Pac

Finance Ministry has to submit details to the Parliament secretariat today. The PAC has asked for Sebi’s accounts, the CAG audit and internal observations for FY23 and FY24. Sebi chairperson Madhabi Buch is likely to be summoned when PAC meets next.

Parliament's PAC likely to probe Sebi chief Madhabi Buch, may summon her this month: Report

The Opposition has been calling for a probe against the Sebi chief who has denied the accusations made against her

Congress leader KC Venugopal to head PAC, 4 newly formed panels go to BJP

Public Accounts, Public Undertakings and Estimates committees are the key financial committees of Parliament tasked with keeping a watch on the government's accounts and the functioning of public sector firms.

US Polls: Musk-backed PAC under investigation for potential violations of Michigan laws

A PAC backed by billionaire Elon Musk is under investigation in Michigan for potential state law violations, according to the Michigan secretary of state's office. Musk claims he has not pledged support to any candidates.

PACS may be allowed to sell petroleum products, run PDS shops

In addition to their traditional duties, the Center has proposed allowing primary agriculture credit societies (PACS) to operate PDS shops, sell petroleum products, build hospitals, and run educational institutions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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