New Delhi: Prime Minister Narendra Modi unveiled the statue of Sardar Vallabhbhai Patel at the office of the Comptroller and Auditor General of India (CAG) in the national capital on Tuesday to mark the first Audit Diwas.
Audit Diwas is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
"Audit Diwas seeks to highlight the rich contributions of CAG to boost transparency and good governance," PM Modi tweeted.
Pointing out the lapses during previous regimes, Prime Minister Modi said that audit was earlier viewed with scepticism while it is now being considered as an important part of value addition.
Addressing the event, Prime Minister said, "There was a time when the audit was seen with scepticism and fear. CAG versus government became the common mindset of our system. Sometimes officials used to think that CAG sees faults in everything. But today mindset has been changed. Today audit is considered an important part of value addition."
"Earlier, due to the lack of transparency in the banking sector, various practices used to take place. As a result, the NPAs (Non-Performing Asset) of the banks kept increasing. You know very well the work done to brush the NPAs under the carpet earlier. But we presented the reality of the previous governments, the actual situation, honestly before the nation. We will be able to find out a solution only if we identify the problems," he stated.