Tag: Comptroller and Auditor General

CAG report reveals Bihar PSUs in bad shape

CAG report reveals Bihar PSUs in bad shape

| July 16, 2014 | 0 Comments

Patna: A Bihar Public Sector Undertaking (PSU) did not make any profit but contributed Rs 2 crore to the Chief Minister’s Relief Fund, a CAG report said.┬áThe Bihar Urban Infrastructure Development Corporation (BUIDCO) did this without following due procedures and in violation of provisions of the Companies Act, 1956, it said.┬áThe Comptroller and Auditor General […]

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