It is one of the most important financial committees of the Parliament of India. It plays a crucial role in ensuring accountability and transparency in the government’s financial operations. It was established in 1921, under the provisions of the Government of India act, 1919. It consists of 22 members-15 members from Lok Sabha, 7 members from Rajya Sabha. The primary function of the PAC is to examine the audit reports submitted by the Comptroller and Auditor General of India (CAG). CAG acts as the guide, friend and philosopher of the PAC.
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