After PAC nod, govt proposes to hike ministries’ reporting limits for financial expenditure
Syllabus: GS-III Subject: Economy Topic: Fiscal policy and Budgeting Issue: New Instrument of Service Context: government received approval from Parliament’s Public Accounts Committee (PAC) to revise the financial limits for ‘New Service’ and ‘New Instruments of Service. ‘New Service’ is the expenditure arising from new policy decisions not previously brought to Parliament’s notice. ‘New Instrument […]