CAG Murthy, Arvind Panagariya hold consultation on public finance, revenue

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CAG Murthy, Arvind Panagariya hold consultation on public finance, revenue - Business Standard

Quick Summary:

Comptroller and Auditor General of India (CAG) K Sanjay Murthy on Wednesday held consultations with Chairman of 16th Finance Commission Arvind Panagariya on various aspects of public finance, including untapped revenue sources, GST administration, and standardisation of accounting practices in all tiers.

The high-level consultation formed a critical part of the commission's ongoing assessment of the financial landscape of the Centre and states, the CAG office said in a release.

The deliberations mainly focused on three key areas - Union and state finances, local bodies, and Public Sector Enterprises (PSEs).