Friday 18 April 2014

CAG CAN AUDIT PRIVATE TELCOS

      Supreme Court of India rejected ruling by TDSAT , said that since the Private Telcos are using the scarce National resource and there is a possibility of nexus between them and the executive, CAG can audit the Accounts .As expected the Telcos cringe this move and says that it will be it will be complicated and time consuming.
<<Click here to read the details from Economic Times >>
rejected a ruling by the Telecom Disputes Settlement and Appellate Tribunal, or TDSAT, which had said that a CAG audit would be subject to a finding by the department of telecom (DoT) that statements submitted to it were misleading.

rejected a ruling by the Telecom Disputes Settlement and Appellate Tribunal, or TDSAT, which had said that a CAG audit would be subject to a finding by the department of telecom (DoT) that statements submitted to it were misleading.

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