13 June 2009

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Know about CAG - Comptroller and Auditor General of India

Realityviews by sm:
Know about CAG - Comptroller and Auditor General of India

The Comptroller and Auditor General (CAG) of India is an authority, established by the Constitution of India, who audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The CAG is also the external auditor of government-owned companies.

The reports of the CAG are taken into consideration by the Public Accounts Committees, which are special committees in the Parliament of India and the state legislatures. The CAG of India is also the head of the Indian Audits and Accounts Service.

Audit of government accounts (including the accounts of the state governments) in India is entrusted to the CAG of India who is empowered to audit all expenditure from the revenues of the union or state governments, whether incurred within India or outside. Specifically, audits include:
Transactions relating to debt, deposits, remittances, Trading, and manufacturing
Profit and loss accounts and balance sheets kept under the order of the President or Governors
Receipts and stock accounts.

Currently Mr. Vinod Rai is the Comptroller & Auditor General of India.

Mr. Vinod Rai (born on 23.05.1948) has a Masters Degree in Economics from Delhi School of Economics, University of Delhi. He has a Masters Degree in Public Administration from Harvard University, USA.
The Comptroller and Auditor-General holds office for a term of six years from the date on which he joins office.
Retirement age – 65 age
The reports made by the cag are submitted to the President of India.

Reality Views by sm :

Cag report shows the real face of Indian politicians , cag report shows where our funds ,peoples money ,taxes go missing.

Cag report shows that which Mps just enjoyed the facilities of Government of India without discharging any duty.

This Mps get funds to spend on public ,but Mps do not use them as they don’t have time for common public ,Why they should work when there is no punishment .

Will you study in exams if it is guaranteed that you have passed the exams .

The problem with India is that our laws are too weak and implementation of these weak laws is weaker .

The saddest thing is that our media also do not give attention to this cag report .


Rina,  June 13, 2009  

agree with you

BK Chowla, June 13, 2009  

Yes,but if one gets the feeling that CAG is politically inclined,reports lose their value.Iam not suggesting anything...can we know as to what is the correct and undisputed cost laying one km of rail track?If you can ever find an answer,do let me know.

Anonymous,  June 13, 2009  

I think the problem is with the MP's- who is capable of what. And CAG alone is not much.

vinny June 13, 2009  

visiting ur blog always improves my GK...thanks for this free service!

but what about Fashion, since ur title is from poliitics to fashion...i'm only kidding...i dont beleive in fashion anyways!

preposterous girl June 13, 2009  

Thanks SM for yet another informative post..
And as Vinnie i'm always intrigued by fashion term in ur blog name..
Reveal the secret dude :P

sm,  June 13, 2009  

Bk The prices will change as per cities but as this work is done by govt.of india they can fix the prices but they will not do this , this fixing of prices will be a great reform also.

BK Chowla, June 14, 2009  

I don't think so.In my opinion,per km rates are fixed.Beleive me,this could be an eye opener if one can get to the details.Why was Laloo so keen on Ply?Check it out.It could be very interesting.

sm,  June 16, 2009  

Bk,Yes they are fixed but they are not compulsory ,they are sort of guildelines.

sm,  June 16, 2009  

pgirl and vinnie ty.i will post about the fashion and will explain the reason also

himanshu,  October 04, 2012  

what a striking,stunning,fantastic description abouT CAG...thaNKs for this dashing information really so effective discr.