Economics Miscellaneous (Part – IV)

The correctly matched lists are as follows:

Banaras Hindu University is an Internationally reputed University situated in the Holy city of Varanasi. This creative and innovative university was founded by the great nationalist leader, Pandit Madan Mohan Malviya, in 1916 with cooperation of great personalities like Dr. Annie Besant, who viewed it as the University of India.

Chandrashekhar was the Prime Minister of India when India had to pledge gold in foreign banks.

Jayant Patil Committee was established for the development of scanty rainfall area. The Chairman of this committee was Dr. Jayant Patil, a member of then Planning Commission. It was empowered for laying down a future plan for 25 years.

Central Vigilance Commission had released "Citizens' guide to fight corruption" in year 2002. The Central Vigilance Commission (CVC) was set up by the Government of India in February, 1964 on the recommendations of the Committee on prevention of corruption, headed by K. Santhanam, to advise and guide Central Government agencies in the field of vigilance. The CVC Bill was passed by both the Houses of Parliament in 2003 and the President gave its assent on September 11, 2003

Government of Rajasthan had constituted an organization, named as 'Economic Policy and Reforms Council' to advise the Government on reforms in economic matters.

The Public Accounts Committee scrutinizes the Appropriation Accounts of the Government of India and the reports of the Comptroller and Auditor General of India. It is a 22 members committee (15 from Lok Sabha and 7 from Rajya Sabha). The Committee examines expenditures and give its report to the Parliament.

The Article 148 of the Indian Constitution is concerned with the office and appointment of Comptroller and Auditor Gen- eral of India. The Comptroller and Auditor General (CAG) is appointed by the President of India and can be removed from office only in the manner and the grounds that a Judge of the Supreme Court is removed. CAG audits the accounts related to all expenditure from the Consolidated Fund of India and Consolidated Fund of each State and UT having a legislative assembly. He ascertains and certifies the net proceeds of any tax or duty and his certificate is final on the matter. CAG submits his audit reports relating to the accounts of the Centre and States to the President and Governor respectively, who shall, in turn, place them before both the Houses of Parliament and the State Legislature respectively. CAG of India acts as the custodian of public fund.

According to the Index of Government Economic Power (IGEP), India's rank in 2009 among 112 World Economies was fifth. While USA, China, Japan and Germany were ranked from first to fourth, respectively.