HomeIndiaNo more CAG vs govt; data will dictate history, says PM Narendra...

No more CAG vs govt; data will dictate history, says PM Narendra Modi

Exhorting auditors to adopt strong and scientific auditing practices, Prime Minister said audit is an important tool for value addition which helps in recognising problems and finding solutions. He was addressing an event celebrating the first Audit Diwas organised by the Comptroller and Auditor General (CAG) on Tuesday.

He said there was a time when auditing in the country was looked upon with apprehension and dread and “CAG vs government” had become the common thought of system. “…But today, this mindset has changed. Today audit is being considered as an important part of value addition.”

Modi said the non-performing assets (NPAs) of the banking sector had continued to rise because of wrong practices and lack of transparency followed by the earlier regime. “You know very well how, in the past, were brushed under the carpet. However, we have put the truth of the previous governments in front of the country with complete honesty. We will find the solutions only when we recognise the problems,” he said.

The PM said in the past information was transmitted in form of stories and history was written through stories. “But now, data is information, and in the coming times our history will also be seen and understood through data. In the future, data will dictate history,” he said.

He listed out reforms such as contactless customs, automatic renewals, faceless assessments and online applications for service delivery, that have ended unnecessary government interventions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

- Advertisment -