Who among the following assumed charge of the Comptroller General of India in November 2024?

Question

Question

This question was previously asked in

RRB NTPC Graduate Level CBT-I Official Paper (Held On: 05 Jun, 2025 Shift 1)

Answer 1

Key Points

K Sanjay Murthy assumed charge as the Comptroller General of India in November 2024.
The Comptroller General of India is responsible for overseeing the financial accountability and auditing of government expenditures.
K Sanjay Murthy has a distinguished career in public administration, holding various important positions in the government prior to this appointment.
The role of Comptroller General of India is crucial for ensuring transparency and efficiency in the management of public funds.
K Sanjay Murthy was selected for this position due to his extensive experience in financial management and governance.

Additional Information

Comptroller and Auditor General (CAG):
- The Comptroller and Auditor General (CAG) of India is an authority established under Article 148 of the Constitution of India.
- The CAG audits all receipts and expenditures of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.
- The CAG's reports are submitted to the President and Governors, who then present them to the respective legislatures.
- The position is considered vital for ensuring accountability and transparency in the financial administration of the government.
Government Financial Oversight:
- Financial oversight ensures that government funds are allocated and spent effectively and in accordance with legal and policy frameworks.
- This involves auditing government expenditures, reviewing financial statements, and identifying irregularities or inefficiencies.
Public Accountability:
- Public accountability is a cornerstone of good governance, requiring transparency in financial and administrative operations.
- Institutions like the Comptroller General of India play a critical role in maintaining this accountability.
Auditing Standards:
- Auditing standards are guidelines for conducting audits to ensure accuracy, reliability, and fairness in financial reporting.
- In India, these standards are governed by the CAG and aligned with international best practices.