#Daily_One_Government_Organazation
#Independent_Agencies
➡ Know about Comptroller and Auditor General of India
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▪This article is about Comptroller and Auditor General of India. For similar title in other jurisdictions, see Comptroller and Auditor General.
▪The Comptroller and Auditor General (CAG) of India is an authority, established by the Constitution under Constitution of India/Part V – Chapter V/Sub-part 7B/Article 148which audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.
▪The CAG is also the external auditor of Government-owned corporationsand conducts supplementary audit of government companies, i.e., any non-banking / non -insurance company in which Union Government has an equity share of at least 51 per cent or subsidiary companies of existing government companies.
▪The reports of the CAG are taken into consideration by the Public Accounts Committees (PACs) and Committees on Public Undertakings (COPUs), which are special committees in the Parliament of India and the state legislatures.
▪The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service, and has over 58,000 employees across the country.
➡ Overview of Comptroller and Auditor General (CAG)
▪ Incumbent : Rajiv Mehrishi, IAS since 25 September 2017
▪ Nominator : Prime Minister of India
▪ Appointer : President of India
▪ Term length : 6 yrs or up to 65 yrs of age (whichever is earlier)
▪ Inaugural holder : V. Narahari Rao
▪ Deputy : Deputy Comptrollers and Auditors General of India
▪ Salary : ₹90,000 (US$1,400) per month
▪The CAG is mentioned in the Constitution of India under Article 148 – 151.
▪The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence. The current CAG of India is Rajiv Mehrishi, who assumed office on 25 September 2017. He is the 13th CAG of India.
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