Q Why is it in News ?
A The Public Accounts Committee (PAC), in its report found that the tasks related to the implementation of the PFMS appeared to have been dealt with a casual approach and there was no proper financial planning.
Q What is Public Finance Management System (PFMS) ?
A
Q What is mandate of PFMS ?
A PFMS has been mandated the following:
Q What are the achievements of PFMS ?
A
Q What are the factors that could determine the successful evolution of PFMS in future ?
A
Q What did PAC observe now?
A
Q What can be the Conclusion ?
A
Q What are role and functions Public Accounts Committee ?
A
Its members-