India, March 25 -- The Comptroller and Auditor General (CAG), in a performance audit of on the functioning of Delhi Transport Corporation (DTC) tabled in the Delhi Assembly on Monday, flagged losses of Rs.60,741 crore despite annual revenue grants from the Delhi government. The report, tabled in the Delhi Assembly on Monday, criticized DTC's lack of a business plan and found its performance below national averages and other state transport undertakings.

The report, which covers the period of 2015-16 to 2021-22, noted that DTC did not conduct any study on the profitability or sustainability of operations, even though it was continuously incurring losses.

"Reiterating our commitment towards transparent governance, the CAG report related t...