November 27, 2021

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CAG a heritage that every generation should cherish: PM Modi at first Audit Diwas

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CAG a heritage that every generation should cherish: PM Modi at first Audit Diwas
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CAG a heritage that every generation should cherish: PM Modi at first Audit Diwas
CAG a heritage that every generation should cherish: PM Modi at first Audit Diwas

NEW DELHI: PM Narendra Modi unveiled the statue of Sardar Vallabhbhai Patel at the office of the Comptroller and Auditor General of India (CAG) in New Delhi today to mark the first Audit Diwas which is celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
PM said that while institutions lose relevance after a few decades, the Comptroller and Auditor General (CAG) of India is a heritage that every generation should cherish.
Audit Diwas is celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
Prime Minister Modi in a tweet had said: “Audit Diwas seeks to highlight the rich contributions of CAG to boost transparency and good governance.”

The PM while assessing the work of the government, said, the CAG has the advantage of an outsider’s viewpoint. “We make systematic improvements with the help of whatever you tell us, we see it as cooperation,”
PM Modi mentioned that due to a lack of transparency in the country’s banking sector, various practices used to take place that resulted in an ever-increasing NPAs (non-performing asset) of banks. “You know very well the work done to brush the NPAs under the carpet earlier,” PM added.
Speaking at event, he said in the past information was transmitted in form of stories.

“History was written through stories. But in the 21st century, data is information and in coming times our history will be looked through and understood using data. In the future, data will be dictating the history,” he added.
He went on to list reforms such as contactless customs, automatic renewals, faceless assessments and online applications for service delivery, that have ended unnecessary government interventions.
Speaking about monetisation of unused and underused assets, he said it was a brave decision that helped revive the economy. “The move is being discussed and welcomed across the world,” he added.
PM Modi mentioned that documents, data and files sought by the national auditor, CAG should be provided by government departments.
Strong, scientific audits will make the system strong and transparent, he said adding that his government has taken CAG’s concerns on fiscal deficit and state expenditure in the right spirit.
Appreciating CAG’s new practice of sharing preliminary findings with government departments before the beginning field audits, he said the combination of the two will give better results.
(With inputs from agencies)

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