Why is it in the news?
CGA launched the Government Bank Dashboard and Government Bank Manual in New Delhi.
Strengthens financial monitoring and transparency mechanisms.
Category: Polity
Important Points:
● CGA is Principal Accounting Adviser to Government of India
● Established in October 1975
● Responsible for central government exchequer control and internal audits
● Functions under Department of Expenditure, Ministry of Finance
● Analyzes expenditure, revenues, borrowings and fiscal indicators
● Formulates policies on accounting principles for Centre and States
● Administers payments, receipts and accounting in Central Civil Ministries
● Monitors Action Taken Notes via Audit Para Monitoring System (APMS)
● Looks after pensions of Central government employees