The President of Indian Union, Pranab Mukherjee on 21 May 2013 appointed Shashi Kant Sharma as the new Comptroller and Auditor General (CAG) of India. Shashi Kant Sharma will succeed Vinod Rai who superannuates on 21 May 2013 after completing tenure of five and a half years as the Head of the Constitutional Financial body.
His appointment to the post of CAG by the President was made on basis of Article 148 (1) of the Constitution of India. He will assume the charge to the office of CAG on 23 May 2013 after administering the oath of the office by the President of India.
About Shashi Kant Sharma
• He is the IAS officer of 1976 Bihar Cadre and at present was holding the post of Defence Secretary in the Ministry of Defence, Government of India.
• He holds a Masters degree in Political Science from the University of York
• He has served as the Secretary in the Department of Financial Services
The Comptroller and Auditor General (CAG) of India is appointed for a maximum term of six years or till he attends the age of 65 years, whichever is earlier.
Earlier, during the tenure of Vinod Rai, CAG came under sharp attacks from the Union Government of India for its assessment reports of 1.76 lakh crore rupees loss in Allocation of 2G Spectrum and Public Exchequer’s Loss at 1.86 Lakh Crore in Coal Blocks Allocation. Tenure of Vinod Rai to the office of CAG was accused for going beyond its ambit of auditing and analyzing the policy decisions.