CAG flags ₹3.69 lakh crore cess transfer shortfall; RJD MP demands accountability in Rajya Sabha
GS2Polity · Governance · IR· Constitutional bodies (CAG, UPSC, FC, NCSC...)· Prelims + Mains·
Why in news
An RJD MP raised concerns in the Rajya Sabha regarding a CAG report highlighting a ₹3.69 lakh crore shortfall in the transfer of cess collections to designated funds.
Background
The CAG report identified lapses spanning five decades, with ₹3.69 lakh crore remaining un-transferred between FY 2023-24 and previous years. Shortfalls were specifically noted in the Oil Industry Development Board, health, education, Investor Education and Protection Fund, and Monetisation of National Highways Fund.
Facts for Prelims
- BodyCAG: Comptroller and Auditor General of India, the supreme audit institution of India.
- FactShortfall amount: ₹3.69 lakh crore in cess transfers identified by CAG.
- FactAffected funds include Oil Industry Development Board, health, education, Investor Education and Protection Fund, and Monetisation of National Highways Fund.
For Mains
Q. Examine the role of the Comptroller and Auditor General in ensuring fiscal discipline and transparency in the management of cess-based funds.
Dimensions to cover in your answer
- Audit oversight: Identifying systemic lapses in the timely transfer of earmarked cess collections to designated development funds.
- Fiscal accountability: Addressing discrepancies between official accounts and actual fund transfers to prevent leakage in public spending.
Keywords: Fiscal Transparency · Audit Oversight · Cess Management · Public Accountability · Financial Governance
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