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Current Affairs


Date : Dec 12, 2021

Description :



Topic à Constitutional & Non-Constitutional Bodies


  • CAG's Background:


  • In Chapter V of Part V of the Indian Constitution, the Comptroller and Auditor General of India (CAG) is established as an autonomous office.
  • The CAG is specified in Articles 148–151 of the Indian Constitution.
  • He is the Indian Audit and Accounts Department's head.
  • He is the keeper of the public purse and oversees the country's whole financial system at both the national and state levels.
  • In the field of financial administration, it is his responsibility to uphold the Indian Constitution and the rules of Parliament.


  • Appointment and Term of Office:


  • By a warrant under his hand and seal, the President of India appoints the CAG.
  • He is in office for six years or until he reaches the age of 65, whichever comes first.


  • Duties:


  • CAG audits all expenditure accounts from the Consolidated Fund of India, as well as the Consolidated Funds of each state and UT with a legislative assembly.
  • CAG audits all expenditures from India's Contingency Fund and Public Account, as well as each state's Contingency Fund and Public Account.
  • All trading, manufacturing, profit and loss accounts, balance sheets, and other subsidiary accounts maintained by any department of the Central Government and state governments are audited by the CAG.
  • When required by associated laws, the CAG audits the receipts and expenditures of all bodies and authorities significantly financed from Central or State income; government companies; and other corporations and bodies.
  • He determines and certifies the net profits of any tax or duty, and his certification is final.
  • He serves as a counsellor, companion, and philosopher to the Parliament's Public Accounts Committee.




  • Reports:


  • He presents his audit reports on the Centre's and State's accounts to the President and Governor, who then present them to both chambers of Parliament and the state legislature, respectively.
  • He presents the President with three audit reports: one on appropriation accounts, one on finance accounts, and one on public undertakings.


  • Source à The Hindu à 11/12/21 à Page Number 4

Tags : President, audit reports

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