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Which one of the following agencies does not have statutory oversight over public expenditure? 
  • a)
    The Parliament
  • b)
    The Planning Commission 
  • c)
    The Comptroller and Auditor-General 
  • d)
    The Finance Ministry
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which one of the following agencies does not have statutory oversight ...
Oversight of the government’s finances involves the scrutiny of the government’s financial proposals and policies.
The Indian Constitution vests this power with the Parliament by providing that (a) taxes cannot be imposed or collected without the authority of law, and (b) expenditure cannot be incurred without the authorisation of the Legislature.
  1. The Constitution therefore ensures that “the Indian government is accountable to the Parliament in its
     
    financial management”.
  2. The Indian Parliament exercises financial oversight over the government budget in two
    stages: (1) at the time of presentation of the annual budget, and (2) reviewing the government’s budget implementation
     
    efforts through the year.
 
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Which one of the following agencies does not have statutory oversight over public expenditure?a)The Parliamentb)The Planning Commissionc)The Comptroller and Auditor-Generald)The Finance MinistryCorrect answer is option 'B'. Can you explain this answer?
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