Indian Economy Current Affairs Analysis
CAG and 16th Finance Commission hold consultation on public finance
assessment of the financial landscape of the Centre and States
three key areas:
IUnion and State finances
IIlocal bodies
IIIPublic Sector Enterprises (PSEs)
CAG
Comptroller and Auditor General of India (CAG)
CAG- Shri K Sanjay Murthy
Term length6 yrs or up to 65 yrs of age (whichever is earlier)
Constituting instrument Article 148 of the Constitution of India
16TH FINANCE COMMISSION
Chaired by Dr Arvind Panagariya
Established under Article 280 of the Constitution
Tenure of five years, from April 1, 2026 to 2031.
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