Standing Committee On Finance
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Standing Committee On Finance
The Parliamentary Standing Committee on Finance (SCOF) is a department related standing committee (DRSC) constituted by the Parliament of India comprising selected members of parliament for the purpose of legislative oversight on the policies and decision making of the following four ministries: # Ministry of Finance (MoF) # Ministry of Corporate Affairs # Ministry of Statistics and Programme Implementation # NITI Aayog (succeeding the Planning Commission) The committee consists of thirty-one members, twenty-one elected by Lok Sabha, the lower house of the Parliament, and not more than ten members of Rajya Sabha, the upper house of the Parliament. The members are nominated every year from amongst the members of Lok Sabha by the Lok Sabha Speaker and from amongst the members of Rajya Sabha by the Rajya Sabha Chairman. Efforts are made as far as possible to allocate seats in proportion to party strength in respective houses. The chairperson is appointed by the Lok Sabha speaker. T ...
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16th Lok Sabha
Members of the 16th Lok Sabha were elected during the 2014 Indian general election. The elections were conducted in 9 phases from 7 April 2014 to 12 May 2014 by the Election Commission of India. The results of the election were declared on 16 May 2014. The Bharatiya Janata Party (of the NDA) achieved an absolute majority with 282 seats out of 543, 166 seats more than in the previous 15th Lok Sabha. Its PM candidate Narendra Modi took office on 26 May 2014 as the 14th prime minister of India. The first session was convened from 4 to 11 June 2014. There was no leader of the opposition in the 16th Lok Sabha as the Indian Parliament rules state that a party in the Lok Sabha must have at least 10% (55) of the total seats (545) to be considered the opposition party. The Indian National Congress (of the UPA) could only manage 44 seats, while the All India Anna Dravida Munnetra Kazhagam party from Tamil Nadu came a close third with 37 seats. Mallikarjun Kharge was declared the lead ...
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NITI Aayog
The NITI Aayog (; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach. Its initiatives include "15-year road map", "7-year vision, strategy, and action plan", AMRUT, Digital India, Atal Innovation Mission, Medical Education Reform, agriculture reforms (Model Land Leasing Law, Reforms of the Agricultural Produce Marketing Committee Act, Agricultural Marketing and Farmer Friendly Reforms Index for ranking states), Indices Measuring States’ Performance in Health, Education and Water Management, Sub-Group of Chief Ministers on Rationalization of Centrally Sponsored Schemes, Sub-Group of Chief Ministers on Swachh Bharat Abhiyan, Sub-Group of Chief Ministers on Skill Development, Ta ...
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Tenth Finance Commission
The Tenth Finance Commission of India was incorporated in the year 1992 consisting of Shri Krishna Chandra Pant as the chairman. Members The members of the commission were: * Shri Krishna Chandra Pant, Chairman * Dr. Debi Prasad Pal, Member of Parliament * Shri B.P.R. Vithal * Dr. C. Rangarajan, resigned on 21 December 1992 * Shri M.C. Gupta, Member Secretary, relinquished charge on 31 January 1994 * Shri Manu R. Shroff, In place of Dr. C. Rangarajan on 14 October 1993 * Shri Arun Sinha, Member Secretary (in place of M.C. Gupta) on 1 March 1994 Recommendations The commission recommended that: * The share of the Union Territories would not be determined on the grounds used for state share but it would be decided on the basis of population solely. The percentage would be 0.927% for the years 1995–2000. * Out of the total income obtained from certain central taxes and duties, 29% should go to the states. This is known as the 'Alternative Scheme of Devolution' and came into e ...
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Debi Prasad Pal
Debi Prasad Pal (1 November 1927 – 14 May 2021) was a Senior Advocate practicing in the Supreme Court of India and High Courts of India. He was a former Minister of State for Finance, a former Judge of Calcutta High Court and a three-time former Member of Parliament (MP) in Lok Sabha. Early life and education Debi Prasad Pal was born in 1927 in Kolkata. His father was noted scholar and educationist Aswini Kumar Pal and mother was Sarala Bala Pal. He did his bachelor's studies in Presidency College and got his M.A. degree from Calcutta University. He was awarded the prestigious Doctor of Letters (D.Litt.) degree soon after that for his outstanding contribution to English literature. He got his Doctor of Laws (LL.D.) degree in 1961 for his seminal work. He stood first throughout his academic career. He is the son-in-law of Justice Radhabinod Pal, who was an International Judge. Legal career Dr. Pal started practicing in the Calcutta High Court in 1959. He was thereafter appoin ...
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14th Lok Sabha
The 14th Lok Sabha (17 May 2004 – 18 May 2009) was convened after the 2004 Indian general election held in four phases during 20 April – 10 May 2004, which led to the formation of first Manmohan Singh ministry (2004–2009). Indian National Congress-led United Progressive Alliance won 62 more seats than previous 13th Lok Sabha. The Lok Sabha (House of the People) is the lower house in the Parliament of India. 8 sitting members from Rajya Sabha, the Upper House of Indian Parliament, were elected to 14th Lok Sabha after the 2004 Indian general election. The next 15th Lok Sabha was convened after 2009 Indian general election. Bills During the tenure of the 14th Lok Sabha, 60% of bills were referred to Parliamentary committees for examination. Members * Speaker: Somnath Chatterjee, Communist Party of India (Marxist), Bolpur, West Bengal * Deputy Speaker: Charanjit Singh Atwal, Shiromani Akali Dal, Phillaur, Punjab * Leader of the House: Pranab Mukherjee, Indian National ...
