The Hindu Editorial (Public accounts) – Sep 12, 2024

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The Hindu Editorial (Public accounts) – Sep 12, 2024:

Public Accounts Committee (PAC) (noun) – a committee of selected members of parliament, constituted by the Parliament of India, for the purpose of auditing the revenue and the expenditure of the Government of India.
committee (noun) – panel, council, advisory group.
constitute (verb) – create, form, appoint, establish, set up, initiate.
assert (verb) – stand up for, uphold, defend; contend, maintain, affirm, insist.
instrument (noun) – apparatus, agency, medium, means, mechanism, channel, vehicle.
oversight (noun) – supervision, surveillance, inspection, management, handling.
decade (noun) – a period of ten years.
evade (verb) – avoid, sidestep, get past, bypass, dodge, circumvent, steer clear of, get round.
meaningful (adjective) – significant, important, worthwhile, purposeful, serious, valid, telling.
accountability (noun) – responsibility, liability, answerability.
head (verb) – lead, be the leader of
coalition (noun) – alliance, association, union, partnership.
ally (noun) – partner.
the executive (noun) – the executive is a branch of government which enforces the law as written by the legislature and interpreted by the judiciary.
functioning (noun) – performance, behavior, activity.
case in point (phrase) – example, instance, sample.
deliberation (noun) – careful discussion, discourse, debate, consideration, consultation.
term (noun) – tenure, period of/in office; period, time, stint, spell.
Comptroller and Auditor General (CAG) of India (noun) – it is empowered to audit all expenses from the combined fund of the union or state governments, whether incurred within India or outside.
suo motu (phrase) – Latin term means “on its own motion”. It is used where a government agency acts on its own knowledge.
implementation (noun) – imposition, enforcement, execution.
welfare (noun) – (noun) – a government program that provides (financial) assistance to individuals and families in need; social security, government/state benefit, public assistance.
measure (noun) – action, step, move, procedure.
under way (phrase) – in progress, happening, occurring, taking place.
transition (noun) – change, shift, transformation, adaptation.
egulatory (adjective) – relating to the control/supervision of an activity by a set of rules, laws, etc.
regulatory agency (noun) – an independent governmental body established by legislative act in order to set standards in a specific field of activity, or operations, in the private sector of the economy and then to enforce those standards.
establish (verb) – create, form, appoint, constitute, set up, initiate.
Act (noun) – Act of Parliament, law, statute, fiat, dictum, ordinance, legislation, stipulation.
levy (noun) – imposition, charging, collection (of a tax, fee, fine).
regulation (noun) – supervision, overseeing, monitoring, inspection; control, direction, guidance.
public (adjective) – government
infrastructure (noun) – the basic physical or organisational structure or framework that a country or organization needs in order to function properly. For a whole nation, it includes all the physical systems such as buildings, roads & railways networks, utilities, etc.
utility (noun) – service, benefit, assistance.
make use of (phrase) – use, utilize, employ, apply, exercise.
go beyond (phrasal verb) – to be more than; exceed, surpass, transcend.
wisdom (noun) – understanding, insight, perception, discernment, foresight, rationale, rationality.
faithfulness (noun) – loyalty, devotion, dedication, commitment, allegiance, fidelity, fairness, adherence, truthfulness, reliability.
undertone (noun) – implication, hidden meaning, suggestion, atmosphere, connotation, undercurrent.
overarching (adjective) – comprehensive, all-inclusive, across-the-board, all-embracing, all-encompassing, sweeping, extensive, broad.
interest (noun) – common concerns (in politics/business).
unmistakable (adjective) – indisputable, unquestionable, undeniable, incontrovertible, undebatable, inarguable, irrefutable.
envisage (verb) – visualize, imagine, envision.
legislation (noun) – body of laws, rules, regulations, statutes.
sanction (noun) – approval, ratification, endorsement, authorization, permission, consent, approbation, acceptance, clearance.
appropriation bill (noun) – supply bill, spending bill; a proposed law that authorizes the expenditure of government funds.
appropriation (noun) – devotion, allocation, allotment (of money or assets to a special purpose).
audit (verb) – inspect, examine, go through, scrutinize, vet, investigate.
led to past & past participle of lead to (verb) – result in, cause, bring on, bring about, give rise to.
allegation (noun) – accusation, charge, indictment.
crony (noun) – a close friend or companion.
cronyism (noun) – favouritism, nepotism, patronage. Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials.
Securities and Exchange Board of India (SEBI) (noun) – It was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. It is the regulator of the securities and commodity market in India owned by the Government of India.
Public Sector Banks (PSBs) (noun) – Public Sector Banks (PSBs) are those where the government, either at the state or central level, owns more than half of the stocks.
assertive (adjective) – dominant, domineering, commanding, authoritative, forceful.
posturing (noun) – position, approach, behavior, attitude, disposition, pose.
undermine (verb) – weaken, subvert, sabotage, damage.
Departmentally Related Standing Committees (DRSCs) (noun) – DRSCs were constituted in 1993 to assist Parliament in scrutinising funds allocated to Ministries. They also examine Bills referred to them by Parliament and analyse other relevant policy issues. (DRSCs meet to examine the expenditure of all Ministries, Bills referred to them, and policies or issues selected by them.
authority (noun) – power, jurisdiction, sovereignty, supremacy, influence, sway, leverage, clout.
enforcer (noun) – disciplinarian, task master, authoritarian.