What is Estimates Committee ?

Fact File :

The Estimates Committee consists of 30 members, all from Lok Sabha, who are elected by Lok Sabha every year from amongst its members. The main function of this committee is to suggest alternative policies in order to bring about efficiency and economy in govt. administration.

Dr. Murli Manohar Joshi selected as the Chairman of the Estimates Committee of Parliament by the Lok Sabha Speaker Sumitra Mahajan on 16 August 2014 ?