He said in some cases we certainly listed the information indicated from Iraqi records
The ministry of company affairs on Thursday said it will look into the Volcker committee report to see whether there has been any violation by the Indian corporates named in it.
The PM will them clarify his statements, sources said.
'It is in the interests of everybody, including those named in the report, to have the truth established,' says UN Under Secretary General Shashi Tharoor.
They have asked for information to be provided before November 23.
Jaitley warned that without filing an FIR, the Swiss court would not entertain any probe in the matter as in the case of Bofors.
The report has named Natwar Singh as a beneficiary.
The ED was to examine Singh in connection with some of the documents procured from Jordan and Iraq.
Asserting that the party was in no way connected with the issue, the Congress recalled that it was not in power at the Centre between 1996 and 2003 when the deal was executed.
Saidi told the authority that he was a consultant of few Indian companies who dealt in medicine and other commondities.
Khanna, who is an NRI, has returned from London and would be questioned by the ED again, official sources said.
A remark by James Bone of The Times, London -- 'Your version of events don't really make sense' -- provoked Annan.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
In a new twist to the phone tapping controversy, Bharatiya Janata Party Monday alleged that the telephones of many of its senior leaders, including Leader of Opposition Lal Kishenchand Advani were tapped during the Volcker controversy.
NDA to allow Parl proceedings from Monday if motion is accepted
The Opposition said Lok Sabha could function only if Sonia and Natwar resigned.
Raising the issue during Zero Hour, Professor Vijay Kumar Malhotra (Bharatiya Janata Party) also wanted the government to make public the report of the Enforcement Directorate on the alleged receipt of payment.
The title Inquiry Authority as against Commission had been used since that was the expression used in Section 11 of the Act to Parliament.
During his tenure, Dayal will also act as the special envoy of the government of India and hence liaise with the united Nations to go into the depth of the allegations made by Volcker.
The CPM demanded a probe into findings of the UN-ordered Volcker Committee that named External Affairs Minister Natwar Singh and the Congress party among beneficiaries of Iraq's oil for food programme
Initiating a discussion on the adjournment motion moved by him on the issue, Leader of the Opposition L K Advani ridiculed the ruling party's claims that the Volcker Committee report was an attempt to tarnish Congress.
He said if somebody levels allegations, they should be ashamed of themselves.
Volcker report: Natwar Singh rejects demand for resignation, claims PM's support
He also made it clear that the government had nothing to hide on the Volcker issue and that there was a procedure to be followed.
Natwar said he favoured the closest of relations between India and the United States.
'Kofi Annan will be remembered more for his Nobel Prize and related glory rather than Rwanda and Volcker,' notes Ambassador T P Sreenivasan with whom he worked in the UN.
There are a number of factors that helped India remain relatively unscathed. Some of them are to do with RBI and some of them are to do with the Indian economy.
The internal battle within the Obama administration seemed to have been won by Paul Volcker, the impressive and outspoken former Federal Reserve chairman who has long been a critic of financial innovation.
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
A few prominent economists are still worried that a US, and thus global, recovery is years away.
Obama has been talking with the world leaders in the past few weeks in this regard, and this would be his agenda at the upcoming G-20 summit at London next month, which among others would also be attended by the Indian Prime Minister Manmohan Singh.
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