Standing committees in India were institutionalised in 1993, primarily aiming to improve parliamentary efficiency. The standing committee on finance, in particular, holds the government accountable for its fiscal decisions and provides recommendations that ensure sound economic governance
Image for representational purpose only. Photo Courtesy: istock
- The standing finance committee is vital in overseeing critical aspects of fiscal policy
- The committee is instrumental in bridging the gap between policy design and implementation
- The Preamble of our Constitution guarantees every citizen ‘economic democracy’
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