Parliament Public Accounts Committee to meet at 3:00 pm today
New Delhi, August 6
The Parliamentary Public Accounts Committee, chaired by Congress MP K.C. Venugopal, will meet at 3:00 pm at the Extended Parliament House Annexe on Thursday.
The panel will take up detailed briefings and oral evidence from Ministry of Defence officials regarding the functioning of defence accounts and the management of military hospitals based on recent C&AG findings.
The committee will also review draft reports concerning small arms production in ordnance factories and government action taken on previous observations regarding the loss of revenue from casual occupation and service charges.
Concurrently, the Parliamentary Standing Committee on Finance will also convene at Samvidhan Sadan today at 3:00 pm. Chaired by BJP MP Bhartruhari Mahtab, the finance panel is scheduled to consider draft action taken reports and hold discussions with the Chief Economic Adviser and Ministry of Finance officials, focusing on a review of long-term public finances and debt levels for both the Centre and states.
Ahead of the meeting, the Parliamentary Standing Committee on Finance on July 23 recommended a clearer division of regulatory responsibilities between the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), saying the proposed Securities Markets Code, 2025 should clearly define which regulator oversees which activities to avoid overlap and regulatory uncertainty.
Earlier, the Public Accounts Committee (PAC) of Parliament met at 11:00 AM on July 2 at Parliament House Annexe to review the implementation of centrally sponsored welfare schemes.
The agenda included a briefing by the Audit, followed by oral evidence from representatives from the Ministry of Education, Department of School Education and Literacy, and Department of Higher Education on the subject "Review of implementation of centrally sponsored welfare schemes".
The committee examined the implementation of centrally sponsored welfare schemes and their effectiveness across various levels.
— ANI
Reader Comments
The defence sector has been needing this kind of oversight for years. I hope the C&AG findings lead to concrete action, not just another report gathering dust. Our soldiers deserve better facilities and equipment.
The SEBI-RBI regulatory overlap issue is actually the more interesting part here. The Securities Markets Code 2025 needs clarity, otherwise we'll have confusion in the markets. Good that the finance panel is addressing this.
Both committees meeting today shows Parliament is working. But I wish these meetings got more media coverage. The public hardly knows what's being discussed on our behalf. Transparency matters!
As someone who follows Indian policy, this is a solid move. The focus on long-term public finances and debt levels is crucial, especially with state debts rising. Good that both ruling and opposition MPs are participating.
The July 2 meeting on centrally sponsored schemes was important too. These schemes are the lifeline for rural India. Hopefully today's defence focus gets equal attention. Arre, accountability is accountability! 😊
It's encouraging to see democratic oversight functioning. The military hospital management is a sensitive area that affects our veterans too. Hope the C&AG briefings lead to actionable improvements.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.