Article 150 of CoI : Article 150: Form Of Accounts Of The Union And The States

Explanation using Example

Imagine the government of India is planning to implement a new digital accounting system for managing the country's finances. According to Article 150 of the Constitution of India, before this system can be adopted, the President of India must approve the format of the accounts. The President will do so based on the advice of the Comptroller and Auditor-General (CAG) of India, ensuring that the new system adheres to the standards and requirements suitable for maintaining transparent and accurate financial records for both the Union and the states.