A meeting of floor leaders of opposition parties discussing the Adani issue last month. file | Photo Credit: ANI
Congress will demand continues For investigation by Joint Parliamentary Committee (JPC) Hindenburg-Adani revelations In the second part of the budget session starting on Monday. Meanwhile, the Trinamool Congress (TMC), the second largest opposition party in Parliament, has taken a diametrically opposite stand, calling the JPC a futile exercise.
Congress General Secretary (Communications) Jairam Ramesh said, “We stand by our demand for a JPC, which is the only way to unearth the full dimensions of the Adani Maha mega scam involving the Prime Minister.” Hindu,
At a press conference held on March 2, coinciding with the announcement of the Supreme Court-appointed committee to probe violations of SEBI laws and regulations, Mr. Ramesh had said that “any committee other than the JPC is an exercise in legality and impunity”. .
brute force
Meanwhile, the TMC has taken a stand that the JPC probe would be insufficient. TMC’s Rajya Sabha Parliamentary Party leader, Derek O’Brien, argued that for the JPC, the chairman would be decided by the Speaker of the Lok Sabha and the Chairman of the Rajya Sabha and the members of each party according to their numbers in Parliament. , “It tilts these committees toward the ruling majority because of their numbers in the Houses,” Mr. O’Brien said.
In almost every JPC, a consensus is never reached on the final report and opposition amendments are often defeated on the basis of brute force. He also cited previous examples from 1987 and 2001 where he claimed that the JPC probe was ineffective. on JPC of 1987 bofors scamMr O’Brien said the panel’s recommendations were neither accepted nor implemented. Similarly, in the investigation of the stock market scam of 2001, the recommendations of the JPC, though adopted, were subsequently diluted.
At the same time, TMC said that the government has not yet answered questions about putting the savings of the common man invested in State Bank of India (SBI) and Life Insurance Corporation (LIC) at risk. Mr. O’Brien pointed out that with the fall in Adani Group’s shares, LIC Reportedly lost over ₹20,000 crore of investment value ₹36,000 crore out of its total holding. SBI owes ₹27,000 crore to this group. “LIC-SBI issue is independent of Adani issue. And it’s very much alive,” Mr. O’Brien said.
The session will continue in the old Parliament House as the new building designed by Gujarat-based architect Bimal Patel is still incomplete.