The CAG has stated in its report for year that ended on March 2014 that the growth rate of the state fluctuated widely between 25.55 per cent in 2009-10 to 4.01 per cent in 2011-12 to 8.04 per cent in 2013-14. This was despite continuous increase in revenue expenditure from 48,638 crore in 2009-’10 to Rs 75,259.crore in 2013-14.it has noted.
It has also noted that the average rate of return by way dividend on its investment in government companies and Statutory Corporation was less than one per cent.
The CAG has also noted there was oversight of funds transferred from the Union to the state to implementing agencies to the tune of Rs 34.24 crore. It has stated that the funds available from borrowed fund after providing for interest and repayment declined from Rs 6,912 crore in 2010-11 to Rs 3,058 crore in 2013-14.
It has been noted that non submission of utilisation certificates of Rs 7,420 crore.indicated the lack of monitoring of use of grants. There are 170 outstanding cases of misappropriation, losses etc and non recovery of amounts indicate lack of adequate efforts to make good the losses and fix responsibility, says the report.
CAG has also pointed out that the state government had given “different treatment” to two companies in leasing out land which was not consistent with existing provisions. It has given some examples in this regard. In 82 cases, under-assessment of tax and other irregularities crossed Rs 403 crore.
In the first case, in case of Solaris Chem Tech Ltd, the government land was granted for installation of plant and machinery on recovery of one-time occupancy price but in other two s similar cases land was granted at Rs 150 per hectare annually applicable to salt and bromine even as the land was leased for construction/installation of plant and machinery.
In 15 other cases, government land worth Rs 69.71 crore was granted in excess of eligible limit. In another case, grazing land was not sufficient for number of cattle and even then it was granted irregularly on lease for industrial purpose.
It has pointed out that no action was taken for renewal or eviction of leases in 4,682 cases out of 6,587 cases between 1993 and 2012 even after expiry of lease.