Banking service chronicle

Banking service chronicle

Banking service chronicle published this article page no 3 this article was published in magazine  this instituted a third-tier of governance in the federal framework through the devolution of functions funds and functionaries to local governments.  constitutional provisions o article 243 j: the legislature of a state may by law make provisions with respect to the maintenance of accounts by the panchayats and the auditing of such accounts. about comptroller and auditor-general of india (cag)  articles 148 – 151 of the constitution of india deal with the institution of the cag of india.  cag is appointed by the president by warrant under his hand and sea.  removal from office in like manner and on like grounds as a judge of the supreme court.  in order of precedence the cag is ranked 9th and enjoys the same status as a sitting judge of supreme court of india. Banking service chronicle magazine  cag exercise such powers and perform such duties in relation to the accounts of the union and of the states and of any other authority or body as may be prescribed by or under any law made by parliament. 5o article 243 the legislature of a state may by law make provisions with respect to the maintenance of accounts by the municipalities and the auditing of such accounts. importance of auditing of local self government  ensuring the accountability: a large part of government expenditure directly goes to local bodies for implementation of several central and state level schemes Banking service chronicle magazine subscription.

Banking service chronicle