The Hindu Editorial Vocabulary 12th September 2024

The Hindu Editorial Vocabulary 11th September 2024 is an effective tool for learning new words and their contextual meanings regularly. Candidates can fully utilize this free resource daily to improve their vocabulary knowledge, especially those preparing for government exams like the IBPS PO, SBI Clerk, SSC, and Others.

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Public accounts: On the newly constituted Public Accounts Committee

-The PAC must assert its role as an instrument of parliamentary oversight.

Over the last decade, the Central government, with a comfortable majority in Parliament, has evaded meaningful parliamentary accountability. Now, however, the BJP heads a coalition that is dependent on allies, and the Opposition is stronger. The changed situation is an opportunity for the renewal of parliamentary oversight (the act of watching and directing what someone does or how something is done) over the executive’s functioning. The proactive beginning of the newly constituted Public Accounts Committee (PAC) is a case in point. On September 2, it notified 161 subjects it had picked for deliberations (considering or discussing something) during its term, most of them based on CAG reports. The panel has picked five subjects suo motu (Latin term meaning ‘on its own initiative’) — reforms in the banking and insurance sectors; review of the implementation of centrally sponsored welfare schemes; policy measures underway for transition in the energy sector; performance review of regulatory (controlling activity, especially by making rules) bodies established by Acts of Parliament, and the levy and regulation of fees, tariffs, user charges, on public infrastructure and other public utilities. The PAC, headed by Congress Member of Parliament K.C. Venugopal, has made use of the rule which clearly states that its functions can go “beyond the formality of expenditure to its wisdom, faithfulness, and economy (the careful use of money, resources, and means).” This rule has been used only rarely and to make a political point. Though the subjects picked by the PAC have political undertones, the overarching public interest involved is unmistakable (clear and obvious).

The constitutional scheme envisages (to imagine or expect something in the future, especially something good) that Parliament controls the finances of the country. Any tax may be imposed only by passing legislation. All expenditure of the government needs prior sanction (official permission or approval) from Parliament through Appropriation Bills. The CAG is a constitutional office that examines and audits the financial functioning of all government departments. All its reports are sent to the PAC, one of the oldest and most significant (important or noticeable) parliamentary panels. Government measures that pick the winners of the economy have led to serious allegations of crony capitalism (an economic system in which family members and friends of government officials are given unfair advantages in the business world) in recent years. The government has refused to investigate the serious charges against SEBI Chairperson Madhabi P. Buch and the Adani Group, which controls seven Indian airports. Public sector banks and regulatory bodies have a lot to answer for. The BJP has already opposed any PAC investigation into these questions. The 22-member PAC has 13 members from the BJP-led NDA and nine Opposition MPs, including four from the Congress. The committee’s assertive posturing (behavior in which someone pretends to have a particular opinion or attitude) could be undermined by the ruling coalition’s majority. The PAC, and the Department Related Standing Committees, many of which are yet to be constituted, should assert their role as instruments of parliamentary authority and the enforcer of the executive’s accountability (the fact of being responsible for what you do and able to give a satisfactory reason for it) to the people.

Hindu Vocab Wordlist 12th September 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 12th September 2024.

• Oversight: The act of watching and directing what someone does or how something is done.
• Deliberations: Considering or discussing something.
• Suo motu: Latin term meaning ‘on its own initiative.’
• Regulatory: Controlling activity, especially by making rules.
• Economy: The careful use of money, resources, and means.
• Unmistakable: Clear and obvious.
• Envisages: To imagine or expect something in the future, especially something good.
• Sanction: Official permission or approval.
• Significant: Important or noticeable.
• Crony capitalism: An economic system in which family members and friends of government officials are given unfair advantages in the business world.
• Posturing: Behavior in which someone pretends to have a particular opinion or attitude.
• Accountability: The fact of being responsible for what you do and able to give a satisfactory reason for it.

Hindu Vocab Master 12th September with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master for 12th September 2024.

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