CAG preparing report on impact of demonetisation, likely to be ready before budget session
November 19, 2018 18:39
The Comptroller and Auditor General is auditing the impact of the controversial demonetisation on the Indian economy and may complete its report on it before the budget session of Parliament early next year.
However, sources said since it will not be a full-fledged Budget Session with 2019 being an election year, it is not clear if the government will table the report in Parliament.
Last week, 60 retired bureaucrats had written to the CAG, alleging that the report on demonetisation was being "deliberately" delayed to not "embarrass" the Central government till next year`s Lok Sabha elections.
Calling it an "unconscionable and unwarranted delay", they said there was no sight of the audit report on demonetisation promised by the previous CAG Shashi Kant Sharma over 20 months ago.
Sources in the CAG office said that while it was outside the ambit of the CAG to audit the Reserve Bank of India or even the public sector banks, it was looking at issues which had a bearing on demonetisation and on the impact that arose out of the disruptive action, executed on November 8, 2016.
"We don`t audit RBI. That is out of the ambit of the audit. We don`t have a mandate to audit RBI or even the public sector banks. Issues which have a bearing on demonetisation, those are being looked at and that comes in the report which is usually tabled in the Budget Session," a source said.
He said the findings will be a part of Report Number 1, which is always presented in the Budget Session.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances