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CAG Finds 'Short Transfer' of ₹3.7-lakh-crore Cess Funds
Financial Express Chandigarh
|August 14, 2025
TEST CHECK OF records of the union government accounts revealed aggregate short transfer of ₹3.69 lakh crore till March 31, 2024, to the designated reserve funds in the Public Accounts, the Comptroller and Auditor General of India (CAG) has said in a report.
Reserve funds form part of the public account of India. These funds are set aside for specific purposes and are generally financed through cess or levy which on collection, is credited into the consolidated fund of India and transferred to the specified reserve fund with Parliament's approval.
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