New Delhi, May 5 (UNI) Senior Congress leader KC Venugopal has been appointed as the chairperson of the Public Accounts Committee (PAC), which was constituted with effect from May 1.
According to a statement by the Lok Sabha Secretariat, Venugopal will continue as the chairperson till April, 2026.
The PAC, the oldest and most prestigious parliamentary panel, is reconstituted every year to examine the accounts detailing the appropriation of funds approved by Parliament for government expenditure, and such other accounts laid before Parliament as accounts of autonomous and semi-autonomous bodies.
The committee also examines the reports of the Comptroller and Auditor General of India on various subjects like Civil, Defence, Posts, Railways and Taxation. Besides, it also examines the C&AG reports on performance appraisals of various centrally sponsored schemes and also on subjects selected suo moto.
Since 1967, a convention has been established whereby an eminent leader from Opposition in Lok Sabha is appointed as the chairperson of the PAC.
In the past, the panel was chaired by NG Ranga, MR Masani, Atal Behari Vajpayee, Jyotirmoy Basu, HN Mukherjee, PV Narasimha Rao, R Venkataraman, Murli Manohar Joshi and others.
Since its inception, the PAC has presented 1,804 reports.
