Wednesday, December 12, 2012

150 Years of the Comptroller & Auditor General of India (1860-2010) Commemorative Coin


To view high resolution images, click on the images above.
To commemorate 150 years of the Comptroller & Auditor General of India, a special set of commemorative coins was minted by the Government of India (under the Coinage Act, 1906).

The Comptroller and Auditor General (CAG) of India (भारत के नियंत्रक-महालेखापरीक्षक) is an authority established by the Constitution of India who 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 companies. The reports of the CAG are taken into consideration by the Public Accounts Committees, 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, which has over 58,000 employees across the country.

The Comptroller and Auditor General is ranked 9th in the Order of Precedence of the Republic of India and enjoys the same status as a judge of the honorable Supreme Court of India.

The office of CAG has been given utmost importance by the Constitution makers. As per the Constitution of India, a retired Comptroller and Auditor General cannot take up any position or post under the Government of India or any other private body. The removal procedure for the Comptroller and Auditor General is similar to that of removal of a Judge of the honorable Supreme Court of India.

No comments:

Post a Comment

Google