CAG prioritizes enhancing local body account maturity for better governance
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CAG prioritizes enhancing local body account maturity for better governance
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News18•03-03-2026, 21:30
CAG prioritizes enhancing local body account maturity for better governance
•Comptroller and Auditor General K Sanjay Murthy emphasizes improving local body account maturity for better asset management and operational efficiency.
•CAG will support state governments in preparing higher quality accounts, building on observations about current account quality.
•Ministry of Housing and Urban Affairs' City Finance Portal has enhanced transparency by centralizing local body account uploads.
•CAG is conducting a pilot analysis of 700 local body accounts to assess their maturity across various geographies.
•16th Finance Commission grants have more than doubled, with the Urban Challenge Fund offering over 4 lakh crore in potential investment.
