Tag: Parliamentary panel

  • BJP MP wants probe into Waqf Bill feedback; Congress hits back

    New Delhi: BJP MP Nishikant Dubey has raised concern over nearly 1.25 crore submissions received by the parliamentary panel scrutinizing the Waqf (Amendment) Bill and has sought probe into the issue.

    The main Opposition, Congress, has slammed him for raising concerns, saying it clearly shows the ruling BJP does not believe in democracy.

    In a letter to committee’s chairperson Jagdambika Pal, Dubey said the probe must cover the possible roles of fundamentalist organizations and individuals like Zakir Naik, and foreign powers such as ISI, China and their proxies. Asked about the issue at a press meet at AICC headquarters here, Congress spokesperson Shaktisinh Gohil said: “They do not believe in democracy. If in such a big country, only 1.5% of the people express their opinion and they (BJP) are pained by it, then it is clear that they don’ I don’t believe in democracy.”

  • Inadequate funding to cultural our bodies: Parliamentary panel seeks financial assist from different sources

    Express News Service

    NEW DELHI: A parliamentary panel on transport, tourism and tradition has expressed dissatisfaction with budgetary allocation made to the cultural establishments together with the nationwide academies below the aegis of the tradition ministry. While it instructed that Akademis should increase its sources to grow to be sustainable and resilient, the Committee additionally said that the ministry ought to enhance the budgetary allocation to them to extend their effectivity and outreach.

    In its 351st report submitted in each Houses of Parliament on Monday, the Committee famous that finances allocation for the ministry is a mere 0.075 per cent of the whole finances, which is “grossly inadequate.” It additional noticed that international locations akin to China, the United Kingdom, the United States, Singapore and Australia spend roughly two-five per cent of their finances on the promotion of artwork and tradition.

    The 31-member Committee chaired by Rajya Sabha MP V Vijayasai Reddy additional advisable that the Akademis ought to discover the choice of Corporate Social Responsibility (CSR) led by funds for ‘protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art’.

    “In Committee’s view, a long-term guarantee of sustained funding will go a long way in creating a stable environment to implement ambitious plans. Artistic excellence can flourish only in good cultural infrastructure. Thus, the Committee feels that Private partners can also provide financial support through sponsorships, grants, donations, or investments under PPP (public-private partnership) mode,” learn the report.

    The panel additionally instructed that funding may be additionally managed by means of financial profit preparations of YouTube channels and OTT platforms. For extra funding, one of many options talked about within the report was holding fundraising occasions akin to auctions, live shows or cultural festivals.

    “The Committee, therefore, recommends that, in order to develop a strong sustainable cultural environment, Akademis need to take significant steps to attract investments from the Government and private sectors, to develop and maintain their cultural and social infrastructure. Akademis should start thinking outside the box with ‘imagination and a vision’ and draw up a plan to explore and draw up a plan to explore other suitable types of external financing,” said the report.

    The Committee made suggestions to formulate a uniform coverage for Akademis pertaining to the tenure of their chairman, president, election of the General Council and its functioning.

    It can be suggested to incorporate a Member of Parliament (MP) within the Governing Board of every Institution on the traces of association in All India Institute of Medical Sciences (AIIMS) or different organisations to help the working of Akademis.

    NEW DELHI: A parliamentary panel on transport, tourism and tradition has expressed dissatisfaction with budgetary allocation made to the cultural establishments together with the nationwide academies below the aegis of the tradition ministry. While it instructed that Akademis should increase its sources to grow to be sustainable and resilient, the Committee additionally said that the ministry ought to enhance the budgetary allocation to them to extend their effectivity and outreach.

    In its 351st report submitted in each Houses of Parliament on Monday, the Committee famous that finances allocation for the ministry is a mere 0.075 per cent of the whole finances, which is “grossly inadequate.” It additional noticed that international locations akin to China, the United Kingdom, the United States, Singapore and Australia spend roughly two-five per cent of their finances on the promotion of artwork and tradition.

    The 31-member Committee chaired by Rajya Sabha MP V Vijayasai Reddy additional advisable that the Akademis ought to discover the choice of Corporate Social Responsibility (CSR) led by funds for ‘protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art’.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );

    “In Committee’s view, a long-term guarantee of sustained funding will go a long way in creating a stable environment to implement ambitious plans. Artistic excellence can flourish only in good cultural infrastructure. Thus, the Committee feels that Private partners can also provide financial support through sponsorships, grants, donations, or investments under PPP (public-private partnership) mode,” learn the report.

