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  • DAILY CURRENT AFFAIRS:Ram Nath Kovind inaugurates centennial year celebration of the PAC

Ram Nath Kovind inaugurates centennial year celebration of the PAC

Tags: National News

  • President Ram Nath Kovind on Saturday inaugurated the centennial year celebration of the Public Accounts Committee (PAC) in the Central Hall of Parliament on Saturday. The PAC is one of the most powerful financial committees of Parliament.
  • Vice-President M. Venkaiah Naidu, Lok Sabha Speaker Om Birla, and Chairperson, Public Accounts Committee of Parliament of India, Adhir Ranjan Chowdhury, along with Union Ministers, MPs and presiding officers of the State legislative bodies, were present in the House.

Public Accounts Committee

  • The Committee on Public Accounts is the oldest Parliamentary Committee and was first constituted in 1921.  
  • Members of the Committee
  • The members of the committee are elected by the Parliament every year. 
  • The Committee consists of 22 Members, 15 Members are elected by Lok Sabha and 7 Members of the Rajya Sabha are associated with it.  
  • The Chairman of the Committee is appointed by the Lok Sabha Speaker amongst its Members.

Function of the Committee

  • The Public Accounts Committee examine the report of the Comptroller and Auditor General report to see that :
  • The Government of India has spent the money for the purpose which was mentioned in the union budget.
  • Whether there was any excess expenditure by the government.
  • It also examines the accounts of the Government Corporations and Companies.

Note 

Normally an opposition party member is chosen as the chairman of the PAC.

Currently Congress Party leader  Adhir Ranjan Chaudhary is the chairman.

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