Notes and Study material for Exams
The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more
INFORMATION TECHNOLOGY LAW INCLUDING CYBER LAWS (CONCEPTS, PURPOSE, PROSPECTS) In India, cyber laws are contained in the Information Technology Act, 2000 (“IT Act”) which came into force on October 17, 2000. The main purpose of the Act is to provide legal recognition to electronic commerce and to facilitate filing of electronic records with the Government. … Read more
The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more
State Finances And Local Finances State finances The constitution (73rd and 74th) Amendment Acts, 1992 and ARTICLE 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every State Government is required to constitute, once in five years, a Finance Commission … Read more
EXECUTIVE–ITS ACCOUNTABILITY TO PARLIAMENT RELATION OF PARLIAMENT WITH THE EXECUTIVE One of the most important questions which engaged the attention of the framers of the Constitution was the nature of the Executive and its relation with the Legislature. Dr. Ambedkar observed in introducing the Constitution: The decision of the Constituent Assembly on the form … Read more
OVERVIEW AND FUNCTIONS The Office of the Accountant General (General & Social Sector Audit) Madhya Pradesh, Gwalior ,which is a part of the Indian Audit and Accounts Department, functions under the Comptroller and Auditor General of India and performs audit of Civil and Commercial Departments and PSUs of the State Government of Madhya Pradesh categorized … Read more
Corporate governance Need of corporate governance Over the last two decades, corporate governance has attracted a great deal of public interest because of its apparent importance for the economic Health of corporations and Society in general. The headlines of the previous two years in particular portrayed a sad story of corporate ethics (or … Read more
EXECUTIVE–ITS ACCOUNTABILITY TO PARLIAMENT RELATION OF PARLIAMENT WITH THE EXECUTIVE One of the most important questions which engaged the attention of the framers of the Constitution was the nature of the Executive and its relation with the Legislature. Dr. Ambedkar observed in introducing the Constitution: The decision of the Constituent … Read more
PERFORMANCE AUDIT Meaning An independent examination of the efficiency and effectiveness of government undertakings, programs or organisations, with due regard to economy, and the aim of leading to improvements”. Performance audit is simply an audit of Sound financial management, namely of the economy, efficiency and effectiveness with which audited … Read more
Utilization of public fund Intergovernmental transfers from the centre to the states takes place through three channels: statutory and other transfers mandated by the Finance Commission, formula-based transfers for State Plan Schemes through the Planning Commission, and other discretionary transfers by the Planning Commission/ various central Ministries. The entire tax sharing is a … Read more