    The panel additionally instructed that funding may be additionally managed by means of financial profit preparations of YouTube channels and OTT platforms. For extra funding, one of many options talked about within the report was holding fundraising occasions akin to auctions, live shows or cultural festivals.

    “The Committee, therefore, recommends that, in order to develop a strong sustainable cultural environment, Akademis need to take significant steps to attract investments from the Government and private sectors, to develop and maintain their cultural and social infrastructure. Akademis should start thinking outside the box with ‘imagination and a vision’ and draw up a plan to explore and draw up a plan to explore other suitable types of external financing,” said the report.

    The Committee made suggestions to formulate a uniform coverage for Akademis pertaining to the tenure of their chairman, president, election of the General Council and its functioning.

    It can be suggested to incorporate a Member of Parliament (MP) within the Governing Board of every Institution on the traces of association in All India Institute of Medical Sciences (AIIMS) or different organisations to help the working of Akademis.

  • Over 2,200 non-faculty posts mendacity vacant at AIIMS Patna: Parl panel

    The panel famous with “serious concern” the scarcity of college in addition to non-faculty workers within the six AIIMS.

    NEW DELHI: More than 2,200 non-faculty posts are mendacity vacant in AIIMS Patna, a Parliamentary panel has famous in a latest report.

    The panel took be aware of “substantial shortage” of college and non-faculty workers at six AIIMS – Bihar (Patna), Chhattisgarh (Raipur), Madhya Pradesh (Bhopal), Orissa (Bhubaneswar), Rajasthan (Jodhpur) and Uttaranchal (Rishikesh), and has requested the Union Health Ministry to make sure higher administration of human useful resource within the high medical institutes.

    The committee famous that in AIIMS Patna and Raipur, 143 school posts towards the sanctioned energy of 305 are vacant, which suggests that roughly 47 per cent of the posts in these two institutes are vacant. In AIIMS Jodhpur, 227 school posts are stuffed which is the best amongst all new AIIMS.

    In AIIMS Patna, towards the sanctioned energy of three,884 non-faculty posts, 2,202 posts are vacant, resulting in a emptiness of roughly 57 per cent.

    The panel famous with “serious concern” the scarcity of college in addition to non-faculty workers within the six AIIMS.

    “The committee is dismayed at the acute shortage of Professors/Additional Professor/Associate Professor/Assistant Professor in the six AIIMS and strongly recommends the Ministry to make immediate efforts and ensure better management of human resource in the institutes,” it mentioned a latest report.

    The committee additionally really helpful the well being ministry and the institutes to discover giving particular packages and provide incentives resembling paid analysis collaboration, use of high-end expertise, and higher working hours amongst others to attract certified docs to those institutes.
     

  • Diversity of spiritual teachings must be highlighted at school textbooks: Parl panel

    The committee burdened that native heroes, each women and men, who’ve been ignored through the years, must be highlighted with their contributions to the nation's historical past and unity.

  • Parliamentary panel on finance discusses information use insurance policies of Big Tech firms

    NEW DELHI : The Parliamentary standing committee on finance, led by Bharatiya Janata Party’s Jayant Sinha, on Tuesday met representatives of digital financial system companies and mentioned enterprise fashions as a part of its examine on the aggressive practices within the sector.

    The panel had a “constructive and congenial” discussion about digital economy, opportunities created for small businesses, investments by these new age companies and their revenue streams with the representatives of the companies, said a person familiar with the discussions, seeking anonymity. The companies will have to submit written answers to specific queries later, he added.

    The interaction with representatives of Big Tech companies will help the panel find out about ‘anti-competitive practices by Big Tech companies,’ according to information on the Lok Sabha website, and is one of the 12 key economic subjects taken up by the committee for a detailed study.

    The extensive and detailed recommendations submitted by the Sinha-led panel on bankruptcy reforms last year formed the basis for proposals to amend the Insolvency and Bankruptcy Code, which are being finalized.

    An email query sent to the panel seeking comments for the story remained unanswered till press time.

    Meta Platforms Inc, Microsoft Corp., Google LLC and Apple Inc. declined to comment for the story.

    The committee discussed issues such as the profitability of e-commerce platforms, extent of investments, data collected by social media networks from users, advertisement on social media platforms and types of business opportunities being created for small businesses by e-commerce platforms, the person said.

    “The revenue model and ad business of big tech have been at the centre of a number of CCI investigations,” mentioned Prasanto Okay. Roy, a expertise coverage marketing consultant.

