Who acts as the Watchdog of Public Purse?
The Comptroller and Auditor General (CAG) acts as the watchdog of the public purse. The CAG operates as an independent authority, as stated by the Constitution of India.
The CAG is the authorized head of the audit & account department of the Indian economy. This post is also the chief Guardian of Public purse. This institution holds the government on both levels, the Centre and the State, accountable for their spending of public funds.
This institution, like many other institutions in our country, was brought into existence by the British government. The Office of the Accountant General was founded in 1858. This was after the British crown annexed the administrative powers from the East Indian Company following the revolt of 1857. Sir Edward Drummond was appointed as the first Auditor General in 1860.