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

1. CENTRE-STATE relation partly. 2. hold CENTRE ACCOUNTABLE & devolution of fund ex: CESS & Surcharge. 3. strengthen role of CONCURRENT LAWS ex: electricity LAW, Forest LAW. 4. Create COMPETITION between STATES for reforms ex: tied grants. Permanent Institutional STEPS needed for ISC role. INSTITUTIONALISATION: dena II ARC envisioned ISC as forum with QUORUM for long term development of bonhomie.

PAC often is one of the oldest Financial Parliamentary Committee that has recently celebrates 100 years (established in 1919) MONTFORD reports 1919. Role of PAC: → Scrutinize PUBLIC ACCOUNT of GOVERNMENT expenditure. → REPORT & CAG act as "PHILOSOPHER" to Bring to NOTICE of Parliament on any wrongful expenditure or procedural flaw. → Check on PROPRIETY of FINANCES. → Ensure PARLIAMENTARY accountability of EXECUTIVE.

— K.N. Chandana Jahnavi · AIR 50