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CAG reports flag losses in J&K public sector units
Original: cag
A Comptroller and Auditor General report says 26 of 42 public sector undertakings in Jammu and Kashmir reported losses or were inactive as of March 31, 2023. In Odisha, the CAG flagged misuse of the District Mineral Foundation fund, prompting the BJP to attack the ruling BJD. The auditor also called for a comprehensive overhaul of the Integrated Financial Management System, drawing attention to financial governance gaps across states.
Why now: Multiple critical CAG reports released at the same time are prompting political attacks and calls for reform.
Comptroller and Auditor General of IndiaJammu and KashmirOdishaBJPBJD
Evidence
- Out of 42 PSEs in J&K, 26 reported losses or inactive as of March 31, 2023: CAG report · Moneycontrol.com
- Odisha BJP targets BJD after CAG flags DMF misuse, lapses · The Statesman
- J.M. Smucker Co. stock underperforms Thursday when compared to competitors · MarketWatch
- CAG calls for comprehensive overhaul of IFMS · Daily Excelsior
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