Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
The Lokpal Bill will come up for scrutiny by the Parliamentary Standing Committee for the first time on September 7.
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.
The turf war over 2G Scam inquiry has refused to die down with the Joint Parliamentary Committee planning to discuss on Thursday whether the Public Accounts Committee, chaired by senior Bharatiya Janata Party leader Murli Manohar Joshi, has gone beyond its mandate.
The draft report of the Joint Parliamentary Committee on 2G scam is critical of the decision taken by the then National Democratic Alliance government to grant concessions to telecom operators over non-recovery of "huge amount" of licence fee despite opposition by then Telecom Minister Jagmohan.
At a time 20-odd opposition parties, many of them regional rivals, joined forces over the Adani issue, Nationalist Congress Party supremo Sharad Pawar's open support for industrialist Gautam Adani has put a question mark on the durability of a non-Bharatiya Janata Party block in the run-up to the 2024 parliamentary elections.
Parliamentary Affairs Minister Pawan Kumar Bansal on Saturday said Public Accounts Committee chairman Murli Manohar Joshi had no right to submit the draft report on the 2G scam to Lok Sabha Speaker Meira Kumar as it was 'rejected' by a majority of the committee's members.
According to an analysis by PRS Legislative Research, 172 bills were discussed and passed during the term of 17th Lok Sabha, of which 86 bills in the Lok Sabha and 103 bills in the Rajya Sabha were discussed for less than two hours each.
The issues listed by Gandhi include Centre-state relations, rise in cases of communal tension, border transgressions by China and the demand for a joint parliamentary committee (JPC) to investigate the transactions of the Adani business group in light of several revelations.
What some of our leaders were up to over the weekend...
It rejected Mann's apology saying his statements to the panel were contradictory with the MP from Sangrur denying the charge that he had breached Parliament's security arrangements.
The Lower House of Parliament took up the Demands for Grants and Appropriation Bills after two adjournments as the ruling and Opposition MPs engaged in a matching duet over demands for an apology by Rahul Gandhi and the Adani issue.
Concerned over the exploitation of credit card holders, a parliamentary committee has suggested that the Reserve Bank of India should prescribe maximum interest rate that can be charged by banks from customers.
Although the CPI-M has emphasised that the railway panel's post is its top choice, Congress floor managers have already conveyed to the comrades that 'it will be difficult' to fulfil their dreams. The CPI-M is likely to get the chairman's seat in the Standing Committee on coal and steel or energy.
The parliamentary committee on HRD in its 221st report has said the states will not be able to meet their share for Right To Education Act.
Supporting death penalty for hijackers, a parliamentary committee has said capital punishment must be awarded to conspirators and abettors whose actions result in death of hostages or security personnel. At the same time, it raised questions as to whether opportunities for any negotiation or settlement to save lives would be foreclosed if the hijackers knew they would in any case get capital punishment for the offence.
Opposition parties on Thursday agreed to jointly raise the issue of allegations of fraud against the Adani Group in Parliament but were yet to agree on the mode of inquiry into the Gujarat-based corporate major.
'Losers who cannot influence people even in their own party keep cribbing that the entire world is controlled by the BJP and RSS'
This will be the first time that the Congress, since its ouster from power in 2014, will get the post of Leader of Opposition in the Lok Sabha. It failed to get the position in the past 10 years as its tally was below the requisite 10 per cent of total seats in the House, both in 2014 and 2019.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
The first meeting of the Joint Parliamentary Committee on pesticide residues in safety standards for soft drinks, fruit juices and other beverages will be held on Tuesday.
'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.'
Karra, who became the J&K Congress chief last Friday replacing Vikar Rasool Wani, said a call is already there for all secular parties who are opposed to the "hegemonic attitude" of the BJP to unite.
The committee, headed by Rajya Sabha MP Sitaram Yechury, recommended that caution should be taken to retain the original glory of the Taj which is turning yellow day by day.
A Parliamentary Committee on Defence asked the Army on Thursday, to take a leaf out of the Navy and the Air Force to abolish the "demeaning and humiliating" practice of employing jawans as sahayaks of officers.
Some of them also flagged a lack of consultation before finalising the reports.
The Joint Parliamentary Committee has given a clean chit to Prime Minister Manmohan Singh on 2G spectrum allocation, saying he was "misled" by the then Telecom Minister A Raja whose assurances stood "belied".
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.
Raising the issue in the Rajya Sabha, Leader of the Opposition Jaswant Singh made a demand for a probe by a House Committee into the Rs 7,800 crore (Rs 78 billion) fraud.
Tharoor put the blame for the logjam in Parliament on BJP and accused the saffron party of reducing the "temple of democracy to a rubber stamp for its agenda or worse, a notice board to announce its unilateral decisions".
The People's Democratic Party and the National Conference -- the two Indian National Developmental Inclusive Alliance (INDIA) partners in Jammu and Kashmir -- will be taking on each other on the three Lok Sabha seats in the valley.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
In the second major decision to end the UPA government's legacy, Prime Minister Narendra Modi on Tuesday scrapped four cabinet committees, including one on Unique Identification Authority, as part of his efforts to minimise decision-making processes.
Slamming the Defence Ministry over the nine-year delay in awarding contract to French firm Thales to build six Scorpene submarines in Mumbai, a Parliamentary Committee on Wednesday said the indecisiveness resulted in cost overruns and undue favour to the vendor, besides adversely impacting Navy's operational preparedness.
The parliamentary affairs minister also said the productivity of Lok Sabha was around 82 per cent and that of Rajya Sabha around 48 per cent.
Pakistan Cricket Board (PCB) chairman Ejaz Butt resisted a call for his resignation on Wednesday during a parliamentary committee hearing into PCB affairs and the national team's poor performance on their tour to Australia. Head of the parliamentary committee Jamshed Dasti told media he has asked the 71-year-old Butt to resign and let Pakistan cricket move forward under a young leadership.
Comptroller and Auditor General Vinod Rai on Monday appeared before the Joint Parliamentary Committee, which is probing the 2G spectrum scam, to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore. Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.
The government is yet to set up a Joint Parliamentary Committee to look into the issues of farmers' suicides despite eight months having been passed since this proposal was agreed to in Parliament.
The Union home ministry has recommended the special CAG audit taking note of a May 24 letter by Lieutenant Governor V K Saxena which pointed out 'gross and prima facie financial irregularities' in the 'reconstruction' of the chief minister's official residence, they claimed.
A media report in London said the British defence secretary gave 'misleading' evidence to a parliamentary committee on the controversial dossier.
