The Last of the coins to be released in the year 2011 was to commemorate the 150 years of Controller & Auditor General of India [CAG]. The function was held on 16th November 2011.
Following are the details of the coins released :
Read the full text of the release function by Shree Pranab Mukherjee here
The Comptroller and Auditor General (CAG) of India is an authority, established by the Constitution of India, who audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The CAG is also the external auditor of government-owned companies. The reports of the CAG are taken into consideration by the Public Accounts Committees, which are special committees in the Parliament of India and the state legislatures. The CAG is also the head of the Indian Audit and Accounts Department, which has over 58,000 employees across the country.
The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence.
The Comptroller and Auditor-General of India is appointed by the President of India following a recommendation by the Prime Minister. On appointment, he/she has to make an oath or affirmation before the President of India.
The office of CAG has been given utmost importance by the Constitution makers. As per the Constitution of India retired C&AG can not take up any position or post under Govt of India or any other private body. C&AG’s removal procedure is similar to that of removal of a Judge of Supreme Court of India.