Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The Comptroller and Auditor General (CAG) of India has highlighted lacuna in the operations of (Defence Services) Ordnance Factories.
The CAG Report on (Defence Services) Ordnance Factories Major said that shortfalls in production were noticed for eight types of empty fuzes mainly due to material constraints and quality problems. This resulted in slippages in issue of related ammunitions spare filled fuzes leading to critical deficiency of seven types of ammunition (deficiency ranging from 32 to 74 per cent) and five types of spare fuzes (deficiency ranging from 41 to 94 per cent) as on March 2018, the CAG said.
Due to non-availability of spare fuzes, the Army had stock of ammunitions worth ₹403.27 crore lying in unusable condition, the CAG said.
The production of fuzes in Ordnance Factories (OFs) is based on the test check of OFs for the period 2013-2014 to 2017-2018. There were mismatches in the availability of empty fuze from in-house production as well as from trade sources and their filling capacity in OFs.
The CAG also said that rules and procedures stipulated in Procurement Manual of Ordnance Factories were not followed completely in its e-procurement system. “Transparent bidding could not be ensured as instances of submission of multiple bids from a single machine and use of same Digital Signature Certificate by multiple users were noticed. The e-procurement system lacked appropriate checks for capturing duplicate e-mail ID/alternate e-mail ID/phone number, invalid PAN and phone number etc.”
The CAG added that the same firm being developer and maintenance agency of the portal, database of Defence Organization may be at risk of misuse by a private entity. The Ordnance Factories also continued their payments and receipts of government money partially through manual method.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
A mysterious new exhibit has been the centre of attraction at the gallery of Modern Art. This art work has ...
Tara was a curious little girl who loved to ask questions.She lived with her parents and her grandmother — ...
On the day the oleander baby was born, there was a steady, happy drizzle. Madhu woke up feeling unsteady. The ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor