Government examining CAG demand on auditing regulators

August 3rd, 2010 - 7:13 pm ICT by IANS  

New Delhi, Aug 3 (IANS) The government is examining the Comptroller and Auditor General’s demand that various regulators, including those of the telecom and petroleum sectors, must not be kept outside its audit jurisdiction.
Minister of State for Finance Namo Narain Meena gave this information to the Rajya Sabha Tuesday in a written reply to a question by AIADMK member A. Elavarasan.

Meena told the house that “CAG has asked government to ensure that statute of the regulatory bodies do not have the restrictive provisions for CAG audit.”

The CAG had made the demand pointing out that “the provisions of Telecom Regulatory Authority of India (TRAI) Act, 1971 and the Petroleum and Natural Gas Regulatory Board Act, 2006 keep the decisions taken by these regulatory authorities outside the audit jurisdiction.”

It has also sought scrapping of the provisions which have restricted its audit jurisdiction over the two regulators.

“The government has sought views of the concerned ministries on this demand made by CAG,” said Meena.

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