    Many large tech firms are underneath Competition Commission of India (CCI)‘s lens for alleged anti-competitive practices. Investigations embody alleged advert bias and abuse of dominance by a search engine, promotion of manufacturers owned by an e-commerce platform that’s purported to be impartial, and a telephone maker allegedly abusing its dominant place as an app market supplier and forcing builders to make use of its proprietary fee system.

    When large tech firms are taken to regulators, issues haven’t gone properly for them, mentioned Roy. “The parliamentary panel might assist present some stability. This may even assist the Parliament look into competitors regulation by way of adequacy and implementation,” he mentioned.

    Policymakers are exploring the necessity for a brand new Digital Markets Act, or to introduce sure tips on information assortment and utilization within the Competition Act to control companies, Mint reported on 18 August.

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  • Cryptocurrencies can result in dollarisation of economic system: RBI officers to parliamentary panel

    By PTI

    NEW DELHI: Cryptocurrencies can result in “dollarisation” of part of the economic system which might be towards India’s sovereign curiosity, high officers of the RBI have informed a parliamentary panel, in line with sources.

    Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, high officers of the RBI, together with its governor Shaktikanta Das, clearly expressed their apprehensions about cryptocurrencies and mentioned these pose challenges to the steadiness of the monetary system, sources informed PTI.

    “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” a member of the panel quoted RBI officers as saying.

    Pointing out that cryptocurrencies have the potential to be a medium of change and change the rupee in monetary transactions each home and cross border, central financial institution officers mentioned these currencies “can replace a part of monetary system it will also undermine the RBI’s capacity to regulate the flow of money in the system”.

    Cautioning that moreover getting used for terror financing, cash laundering and drug trafficking, cryptos pose an even bigger menace to the steadiness of the monetary system of the nation, the central financial institution officers mentioned.

    “Almost all cryptocurrencies are dollar-denominated and issued by foreign private entities, it may eventually lead to dollarization of a part of our economy which will be against the country’s sovereign interest,” the officers informed the members.

    Discussing the impacts of cryptocurrency, the RBI officers mentioned it would even have a damaging influence on the banking system as these being engaging belongings individuals might make investments their hard-earned financial savings in these currencies which can end in banks having lesser sources to lend.

    In Union Budget introduced earlier this 12 months, Finance Minister Nirmala Sitharaman launched a tax on buying and selling in cryptocurrencies and associated belongings like non-fungible tokens (NFTs) at a flat 30 per cent and one per cent of tax will likely be deducted at supply (TDS) when any such transaction takes place.

    There are an estimated 15 million to twenty million crypto buyers in India, with complete crypto holdings of round USD 5.34 billion.

    No official information is on the market on the scale of the Indian crypto market.

    The Sinha-led panel which has former GST council head Sushil Modi, former Union Ministers Manish Tewari and Saugata Roy as its members have been holding complete deliberations with monetary regulators.

    As statutory our bodies, each RBI and SEBI report back to Parliament and the panel has the parliamentary accountability to name upon the officers of those regulators over the monetary and financial problems with the nation.

    Sinha, a move out of IIT Delhi and MBA from Harvard Business School, was the Minister of State for Finance throughout the earlier Modi authorities.

  • SEBI chairperson Madhabi Puri Buch prone to be questioned on NSE rip-off by parliamentary panel

    By PTI

    NEW DELHI: SEBI chairperson Madhabi Puri Buch will depose earlier than the parliamentary standing committee on finance on Tuesday over regulatory points regarding the capital market and is anticipated to be questioned concerning the latest NSE rip-off, sources mentioned on Sunday.

    The panel chaired by former minister of state for finance Jayant Sinha has known as Buch to deliberate upon regulatory points associated to preliminary public choices, worldwide monetary providers centres and alternate funding fund, in response to a discover issued by the Lok Sabha Secretariat.

    Sources within the committee mentioned members may also query the SEBI chairperson concerning the latest National Stock Exchange (NSE) rip-off by which a number of of its high officers together with former chief govt officers Chitra Ramakrishna and Ravi Narain are being investigated.

    When contacted Sinha mentioned that Buch has been known as by the parliamentary panel to deliberate upon the orderly functioning of the market within the latest volatility and turbulent movement of money.

    The committee, which has its members former prime minister Manmohan Singh, former Bihar finance minister Sushil Modi and several other lawyers-cum-politicians, amongst others, will query the SEBI chairperson over the latest rip-off within the NSE, the sources mentioned.

    Recently, the panel was awarded for being the most effective parliamentary committee.

    This would be the second assembly of SEBI officers with the parliamentary panel within the final week.

    They had additionally appeared earlier than the panel on March 30.