New Delhi, Nov 17 (FN Bureau) Lok Sabha Speaker Om Birla on Thursday said transparency and accountability are the essence of governance in parliamentary democracy. Birla made the statement while addressing the the valedictory session of Audit Day and Auditors’ Conference here. He also opined that effective and efficient use of public money is the aim of both Parliament and government. In this regard, Birla highlighted the role of CAG in ensuring fiscal discipline of States. Lauding the CAG, the Speaker said, “CAG is among the most effective and prestigious audit institutions in the world.” He added that the discussions and positive suggestions on CAG reports within the House and Parliamentary Committees strengthen nation’s democracy. Birla also expressed happiness that the CAG report is discussed in the House going beyond party lines and decisions are taken in the interest of the nation.
Regarding the increasing role of CAG in the changing scenario, the Speaker observed that the importance of CAG reports and the relevance of audit have increased in the country. CAG has an outsider viewpoint while assessing the working of the government, which leads to financial savings and efficient planning, he added. Mentioning about India’s rapidly growing economy, Birla said in the era of digital economy, strong digital infrastructure and digital financial records are going to make the role of CAG even more challenging. He added that in order to meet these challenges, it is necessary to have skills and training as well as knowledge in the latest technology.