|
Nominator |
Prime Minister of India |
|
Appointer |
President of India |
|
Term |
6
yrs or up to 65 yrs of age |
|
Article |
Article 148 of the Constitution of India |
|
Inaugural holder |
V. Narahari Rao |
1. The Comptroller
and Auditor General (CAG) of India is
an authority, established by the Constitution under Constitution of India/Part V Chapter V/Sub-part 7B/Article 148,
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.
2. The CAG is also the external auditor of Government-owned corporations and conducts supplementary audit of
government companies, i.e., any non-banking/ non-insurance company in which
Union Government has an equity share of at least 51 per cent or subsidiary
companies of existing government companies.
3. The reports of the CAG are taken into
consideration by the Public Accounts Committees (PACs) and Committees on Public
Undertakings (COPUs), which are special committees in the Parliament of India and the state legislatures.
4. The CAG is also the head of the Indian Audit and Accounts Department, the affairs
of which are managed by officers of Indian Audit and Accounts
Service, and has over
58,000 employees across the country.
5. The CAG is mentioned in the
Constitution of India under Article 148
– 151.
6. The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence.
7. The current CAG of India is Sri. G.C Murmu who was appointed on 8th August 2020. He is the 14th CAG of
India.
8. The Comptroller and Auditor-General of India is appointed by the President of India following a recommendation by the Prime Minister. On appointment, he/she has to make
an oath or affirmation before the President of India.
9. Duties of the CAG
·
As
per the provisions of the constitution, the CAG’s (DPC) (Duties, Powers and Conditions of Service) Act, 1971
was enacted. As per the various provisions, the duties of the CAG include the
audit of:
i.
Receipts
and expenditure from the Consolidated Fund of India and of the State and Union Territory
having legislative assembly.
ii.
Trading,
manufacturing, profit and loss accounts and balance sheets, and other
subsidiary accounts kept in any Government department; Accounts of stores and
stock kept in Government offices or departments.
iii.
Government
companies as per the provisions of the Companies Act, 1956.
iv.
Corporations
established by or under laws made by Parliament in accordance with the
provisions of the respective legislation.
v.
Authorities
and bodies substantially financed from the Consolidated Funds of the Union and
State Governments. Anybody or authority even though not substantially financed
from the Consolidated Fund, the audit of which may be entrusted to the
C&AG.
vi.
Grants
and loans given by Government to bodies and authorities for specific purposes.
vii.
Entrusted
audits e.g. those of Panchayati Raj Institutions and Urban Local Bodies under
Technical Guidance & Support (TGS)
Reference: WIKIPEDIA
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