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K’taka seeks CAG guidance in auditing accounts of local bodies

Last Updated: Thursday, October 29, 2009 - 18:06

Bangalore: Karnataka Government on Thursday sought
the guidance of the Comptroller and Auditor General (CAG) for
auditing accounts of local bodies in the State.

Chief Minister B S Yeddyurappa held a meeting with Vinod
Rai, CAG of India, and discussed issues related to finance and

"We placed a proposal to assign to the CAG, the role of
providing technical guidance for the audit of major local
bodies like City corporations of the State", Yeddyurappa said.

"In view of the huge capital and revenue expenditure
incurred by these bodies, such supervision by the CAG will be
very useful", he told reporters.

Noting that the first CAG of India was Narahari Rao from
Karnataka, Yeddyurappa sought suggestions on steps to be taken
by the State Government during economic slowdown.

Karnataka was the first state to bring Fiscal
Responsibility Act in 2002 and "we are in revenue surplus from
2004-05 till date", the Chief Minister said.

Rai hailed the government for the manner in which it
handled the State finances and the rehabilitation work it had
taken up in rain-affected districts of North Karnataka.

Bureau Report

First Published: Thursday, October 29, 2009 - 18:06
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