CAG

Concept: CAG Topic: Governance Category: Auditing Related News:Hindu, Mar 17 CNA mentions: 1(Mar 17)                                                

Comptroller and Auditor General (CAG) of India

In India, the audit of expenditure and receipts of the Government of India, authorities and bodies substantially financed by India, state governments,  is conducted by the Comptroller and Auditor General (CAG) of India. It is a body established by under the Indian Constitution. The supplementary audit of government companies is also carried out by the CAG. He acts as the external auditor of the corporations that are owned by the Government of India. The CAG heads the Indian Audit and Accounts Department. The Indian Constitution under Article 148 provides for an independent office to the CAG of India. It is the duty of the CAG to uphold the Constitution of India and laws of the Parliament for safeguarding the interests of the public exchequer. The Indian Audit and Accounts Service aids the CAG in the discharge of the functions. The Supreme Court had recently quashed a Public Interest Litigation (PIL) challenging the permission given to a private company for offering voice telephony, using spectrum it had originally got for broadband services. The PIL was based on a report by the CAG, which questioned a 2013 policy decision that permitted internet service providers (ISP) having the broadband spectrum to launch voice telephony services by paying an additional fee of Rs.1,658 crore. The Supreme court had observed that the CAG had erred in calculating the losses because it had wrongly compared the value of spectrum in 2100 MHz with spectrum in the 2300 MHz band.