The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
There are four public sector general insurance companies.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
Claim breach in procedure, demand probes; Reliance denies charge
A consumer court has pulled up New India Assurance Company Ltd for refusing to reimburse the cost of a life-saving equipment to a claimant, who bought it to overcome a sleep disorder, on the ground that it was not covered under the policy.
The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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