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RBI says doesn't know exact number of scrapped notes

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 to reduce transaction cost on online payments: RBI to PAC

Working to reduce transaction cost on online payments: RBI to PAC

RBI on Friday informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments even as the meeting was stalled for a while as BJP members protested Chairman K V Thomas' statement on demonetisation.

Cash flow to normalise soon: Urjit Patel

Cash flow to normalise soon: Urjit Patel

Reserve Bank of India Governor Urjit Patel on Friday is learnt to have said that cash flow in the country will normalise soon.

Demonetisation row: After BJP's objections, PAC says PM Narendra Modi will not be summoned on notes ban

Demonetisation row: After BJP's objections, PAC says PM Narendra Modi will not be summoned on notes ban

Virtually rejecting its Chairman K V Thomas' view, the Public Accounts Committee of Parliament Friday decided that the Prime Minister will not be called before it after BJP members strongly objected to the Congress leader's remarks that he may be asked to appear over the demonetisation issue.

PAC mulling whether hearings can be opened to media: Thomas

A sub-committee of Parliament's Public Accounts Committee (PAC) is studying whether the proceedings of the key panel should be opened for media to "ensure more transparency" in its functioning.

House panel may summon PM Modi on note ban issue and ask these questions

House panel may summon PM Modi on note ban issue and ask these questions

Prime Minister Narendra Modi may have to meet the Public Accounts Committee (PAC) of Parliament on the issue of demonetisation if the panel decides that the explanations given by top finance ministry officials and the RBI Governor Urjit Patel are are inadequate.

Parliamentary committee to question RBI governor Urjit Patel on cash crunch

Parliamentary committee to question RBI governor Urjit Patel on cash crunch

A parliamentary committee, probing the government`s decision to scrap high-value bank notes, has sent the country`s central bank governor a list of questions on the demonetisation process and asked him to appear before it on January 20.

PAC takes up CAG report on AgustaWestland issue

Public Accounts Committee (PAC), headed by Congress member KV Thomas, has taken up the CAG report on the contentious AgustaWestland issue apart from going into over half-a-dozen other defence-related issues.

BJP drops Ahluwalia from PAC, Congress in minority in key panel

BJP drops Ahluwalia from PAC, Congress in minority in key panel

Congress will be in minority in the 22-member panel (15 from Lok Sabha, 7 from Rajys Sabha) whose composition is decided by respective strength of the parties in both houses of parliament.

Shillong Airport project: PAC summons Meghalaya CS, state officials

The committee has summoned Chief Secretary Kropha, Deputy Ri-Bhoi district Deputy Commissioner Pooja Pande besides top officials from the departments of Revenue, Transport and PWD (Building).

Public Accounts Committee of Parliament to take up AgustaWestland issue

Public Accounts Committee of Parliament to take up AgustaWestland issue

Public Accounts Committee of Parliament headed by senior Congress leader K V Thomas, which was reconstituted this week, is likely to take up the contentious AgustaWestland case, an issue which has created a political firestorm both within and outside Parliament.

Parliamentary panel to study fire mishaps in rail coaches

Short circuit, poor maintenance and lack of awareness are major reasons of fire in trains, the Comptroller and Auditor General has said in its report on Railways.

PAC to submit its report on 2G scam

The 2G radiowave allocation scam is set to hog the limelight again as Public Accounts Committee has decided to submit its report on the controversial issue to Parliament based on the "in depth" discussions held by the panel then headed by Murli Manohar Joshi.

Parl panel seeks blueprint for advanced railway e-ticketing system

A parliamentary committee has asked the Railways to submit a blueprint for its plan to implement the new generation advanced e-ticketing system under which seven lakh tickets could be booked per day.

Ensure fulfilment of Clean Ganga Mission by 2020: PAC to govt

Noting "systematic" deficiencies in efforts to restore the Ganga to its pristine form, a parliamentary panel has urged the government to take steps for the effective implementation of the National Ganga River Basin Authority (NGRBA) and ensure that the Clean Ganga Mission gets "fructified" by 2020.

PAC recommends ban on sewage treatment at mouth of rivers

Observing serious structural lacunae and weakness in legislative framework, a Public Accounts Committee (PAC) has recommended a ban on sewage treatment at the mouth of rivers and called for creating a consolidated legislative framework to curb water pollution.

Rs 8,900 cr in taxes pending against LIC, SBI, BSNL: Panel

Pulling up Revenue Department for its "inefficiency" in tax recovery, a Parliamentary panel has said that nearly Rs 8,900 crore is pending against just three public sector companies, LIC, SBI and BSNL.

KG Basin, MNREGA among issues to be examined by PAC

Pending reports on KG Basin, UPA's flagship rural employment scheme MNREGA and indigenous construction of warships are among the 41 subjects selected by Parliament's key Public Accounts Committee for examination in the coming days, though it has skipped the 2G issue.

After losing out on LoP, Congress gets post of PAC chief

Senior Congress leader KV Thomas was Wednesday made the new head of Parliament`s Public Accounts Committee (PAC), a prestigious panel which examines CAG reports after they are tabled in Parliament.

KV Thomas takes over a new PAC Chairman

Senior Congress leader KV Thomas on Wednesday over as the new Chairman of Parliament`s Public Accounts Committee.