CAG Full Form -What Is CAG? It is an authority of Indiaa, established under Article 148 of the Constitution of India.The CAG is ranked 9th and enjoys the same status as a sitting judge of Supreme Court of India in order of precedence.
CAG Full Form is mentioned below :
|Comptroller and Auditor General|
What is CAG?
The Comptroller and Auditor General (CAG) is the Constitutional Authority in India, established under Article 148 of the Constitution of India. CAG is a constitutional and statutory body. It has to be headed by the Comptroller and Auditor General of India who is appointed by the President of India after taking into consideration the qualifications and efficiency of public servants, age of person and the capabilities of such person, etc. The CAG is ranked 9th and enjoys the same status as a sitting judge of Supreme Court of India in order of precedence.
Why is it important?
The CAG’s report is the most important document released by the government after the budget. It carries great weight and forms the basis of the action taken on the audit report by the government. What does the report say? The CAG has delivered its report on the economic performance of the country. It is headed by Vinod Rai, an eminent accountant. It has criticised, among other things, the failure of the government to implement the recommendations of the Seventh Pay Commission, and has said the government needs to increase the monthly minimum wage by 30 percent to meet the living wage. It also mentioned that the United Progressive Alliance (UPA) government’s surplus of Rs 5,003 crore (Rs 5,003,000,000) earned between 2009-10 and 2012-13 had vanished in the next two financial years.
What does it do?
The CAG is constitutionally mandated to audit and evaluate the accounts and financial records of the Union and of the State Governments. The CAG also investigates and makes a detailed report on all matters affecting the good governance and financial well-being of the country. The CAG is mandated to conduct its business in secrecy and with utmost probity and independence. What did we see? Not surprisingly, when the CAG investigated/audited the affairs of the Arvind Kejriwal government, its reports exposed that they had been lying and withholding information. This was especially so in the case of the Lutyens bungalow saga. In the first instance, there was a report that the rules were so vague that the government of Delhi was not bound to adhere to them at all.
What are some of the notable cases?
From 1984 to 2011 the CAG investigated the coal and allocation scams in India Kodaikanal scandal (1990) Sardar Sarovar Allocation of 2200 tmc ft of water to states by the government (1979 to 1987) The Wainganga case (1985) Meerut City municipal Corporation scam (2002) The setting up of the Indian Institute of Technology, Kanpur and Agricultural College in Samastipur (2006) Azad Hind Bank case (2007) Kalyan Singh.The power and coal sector scam (1990) Coal block allocation cases “Operational Audit” is a series, a two-pronged investigative narrative on PSU Banks, with an emphasis on examining PSU Banks on their operational merits & any adverse criminal activities, the subject matter of the actual or potential prosecution.