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Public Accounts Committee flags failure to transfer ₹9,222 crore in cess collections to designated reserve funds

Members question the Finance Ministry’s explanation; panel chief K.C. Venugopal says cess proceeds must not be used to finance fiscal deficit instead of their intended purpose

· 9/8/2026, 4:39:21 PM· 2 min read
Public Accounts Committee flags failure to transfer ₹9,222 crore in cess collections to designated reserve funds
Members question the Finance Ministry’s explanation; panel chief K.C. Venugopal says cess proceeds must not be used to finance fiscal deficit instead of their intended purpose
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