Performance of regulators may come under CAG lens

The Comptroller and Auditor General (CAG) of India may soon extend its ambit from evaluating regulators’ accounts to their performance.

“CAG is currently looking into the books of regulators like the Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority (Irda), but now we want to audit their performance also,” said a CAG official on the condition of anonymity.