Government's auditing regulator, the Controller and Auditor General (CAG) has pointed out some serious fallouts in the accounts of some government departments. CAG, in a report on government's accounts for 2007-08, tabled in parliament on Friday, holds responsibility to the finance secretary and the expenditure secretary for the report preparation and anomalies.
The report by CAG, pointing misuse of funds, maintains, "Union Government made a provision for transfer of central plan assistance of Rs51,259 crore directly to state/district level autonomous bodies... for implementation of centrally sponsored schemes."
Siemens VAI Metals Technologies, one of the world's leading engineering and plant-building companies for the iron and steel industry, has won an order worth euro 200 million from public sector Steel Authority of India Limited (SAIL).
State-run National Mineral Development Corporation (NMDC) on February 26 paid an interim dividend worth Rs 4.01 billion to the administration.
Due to inefficient management and slowdown in Aviation industry under the impact of global slowdown, Indian Railways, country's largest transporter, posted 13.17 increases in its revenue in the period between April 2008 and 2009. 
The Union government, in its recent decision, has announced capital infusion in three public sector banks namely UCO Bank, Central Bank of India and 
Leading public sector bank, Punjab National Bank, formally launched the Global Credit Card, acceptable in over 29 million merchant establishments and one million ATMs in the world.
