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CAG: Keeping India’s Accounts
Posted By:chat2musad On 5/31/2005

                                                        Posted By:Chat2musad (Musadique)

The Comptroller and Audit General (CAG) is the head of the Indian audits and accounts department. He acts on behalf of the legislature to ensure that the executive complies with all laws that the legislature passes. He also acts on behalf of the executive to ensure that subordinate bodies comply with its rules and orders. In that sense, the CAG is neither part of the legislature nor part of the executive but a crucial part of the checks and balances mechanism in our parliamentary system.

CAG is the responsible for compiling the accounts of the union and all the states and union territories from accounts submitted by treasuries, office and departments of the union and states. He also audits all expenditure from the Consolidated Fund of India and of each state and union territory having a legislature assembly to ascertain whether the money disbursed was legally available for the purpose it was spent. He also audits any body or authority that is substantially financed by Consolidated Fund grants. Thus, PSUs come under the scanner of the CAG too as would several autonomous institutions funded by the government. In addition to these function, the President can ask the CAG to audits the accounts of any body.

The CAG is appointed by the President of India. The CAG is appointed for a term of six years. The report of accounts of the government of India is presented to the President of India, who then presents them to both houses of parliament. The reports prepared for the states, on the other hand, are presented to the governors of the respective states, who then present them to the legislature.

The CAG can be removed only after a two-thirds majority in parliament votes to dismiss him. However, there is an upper age limit of 65 for the appointment of the CAG. If the CAG turns 65 while in office, he will vacate his office on the day that he turns 65. The CAG can, however, resign at any time.

The CAG is paid a salary equivalent to a judge of the Supreme Court. His salary, as well as all administrative expenses for his office, are paid from the Consolidated Fund of India and are not subject to being voted by parliament. He also gets all the perks that judges of the Supreme Court are entitled to, including a travelling allowance, provision of a ren-free residence and exemption from paying income tax on the value of the rent-free residence, conveyance facilities, sumptuary allowance and medical facilities, among others.




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