Does the Public Accounts Committee submit its report?

May 22, 2019 Off By idswater

Does the Public Accounts Committee submit its report?

The Comptroller and Auditor General (CAG) of India is required to send three annual audit reports to the President after approval by the Public Accounts Committee and Committees on Public understandings , who shall submit them to each House of the Indian Parliament. So, the correct answer is option B.

Who does CAG report to?

the President
The reports of the CAG are submitted to the President in case of the Union and to the Governor in case of the State who in turn cause them to be tabled before the House.

How many members are in the Public Accounts Committee?

The Public Accounts Committee consists of not more than twenty-two members, fifteen elected by Lok Sabha, the lower house of the Parliament, and not more than seven members of Rajya Sabha, the upper house of the Parliament.

What do you mean by Public Accounts Committee?

Public Accounts Committee (PAC) refers to a committee in the legislature that must study public audits, invite ministers, permanent secretaries or other ministry officials to the committee for questioning, and issue a report of their findings subsequent to a government budget audit.

What is the difference between money Bill and Finance Bill?

The Finance Bill forms a part of the Union Budget, with details about all the legal amendments required for the changes in taxation proposed by the Finance Minister of the country. Money bills are concerned with financial matters like taxation, public expenditure, etc.

Who is the current CAG of India 2020?

Girish Chandra Murmu
Murmu is the current CAG of India. He assumed office on 8 August 2020. He is the 14th CAG of India….

Comptroller and Auditor General of India
Incumbent Girish Chandra Murmu, IAS since 8 August 2020
Abbreviation CAG
Reports to President of India

Who is the head of Estimate committee?

Estimates Committee

Financial Standing Committee
Country India
Leadership
Chairperson Girish Bapat
Chairperson party Bharatiya Janata Party

How many types of committees are there?

There are five different types of committees—standing committees, subcommittees, select committees, joint committees, and the Committee of the Whole.

Who is called the watchdog of public finance?

The Comptroller and Auditor General (CAG) of India is the guardian of the public purse and controls the entire financial system of the country at both the levels – the Centre and the state. Comptroller and Auditor General of India. …

What are public accounts?

The Public Accounts are financial statements that show the financial results of a government for a fiscal year.

Is there a Public Accounts Committee in India?

In India either House is entitled to have a Public Accounts Committee (P. A. C.) of its own, for the President lays the report on accounts of union government submitted by the Auditor and Comptroller General before each House of the Parliament. However, only the Lok Sabha has constituted a P.A.C.

How does Public Accounts Committee of Lok Sabha work?

It keeps a check on the money spent on any service during a financial year. If the money is in excess of the amount granted by the Lok Sabha for that purpose, it goes on to its report. Note: All the functions performed by the Public Accounts Committee are assisted by Comptroller and Auditor General.

What are the limitations of Public Accounts Committee?

To know more about the list of Commissions and Committees, visit the linked page. Though the committee is empowered to act upon the audit reports of the CAG, and also to keep a tab on the union government’s expenses, there are still a few limitations on it which it should adhere to. The limitations of the Public Accounts Committee are given below:

Who is the Comptroller and Auditor General of India?

Note: All the functions performed by the Public Accounts Committee are assisted by Comptroller and Auditor General. The given points are important for UPSC 2021 and aspirants shall keep in mind the facts about the committee to score in prelims and mains both.