International Centre for Audit of Local Governance (iCAL)
On 18th July, 2024, the International Centre for Audit of Local Governance (iCAL) was officially inaugurated in Rajkot, Gujarat.
About iCAL
- The institute, a first in the country as per the CAG office, will function out of the office building of the Accountant General (Account & Entitlement and Audit-1) and aims to set global standards for auditing local governance bodies.
Need for iCAL
Funding and Utilization Issues
- Despite the substantial flow of funds, local bodies often face funding availability and utilization challenges.
- A 2022 report from the Reserve Bank of India (RBI) highlighted that many municipalities prepare budgets and review ....
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