Public Accounts Committee flags failure to transfer ₹9,222 crore in cess collections to designated reserve funds
The Public Accounts Committee (PAC) flagged the government's failure to transfer ₹9,222 crore of cess collections to their designated reserve funds. Members questioned the Finance Ministry's explanation, with PAC chairman K.C. Venugopal stressing that cess proceeds must be used for their intended purpose and not to finance the fiscal deficit.
Nabka Insight
PAC scrutiny of cess handling links directly to Budget, audit and fiscal-federalism topics.
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- Amount flagged: ₹9,222 crore in cess not transferred to designated reserve funds
- PAC chairman: K.C. Venugopal
- Concern: cess proceeds used against fiscal deficit rather than their purpose
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