Public Accounts Committee
》It is one of the Indian Parliamentary committees.
》First set up in 1921 in the wake of Montague-Chelmsford Reforms.
》Finance Minister used to be the chairman of the committee until 1947.
》From 26 January, 1950, The Finance Minister ceased to be a Member of the Committee and Speaker selected a member of Lok Sabha to be the chairman of the committee.
Constitution of the Committee
》The committee will be constituted every year
》Up to 1954 the committee consisted of 15 members elected from Lok Sabha only.
》From 1954-55 It consists of total 22 members 15 elected from Lok Sabha and 7 members elected from Rajya Sabha.
》In 1967, however, for the first time, a member from the Opposition in Lok Sabha, was appointed as the Chairman of the Committee by the Speaker. This practice continues till date.
Functions of the committee
》Examination of accounts showing the appropriation of sums granted by Parliament for the expenditure of the Government of India, the annual finance accounts of the Government and such other accounts laid before the House as the Committee may think fit.
》It scrutinizes the audit report of CAG.
Limitations of the Committee
》It examines accounts showing expenditure already incurred (postmortem examination)
》Its recommendations are not binding
》It don't have powers of dis-allowance of expenditures
》Not an executive body hence cannot issue an order
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