After promising support to the United Progressive Alliance government over the 2G Spectrum controversy, Tirnamool Congress chief Mamata Banerjee took the Congress by surprise when she joined the Opposition in their demand for a joint parliamentary committee on Monday.
Government on Wednesday rejected the opposition demand for Joint Parliamentary Committee probe into Adarsh housing scam, saying the centre has nothing to do with it.
Catch all the action from the Monsoon session of Parliament, LIVE
Rejecting the demand for referring Insurance Bill to a Select Committee, the government on Thursday said the Congress was 'stonewalling' the key reform measure to deny credit to Prime Minister Narendra Modi before he goes to the United States.
Industry's wait for new bank licences may get a bit longer as the Reserve Bank of India's (RBI's) suggestions to amend the Banking Regulation Act will not be incorporated in the report of the Standing Committee on Finance in the Banking Laws (Amendment) Bill, 2011.
The all-party meet called by Union Finance Minister Pranab Mukherjee to resolve the deadlock in the Parliament ahead of the Budget session ended inconclusively on Tuesday with the Bharatiya Janata Party-led Opposition sticking to their demand for a Joint Parliamentary Committee probe into the 2G scam.
Following the address by President Ram Nath Kovind, the economic survey will be tabled in the two Houses.
How do cheer girls promote the cause of cricket? Why are players auctioned like 'gladiators' in IPL system of cricket? These were some of the questions members of the Parliamentary Standing Committee on Finance posed to top officials of the Board of Control for Cricket in India.
Union Finance Minister Pranab Mukherjee on Saturday ruled out a Joint P Parliamentary Committee investigation into alleged irregularities in the 2G spectrum allocation, but appealed to the Opposition to let Parliament function smoothly.
The standoff in Parliament over a joint Parliamentary probe into the alleged irregularities in the 2G spectrum allocation continued on Tuesday with the Lok Sabha and the Rajya Sabha adjourning till noon, following uproar by the opposition parties.
Union Finance Minister Pranab Mukherjee is likely to meet the leaders of the opposition parties again on Monday morning in his bid to break the impasse between the government and the opposition parties that has disrupted functioning of both houses of Parliament since the session began on November 9.
Finance Minister Pranab Mukherjee on Monday hit out at Opposition parties for stalling the proceedings of Parliament, after their demand for a probe by the Joint Parliamentary Committee into the spectrum scandal was not accepted by the government.Reacting to a question on whether Prime Minister Manmohan Singh would make a statement on the resignation of Telecom Minister A Raja over the 2G spectrum scam, Pranab lost his cool.
The government on Tuesday came in for sharp criticism on the divestment issue with a parliamentary committee asking it to come forward with a comprehensive policy document on the matter.
Finance Minister Arun Jaitley to present Union Budget on February 28.
The monsoon session of Parliament is likely to begin in the third week of July and end by mid August.
Putting aside its winter fiasco, Parliament is all set for a smooth budget session from Monday with government telling the Opposition that an announcement on the constitution of a Joint Parliamentary Committee into the 2G spectrum will be made on Tuesday.
A meeting of United Progressive Alliance allies scheduled for Monday night, in the wake of persisting Opposition demand for a joint parliamentary committee into 2G spectrum allocation, was postponed at the last moment. The meeting convened by Finance Minister Pranab Mukherjee is now expected to be held in a day or two. It had to be postponed as a number of leaders of allies were not in Delhi. The issue has paralysed Parliament.
Hitting back at the Bharatiya Janata Party for demanding a joint parliamentary committee probe into the 2G spectrum allocation, Finance Minister Pranab Mukherjee on Friday said it had no right to speak on the issue as the Tehelka sting operation had earlier exposed its party president taking a bribe on camera. "People should not forget what we have seen in the earlier regime, what happened in Tehelka. How the president of a national party was found taking money," he said.
An all-party meeting on Tuesday failed to break the stalemate in Parliament over the demand for a joint parliamentary committee into 2G spectrum scam, leaving no immediate signs for return of normalcy in both Houses that have remained paralysed for four days.
The Parliamentary Committee on Public Undertakings (COPU) expressed serious concern over outsourcing of printing of Indian currency notes amounting to Rs 1 lakh crore (Rs 1 trillion) to three countries in 1997-98 and said that such a tendency would put India's economic sovereignty at stake.
In 2009, the UPA government, had announced a slew of measures to boost liquidity in NBFCs. These included a scheme for providing liquidity support to NBFCs having assets size of over Rs 100 crore through a SPV.
Top Pakistani officials are refusing to disclose how and on what the country's powerful spy agency Inter Services Intelligence spent a whopping Rs 5.55 billion allocated to it during 2007-08. "This is highly sensitive information and hence I can't talk about it at an open forum," Finance Secretary Salman Siddiqui told the Public Accounts Committee of the National Assembly or the lower house of parliament.
Parliamentary Standing Committee on Finance Chairman Yashwant Sinha wants the government to first introduce goods and services tax (GST) at the central level and set example for states to implement the indirect tax reform.
The government on Tuesday said it would carefully consider proposals of a parliamentary standing committee to allow FDI in pension sector on the pattern of the insurance sector.
The newer ones have not met the stipulation of opening 25 per cent of branches in rural and semi-urban areas, a parliamentary committee report has observed.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
For every one million currency notes, there are eight fake notes floating in the country. While the percentage of fake notes may still be 0.001, the government is concerned as their circulation has grown in alarming quantities over the past few years.
Government on Friday did not rule out setting up of a Joint Parliamentary Committee to probe into the Indian Premier League controversy with Finance Minister Pranab Mukherjee saying a decision would be taken after 'due diligence.'
The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.
Senior Congress leader and former finance minister P Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
Finance Minister Pranab Mukherjee will hold talks with the opponents of Women's Reservation Bill before the government's takes the next step on it, Minority Affairs Minister Salman Khurshid said on Thursday.
Expressing concern over India's rising inflation, Finance Minister Jaswant Singh said on Thursday that macro economic situation remained 'comfortable' in 2002-03
'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.
The parliamentary standing committee on finance on Thursday approved the repeal of IDBI Act, paving the way for conversion of Industrial Development Bank of India into a bank.
A Parliamentary Standing Committee praised the government for the wrestling and boxing facilities at the Sports Authority of India's Sonepat Center but pointed out that "excellence needs to be replicated for other sports disciplines".
In a further escalation of the confrontation between the Congress and the government, the opposition party claimed that a committee constituted by the Delhi government has found 'gross financial irregularities' in the DDCA during that period.
The Joint Parliamentary Committee, probing the 2001 stock market scam and the UTI fiasco tabled its report in the Parliament.
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