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  • BJP seeks cancellation of Mukul Roy's nomination for PAC Jun 24, 2021 10:30 PM IST

    BJP seeks cancellation of Mukul Roy's nomination for PAC

    Mukul Roy was among the 20 MLAs who filed nominations for memberships of the Public Accounts Committee (PAC) of the West Bengal assembly on Wednesday amid speculations that he may be appointed its chairman.

  • Govt brings ordinance for pre-packaged insolvency resolution of MSMEs under IBC Apr 05, 2021 09:10 AM IST

    Govt brings ordinance for pre-packaged insolvency resolution of MSMEs under IBC

    The ordinance aims to make insolvency resolution easier, faster and cost-effective for MSMEs using the ‘pre-pack’ process. It will act as an efficient alternative insolvency resolution process for MSMES under the IBC.

  • Gold import scheme: PAC sub-committee for probe by CBI, ED into 35 jewellers Mar 27, 2018 07:48 PM IST

    Gold import scheme: PAC sub-committee for probe by CBI, ED into 35 jewellers

    The members of the panel felt that like fugitive diamantaire Nirav Modi and owner of Gitanjali Gems Mehul Choksi, these jewellers misused the scheme for money laundering and that they should be investigated for violation of the Prevention of Money Laundering Act, a member of the panel said on condition of anonymity.

  • AAP suspends Kapil Mishra from party's primary membership May 08, 2017 11:02 PM IST

    AAP suspends Kapil Mishra from party's primary membership

    The decision was taken by its high-powered Political Affairs Committee (PAC) chaired by Chief Minister Arvind Kejriwal at his official residence, capping a dramatic turn of events pertaining to the AAP chief's financial probity.

  • PAC finds irregularities in award of ad contracts in railways Apr 12, 2017 10:15 AM IST

    PAC finds irregularities in award of ad contracts in railways

    The Public Accounts Committee (PAC) in its latest report has noted the irregularities in award of contract of advertisements on a first come, first served basis which was prevailing in the Mumbai division for the last 25-30 years.

  • Lavasa City owes Pune Rs 4 crores in land tax Mar 20, 2017 05:00 PM IST

    Lavasa City owes Pune Rs 4 crores in land tax

    The Public Accounts Committee (PAC) of the Maharashtra assembly has pointed out that Lavasa City Corporation‘s various tax liabilities in Pune district, included Rs 3.97 crores of land tax. The company had purchased 214 &#82

  • Report on demonetisation's impact next month: Par panel Mar 07, 2017 06:18 PM IST

    Report on demonetisation's impact next month: Par panel

    A key Parliamentary panel is likely to submit its report on the impact of demonetisation next month after reviewing various submissions, including by RBI Governor Urjit Patel.

  • PAC calls heads of public sector banks to discuss bad loans Feb 21, 2017 07:20 PM IST

    PAC calls heads of public sector banks to discuss bad loans

    Concerned over mounting bad loans, the Public Accounts Committee (PAC) has called the heads of public sector banks to explain issues relating to NPAs, including the loans given to Vijay Mallya-led firms.

  • Demonetisation will widen tax base, Finance Ministry tells PAC Jan 22, 2017 11:38 AM IST

    Demonetisation will widen tax base, Finance Ministry tells PAC

    Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.

  • RBI says doesn't know exact number of scrapped notes Jan 20, 2017 07:30 PM IST

    RBI says doesn't know exact number of scrapped notes

    More than 72 days after demonetisation, the Reserve Bank of India (RBI) has said it still does not know the "exact number" of junked currency notes that were in circulation and it is still "reconciling" the number of notes that were deposited back.

  • Working on ways to reduce transaction cost: RBI tells PAC Jan 20, 2017 05:40 PM IST

    Working on ways to reduce transaction cost: RBI tells PAC

    RBI today informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments post demonetisation even as cash flow position in urban as well as rural areas have improved significantly.

  • Demonetisation: PAC to call RBI Guv in Jan to review eco impact Dec 01, 2016 02:58 PM IST

    Demonetisation: PAC to call RBI Guv in Jan to review eco impact

    The decision to call RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das was taken unanimously by all the members of the Committee, headed by senior Congress leader K V Thomas.

