RBI and CAG audit

..The only area perhaps there is scope  at all for audit by CAG is on expenditure side which is kept to the barest minimum because of Conservativeness the RBI has been pursuing since its inception.Here also, RBI has well laid down system and procedures and they are all transparent. RBI runs its show with minimum staff and efforts are continuously on to reduce the staff further Expenditure is seen as an allergy and staff have been well trained to be so economical that even genuine needs are often overlooked.................

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