A group of onion traders gathered at the Pimpalgaon Agricultural Produce Market Committee (APMC), near Nashik, to inspect one of the season's final harvests of red onions as they look to place their bids. They were surrounded by farmers, who brought their produce here from different parts of the district. Farmers have reasons to be optimistic.
The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks' (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. "The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low," said the June FSR.
Senior Bharatiya Janata Party leader Sushma Swaraj on Monday met expelled party veteran Jaswant Singh and is understood to have demanded that he step down from the post of chairperson of the parliamentary Public Accounts Committee.
Earlier this year, the Union Cabinet gave the management of state-run companies the freedom to decide on divesting their subsidiaries. However, the very next day a meeting was held at the top level of the Government of India, for the presentation of proposals for more autonomy for state-run companies. Interestingly, no chiefs of any of these companies were invited. It is a problem that will stare the government in the face with the state-owned banks too, as talks have again begun for inviting strategic investments in these companies.
Lok Sabha Speaker Meira Kumar on Friday sought to bring the curtain down on the turf war between the Public Accounts Committee and the Joint Parliamentary Committee, asking the two bodies to work in close cooperation and harmony with each other.
Corporate lobbyist Nira Radia appeared in no mood to co-operate with the Public Accounts Committee when she appeared before them for questioning on the 2G scam on Monday morning as her answers were 'evasive' and 'clever,' preferring to use the non-descript phrase, "I do not remember" in reply to most of the questions.
Dr Murli Manohar Joshi, chairman of the Public Accounts Committee, told the media that lobbyist Niira Radia was evasive when she was quizzed in connection with the 2G spectrum scam. Her attitude and the answers she gave to the 12-member committee during her 2-hour questioning seems to have angered Joshi.
Chairman of Public Accounts Committee Murli Manohar Joshi on Tuesday said that there was no conflict or clash between the Joint Parliamentary Committee and the panel headed by him and both can function within their own domain to probe irregularities in 2G spectrum allocation. He said that the JPC was supposed to work under specific terms of reference and conditions and did not have the right to summon the prime minister or any minister but PAC was a constitutional body.
The Public Accounts Committee met in New Delhi on Thursday with its chairman Murli Manohar Joshi saying the report on the 2G spectrum scam was on agenda and will be discussed on merit.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Freedom At Midnight is a bold attempt to revisit the whole discourse about Partition, its causes, and the predicament under which the Congress leaders accepted it. It perfectly captures the extremely confused and complicated situation to which it seemed the only viable solution, observes Utkarsh Mishra.
In a move that spells further trouble for mining industry in Goa, the Manohar Parrikar government has decided not to allow mining activity until findings of the Public Accounts Committee and Justice M B Shah Commission on illegalities are dealt with in accordance with law.
CAG report commands respect and cannot be brushed aside but it cannot be the final word on an issue, the Supreme Court said today while noting that the auditor's findings cannot be gospel truth as it is subject to scrutiny by Parliament.
Tax experts said many would use this to bring black money and cash stashed in tax havens into the country.
The Supreme Court has sought details from the Allahabad High Court regarding controversial statements made by Justice Shekhar Kumar Yadav at a VHP function. The development comes amid calls for action against the judge for his remarks, which have been labeled as hate speech by some. The judge's statements were made at a VHP function on December 8, where he spoke about the Uniform Civil Code and the law working according to the majority. Several individuals and organizations, including lawyer Prashant Bhushan and CPI(M) leader Brinda Karat, have called for an inquiry into the judge's conduct and for his removal from judicial duties.
In FY24, the net income generated from Waqf properties fell to about Rs 1.26 crore from Rs 150 crore in FY20.
Accusing the Bharatiya Janata Party of spreading anarchy in the country on the coal block allocation issue, Coal Minister Sriprakash Jaiswal on Sunday said no one can force Prime Minister Manmohan Singh to resign till he enjoys the support of people.
A draft report of the Public Accounts Committee of Parliament has expressed shock that Department of Telecommunication has no monitoring mechanism to verify authenticity of the self-certification of the operators, deprecating "such a mindless arrangement made by the DoT to check the radiation level."
Politics over its critical reports on scams echoed in the 150th anniversary celebrations of the Comptroller and Auditor General on Wednesday when Bharatiya Janata Party leader and Public Accounts Committee Chairman Murli Manohar Joshi praised Finance Minister Pranab Mukherjee for defending both the CAG and the PAC when they came under attack.
