The deliberations mainly focused on three key areas: Union and State Finances, Local Bodies, and Public Sector Enterprises (PSEs), among others. The Union, states, local bodies and the PSEs are under the audit of the CAG. In addition, the CAG also maintains the accounts of the states.
The Sixteenth Finance Commission has constituted an Advisory Council with five members -- DK Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari, and Rahul Bajoria.
Sixteenth Finance Commission Chairman Arvind Panagariya and Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM), exercised their franchise in the national capital on Saturday in the sixth phase of Lok Sabha polls and appealed to people to vote in large numbers