Summary:
Patna, Dec 2 (PTI) The Comptroller and Auditor General of India (CAG) has rapped the Bihar government for providing financial assistance of Rs.
18,872 crore to defaulting government companies.
The CAG in its report for 2019-20 tabled in the state Assembly on Thursday said the Bihar government provided budgetary support (equity, loans, grants and subsidies) of Rs.
18,872 crore to 18 working state public sector undertakings and 16 non-working public sector undertakings until the financial year 2020, it said.
“These PSUs have not finalised their accounts for the last one to 43 years in violation of provisions of the Companies Act/Acts of the respective Statutory Corporations/Public Sector Undertakings”, the report mentioned.
The non-working companies include Bihar State Fruits and Vegetables Development Corporation Limited, Bihar State Construction Corporation Limited, Bihar State Forest Development Corporation Limited, Bihar Rajya Matasya Vikas Nigam Limited, and Bihar Hill Area Lift Irrigation Corporation Limited The CAG further said no rules have been framed by the state government for accounting of labour and other cess.