While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Notwithstanding strong demand by Bharatiya Janata Party members for calling Finance Minister P Chidambaram, the Joint Parliamentary Committee examining 2G spectrum allocation scam is unlikely to call him or any other minister as witnesses.
The Joint Parliamentary Committee has found not a "single file or record" to show any culpability of Prime Minister Manmohan Singh and Finance Minister P Chidambaram in the 2G spectrum allocation, its chairman P C Chacko said justifying the clean chit to them in the draft report.
Prime Minister Manmohan Singh has rejected Bharatiya Janata Party leader Yashwant Sinha's demand that he depose before the Joint Parliamentary Committee in the 2G spectrum scam.
Describing the functioning of the Joint Parliamentary Committee on 2G as "scandalous", Bharatiya Janata Party leader Yashwant Sinha on Tuesday demanded that Prime Minister Manmohan Singh and Finance Minister P Chidambaram appear before it for the truth to come out.
The proceedings were washed out over various issues including the Citizenship (Amendment) Bill and roster system for reservation in educational institutions.
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
Concerned over rising incidents of tax evasion, a Parliamentary Committee on Thursday asked the government to keep a close watch on high spending individuals and also take steps to reduce tax arrears.
AIADMK coordinator O Panneerselvam is said to be upset at his son Raveendranath Kumar, a Lok Sabha MP, being denied a ministerial chance for a second time in a row, beginning with the formation of Modi 2.0 in 2019, reveals N Sathiya Moorthy.
Vajpayee was elected chairman of the BJP parliamentary party.
In the concluding part of the series, Y V Reddy, argues that the proposal strikes at the functioning of federalism and the basic structure of the Constitution, which has served us well so far.
The Bharatiya Janata Party on Tuesday expressed dissatisfaction over the government's response to the Aircel-Maxis controversy, allegedly involving Home Minister P Chidambaram's family members, and said it would demand a discussion on the issue in both Houses.At the weekly BJP Parliamentary Party meeting, Leader of Opposition in the Rajya Sabha Arun Jaitley briefed the members about the Aircel-Maxis issue.
Government's effort to end impasse in Parliament by reaching out to BJP for early passage of key finance bills on Friday came a cropper as the opposition indicated that it is unlikely to cooperate unless it is assured that JPC chairman P C Chacko's draft report on 2G will be rejected.
External Affiars and Finance Minister Pranab Mukherjee on Monday said the government cannot indulge in 'reckless borrowing' and did not have Parliamentary mandate to tweak taxes.
The provisions in the FRDI bill do not modify current protections for depositors adversely at all, the ministry held, maintaining that these rather provide additional protections in a more transparent manner.
A bill to ban the practice of talaq-e-biddat has been passed by Lok Sabha and is pending Rajya Sabha's nod.
Catch all the action from the Monsoon session of Parliament, LIVE
India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy industries.
Even as Bharatiya Janata Party MPs are boycotting the Joint Parliamentary Committee looking into the 2G spectrum scam, the panel's chairman P C Chacko has ruled out summoning of Prime Minister Manmohan Singh.
This year the meeting will take place from Tuesday to Thursday in Lahore. The Cairn Group is composed of World Trade Organisation members pressing for further agricultural reform within the WTO.
Due to Opposition anger over the non-availability of the finance minister during discussion on the Finance Bill in the Parliament.
Bharatiya Janata Party members of the Joint Parliamentary Committee examining the 2G spectrum issue on Thursday boycotted the meeting of the panel in protest against Chairman P C Chacko's refusal to accede to their demand to summon the prime minister and the finance minister.
Breaking a long tradition, the PMO has ensured that specific divisions in each ministry are allocated to junior ministers.
The politics of hate does not pay. The people are too sensible to fall for such a ruse, says Amulya Ganguli.
Government sources said on Wednesday that the prime minister has informed presiding officers of both Lok Sabha and Rajya Sabha about the arrangement. The session of Parliament which began this morning is a 10-day affair.
The government will cut the central sales tax rate to 3 per cent from 4 per cent from April 1 through a notification, as announced by Finance Minister P Chidambaram in his Budget speech.
Pranab Mukherjee appears set to be the next President with his candidature announced on Friday by the ruling UPA and endorsed swiftly by supporting parties Samajwadi Party and Bahujan Samaj Party amid indications that he will gather more support ahead.
Full list of the rejigged Union Council of Ministers
Parliament's standing committee on finance, headed by Bharatiya Janata Party leader Yashwant Sinha, on Thursday finalised its report on the Companies Bill, 2011.
An all-party meeting on Monday failed to hammer out a consensus over the controversial Insurance Bill, which was scheduled to be taken up in Rajya Sabha.
On instructions from Congress president Sonia Gandhi, senior Union ministers were asked to brief Congress MPs on the allocation of coal blocks and the CAG report.
The Bharatiya Janata Party and Congress were on Wednesday locked in a confrontation in the Joint Parliamentary Committee on 2G scam with members of the main opposition storming out of its meeting over the issue of calling Prime Minister Manmohan Singh and Finance Minister P Chidambaram and threatening to quit from it.
The parliamentary standing committee on finance has proposed a Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI) co-ordination mechanism to monitor foreign investments in the stock market.
Ending its nearly two-month-old boycott, Bharatiya Janata Party members on Thursday attended the meeting of Joint Parliamentary Committee on the 2G scam and said they would continue to press for summoning of Prime Minister Manmohan Singh and Finance Minister P Chidambaram as witnesses.
Amid demands for calling Prime Minister Manmohan Singh and Finance Minister P Chidambaram as witnesses before the Joint Parliamentary Committee on 2G, Bharatiya Janata Party members in the panel on Thursday once again abstained from its proceedings. During the last meeting of the JPC on October 11, the BJP members had stayed away after accusing JPC Chairman P Chacko of failing to finalise the list of witnesses and include the prime minister and Chidambaram in it.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
Joint Parliamentary Committee Chairman P C Chacko on Thursday decided to refer to the Lok Sabha Speaker the demand to summon Finance Minister P Chidambaram as a witness before the panel on the 2G scam.
Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed to cap cash transactions at Rs 300,000 with effect from April 1.
An "exhaustive" list of witnesses, which includes former Prime Minister Atal Bihari Vajpayee and former Finance Minister P Chidambaram, was on Tuesday placed before the JPC probing the 2G spectrum allocation scam, but a decision whether to call them was deferred.
The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.
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