CAG India: Everything You Need to Know About India’s Comptroller and Auditor General
Article 148 of the Indian Constitution created the department of the Comptroller and Auditor General of India, also referred as the CAG India. The CAG India is the auditor of government accounts, with the authority to audit the books of the central, state, as well as all government authorities in the country.
The Comptroller and Auditor General of India (Duties, Powers, and Conditions of Service) Act, 1971, was adopted by the central government in 1971 to define the Comptroller and Auditor General of India’s duties and tasks.
CAG India’s responsibilities
The CAG India ensures that public funds are often used quickly and effectively and for the intended purposes, with the eyesight of becoming the “initiator of national and international best practises in public sector auditing and accounting and recognised for independent, credible, matched, and up – to – date on public finance and governance.” The CAG India, sometimes known as the ‘Guardian of the Public Purse,’ has the following responsibilities:
- The Comptroller and Auditor General of India is in charge of the union and state governments’ accounts, as well as any other government entity or entity.
- Union and state accounts must be maintained in the format recommended by the CAG India.
- These findings of the CAG India on the central government will be sent to the president, who will present them to each house of parliament.
- The CAG India findings on state governments should be sent to the governor, who will present them to the legislature.
CAG India: Facts and Figures
- Who was India’s first Chief Accountant General?
V Narahari Rao is an Indian politician.
- Who selects India’s CAG?
The CAG India is appointed by India’s president.
- Who does CAG India answer to?
The head of the Indian Audit and Accounts Department, the CAG India, reports to India’s president.
- Who is India’s current CAG?
CAG India is currently held by Girish Chandra Murmu. On August 8, 2020, Murmu took over the CAG India office.
- How long has CAG India been in office?
The Comptroller and Auditor General of India serves for six years or until he or she reaches the age of 65, whichever comes first.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.