CAG urges to integrate "effective preventive vigilance" in PSEs

Said emphasis on preventive vigilance would provide timely warnings to the management about possible risks

GN Bureau | November 20, 2013



Shashi Kant Sharma, Comptroller & Auditor General of India (CAG) has urged public sector enterprises (PSEs) to consider ways and means to integrate effective preventive vigilance in the structure of the organizations.  

“This is the only way to make vigilance a constructive part of sound internal control system in any organization,” he said.
Speaking at a release function of the special issue of KALEIDOSCOPE Journal on “Vigilance Administration in PSEs”, organized by SCOPE, in Delhi.
 
Sharma laid emphasis on preventive vigilance, proactive, and risk assessment which provide timely warnings to the management about possible risks.  He said vigilance departments in PSEs have been taking proactive actions in developing systems and procedures which have potential to lead to correct practices.

U D Choubey, director general of SCOPE in his address said that the vigilance administration in PSEs has enhanced their image. He said PSEs have large and complex heterogeneous systems starting from their accountability to Parliament and many committees like CVC, CAG, CBI, CIC, and CCI.  He advocated for greater flexibility in public sector for speedier decision making.

Comments

 

Other News

Cabinet passes resolution applauding PM on term record

The Union Cabinet on Wednesday passed a resolution marking June 10, 2026, as a historic milestone in the journey of Indian democracy applauding Narendra Modi for becoming the longest-serving elected PM of the country. By establishing a record of 4,399 days of continuous service as an elected PM, he has s

Testing the teachers, moving the goalposts

A teacher was appointed in 1999, before the Right to Education (RTE) Act came into force, and appointed under the rules that existed at that time. She gave the necessary test, passed it, passed the interview, and was appointed. Over the next 26 years, she taught thousands of children, faced transfer orde

`Focus on infra, reforms, digital connectivity has created strong foundation for growth`

In a step towards the operationalisation of the Bharat Audyogik Vikas Yojana (BHAVYA), union minister of commerce & industry Piyush Goyal launched the BHAVYA Portal on Monday in New Delhi.   Addressing the gathering, Goyal said that the BHAVYA scheme will adopt a competit

Govt, RBI announce major reforms to attract FPI

The finance ministry on Friday announced a series of measures aimed at enhancing the ease of investment for individual Persons Resident Outside India (PROIs) and Foreign Portfolio Investors (FPIs), and to attract stable long-term foreign capital flows.   Building on the recent in

Lessons in climate adaption from world’s largest inhabited river island

Majuli Island, perched between the Brahmaputra River to the south and east, the Subansiri River to the west, and a branch of the Brahmaputra to the north, has been severely affected by recurrent flooding and intense riverbank erosion. Despite its global importance in acquiring UNESCO tentative status for

Careless whispers and the impossible trinity

Time can never mend, the careless whispers of …    As the RBI marches ahead, for the upcoming monetary policy meeting this June, whispers from the corridors echo around several policy options to defend the rupee – by deploying forex reserves, raising in





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter