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CAG audit of natural resources to start soon

22/11/2021 at 3:20 PM

Bhubaneswar, Nov 22: The Comptroller and Auditor General (CAG) will soon start conducting natural resource accounting (NRA) in India in a phased manner.

The NRA audit will prepare a balance sheet of natural resources with assets account in respect of major natural resources, informed CAG Girish Chandra Murmu on Monday.

The exercise will involve verification of revenue earned by the exchequer through royalty from the extraction of mineral and energy resources.

The assets account will give information about total mineral resources of a state, its yearly extraction, the estimated market value and the actual revenue earned.

The CAG will also audit the expenditure of local bodies.

On the occasion, the CAG inaugurated a new office building of the Principal Accountant General.

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