Covid-19 pandemic hits country's economy hard: President Ram Nath Kovind
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President Ram Nath Kovind has said the Covid-19 pandemic hit the country's economy hard. Kovind said the past 18 months have been very trying for the country. He stated the government has taken various fiscal measures for the welfare of the poor and alleviate distress.
He added ‘these are often financed through money, which may be said to have been borrowed from our children and grandchildren. We owe it to them that these scarce resources are put to best possible use and are most effectively used for the welfare of the poor, he said, adding that CAG has a very important role in this.’
He mentioned audit engagements provide a unique opportunity of gaining deep understanding of the system and place CAG in a good position of suggesting improvements.
