what is the full form of CAG?
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what is the full form of CAG?
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The full form of CAG is Comptroller and Auditor General of India. It is an Indian authority established under Article 148 of the constitution of India. CAG is responsible for audits of all receipts and expenditures of the Government of India, the state governments, and organizations financed by the government. it is headquartered in New Delhi. CAG is also the external auditor of Government-owned organizations, it conducts an audit of government organization,i.e., any non-banking/non-insurance agency in which Union Government has a value portion of at any rate 51 percent or auxiliary organizations of existing government organizations.
The CAG is positioned ninth and appreciates a similar status as an adjudicator of the Supreme Court of India in the Indian order of precedence. Rajiv Mehrishi is the current CAG of India.
List of Comptroller and Auditors General of India
1. V. Narahari Rao(1948 to1954)
2. A. K. Chanda(1954 to1960)
3. A. K. Roy(1960 to1966)
4. S. Ranganathan(1966 to1972)
5. A. Bakshi(1972 to1978)
6. Gian Prakash (1972 to1984)
7. T. N. Chaturvedi(1984 to1990)
8. C. G. Somiah (1990 to1996)
9. V. K. Shunglu(1996 to 2002)
10. VN Kaul (2002 to2008)
11. Vinod Rai (2008 to2013)
12.Shashi Kant Sharma(2013 to 2017)
13. Rajiv Mehrishi(2017 to Till now)
Power of CAG
1. Direct the review of the records of a government organization.
2. Select and reappoint the auditor of a government organization.
3. Direct a test review of the records.
4. Offer directions to the examiners regarding audit-related work.
Duties of CAG
1. Audit balance sheets, trading, manufacturing and profit, and loss or any other account of any department of the central government or state government.
2. Receipts and expenditure of government organization.
3. Grant loans are given by Government to organizations and authorities for a specific purpose.
4. Submit accounts audit reports to the president and governer.
Achievements
CAG under Vinod rai expose mega corruption of 2G spectrum case, Commonwealth Games scam, and Coal mine allocation scam.
