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Standing Committee to Review 46 Economic Subjects

  • 24 Oct 2026

On October 9, 2026, the Parliamentary Standing Committee on Finance selected 46 subjects for study during 2026-27, including AI in the financial sector and Virtual Digital Assets.

Key Facts

  • Scope of Study: The committee will examine the 46 selected topics during FY 2026-27 and present reports to Parliament as needed.
  • Leadership: BJP MP Bhartruhari Mahtab was reappointed as Chairman. The committee was reconstituted on September 26, 2026.
  • Membership: The committee consists of 31 members—21 from Lok Sabha and 10 from Rajya Sabha.
  • Financial Technology: It will study the use of Artificial Intelligence (AI) in financial services, emerging challenges, and the regulatory framework for Virtual Digital Assets (VDAs).
  • Monetary Management: Price and currency stability, currency management, and the role of the RBI in evolving economic conditions will be reviewed.
  • Financial Oversight: The committee will review regulations governing banking, insurance, pensions, NBFCs, and SEBI's overall performance.
  • Taxation & Public Assets: GST, customs duties, direct tax reforms, public asset monetization, and small savings schemes are included in the scope.
  • Corporate Governance: Performance of NCLT, Corporate Social Responsibility (CSR), corporate e-governance, and auditor accountability will be evaluated.
  • NITI Aayog: The committee will assess NITI Aayog's role in sectoral policy formulation and the implementation of the Aspirational Districts Programme.
  • Economic Statistics: Measures to improve the reliability of national income data and economic data systems under the Ministry of Statistics and Programme Implementation will be evaluated.
  • Parliamentary Role: The committee scrutinizes ministries and regulatory bodies to advise Parliament. Its recommendations are not automatically legally binding.