Banking service chronicle published this article page no 7 the new delhi leaders declaration represents a fundamental shift in focus from conflict and public administration in india dating back to the 4th century bce is based on the ancient arthashastra which deals with politics statecraft and governance. the institution of the comptroller and auditor general (cag) came into existence in the year 1860 and later gained constitutional status in 1950. Banking service chronicle magazine the cag plays a crucial role in public financial management advising the government on maintaining accounts for union and state governments. the constitution ensures the independence of the cag from the legislature and the executive. the cag has complete discretion in the discharge of his functions including the selection of audit issues the manner of conduct and reporting of audits and the organisation and management of his office Banking service chronicle magazine subscription.
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