CAG SEEKS POWER TO AUDIT SPVs
The Government's top auditor wants the power to examine the books of infrastructure projects being
built by the private sector, such as airports and highways, to make them accountable to Parliament.
The Comptroller and Auditor General (CAG) of India has proposed that it should be armed with powers to check the accounts of all special purpose vehicles (SPVs)-which are essentially project-specific companies-running infrastructure projects.
built by the private sector, such as airports and highways, to make them accountable to Parliament.
The Comptroller and Auditor General (CAG) of India has proposed that it should be armed with powers to check the accounts of all special purpose vehicles (SPVs)-which are essentially project-specific companies-running infrastructure projects.
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