  • Heineken may soon take management control of UBL: Sources Feb 03, 2016 06:12 PM IST

    Heineken may soon take management control of UBL: Sources

    Post the deal, Heineken is likely to reshuffle the entire United Breweries board.

  • With loans running over Rs 6L cr, PAC to examine bank NPAs Jul 21, 2015 09:14 AM IST

    With loans running over Rs 6L cr, PAC to examine bank NPAs

    The non-performing assets (NPAs) accumulated by nationalised and scheduled banks, that stand at over Rs six lakh crore, would be examined by the Public Accounts Committee of the Parliament, PAC Chairman K V Thomas said.

  • PAC raises questions on UMPP allocation process Apr 29, 2015 07:44 PM IST

    PAC raises questions on UMPP allocation process

    PAC has raised concerns with regard to the appointment of the bid process management consultant. The report adds that EY was unduly favoured as the said consultant, when Icra was the lowest bidder.

  • AAP reconciliation talks fail Mar 26, 2015 10:24 PM IST

    AAP reconciliation talks fail

    In an open letter to Kejriwal two days ahead of AAP's crucial national council meeting, Bhushan and Yadav said the the message conveyed to them during reconciliation talks was that either they should resign gracefully or face removal from the national executive.

  • AAP rift escalates, Kejriwal terms it ugly battle Mar 03, 2015 09:29 PM IST

    AAP rift escalates, Kejriwal terms it ugly battle

    On the other hand, Kejriwal's camp launched an all out attack on the Bhushans. Ashish Khetan, a key member of the AAP's Delhi unit, accused party patron Shanti Bhushan and his son and daughter - Prashant and Shalini - of wanting to control all the wings of the party.

  • PAC seeks details from Telecom Min on charges against Trai Oct 25, 2013 09:23 PM IST

    PAC seeks details from Telecom Min on charges against Trai

    The NGO Telecom Watchdog, a co-petitioner in 2G spectrum case before the CAG, has on September 11 written to CAG and also marked the same to some Members of Parliament. The NGO has alleged that the govt is misusing immunity given to TRAI to pass on benefits worth Rs 1 lakh crore to incumbent players.

  • Flood situation worsens in UP Sep 01, 2013 08:54 PM IST

    Flood situation worsens in UP

    The flood situation turned grim in Uttar Pradesh with major rivers in the state flowing above the red mark even as dry weather conditions today prevailed in some parts of the North.

  • After Google, Amazon to be grilled on UK tax presence May 17, 2013 05:08 PM IST

    After Google, Amazon to be grilled on UK tax presence

    Following search giant Google, Amazon will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill

  • UK lawmakers set date for Google, E&Y tax grilling May 10, 2013 09:04 AM IST

    UK lawmakers set date for Google, E&Y tax grilling

    A panel of UK lawmakers will next week grill representatives from Google Inc and its auditor, Ernst & Young, following a Reuters report that highlighted inconsistencies in Google's statements about its UK activities

  • CAG row: Sonia says BJP exposed, govt demands answers Nov 23, 2012 02:10 PM IST

    CAG row: Sonia says BJP exposed, govt demands answers

    The comments by a former official of CAG over the report on 2G spectrum allocation today kicked up a row with Congress President Sonia Gandhi suggesting that BJP had been exposed while the government demanded answers from Parliament's PAC chief MM Joshi over his alleged role.

  • Starbucks, Amazon and Google to face UK lawmakers over tax Nov 12, 2012 08:30 AM IST

    Starbucks, Amazon and Google to face UK lawmakers over tax

    UK lawmakers will quiz executives of Starbucks , Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here.

  • Govt to place views on coal blocks before PAC by Sept 14 Sep 07, 2012 11:00 AM IST

    Govt to place views on coal blocks before PAC by Sept 14

    Amid furore over coal blocks allocation, the government will place its views before Parliament's Public Accounts Committee (PAC) by September 14 on the observations made by CAG.

  • Plan properly before any investor scheme: Par panel to Sebi Aug 30, 2012 08:42 PM IST

    Plan properly before any investor scheme: Par panel to Sebi

    A Parliamentary committee has asked market regulator Sebi to do 'proper advance planning' before any new scheme, so that investors' money is not wasted on programmes that are launched in haste and abandoned later.

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