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griha laxmi magazine It is constituted by Parliament each year for examination of accounts showing the appropriation of sums granted by Parliament for expenditure of Government of India, the annual Finance Accounts of Government of India, and such other accounts laid before Parliament as the Committee may deem fit such as accounts of autonomous and semi-autonomous bodies. o Accounts of those of Public Undertakings and Government Companies which come under the purview of the Committee on Public Undertakings are exempted. griha laxmi magazine subscription online Major Functions of PAC Scrutiny and Examinations of Accounts: It scrutinizes the Appropriation Accounts of the Government of India and the reports of the Comptroller and Auditor General (CAG) of India. CAG and PAC Article 148 provides for an independent office of CAG. He is the head of the Indian Audit and Accounts Department. CAG submits three audit reports to the President: o Audit report on appropriation accounts, o Audit report on finance accounts, and o Audit report on public undertakings. The President lays these reports before both the Houses of Parliament. After this, the Public Accounts Committee examines them and reports its findings to the Parliament. 9o It examines the statement of accounts showing the income and expenditure of State Corporations, trading and manufacturing schemes, projects and autonomous and semi-autonomous bodies hindi magazine online purchase.