CAG developing institutional capacity for new age needs

India should use data and technology to detect corruption and unfair practices in government tenders, with stronger coordination between the Comptroller and Auditor General of India and Competition Commission of India to identify collusion and pro...

ANI
CAG calls for use of data, tech to detect unfair practices in govt tenders
The Competition Commission of India (CCI) is building institutional capacity to better understand digital markets and the evolving role of artificial intelligence, Chairperson Ravneet Kaur said Wednesday. She said the regulatory body needs to expand its competencies by bringing in data scientists, and analysts that understand what goes on behind AI applications.

“While I have a team which is looking at the law, and economic analysis, we also need to build insights when it comes to understanding the AI tools and the way digital markets are functioning,” she said at the 17th annual day of CCI, adding the need is for bringing in people with skills across forensic audit and technological understanding.

The regulator is also increasing the number of approvals under automated route for ‘non-problematic’ transactions. “In today’s date, green channel constitutes more than 20% (approvals). We have done 143 deemed approvals,” Kaur said.


Delivering his address, Comptroller and Auditor General of India (CAG), K Sanjay Murthy said the role of the CCI will evolve become foundational for economic governance.

“We are working towards strengthening the public procurement system by better decision making,” Murthy said, adding the CAG’s responsibilities have also shifted to provide deep insights into the efficiency and effectiveness of national programmes. The auditor is developing a sovereign Large Language Model (LLM), and AI platform for use in public sector auditing work.

Earlier this month, the CAG office issued an expression of interest to establish a Sovereign AI and Data Platform with Agentic AI Applications. This is meant to serve as the central digital backbone for all present and future AI and analytics workloads.
ADVERTISEMENT


This platform is intended to consolidate infrastructure, data, and AI services under a single governed environment - eliminating fragmentation, enforcing institutional ownership of data and models, and enabling rapid deployment of new intelligent applications without repeated ground-up investment.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › India › CAG developing institutional capacity for new age needs
Text Size:AAA
Success
This article has been saved

*

+