**Executive Summary**
A colloquium was jointly organized by the Comptroller and Auditor General of India (CAG) and the Indian Council of Social Science Research (ICSSR), Mumbai Chapter, on January 23, 2026, in Mumbai. The colloquium focused on the State Finances of Maharashtra and the Status of Governance in Urban Local Bodies of Maharashtra. Discussions covered fiscal management, governance challenges, and accountability mechanisms at the State and urban local body levels.
**Key Points / Main Content**
* **Colloquium Details:**
* Jointly organized by CAG and ICSSR, Mumbai Chapter.
* Held on January 23, 2026, at the CAG's Regional Capacity Building and Knowledge Institute (RCB&KI), Mumbai.
* Themes: "State of the Finances of Maharashtra” and “Status of Governance in Urban Local Bodies of Maharashtra.”
* Focus: Fiscal management, governance challenges, and accountability mechanisms.
* **Participants:**
* Eminent speakers including D. Jaisankar, Sourabh Vhatkar, S. Chandrasekhar, and Ashima Goyal.
* Academicians, students, and research scholars.
* Honored by the presence of Prof. Dhananjay Singh and Ms. Geetali Tare.
* **CAG-ICSSR Collaboration:**
* Part of the ongoing CAG-ICSSR Colloquium Series.
* Aims to strengthen engagement between the Supreme Audit Institution and the academic community.
* Earlier Colloquia were held on November 11, 2025, and December 15, 2025.
* Seeks to enhance public understanding of audit findings and promote informed academic discourse.
* The CAG Research Article Competition has been instituted to encourage scholarly research.
**Impact Analysis**
**Academicians, Students, and Research Scholars**
* **Impact**
* Engaged in a rich exchange of perspectives with auditors.
* Benefitted from informed academic discourse on public finance and governance.
* **Action Required**
* Participate in the CAG Research Article Competition.
**Auditors (CAG)**
* **Impact**
* Enhanced engagement with the academic community.
* Contribution to improved public understanding of audit findings.
* **Action Required**
* Continue supporting the CAG-ICSSR Colloquium Series.
**ICSSR**
* **Impact**
* Enhanced collaboration with the CAG.
* Promotion of scholarly research and analysis in relevant areas.
* **Action Required**
* Continue supporting the CAG-ICSSR Colloquium Series.
Key Entities Referenced
Comptroller and Auditor General of India (CAG): A key stakeholder responsible for auditing government finances and accounts in India; co-organized the colloquium.
Indian Council of Social Science Research (ICSSR): A key stakeholder involved in promoting social science research in India; co-organized the colloquium.
Maharashtra: The state which is the focus of the colloquium's discussions on state finances and urban governance.
CAG Research Article Competition: An initiative to encourage scholarly research and analysis in the areas of audit, public finance, governance, and accountability.
Ministry of Finance
CAG and ICSSR Organise Colloquium on State
Finances and Urban Governance in Maharashtra
प्रव तथ: 23 JAN 2026 8:00PM by PIB Mumbai
:Mumbai, 23 January 2026
A Colloquium jointly organised by the Comptroller and Auditor General of India
(CAG) and the Indian Council of Social Science Research (ICSSR), Mumbai Chapter,
held on 23 January 2026 at the auditorium of the CAG’s Regional Capacity Building
and Knowledge Institute (RCB&KI), Mumbai.
The Colloquium deliberated on two important themes, namely “State of the Finances
of Maharashtra” and “Status of Governance in Urban Local Bodies of Maharashtra”.
The discussions focused on fiscal management, governance challenges, and
accountability mechanisms at the State and urban local body levels.
Eminent speakers at the Colloquium included Shri D. Jaisankar, IAAS, Principal
Accountant General (Audit)-I, Maharashtra; Shri Sourabh Vhatkar, IAAS, Deputy
Accountant General, Office of the Principal Accountant General (Audit)-I,Maharashtra; Prof. S. Chandrasekhar, Professor, Indira Gandhi Institute of
Development Research (IGIDR), Mumbai; and Prof. Ashima Goyal, Emeritus
Professor, IGIDR, Mumbai.
The event was attended by eminent academicians, students, and research scholars,
facilitating a rich exchange of perspectives between auditors and the academic
community. The Colloquium was honoured by the presence of Prof. Dhananjay
Singh, Member Secretary, ICSSR, and Ms. Geetali Tare, Additional Deputy
Comptroller and Auditor General (Western Region).
The Mumbai Chapter Colloquium forms part of the ongoing CAG–ICSSR Colloquium
Series, which aims to strengthen engagement between the Supreme Audit
Institution and the academic community. Earlier Colloquia under the series were
held on 11 November 2025 and 15 December 2025 at the CAG Headquarters, New
Delhi, focusing on themes such as State Finances, Audit of the Health Sector, and
Public Finances of States.
The CAG–ICSSR collaboration seeks to enhance public understanding of audit
findings, fiscal governance, and accountability, and to promote informed academic
discourse on issues of public finance and governance. As part of this collaboration,
the CAG Research Article Competition has also been instituted to encourage
scholarly research and analysis in the areas of audit, public finance, governance,
and accountability.
***
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