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Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ...
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10th Lok Sabha
List of Members of the 10th Lok Sabha, (20 June 1991 – 10 May 1996) elected during 1991 Indian general election held during May–June 1991. The Lok Sabha (House of the People) is the lower house in the Parliament of India, four sitting members from Rajya Sabha, the Upper House of Indian Parliament, were elected to 10th Lok Sabha after the Indian general election, 1991. P V Narasimha Rao of Indian National Congress became the Prime Minister of India from 21 June 1991 till 16 May 1996, after INC won 244 seats, 47 more than previous 9th Lok Sabha. The next 11th Lok Sabha was constituted on 15 May 1996, after 1996 Indian general election. Important members * Speaker: **Shivraj Patil from 10 July 1991 to 22 May 1996 * Deputy Speaker: ** S. Mallikarjunaiah from 13 August 1991 to 10 May 1996 *Secretary General: ** K C Rastogi from 20 June 1991 to 31 December 1991 ** C K Jain from 1 January 1992 to 31 May 1994 ** R.C. Bhardwaj from 31 May 1994 to 31 December 1995 ** S.N. Mishra f ...
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15th Lok Sabha
Members of the 15th Lok Sabha were elected during the 2009 general election in India. It was dissolved on 18 May 2014 by President Pranab Mukherjee. Indian National Congress-led United Progressive Alliance won 44 more seats than the previous 14th Lok Sabha. The next 16th Lok Sabha was convened after 2014 Indian general election. The Second Manmohan Singh ministry introduced a total of 222 Bills (apart from Finance and Appropriations Bills) in the 15th Lok Sabha. A total of 165 Bills were passed by the House, including bills introduced in previous Lok Sabhas. 14 sitting members from Rajya Sabha, the Upper House of Indian Parliament, were elected to 15th Lok Sabha after the 2009 Indian general election. Bills During the tenure of the 15th Lok Sabha, 71% of bills were referred to Parliamentary committees for examination Members * Speaker: Meira Kumar, INC, Sasaram, Bihar * Deputy Speaker: Kariya Munda, BJP, Khunti, Jharkhand * Leader of the House: Pranab Mukherjee, ...
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Yashwant Sinha
Yashwant Sinha (, born 6 November 1937) is an Indian administrator and politician. He served as the Minister of Finance from 1990 until 1991 under Prime Minister Chandra Shekhar and again from March 1998 to July 2002 under Prime Minister Atal Bihari Vajpayee. He also served as the Minister of External Affairs from July 2002 until May 2004. He was a senior leader of the BJP before he left the party on 21 April 2018. In March 2021, he joined the AITC; however he left in June 2022 as he was selected by the Combined Opposition Parties as their Presidential Candidate for the 2022 Presidential election. But lost the election against Droupadi Murmu of NDA. Early life Sinha was born in a Kayastha family in Patna, Bihar. He graduated from University of Patna in BA Hons(History).He received his master's degree in political science in 1958. Subsequently, he taught the subject at the University of Patna until 1962. Civil Service career Sinha joined the Indian Administrative Service ...
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Veerappa Moily
Marpadi Veerappa Moily (born 12 January 1940) is an Indian politician belonging to the Indian National Congress from the state of Karnataka. Moily was the former Chief Minister (and the first ethnic Tuluva CM) of the Indian state of Karnataka (19 Nov 1992 – 11 Dec 1994). He was elected to Karnataka state legislative assembly from Karkala constituency of Udupi district. From 2009 to 2019, he represented the Chikballapur constituency in Lok Sabha. But he lost in 2019 to a BJP candidate when BJP won 25 seats out of 28 Lok Sabha seats in Karnataka. He was the former Minister of Petroleum and Natural Gas Minister of Corporate Affairs and Minister of Power in the Indian government. He is also currently serving as the All India Congress Committee General Secretary in charge of Andhra Pradesh. He is regarded as one of the senior members of the Congress Party, and a close adviser for the Congress Leader Sonia Gandhi. Early life and education Veerappa Moily was born in a Tulu-spea ...
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Upper House
An upper house is one of two Debate chamber, chambers of a bicameralism, bicameral legislature, the other chamber being the lower house.''Bicameralism'' (1997) by George Tsebelis The house formally designated as the upper house is usually smaller and often has more restricted power than the lower house. A legislature composed of only one house (and which therefore has neither an upper house nor a lower house) is described as Unicameralism, unicameral. Definite specific characteristics An upper house is usually different from the lower house in at least one of the following respects (though they vary among jurisdictions): Powers: *In a parliamentary system, it often has much less power than the lower house. Therefore, in certain countries the upper house **votes on only limited legislative matters, such as constitutional amendments, **cannot initiate most kinds of legislation, especially those pertaining to supply/money, fiscal policy **cannot vote a motion of no confidence again ...
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Lower House
A lower house is one of two Debate chamber, chambers of a Bicameralism, bicameral legislature, the other chamber being the upper house. Despite its official position "below" the upper house, in many legislatures worldwide, the lower house has come to wield more power or otherwise exert significant political influence. The lower house, typically, is the larger of the two chambers, meaning its members are more numerous. Common attributes In comparison with the upper house, lower houses frequently display certain characteristics (though they vary per jurisdiction). ;Powers: * In a parliamentary system, the lower house: **In the modern era, has much more power, usually based on restrictions against the upper house. **Is able to override the upper house in some ways. **Can vote a motion of no confidence against the government, as well as vote for or against any proposed candidate for head of government at the beginning of the parliamentary term. **Exceptions are Australia, where ...
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