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IIM Mumbai & CAG India Sign MoU to Strengthen Economic Governance and Accountability.

MOUs and Agreement | Dated: 28 Mar 2025

In March 2025, the Indian Institute of Management (IIM-Mumbai), based in Mumbai, Maharashtra, and the Comptroller and Auditor General (CAG) of India signed a Memorandum of Understanding (MoU) to enhance the efficiency and transparency of public sector logistics, supply chain, and inventory management.

🎯 Key Highlights:

  • - The MoU was signed in the presence of K. Sanjay Murthy, CAG of India, and Manoj Tiwari, Director, IIM-Mumbai, along with their respective teams in New Delhi, Delhi.
  • - This MoU marks an initiative led by CAG India, aiming to foster collaborations with institutes of national importance like IIM-Mumbai to strengthen capacity building for Indian Audit and Accounts Department (IAAD) officials, enhance auditing capabilities, and improve resource management across government departments and public sector enterprises (PSEs).

💡 Other Important Facts:

  • (i) This strategic partnership seeks to enhance auditors' sector-specific expertise, improve risk and performance analysis, and promote transparency, accountability, and data-driven excellence in public financial management.
  • (ii) A customized training course for 45 CAG officials is scheduled to commence in the 3rd week of April 2025.
  • (iii) The course is designed to equip CAG officials with essential skills to effectively audit and manage logistics and supply chain operations within the public sector.

📚 Test Your Knowledge:

Recently, which Indian institution signed an MoU with CAG India to enhance economic governance and accountability?

Correct Answer: IIM Mumbai

🚀 Quick Recap:

About Comptroller and Auditor General (CAG)

  • Inaugural holder: V. Narahari Rao
  • Residence: New Delhi, Delhi