Preparing for competitive exams like UPSC, SSC, or other government-related tests? Knowing about key appointments and their roles is essential. This article delves into the appointment of K. Sanjay Murthy as the next Comptroller and Auditor General (CAG) of India, along with the powers and responsibilities associated with the office.
Who is K Sanjay Murthy?
K Sanjay Murthy, an IAS officer of the 1989 batch from the Andhra Pradesh cadre, has been appointed as the next Comptroller and Auditor General (CAG) of India. President Droupadi Murmu made the official announcement on Monday, citing Article 148(1) of the Indian Constitution as the basis for the appointment.
Murthy currently serves as the Secretary of the Department of Higher Education in the Union Ministry of Education. With his extensive administrative experience, he is expected to bring valuable insights to the office of CAG.
He will succeed Girish Chandra Murmu, the outgoing CAG, who has held the office since August 8, 2020. Girish Chandra Murmu was previously the first Lieutenant Governor of Jammu and Kashmir.
What is the Role of the Comptroller and Auditor General (CAG)?
The Comptroller and Auditor General of India is a constitutional authority responsible for auditing the financial transactions of the central and state governments, ensuring transparency and accountability in public spending.
Key Powers and Functions of the CAG
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- Audit of Union and State Government Departments:
- The CAG oversees financial records of key departments, including railways, defence, telecommunications, and India Post.
- Auditing Public Enterprises:
- The CAG is responsible for auditing over 1,500 public commercial enterprises and 400 autonomous bodies receiving government funds.
- Powers to Inspect and Question:
- The CAG examines financial records, evaluates transactions, and can summon the executive for explanations when needed.
- Support from IA&AD:
- The CAG is supported by the Indian Audit and Accounts Department (IA&AD), which comprises approximately 47,000 officers and staff.
CAG’s Empowerment under the Constitution
- The authority of the CAG is detailed in Article 149 of the Indian Constitution and further defined by the CAG’s Duties, Powers, and Conditions of Service Act, 1971.
- The act mandates the CAG to audit all revenue-collecting, expenditure-incurring, or grant-receiving bodies under the government.
Why is the Appointment Significant?
The CAG plays a pivotal role in maintaining financial discipline in government spending. With India’s growing economy and increased public expenditure, the office of CAG ensures that taxpayers’ money is utilized efficiently. K Sanjay Murthy’s appointment comes at a time when accountability and transparency in governance are of utmost importance.
Frequently Asked Questions (FAQs)
1. What is the CAG’s tenure?
The CAG holds office for a term of six years or until the age of 65 years, whichever is earlier.
2. How does CAG help in governance?
The CAG audits financial records and highlights irregularities, ensuring government spending aligns with policy goals and legal provisions.
3. Why is CAG called the “Guardian of Public Purse”?
The CAG acts as a watchdog, ensuring government funds are used effectively and without corruption, earning it the title of the “Guardian of Public Purse”.
Key Takeaways for Competitive Exam Preparation
- K Sanjay Murthy is the newly appointed CAG of India.
- CAG is empowered by Articles 148-151 of the Constitution and the CAG’s Duties, Powers, and Conditions Act, 1971.
- The CAG ensures accountability in public expenditure and supports good governance.
Understanding such topics not only enhances your knowledge for General Knowledge (GK) sections but also gives you an edge in answering descriptive questions during exams.
Keep learning and stay updated for better exam results!
