The committee members asked if SBI was waiting for private sector banks to announce their rates before it takes a call on the issue.
This was suggested by a Parliamentary Standing Committee to the government keeping in mind the number of investigations being handed over to the already-burdened CBI. The committee observed that such a system will ensure that the agency's work 'will not suffer on account of shortage of funds' and the results would be met within a time-limit.
This is the first time that oath-taking of members will take place in the House chamber during the inter-session period so as to maintain norms of physical distancing due to COVID-19, officials said.
After discussions, there may be changes the Bill.
Five private establishments, including Reliance Industries and Infosys, have failed to pay their dues on time to the government in return of the CISF cover provided to them.
The government on Monday clarified that the controversial movement of troops towards Delhi in mid-January was a "routine" exercise, for which no permission was required from the defence ministry. Defence Secretary Shashi Kant Sharma, who appeared before the Parliamentary Standing Committee on Defence, told the panel that the movement of troops towards Delhi was a routine drill and no standard operating procedures were violated as it did not require permission from the govt.
In a report tabled in Parliament recently, it said several complaints are being disposed of by the Lokpal on the ground that they are not in the prescribed format and asked it not to reject genuine complaints.
Indian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
IDBI found itself in favour on reports that a parliamentary committee will meet the RBI governor to consider converting the financial institution into a universal bank.
Corporate affairs minister Murli Deora has supported the recommendations of the Parliamentary standing committee to make spending under corporate social responsibility (CSR) mandatory under the proposed Companies Bill. Pending the Bill, the minister also announced a slew of measures to simplify procedures akin to the licence raj.
Low margins and cash crunch have resulted in job cuts and a decline in the insurance industry. A policy roadblock is making it worse.
Lashing out at Abhishek Singhvi on the draft Lokpal Bill, Team Anna on Wednesday accused the Congress leader of disrespecting Parliament by going against its commitment of including lower bureaucracy and Citizens' Charter in the ambit of the ombudsman.
The Parliamentary Standing Committee going into the Lokpal Bill has recommended keeping the judiciary and the MPs' conduct in the House out of its purview and rejected the demand for hiving off the anti-corruption wing of the Central Bureau of Investigation to come under its jurisdiction.
In its report, the panel asked it to 'enlighten it' whether the term 'central government' or 'Union government' was used at the time of framing of the Constitution.
It is curtains for the much-talked about Women's Reservation Bill, at least for the time being. While the 14th Lok Sabha has just concluded its last session, the parliamentary standing committee examining the women's reservation bill has now got one more extension to complete its task.
With several government agencies, including Railways, seeking its land for their use, the Defence ministry has made it clear that it has no surplus land to share with others and needs additional land to keep up with the demands of the armed forces.
The Central Vigilance Commission will suggest to the Parliamentary Standing Committee certain changes in the proposed Lokpal bill and pitch for greater powers to prosecute higher bureaucracy in corruption-related cases.
Tharoor questioned about the alleged hacking of phones using spyware Pegasus, to which the officials responded that the matter is subjudice.
Terming the movement of two army units towards Delhi in mid-January as a routine drill, Defence Secretary Shashi Kant Sharma on Monday said no permission was required for the same from the government.
Chairman of the Parliamentary standing committee on defence Satpal Maharaj on Sunday sought to downplay the controversy over the alleged unnotified movement of two Army units towards the capital in mid-January, saying such exercises are routinely held.
Civil society groups welcome the submission of a memorandum opposing Aadhaar and other anti-people policies to the prime minister along with a big truckload of signatures numbering 3.57 crore on March 14, says Gopal Krishna
The Budget session of Parliament started Monday with the President's address.
India's Parliamentary Standing Committee on Food and Consumer Affairs has called for a complete ban on futures trading in essential commodities like wheat, rice and sugar.
With a host of chief ministers attacking the Centre's creation of an anti-terror body, Prime Minister Manmohan Singh on Tuesday stepped into the picture assuring them that states' powers will not be affected and asking Home Minister P Chidambaram to hold talks with them.
The Companies Bill 2009, which seeks to replace a half-a-century-old Act, will be presented in Parliament in the ongoing Budget session, Finance Minister Pranab Mukherjee said on Monday.
While the government's recent moves may have been necessary in some cases, these would have an adverse impact on the investment cycles of some of these companies. The marquee global names are suddenly finding themselves out of favour as local flavour is gaining currency in the run up to 2019 elections.
A Parliamentary Standing Committee on Railways observed that projects were started without much 'justification and background' work. The projects were not completed despite making huge investments on them, as new projects were taken up.
Ahead of his day-long fast for a strong Lokpal Bill, Anna Hazare launched a vitriolic attack on the government, charging that it was "intoxicated" by power and said the "second fight for independence" has started which will go on till corruption is eradicated.
The Bharatiya Janata Party will on Thursday submit a note of dissent on the draft Lokpal bill to Abhishek Singhvi, chairman of the Parliamentary Standing Committee going into the Lokpal Bill.
The Reserve Bank of India has told parliamentarians that it is concerned over the stock market exposure of various non-banking financial companies (NBFCs) promoted by leading banks in the country.
Turning down the suggestion of Parliamentary Standing Committee, the Union Cabinet also decided that there would be no guarantee of assured returns on schemes by pension funds.
A parliamentary panel has recommended replacing the word 'seamen" with 'sea-persons' in the Merchant Shipping Amendment Bill, which aims at governing the welfare of seafarers, to make the legislation gender neutral.
A parliamentary panel has asked the government to restrict imports of all petroleum products especially transportation fuels (petrol and diesel) by private firms in view of the excess refining capacity in the country.
A parliamentary panel has rapped the government for bypassing Parliament in deciding to privatise oil refiners Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp
It plans to introduce an amendment to the Anti-defection Law in the winter session of Parliament.
The Parliamentary Standing Committee on External Affairs will be briefed on Indo-Pak relations with specific reference to recent surgical strikes.
The Congress on Wednesday hit out at the government over the women's reservation bill, saying the only appropriate description of what Prime Minister Narendra Modi has done with the matter is "it is a post-dated cheque drawn on a failing bank".
The Central Vigilance Commission on Saturday indicated it did not want to come under Lokpal but work closely with the proposed anti-corruption ombudsman.
Criticising the auto policy as "short-sighted", a Parliamentary panel on Thursday demanded a total ban on the import of second-hand cars and used tyres.
Under attack for his comments on Anna Hazare, Congress spokesperson Manish Tewari on Wednesday opted out of the Parliamentary Standing Committee going into the Lokpal issue even as Bharatiya Janata Party inducted two new members in the panel being reconstituted after its term ended today.
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