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

"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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