cag

art---148
appt by president of india



The Comptroller and Auditor General of India (CAG) has been appointed as the external auditor of two major UN organizations - the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organization (WIPO), Geneva. Both these organizations have traditionally been the stronghold of the developed world and it is for the first time that a Supreme Audit Institution from outside Europe has been appointed to these prestigious positions. These appointments were made in the face of competition from other developed countries like United Kingdom, Spain and Norway. 

These appointments for organizations such as IAEA and WIPO, which are specialized agencies, is a recognition of the professional capabilities of the CAG`s auditing talent pool. The international community has acknowledged that public auditors of the Indian Audit and Accounts Department have high professional competence. In particular, their knowledge, expertise and domain experience in conducting performance audits has been highly acclaimed. It is in recognition of such expertise that in the face of competition from Auditors` General of developed countries such as UK and Norway, the CAG of India has been preferred. The tenure of these audits could extend up to six years. 

The CAG of India is on the Panel of External Auditors of the United Nations and its Agencies. He is the chair of the Knowledge Sharing and Knowledge Services Committee of the International Organization of the Supreme Audit Institutions (INTOSAI), the global body of Auditors` General which has a membership of 184. He also chairs the INTOSAI Working Group on IT Audit. The CAG of India is also on the Governing Board of the Asian Organization of Supreme Audit Institutions (ASOSAI) and is poised to take over as its Chairman for a term of three years from March 2012. 

The institution of the Comptroller and Auditor General of India (CAG) is recognized as one of the most professionally accomplished Supreme Audit Institutions in the world. The CAG occupies a pre-eminent position in the international community of public auditors and is a prominent member of INTOSAI. The recognition of the capabilities of the CAG of India has in the past manifested in his appointment on the Board of Auditors of the United Nations and as external auditor to a number of other major UN agencies like Food and Agricultural Organization (FAO), World Health Organization (WHO), International Maritime Organization (IMO), Organization for Prohibition of Chemical Weapons (OPCW) etc.











Jawahar Thakur has been appointed as the
new Controller General of Accounts (CGA) of India.
 Controller General of Accounts (CGA) is the principal Accounts Adviser
to the Government of India and it exercises the powers of the President under Article
150 of the constitution for prescribing the forms of Accounts of the Union and State
Governments on the advice of the Comptroller & Auditor General of India (CAG)






CAG rebukes UP for high cost of tax collection
The Comptroller and Auditor General (CAG) rebuked the Uttar Pradesh government forhigher cost of tax collection as
compared to the national average.
As per the the CAG Report:
 Gross collections related to trade tax/VAT receipts during 2008-09, 2009-10 and 2010-11 stands at Rs 17,482
crore, Rs 20,825 crore and Rs 24,836 crore respectively, on which respective cost of collection borne was Rs 272
crore, Rs 358 crore and Rs 406 crore respectively. Cost of gross collection in during these years found at 1.56,
1.72 and 1.64 % in UP whereas the national average is 0.83, 0.88 and 0.96 % respectively.
 There is an increasing trend in generation of UP’s own revenues during 2006-11 period.
 Ratio of Tax revenue to Gross State Domestic Product (GSDP) remained constant around 7 %
 Ration of non-tax revenue to GSDP significantly decreased from 2.77% in 2009-10 to 1.90 % in 2010-11.
 UP’s GSDP stands at about Rs 588,000 crore (at current prices) during 2010-11.
 The debt-GSDP ratio is at 38 % at the end of 2010-11 is on lower side, especially in view of the target of Fiscal
Responsibility and Budget Management (second amendment) Act 2011 to contain it to 42 per cent by the end of
2014-15.
 Nearly 92 %of borrowed funds in UP used for discharging debt liabilities during 2008-11.
 The state maintains a sinking fund, but it may not be adequate for amortization of loans.
 UP’s fiscal outlook showed improvement in 2010-11. Despite reduction in revenue surplus by Rs 3,539 crore, the
fiscal deficit reduced to 2.93% of GSDP during 2010-11 due to low capital expenditure over the previous year.