The Parliamentary Standing Committee on Finance has selected 46 subjects for detailed examination and report preparation during the 2026–27 fiscal year, covering key areas such as artificial intelligence (AI) in finance, currency management, virtual digital assets, banking reforms and financial sector regulation.
The subjects span the Ministry of Finance, including its Departments of Economic Affairs, Expenditure, Public Enterprises, Investment and Public Asset Management, Revenue, and Financial Services, as well as the Ministry of Corporate Affairs, NITI Aayog, and the Ministry of Statistics and Programme Implementation (MoSPI).
Earlier this month, Lok Sabha Speaker Om Birla reconstituted several Parliamentary Committees overseeing different ministries. Bhartruhari Mahtab of the Bharatiya Janata Party (BJP) was reappointed Chairperson of the Standing Committee on Finance. The committee comprises 21 members from the Lok Sabha and 10 from the Rajya Sabha.
Focus on Economic Stability and Financial Sector Reforms
According to a Lok Sabha bulletin, the committee’s agenda includes several subjects relevant to India’s evolving economic landscape. These include strategies for price and currency stability, currency management, financial sector regulation and the monetisation of public sector assets.
The committee will examine developments in the banking, pension and health insurance sectors, alongside social security for informal sector workers. It will also evaluate various Central Government schemes, review small savings schemes and assess the Reserve Bank of India’s role in the changing economic environment.
Other key areas include an assessment of the Securities and Exchange Board of India’s (SEBI) performance, the evolving macroeconomic landscape, and reforms in customs duties, Goods and Services Tax (GST) and direct taxation.
The panel will also undertake a study of virtual digital assets to examine the way forward, assess emerging issues and opportunities associated with AI in the financial sector, and identify regulatory gaps in the non-banking financial company (NBFC) sector.
Corporate Governance and Institutional Performance
Under the Ministry of Corporate Affairs, the committee will examine the challenges facing the National Company Law Tribunal (NCLT) and consider measures to address them. Its agenda also covers corporate social responsibility (CSR), corporate e-governance and auditor accountability.
The committee will review NITI Aayog’s role in developing sectoral roadmaps and examine the functioning of the Aspirational Districts Programme.
Strengthening India’s Economic Data Framework
For MoSPI, the panel will study national accounts statistics and recommend measures to strengthen the country’s economic data systems.
The wide-ranging agenda reflects Parliament’s focus on assessing the effectiveness of economic policies, strengthening financial regulation, improving corporate governance and enhancing the reliability of economic data. The committee’s findings and recommendations are expected to contribute to policy discussions and legislative oversight across these critical sectors during 2026–27.