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

Modi said the NPAs of the banking sector had continued to rise because of wrong practices and lack of transparency followed by the earlier regime

Exhorting auditors to adopt strong and scientific auditing practices, Prime Minister Narendra Modi 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