Vinod Rai, the first Comptroller & Auditor General of India (CAG) to show us that the government and politicians can be made accountable, if statutory bodies simply do their job, will address a packed audience on the need for an accountable government in building a vibrant democracy
Moneylife Foundation has organised a lecture by Comptroller and Auditor General of India (CAG) Vinod Rai, to be followed by a question and answer session to be moderated by the Foundation’s trustee Sucheta Dalal, at Swatantryaveer Savarkar Rashtriya Smarak in Dadar (Mumbai) at 6:30pm this evening.
CAG Vinod Rai’s relentless audit and fearless disclosures have told the story of the massive real and potential losses in the sale of 2G telecom spectrum, the Commonwealth Games, allocation of captive coal blocks and irrigation projects. Mr Rai has managed to remain unflappable under extraordinary political pressure, making him no less a national hero than anyone else in recent memory.
His fearlessness has shaken up government and unsurprisingly attracted detractors, mostly from the government. Even the prime minister, on more than one occasion, has said that the CAG is going beyond his mandate. Mr Rai hasn’t backed down, of course. Just last week, addressing Harvard’s prestigious Kennedy School, he criticised the Manmohan Singh government for attempting to reduce the federal auditor to a mere accountant with no real role in auditing policy.
Mr Rai took over as the Comptroller & Auditor General of India on 7 January 2008. He has a Masters Degree in Economics from Delhi University and Masters in Public Administration from Harvard. A 1972 batch IAS from the Kerala cadre, he was the Additional Secretary, Banking and later, Secretary, Department of Financial Services, in his previous assignments.
About ML Foundation: For three years now, Moneylife Foundation has been spreading financial literacy all over India. Its member base now exceeds 21,000. The Foundation has conducted over 150 seminars on topics as diverse as Right to Information, Wills and Nominations and Pyramid Schemes. It was set up by Sucheta Dalal, Debashis Basu and Dr Nita Mukherjee.
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