India to discuss aspects of the existing cooperation between the two institutions.
The financial regulatory reforms will address the problems identified by the Comptroller and Auditor General (CAG) and respond as appropriate to his recommendations,' Lenihan said.
Ahern said: "Our view continues to be that it will not be anything like what the eminent Comptroller and Auditor General has said.
25 ( ANI ): Former home secretary Rajiv Mehrishi on Monday took over as the Comptroller and Auditor General (CAG).
It described the Garda Commissioner's assurance to the Comptroller and Auditor General on July 31, 2015, that she was disclosing all relevant information as "not accurate".
The office of Comptroller and Auditor General (C and AG) will provide the list of eligible auditors available with them and PSBs can make selection out of the list with the prior approval of RBI it said.
WITH allegations and counter- allegations over the 2G allocation losses flying thick and fast, Union minister Manish Tewari on Saturday challenged the Comptroller and Auditor General ( CAG) for an open debate on the findings of the 2G report.