Vinod Rai

Vinod Rai (born 23 May 1948) is an Indian economist who served as the 11th Comptroller and Auditor General of India. He assumed office on 7 January 2008 till 22 May 2013. He is the current chairman of UN Panel of External Auditors and Honorary Advisor to the Railways and a member of the Railway Kaya Kalp Council. He holds a master's degree in Economics from the University of Delhi, and Masters in Public Administration from Harvard University. He is widely considered as symbol of the anti-corruption movementand is credited with having turned the office of CAG into a powerful force for accountability and transparency in contemporary India.

Childhood & Early Life

^·He was born in Ghazipur, Uttar Pradesh. He graduated from Hindu College, University of Delhi. He has a bachelor's and master's degree in Economics from Delhi School of Economics, University of Delhi and MPA from Harvard University, USA in 1988.

^·He chose to study Financial Administration at Harvard Kennedy school in 1987 while he held the position of District Collector and Magistrate in the state of Kerala, India. He is married and has 3 children.

Career

· Rai is a 1972 batch Kerala cadre officer of Indian Administrative Service (IAS).

· He started his career as the sub-collector of Thrissur District. Later, he became the Collector and spent his eight years of career in Thrissur City.

· He was called the second Sakthan Thampuran for his role in the development of the Thrissur City. He was the MD of Kerala State Co-operative Marketing Federation from 1977 to 1980.

· Later he was appointed as Principal Secretary (Finance) in the State Government of Kerala.

· He had served senior positions in the Ministries of Commerce and Defence, Government of India.

· Prior to his appointment as CAG, he served as Secretary, Financial Services and Additional Secretary in the Banking Division including banks and insurance companies under Ministry of Finance.

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Awards

· He figured as one of the Persons of the Year in Forbes magazine January 2011.

· In December 2011, he was chosen as the chief of UN external audit panel.

· In February 2012, CAG was complimented for professionalism, training and infrastructure by its US counterpart.

Major Work

· As a part of his duty, Rai has many a times raised questions on faulty policy making of several state governments and Union government run by Congress led United Progressive Alliance and BJP led Governments in Chhattisgarh and Gujarat.

· He had slammed the Union government in the allocation of spectrum for 2G mobile use to telecom operators, conduct of the 2010 Commonwealth Games, running of its flagship rural employment guarantee scheme and the spending by Reliance Industries in KG D6 oil block

Personal Life & Legacy

· Vinod Rai recommended that all private-public partnerships (PPPs), "Panchayti Raj Institutions" and societies benefiting from government funds should come within the ambit of the CAG.

· The PPP model is a popular medium for the execution of infrastructure projects worth millions of rupees, and these projects are not audited by the CAG. 60 percent of government spending does not currently come under the scrutiny of the CAG.

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