CEA Nageswaran backs CAG audit of local bodies

Chief economic adviser V Anantha Nageswaran calls for Comptroller and Auditor General of India audits for Panchayati Raj institutions. This aims to boost transparency and create essential data for State Finance Commissions. Current data gaps hinder effective policy guidance. Uniform accounting heads are also proposed for better fiscal accountability of states.

Raccontata daeconomictimes.indiatimes.com