Murmu is the current CAG of India
Who is a state exchequer?
a treasury, as of a state or nation. (often initial capital letter) the governmental department in charge of the public revenues . (formerly) an office administering the royal revenues and determining all cases affecting them.
Who is the royal exchequer?
In the civil service of the United Kingdom, Her Majesty’s Exchequer, or just the Exchequer, is the accounting process of central government and the government’s current account (i.e., money held from taxation and other government revenues) in the Consolidated Fund.
What is govt exchequer?
exchequer in British English
(ɪksˈtʃɛkə ) noun. 1. ( often capital) government. (in Britain and certain other countries) the accounting department of the Treasury , responsible for receiving and issuing funds.
What is the origin of Exchequer?
Exchequer, in British history, the government department that was responsible for receiving and dispersing the public revenue. The word derives from the Latin scaccarium, “chessboard,” in reference to the checkered cloth on which the reckoning of revenues took place.
What is the Treasury?
The U.S. Treasury is a government department in charge of managing all federal finances . It is responsible for collecting taxes, paying bills, managing currency, government accounts, and public debt.
What does an Exchequer do?
Responsibilities. The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending.
Who is our home secretary?
The incumbent is Priti Patel, who was appointed by Prime Minister Boris Johnson in July 2019.
What does mean by Exchequer?
1 capitalized : a department or office of state in medieval England charged with the collection and management of the royal revenue and judicial determination of all revenue causes .
Who was the longest serving chancellor of the exchequer?
Fiscal policy
Perhaps as a result, Tony Blair chose to keep him in the same position throughout his ten years as prime minister; making Brown an unusually dominant figure and the longest-serving chancellor since the Reform Act of 1832.
What is Consolidated Fund India?
Article 266(1) of the Constitution of India requires revenues received (direct and indirect taxes, money borrowed) by the Government of India and expenses (receipts from loans given by the government), excluding the exceptional items, are part of consolidated fund.
Who is CAG?
| Comptroller and Auditor General of India | Incumbent G. C. Murmu, IAS since 8 August 2020 | Abbreviation CAG | Reports to President of India | Residence New Delhi, Delhi |
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What is a comptroller in government?
What Is a Comptroller? A comptroller, in the United States, is a high-level executive that oversees the accounting tasks and financial reporting procedures of organizations . The comptroller oversees all accounting including accounts receivable, payroll, and loan transactions.
What is a chancellor in history?
Chancellor (Latin: cancellarius) is a title of various official positions in the governments of many nations. ... The head of the government. A person in charge of foreign affairs. A person with duties related to justice. A person in charge of financial and economic issues.
What best defines the Exchequer?
Money in one’s possession; funds; finances. ... Exchequer is defined as a royal or national treasury or is defined as the account into which tax funds and other public funds are deposited . The treasury of the English government is an example of an exchequer. noun. In Great Britain, the Court of Exchequer.
What is the Irish Exchequer?
The Exchequer of Ireland was a body in the Kingdom of Ireland tasked with collecting royal revenue. Modelled on the English Exchequer, it was created in 1210 after King John of England applied English law and legal structure to his Lordship of Ireland.
