CNBC-TV18's Rituparna Bhuyan caught up with the Head of Parliamentary Standing Committee on Finance, Veerappa Moily. Moily said that government response to NPA issue is absolutely inadequate.
Moily, who had yesterday targeted the Centre for growing non-performing assets (NPAs), sought to pay the Minister back in the same coin, saying the rise was mainly due to "mismanagement of banks" by Modi dispensation.
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
Nearly two-thirds of users of moneycontrol‘s message board say the RBI‘s admission that government 'advice' had prompted move to junk popular bank notes has undermined its credibility as an institution
The Committee had observed that role and responsibilities of the erstwhile Planning Commission, wherever found relevant and useful, could be gainfully institutionalised with greater result orientation.
Lok Sabha Speaker Sumitra Mahajan has referred the Bill to the Standing Committee on Finance, which is chaired by senior Congress leader Veerappa Moily.
The government had yesterday increased excise duty on petrol by Rs 0.30 per litre and by Rs 1.17 a litre on diesel to make use of slump in oil prices to garner an additional Rs 2,500 crore.
The NDA government has proposed some changes to the 2013 Land Act through an ordinance in December last year. The bill to replace the ordinance was passed by Lok Sabha but could not be put to vote in the Rajya Sabha where the BJP is in minority. Hence, the ordinance was re-promulgated twice.
The Appropriations Bill will be taken up on Wednesday. The Constitutional Amendment Bill to facilitate GST may be taken up next week. But there's no forward movement on the land acquisition bill which could be put off for the next session.
Congress leader Veerappa Moily also criticises the governor's decision to stay steady on rates.
While Bansal will contest from Chandigarh, the constituency which he currently represents in the Lok Sabha, Petroleum Minister Veerappa Moily will be contesting from Chikkballapur in Karnataka.
We sift through some of major things that were said through week and bring you a collection of the best quotes from politicians, market-men, sportspersons and business people.
Delhi chief minister Arvind Kejriwal has also written a letter to Prime Minister Manmohan Singh demanding action.
"The complaint and each of the allegations on the basis of which the Delhi government has taken such action are completely baseless and devoid of any merit or substance whatsoever," RIL said.
In a move that could bring prices of CNG and PNG by as much as 30 percent and 20 percent respectively, the government on Monday said it would divert greater allocation of cheaper domestically-produced natural gas to fuel retailers while cutting off supplies to non-core sectors such as refineries and steel.
Oil Minister M Veerappa Moily said the government has decided to raise allocation of natural gas from domestic fields to city gas entities to 100 percent from current limit of 80 percent.
Since taking the additional environment portfolio on December 24, he has given his go-ahead to projects worth some USD 40 billion, including Posco's USD 12.6 billion steel plant and forest clearances for India's first major hydropower projects in the wilderness state of Arunachal Pradesh, near a contested border with China.
All India Congress Committee vice president Rahul Gandhi had demanded the same in a public forum just a few days ago.
Rahul appealed to "the Prime Minister to raise the bar of LPG usage from nine cylinders to 12 cylinders,â€ and Veerappa Moily jumped in and said "aye, aye sir."
A CNBC-TV18 poll sees CPI in double digits at over 10 percent, but lower than last month's reading of 11.24 percent.
Moily, who last week said there was no proposal to increase the quota, today said he will consult Finance Minister P Chidambaram and move the Cabinet Committee on Political Affairs (CCPA) on the issue.
"An underwater project to bring natural gas directly from the Middle East to India being developed by a global consortium led by SAGE may be examined for consideration of grant to support the project," Assocham said in a letter to Petroleum & Natural Gas Minister Veerappa Moily.
"Nine subsidised cylinders a year covers 90 percent of the consumers. Only 10 percent are left without subsidy", Veerappa Moily said.
It has been 72 hours since he took charge but the promised 700 litres free water per day is yet to reach the 'aam aadmi'.
Union Minister Veerappa Moily dismissed suggestions that there will be conflict of interest as he handles the portfolio of petroleum which requires lots of green clearances from the Environment Ministry.