Discuss the key function of the Public Accounts Committee (PAC). What steps should be taken to restore the Public Accounts Committee (PAC) in order to enhance its effectiveness as a true guardian of public funds?

Public Accounts Committee PAC is considered the most important parliamentary committee, an account of its duty to keep oversight over fiscal expenditure by the executive. It has evolved through the years and key issues are: 1921, 1943, etc, HH 1963, 1965 and 1970 and 2008 Functions of PAC: 1. Parliamentary oversight of money granted by the executive to the legislature - EK "Legislture scrutiny of budgetary functions" 2. Examination of CAG's reports - EK 2 G spectrum case to PAC 3. Framing accounts of all depts EK whether expenditures are under the right head 4. Looking into issues of over-utilisation / under-utilisation of money granted in Demand for Grants.

5. Diverse assure / issue, if any EK common wealth genes seem thereby housing society item 6. Made recommendations for effect passe Reforms needed: 1. Immediately - volte by PAC till head back latch - it is a new dynamic environment often when it - regularly changing (noted earlier over three) [Red blind] have oversight when is 2. Longer leisure - [currently [party]] - to allow outward to elevate cognitive 2. Permanent [discern and Restitute support] 4. greater jurisdiction EK over [Infrastructure project] - as currently [To 6 Lakh crore] of Money - lies in [Indo projects due to delays] Illustration of PAC: Way forward: 1. [Field [annual]] - 360 degree oversight of budget re-examination by [multiple departments / MPs etc] 2. [Problematic budget office] - no in USA, etc.