PM addresses the event marking celebration of first Audit Diwas

Published By : Admin | November 16, 2021 | 12:02 IST
Quote“Mindset of 'CAG vs Government' has changed. Today audit is being considered as an important part of value addition”
Quote“We have put the truth of the previous governments in front of the country with complete honesty. We will find the solutions only when we recognize the problems”
Quote“Contactless customs, automatic renewals, faceless assessments, online applications for service delivery. All these reforms have ended the unnecessary interference of the government”
Quote“CAG has changed rapidly by adopting modern procedures. Today you are using advanced analytics tools, geo spatial data and satellite imagery”
Quote“In the 21st century, data is information, and in the coming times our history will also be seen and understood through data. In the future, data will dictate history”

The Prime Minister, Shri Narendra Modi addressed the event marking the celebration of first Audit Diwas. He also unveiled the statue of SardarVallabhbhai Patel on the occasion. The Comptroller and Auditor General of India, Shri Girish Chandra Murmu was among those present on the occasion.

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Addressing the gathering, the Prime Minister said CAG not just keeps track of nations accounts but also does value addition in productivity and efficiency, therefore deliberations on the Audit Day and related programmes are part of our improvement and improvisation. CAG is an institution that has grown in importance and has created a legacy with passage of time.

The Prime Minister paid tributes to Mahatma Gandhi, Sardar Patel and Babasaheb Ambedkar and said that these great leaders taught us how to set big goals and achieve them.

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The Prime Minister said there was a time when auditing in the country was looked upon with apprehension and dread. 'CAG vs Government', had become the common thought of our system. But, today this mindset has changed. Today audit is being considered as an important part of value addition.

The Prime Minister commented, earlier, due to lack of transparency in the banking sector, various wrong practices were followed. The result was that the NPAs of the banks kept increasing. “You know very well how, in the past, NPAs were brushed under the carpet. However, we have put the truth of the previous governments in front of the country with complete honesty. We will find the solutions only when we recognize the problems”, he said.

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The Prime Minister said “today we are making such a system in which the thinking of 'Sarkar Sarvam' i.e. the interference of the government is decreasing, and your work is also getting easier”, the Prime Minister told the auditors. This is in accordance with 'Minimum Government Maximum Governance'. “Contactless customs, automatic renewals, faceless assessments, online applications for service delivery. All these reforms have ended the unnecessary interference of the government”, he added.

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The Prime Minister expressed happiness that CAG has overcome the image of a meddlesome busybody fumbling with files. He noted that “CAG has changed rapidly by adopting modern procedures. Today you are using advanced analytics tools, geo spatial data and satellite imagery”

The Prime Minister, talking about the biggest epidemic of the century, pointed out that the country's fight against it has also been extraordinary. Today we are running the world's largest vaccination program. Just a few weeks ago, the country crossed the milestone of 100 crore vaccine doses, he informed. He suggested that CAG may study the practices that emerged during this great fight.

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The Prime Minister said in olden times, information was transmitted through stories. History was written through stories. But today in the 21st century, data is information, and in the coming times our history will also be seen and understood through data. In the future, data will dictate history, he concluded.

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  • DR HEMRAJ RANA February 18, 2022

    वैष्णव संप्रदाय के सुहृदय कृष्ण भक्त, राधा-कृष्ण नाम संकिर्तन भक्ति द्वारा जाति-पाति, ऊंच-नीच खत्म करने की शिक्षा देने वाले महान संत एवं विचारक श्री #चैतन्य_महाप्रभु जी की जन्म जयंती पर सादर प्रणाम।
  • DR HEMRAJ RANA February 18, 2022

    वैष्णव संप्रदाय के सुहृदय कृष्ण भक्त, राधा-कृष्ण नाम संकिर्तन भक्ति द्वारा जाति-पाति, ऊंच-नीच खत्म करने की शिक्षा देने वाले महान संत एवं विचारक श्री #चैतन्य_महाप्रभु जी की जन्म जयंती पर सादर प्रणाम।
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Prime Minister and President of Cyprus interact with business leaders from Cyprus and India
June 15, 2025

Prime Minister Shri Narendra Modi along with the President of Cyprus, H.E. Nikos Christodoulides today held a Roundtable interaction with business leaders from Cyprus and India in Limassol. The participants represented diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, AI, IT services, tourism and mobility.

Highlighting India's rapid economic transformation in the last 11 years, Prime Minister noted that India, propelled by next-generation reforms, policy predictability, stable polity and Ease of Doing Business, has become the fastest growing major economy in the world. Emphasizing on the primacy being given to innovation, digital revolution, start-up and futuristic infrastructure development, he expressed confidence that India, the fifth largest economy in the world, was well positioned to become the third largest in a few years’ time. He noted that steady growth in India’s civil aviation, port, shipbuilding, digital payments and green development sectors have opened myriad opportunities for companies from Cyprus to partner with India. He further underlined the strengths of India’s skilled talent and start-up ecosystem and highlighted manufacturing, AI, Quantum, Semiconductor and Critical Minerals as new and emerging areas contributing to India’s growth story.

Prime Minister noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector and welcomed the keen interest in Cyprus for new investments into the Indian economy. Highlighting the potential for business engagement in the financial services sector, the two leaders welcomed the signing of an MOU between NSE International Exchange GIFT CITY, Gujarat and Cyprus Stock Exchange. NIPL (NPCI International Payments Limited) and the Eurobank Cyprus reached an understanding on introducing UPI for cross border payments between the two countries which would benefit tourists and businesses. Prime Minister also welcomed the launch of the India–Greece–Cyprus (IGC) Business and Investment Council, which will foster trilateral cooperation in sectors such as shipping, logistics, renewable energy, civil aviation and digital services. Prime Minister welcomed the fact that many Indian companies see Cyprus as a gateway to Europe and hub for IT services, financial management, and tourism.

As Cyprus prepares to assume the Presidency of the EU Council next year, the two leaders reaffirmed their commitment to further strengthen India-EU Strategic Partnership. They expressed optimism about concluding the India-EU Free Trade Agreement by end of the year which would also give a major boost to trade and economic cooperation between the two countries. Prime Minister underlined that the business roundtable had given practical suggestions which would form the basis for a structured economic roadmap, ensuring long-term collaboration in trade, innovation and strategic sectors.

With shared aspirations and a future-focused approach, India and Cyprus are poised for a new era of dynamic and mutually beneficial economic cooperation.