Pat Cummins, 28, becomes only the second specialist fast bowler to take the captaincy after Ray Lindwall, who led for one Test against India in the mid-1950s.
Smith was forced to skip Tuesday's training session but Paine said he thought his predecessor as captain would be ready to go
Paine was given out purely based on a Snicko spike as there was no mark on Hot Spot, which is the correct protocol.
Finch's place in the team is under scrutiny ahead of Australia's World Cup title defence on home soil.
A few bruised egos will eye redemption when India square off against Australia in the second Test in Melbourne from Saturday, ready to bounce back in skipper Ajinkya Rahane's hour of reckoning after their batting debacle in the series opener in Adelaide.
More than three months after his death, Dean Jones was paid another tribute at his home ground at the Melbourne Cricket Ground by Indian and Australian players, who were joined by his wife, daughters and the legendary Allan Border in remembering the effervescent former player on Saturday.
'The pitch should have enough for the bowlers to be interested on all days of the Test.'
'It's something I do in games to visualise where we are bowling, how the batter is playing our bowlers and then out of habit I always mark centre.'
Coming into the series at the back of a convincing series win over Pakistan, Australia will look to seal their seventh day-night Test win when they face New Zealand in the opening Test beginning in Perth on Thursday.
Australia captain believes the result could have been different had Steve Smith and David Warner been available for the home side in Melbourne.
Rishabh Pant and Tim Paine's good humoured on-field banter has been lapped up by the television viewers and the Indian described it as a way of maintaining intensity during long on-field hours.
Pat Cummins is focused on doing justice to his appointment as Australia's new test captain and believes limited-overs leadership would be "too much" for him, the 28-year-old said on Saturday.
'It's just frustrating; I'd imagine it's frustrating for everyone.'
Australian pace spearhead Mitchell Starc described Virat Kohli as a 'fantastic captain', having shared the dressing room with the India captain while representing Royal Challengers Bangalore in the Indian Premier League.
Saini limped off the field due to groin pain and was taken for the scans.
IMAGES from Day 3 of the 2nd Test at Perth on Monday
Paine said Pucovski would open the batting if he was selected for the match
Warner was left stranded at 335 not out when Australia skipper Tim Paine declared the innings on Saturday.
Virat Kohli hailed the performance of the visitors on the first day of the ongoing second Test
'But I will say that Australia played better cricket than us and they played more consistently. That's why then won the match. Beyond that, I don't think I need to over-analyse this game'
'If there were ever a PR exercise to fix the seemingly irreparable image of Australian cricket in the aftermath of the most notorious on-field scandal in recent memory, then this is it,' observes Dhruv Munjal.
Images from Day 4 of the first Ashes Test between England and Australia in Edgbaston, on Sunday.
Marcus Harris will be the only change to the 11, with opener David Warner cleared to play after struggling with his groin strain in Sydney.
'I don't have a problem with the 'keeper talking, but not when the bowler is about to bowl. You've got to zip it then.'
Australia need five wickets in the second Test to secure a series-levelling victory with India's daunting run chase on a menacing pitch teetering at stumps on day four on Monday.
IMAGES from Day 2 of the Boxing Day Test played between Australia and New Zealand at the MCG on Friday.
Matthew Wade's defiant century proved in vain as England bowled Australia out for 263 to win the final Test at The Oval by 135 runs on Sunday and ensure the first drawn Ashes series since 1972.
'And I think Pat really hit that home. Let's be calm. Let's go do the basics really well and when our chance comes let's be ruthless.'
Australia batsman Matthew Wade may decide to keep his lip zipped during the Test series against India over the home summer as he says Virat Kohli's team thrive on verbal confrontations. Wade said chirping at India during the four-Test series, which starts in December, might backfire.
'The last few days we've really been able to galvanise around him, to have some really robust discussions on where we want to take this cricket team, what we expect of him and what he expects of us.'
Australia captain Tim Paine hailed his side's effort and fight as they rose from the malaise of their ball-tampering scandal to find a competitive edge on the third day of the fourth Test against South Africa at the Wanderers.
The report into the investigation has not been made publicly available, with CA citing confidentiality, and the information vacuum has been filled by speculation and innuendo as the years rolled on.
Eddings said CA has given vice-captaincy to various players over the years and will go by the selectors' recommendation when the time comes to pick a successor to Paine.
'We need to be mindful of keeping ourselves calm enough so we can execute our skills as well'
India's tour OF Australia will begin with a three-match ODI series starting on November 27, followed by as many T20Is and a four-match Test series.
'I think there'll be a huge fallout from this (defeat). There's not too many times that you lose to the second or third (choice) side.'
The embattled Australian team hit a 34-year low in the ICC ODI rankings, dropping to sixth place following back-to-back defeats against England in the ongoing five-match series. With defeats to the world No. 1 ODI team in London and Cardiff, Australia slipped to 102 rankings points and sits a fraction of a point below 2017 Champions Trophy winners Pakistan.
Former speed merchant Brett Lee reckons Australia's pace trio would hold the key during the year-end home Test series against India and is keen to figure out how much the kookaburra ball swings without saliva Down Under.
A series win in Australia will certainly put Kohli on a higher pedestal even though the quality of the home team's batting line-up suffered adversely due to the bans of former skipper Steve Smith and his deputy David Warner.
Ajinkya Rahane brought calmness in the dressing room in the absence of regular captain Virat Kohli, spinner Ravichandran Ashwin said on Tuesday after India recorded an epic series-levelling win in the second Test, in Melbourne, on Tuesday.