- Lok Sabha Speaker inaugurated the conference of Chairpersons of Public Accounts Committees (PAC) of Parliament and State/UT Legislatures in Thiruvananthapuram. - The conference serves as a platform for deliberating on strengthening financial accountability, transparency, and cooperative federalism in legislative oversight. - Focus is laid on sharing best practices among PACs of different states and the Union Parliament to ensure effective utilization of public funds. - **Public Accounts Committee:** A key parliamentary committee in India that examines the audit reports of the Comptroller and Auditor General (CAG) to ensure financial accountability and proper utilization of public funds. - **Parliament of India:** The supreme legislative body of India comprising the President, Lok Sabha, and Rajya Sabha, responsible for lawmaking, national policy formulation, and financial oversight. - **State and UT Legislatures:** Constitutional lawmaking bodies at the sub-national level in Indian states and union territories, responsible for enacting state laws and overseeing state executive accountability. **Introduction** The Lok Sabha Speaker inaugurated a conference of Chairpersons of Public Accounts Committees (PAC) from Parliament and State/UT Legislatures held in Thiruvananthapuram, focusing on enhancing financial accountability, transparency, and parliamentary oversight. **Core Issue and Detailed Points** - Lok Sabha Speaker inaugurated the conference of Chairpersons of Public Accounts Committees (PAC) of Parliament and State/UT Legislatures in Thiruvananthapuram. - The conference serves as a platform for deliberating on strengthening financial accountability, transparency, and cooperative federalism in legislative oversight. - Focus is laid on sharing best practices among PACs of different states and the Union Parliament to ensure effective utilization of public funds. **Key Statutory Bodies, Acts & Concepts** - **Public Accounts Committee:** A key parliamentary committee in India that examines the audit reports of the Comptroller and Auditor General (CAG) to ensure financial accountability and proper utilization of public funds. - **Parliament of India:** The supreme legislative body of India comprising the President, Lok Sabha, and Rajya Sabha, responsible for lawmaking, national policy formulation, and financial oversight. - **State and UT Legislatures:** Constitutional lawmaking bodies at the sub-national level in Indian states and union territories, responsible for enacting state laws and overseeing state executive accountability.