Jawahar Thakur is new Controller General of Accounts
Listen to this Article
Mr Jawahar Thakur has taken over as the new Controller General of Accounts (CGA).
A 1979-batch Indian Civil Accounts Service officer, Mr Thakur has played a key role in the area of developing an effective financial management information system, his latest initiative being the complete computerisation of revenue accounting in the Central Board of Direct Taxes (CBDT).
In the Department of Expenditure, Mr Thakur stressed that accounting information should be available on real time basis to enable informed decision-making. Some of his initiatives include extending the coverage of electronic payments to ensure quick and transparent disbursements, comprehensive relook at the chart of accounts to make it more informative and improving the effectiveness of internal audit for better financial management in the Government.
Mr Thakur is also credited with making efforts to bring down unspent balances lying in various bank accounts by suggesting fund-tracking, expenditure management and monitoring of funds flow on the non-Plan side as well. (The Hindu)
Category : CAG | Comments : 0 | Hits : 910
The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government's massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation of PSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources sa...
Former Lieutenant Governor of Jammu and Kashmir, Girish Chandra Murmu will be the new Comptroller and Auditor General of the country. Mr Murmu will succeed Rajiv Mehrishi. An IAS officer of Gujarat cadre, Mr Murmu resigned as Lieutenant Governor of Jammu and Kashmir on Wednesday. #casansaar (Source - NewsOnAir, Tweet)
Selection of Auditors - Policy of Empanelment of CA Firms explained by CA. Bhawna Dawar. Watch this video. https://youtu.be/bFze1O1CbsQ
The Comptroller and Auditor General of India (CAG) has rapped direct tax authorities for irregularities in assessments of personal income and corporation taxes over the years. In a report on direct taxes for 2018-19 tabled in Parliament on Tuesday, the auditor suggested that the government consider the information technology system for direct taxes being placed at arms length from CBDT, with an independent governmental body or organisation. CAG found irregularities in 340 high-value cases ...
The roll-out of GST has unified the multiple central and state taxes on goods and services to a great extent and made credit for input taxes available through the value chain, but hasn’t simplified the tax compliance regime while the experience so far has also been that of slowdown in tax revenue growth, the Comptroller and Auditor General (CAG) said. “The system of payment and settlement of tax that was envisaged for GST was based on one hundred per cent invoice-matching and availme...


Comments