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Duties​ of Financial Committees of Parliament (for UPSC CSE/IAS exam)
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This lesson focuses on the Financial Committees of the Parliament. the lesson begins by providing the features such as the Ministers cannot be members of this committee, they do not examine policies approves by the Government. The different types of Financial Committees such as the Estimate Committee, the Public Account Committee & the Committee on Public Undertaking are explained in grave detail using a tabulated formated.

Bhavin Sangoi
BA Political Science and Psychology, Mumbai University. Teaching Polity, Economics and international relations for 7 years.

U
Unacademy user
Thanku sir plzz make more lectures...
as exams are near and many of us are being help by unacademy, website is not able to take the load.. pls look into the same. M using JIO 4G service with 26.76 Mbps download speed, 7.63 Upload Speed, Network delay 74ms and Pakcet loss of 0..... but the video is mostly in buffering mode.
Thank you! :) Very valuable insights... Thanks a ton.. Please keep posting.
R
Great work, sir? The whole concept makes more sense to me!
  1. Course: Gain an understanding of Parliamentary Processes and Instruments Lesson: Financial Committees of the Parliament Presented by Bhavin Sangoi


  2. About me . B.A in Political Science & Psychology . Appeared in UPSC CSE Mains . Teaching Indian Polity, International Relations, economics & mental Ability since 5 years Experience of teaching for various competitive exams such as NTSE, CET & UPSC . Follow me on: https://Unacademy.in/user/BhavinSangoi


  3. Financial Committees These are constituted to secure accountability of government to the Parliament in financial matters . Ministers can't become members of these committees . They don't examine policy approved by the Parliament . Their examination is of Postmortem effect They don't examine policy approved by the Pariament Their recommendations aren't binding on Government


  4. Estimate Committee Public Account Committee Committee on Publio Undertaking It was established in 1921,under theIt was established in provision of Government of India It was established in 1950, on the recommendation of John Mathai 1964 on the recommendation of Krishna Menon act 1919. .Consists of 30 members of It consists of 15 members of the Lok committee Lok Sabha It makes detailed examination of Budget estimates Report what economy, improvements in organization, efficiency or administrative reform, consistent with the policyand Finance account along with any sector undertaking as underlying the estimates, other accounts laid before Loksabha. well as reports of may be effected Sabha and 7 members of the Rajya Sabha It consists of 15 members of the Lok . Since 1967 member of Opposition isSabha and 7 members appointed as chairman of the committee . of the Rajya Sabha . .It examines reports ! 1t examines appropriation account and accounts of Public It is assisted by C&AG C&AG on PSU


  5. Estimate Committee Public Account Committee Committee on Public Undertaking . It examines whether the moneyIt examines the working of PSU and reports on aspects such as autonomy, efficiency productivity, generation of . Suggest alternative has been spent as authorized by policies in order to bringthe Parliament and for the about efficiency and economy in administration purpose for which it is granted If excess money has been spent, then it examines the circumstances which lead to excess employment etc and gives its recommendation Examine whether the money is well laid out within the limits of the policy implied in the estimates . Apart from these technical irregularities, it also brings out Suggest the forms in which evidence of waste, corruption, the estimates shall be presented to the Parliament inefficiency or operational deficiency in the financial affairs