| Aspect | Detail |
|---|---|
| Establishment Year | 1993 |
| Purpose | To strengthen parliamentary oversight on financial matters and policy, and enhance Executive accountability. |
| Coverage | All Ministries/Departments of the Union Government. |
| Budget Role | Examine Demands for Grants post-general budget discussions during parliamentary recess. |
| Influence on Budget | Their reports influence the Lok Sabha's considerations but cannot recommend cuts in the demands for grants. |
| Number of Committees | 24 |
| Members per Committee | 31 (21 from Lok Sabha, 10 from Rajya Sabha) |
| Nomination Authority | Lok Sabha members by the Speaker, Rajya Sabha members by the Chairman. |
| Membership Term | Not to exceed one year. |
| Separate Committees | Yes, for the Ministry of Labour and Welfare, and two for the Ministry of Commerce and Industry. |
| Ministerial Membership | Barred. A member who becomes a Minister ceases to be a committee member from the date of appointment. |
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