Reappointment of K.C. Venugopal as Chairman of the Public Accounts Committee

K.C. Venugopal has been reappointed as the Chairman of the Public Accounts Committee (PAC) for the 2026–27 term, underscoring its pivotal role in financial oversight. This is crucial for UPSC aspirants, particularly for General Studies Paper 2 and 3, as it pertains to governance and financial accountability. Last Updated: 01-05-2026

Key Facts About the Public Accounts Committee (PAC)

• The PAC was established in 1921 following the Montague-Chelmsford Reforms.
• It became a full-fledged parliamentary committee after the Constitution came into force in 1950.
• Since 1967, the Chairman is conventionally appointed from the Opposition party.
• The PAC consists of 22 members: 15 from the Lok Sabha and 7 from the Rajya Sabha.
• Members are elected annually through proportional representation by the single transferable vote.
• The PAC examines Appropriation Accounts, Finance Accounts, and CAG reports.
• It ensures public funds are used legally, efficiently, and for approved purposes.
• The PAC is linked with the CAG, whose reports form the basis of its work.

India's Financial Oversight Mechanism

The Public Accounts Committee is integral to India's financial oversight, ensuring transparency and accountability in government expenditure. It aligns with India's strategic goals of promoting good governance and financial discipline. The PAC's role in scrutinizing government spending is critical in a rapidly growing economy like India, where efficient management of public funds is paramount.

UPSC Relevance

The reappointment of K.C. Venugopal as Chairman of the PAC is relevant for UPSC General Studies Paper 2 (Governance, Constitution, Polity, Social Justice, and International relations) and Paper 3 (Technology, Economic Development, Bio-diversity, Environment, Security and Disaster Management). In Prelims, questions could focus on the composition and functions of the PAC. For Mains, themes could include the role of parliamentary committees in ensuring accountability and transparency in governance.

FAQ Section

• What is the Public Accounts Committee (PAC)?
  The PAC is a parliamentary committee in India responsible for examining the government's expenditure and ensuring financial accountability.
• Why is the PAC important?
  The PAC plays a crucial role in maintaining financial discipline by scrutinizing government expenditure and ensuring that public funds are used efficiently and for approved purposes.
• What are the key features of the PAC?
  The PAC consists of 22 members, examines CAG reports, and ensures legal and efficient use of public funds. It is chaired by a member from the Opposition party, enhancing its role in accountability.