Roadmap for Answer Writing Introduction Briefly introduce the CAG and its constitutional basis. State the assertion that it is the most significant office for ensuring financial accountability and transparency. Significance of the CAG Highlight Dr. B.R. Ambedkar’s perspective on the CAG’s role. Explain the independence of ...
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Model Answers The Significance of the CAG in India's Constitution The Comptroller and Auditor General (CAG) of India, established under Article 148 of the Constitution, plays a vital role in maintaining financial accountability and transparency within the government. Dr. B.R. Ambedkar recognized theRead more
Model Answers
The Significance of the CAG in India’s Constitution
The Comptroller and Auditor General (CAG) of India, established under Article 148 of the Constitution, plays a vital role in maintaining financial accountability and transparency within the government. Dr. B.R. Ambedkar recognized the importance of this office, asserting it to be one of the most significant under the Constitution.
Auditing Responsibilities
The CAG is tasked with auditing the financial transactions of both central and state governments, including public sector undertakings. This auditing ensures compliance with laws and regulations, safeguarding public funds and promoting lawful expenditure (Source: Constitution of India).
Executive Accountability
Through its reports, the CAG holds the Executive accountable to Parliament. These reports inform legislative bodies about the government’s financial management, serving as a critical resource for lawmakers and the public alike (Source: CAG Annual Reports).
Resource Efficiency
The CAG also evaluates whether government expenditures are legally authorized and effectively utilized. It assesses the economy, efficiency, and effectiveness of public spending, highlighting any wastefulness in financial administration (Source: CAG Performance Audits).
In summary, the CAG’s independent oversight fosters a culture of financial accountability and transparency, reinforcing the democratic framework of governance in India.
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