Comptroller and Auditor General (CAG) of India

Comptroller and Auditor General (CAG) of India : Recently, the Comptroller and Auditor General (CAG) of India highlighted major financial irregularities and operational inefficiencies in Indian Railways, with total lapses amounting to ₹570+ crore.

• About CAG : Established under Article 148 of the Constitution.

  o Acts as the guardian of the public purse and oversees the entire financial system of the Centre and States.

  o Ensures adherence to the Constitution and laws enacted by Parliament in matters of financial administration.

  o Serves as a bulwark of India’s democratic system by ensuring financial accountability and transparency.

  • Audits all expenditures from: Consolidated Fund of India, State, and Union Territories.

  o Contingency Fund and Public Account of both Centre and States.

  • Article 148: CAG appointed by the President through a warrant under his hand and seal.

  o Ineligible for any further appointment to any office under the Central or State Government after completing their tenure.

  o All expenditures related to the CAG's office, including salaries, allowances, and pensions, are charged on the Consolidated Fund of India (CFI).

  • Term of Office: The CAG holds office for a term of six years or until attaining the age of 65 years, whichever is earlier.
  • Resignation: The CAG may resign at any time by submitting a written resignation to the President of India.
  • Removal: The CAG can be removed by the President in the same manner and on the same grounds as a judge of the Supreme Court, ensuring a high level of protection and independence.