Amid furore over coal blocks allocation, the government will place its views before Parliament's Public Accounts Committee by September 14 on the observations made by the Comptroller and Auditor General. "The coal ministry will submit its comments to the PAC on CAG's observations on coal blocks allocations by September 14," said a top coal ministry official.
Former Union minister and senior Bharatiya Janata Party leader Murli Manohar Joshi is likely to become the next chairman of the Parliamentary Public Accounts Committee while Yashwant Sinha will replace him as head of the Standing Committee on Finance, BJP sources said.
The chiefs of Army, Navy and Air Force have been called on January 12 by the PAC for a hearing on the committee on Canteen Stores Department based on the audit report, which has pointed out irregularities in the supply chain management of rations in the Army.
Comptroller and Auditor General Vinod Rai on Monday briefed the Public Accounts Committee about his report in the 2G spectrum allocation. His report on a presumptive loss of Rs 1.76 lakh crore in 2G spectrum allocation had created a storm in Parliament and outside. The PAC, headed by Bharatiya Janata Party veteran leader Murli Manohar Joshi, is examining the controversial allocation of 2G radio waves and Rai apprised the committee of how the audit looked into the whole issue.
Was the prime minister's offer to appear before the Public Accounts Committee 'precedent' an afterthought? Looks like it, if one were to go carefully through the press handout being distributed at the media centre at the Congress plenary in New Delhi.
The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
Congress president Mallikarjun Kharge has called for tough decisions and unity within the party after the Congress suffered electoral defeats in Maharashtra and Haryana. In a meeting with top party leaders, Kharge highlighted the need to strengthen the organization from the grassroots, fix accountability, and address internal bickering. He also urged leaders to remain united and avoid public criticism of each other. The Congress chief expressed concern over the party's performance in state elections despite a strong showing in the Lok Sabha polls earlier this year. He acknowledged the need to learn from the setbacks and improve the party's strategy and communication to counter its rivals' propaganda.
Against the backdrop of a CBI prosecutor in 2G case allegedly being caught on tape sharing legal strategy with an accused, members of a Parliamentary panel on Wednesday raised questions on the credibility of the investigation agency and its probe in the case.
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.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6 per cent upper limit for the three consecutive quarters. "Yes sir, RBI has furnished a report to the central government, as mandated under Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI Monetary Policy Committee and Monetary Policy process Regulations, 2016," minister of state for finance Pankaj Chaudhary said in a written reply. The said provisions of the RBI Act, 1934, and regulations therein does not provide for making the report public, he said.
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.
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.
Tax experts said many would use this to bring black money and cash stashed in tax havens into the country.
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.
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.
The Bharatiya Janata Party on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.
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.
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.
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.
IOA president P T Usha on Sunday slammed the revolting executive council members, saying they 'seem more focused on self-serving power play and monetary gain'
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.
He said the multi-party committee formed by the Speaker in Himachal Pradesh would discuss all issues about street vending on October 3. Singh's remarks came a day after the Congress top brass chided him over his remarks on mandatory display of names by the street vendors and told him that no one was allowed to go against the party's policies and ideologies.
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 Reserve Bank on Wednesday approved a Rs 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.
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