The PAC's second draft report again targets Prime Minister Manmohan Singh and then Finance Minister P Chidambaram. However, Chidambaram gets more brickbats while Dr Singh, the report says, was 'misled' by then Telecom Minister A Raja. Our Correspondent reports from New Delhi.
The 2G controversy rocked Parliament's Public Accounts Committee meeting in New Delhi on Monday with opposition parties demanding that former director general (Audit) R P Singh be summoned and asked why he differs with the Comptroller and Auditor General on the quantum of loss. With differences persisting, the meeting was adjourned. The meeting scheduled for Tuesday has also been postponed reportedly as Chhath festival falls on that day.
Congress General Secretary, Digvijay Singh said on Friday that Bharatiya Janata Party president Nitin Gadkari should learn about parliamentary affairs and institutions before making comments.
Goa Leader of Opposition Manohar Parrikar on Wednesday told the state legislative assembly that it can be 'inferred' that Chief Minister Digambar Kamat might have been involved in illegal mining activities.
Pakistan's Public Accounts Committee (PAC) has asked the Pakistan Cricket Board (PCB) to learn financial management from the Board of Cricket for Control in India.
Maran was instrumental in changing the spectrum pricing while he was the Telecom Minister.
The government on Thursday unleashed an attack on Murli Manohar Joshi questioning his credibility, saying he was using the chairmanship of the Public Accounts Committee as a comeback vehicle to revive his "sagging" political fortunes.
Bharatiya Janata Party President Nitin Gadkari said on Thursday night the ruckus at the meeting of the Public Accounts Committee on the 2G spectrum scam represented a "black day" for the country's democracy and alleged that whatever happened there was done at the "direction" of Prime Minister Dr Manmohan Singh.
As Public Accounts Committee descended into chaos, the Congress on Thursday backed the "rejection" of the draft report on 2G scam by a majority of members of Parliament on the panel and held its Chairman Murli Manohar Joshi and Bharatiya Janata Party squarely responsible for the document containing "blatant falsehoods".
Charging Public Accounts Committee chairman Murli Manohar Joshi of having ''malafide intention'' of destabilising the government, the Congress and Dravida Munnettra Kazhagam leaders of the panel on Wednesday demanded his resignation over the draft report on the 2G spectrum scam.
Appears before PAC, admits voice in Radia tapes his, but denies influence over Cabinet formation.
Criticising Prime Minister Manmohan Singh for making a statement on the CAG report on coal block allocation in Lok Sabha, the Bharatiya Janata Party on Monday said it will continue to demand his resignation and boycott the "corrupt" government in Parliament.
The Supreme Court on Friday asked the Centre to provide information about the numbers and names reiterated by the apex court Collegium for appointment as judges in higher judiciary with reasons why they were not considered so far and at what level they were pending.
In an interview with CNN-IBN's National Bureau Chief Bhupendra Choubey, Public Accounts Committee Chairman Murali Manohar Joshi talks about the probe into the 2G spectrum scam and the government's flip flop on Comptroller and Auditor General report. Following is the transcript of the interview
Goa Assembly's Public Accounts Committee is understood to have expressed fears that if illegal mining in the state is not curbed, even the legal mines in Goa will face closure, highly-placed sources said.
Insisting that the controversy over the finance ministry note on 2G spectrum issue with inferences against P Chidambaram is not over, Bharatiya Janata Party on Monday said Finance Minister Pranab Mukherjee has bowed to wishes of the "head of the family" and asked him to clarify where he disagreed with it.
The Congress and the Bharatiya Janata Party have united in their demands, calling for the immediate resignation and arrest of P P Divya, a Communist Party of India-Marxist leader and district panchayat president, who leveled graft accusations against ADM Naveen Babu at his send-off function organised by colleagues at the Kannur district collectorate.
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
Defence Minister George Fernandes is once again in the eye of a storm and could become a subject of censure by the privileges committee.
The Congress enjoyed a majority in the PAC when Natarajan was part of the panel. It is believed that it was her dissent vote that saw the report on the 2G Spectrum case prepared by Bharatiya Janata Party leader Dr Murli Manohar Joshi being rejected.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
