2G scam: 11 MPs demand rejection of draft PAC report

The draft indicts the prime minister and the PMO for giving an "indirect green signal" to Mr Raja for going ahead with his policies. It also attacked the then finance minister P Chidambaram for recommending to the prime minister to "treat the matter as closed" instead of taking action against those responsible for loss to the exchequer

New Delhi: Eleven MPs, including one each from SP and BSP, today demanded rejection of the draft Public Accounts Committee (PAC) report on the second generation (2G) spectrum scam which has indicted former telecom minister A Raja and made critical observations about prime minister Manmohan Singh and former finance minister P Chidambaram, reports PTI.

At the meeting of the 21-member committee, convened to discuss the draft report, nine members belonging to the ruling UPA-seven Congress, two DMK-and one each from SP and BSP opposed its adoption, committee sources said.

They said the members voiced their views and gave in writing to chairman Murli Manohar Joshi that the draft report be rejected.

After three hours of deliberations, Mr Joshi found the going tough and adjourned the proceedings till 4pm when the issue may be put to vote.

In case of lack of consensus in committee meetings, rules of procedure and conduct of business in Lok Sabha provide that all questions at any sittings of the committee shall be determined by a majority of votes of the members present and voting.

The draft report indicts the prime minister and the prime minister's office (PMO) for giving an "indirect green signal" to Mr Raja for going ahead with his policies.

The draft report also attacked the then finance minister P Chidambaram for recommending to the prime minister to "treat the matter as closed" instead of taking action against those responsible for loss to the exchequer.

The voluminous report had some unpleasant words for Mr Singh, who had kept his office at "arm's length" in 2G spectrum issue which helped Mr Raja "to execute his unfair, arbitrary and dubious designs".

During the meeting, UPA members expressed concern over leakage of the draft report. Congress and DMK members demanded voting to decide whether the report should be submitted to Lok Sabha.

The meeting began with members cutting across party lines discussing the leakage of the draft report which was circulated to the Parliamentary Committee by chairperson Murli Manohar Joshi. Some members said this was a matter of ethics and suggested that CBI should investigate it.

Sources said though there were major differences between members the meeting was held in a cordial atmosphere.

Mr Joshi reportedly gave each member the opportunity to express his views.

The strength of the two sides is delicately balanced in the 21-member committee which has seven representatives from the Congress, four from BJP, two each from AIADMK and DMK, and one each from Shiv Sena, BJD, JD (U), SP, BSP and CPI (M).

Rules state that in case of all financial reports if the majority in the committee decides against presentation of the report to the speaker, the chairperson has to go by this decision.

The Congress and DMK had yesterday attacked Mr Joshi over the report and demanded his resignation, alleging that he was trying to destabilise the government.

The controversial distribution of licences and spectrum was taken by the DMK representative in the Cabinet on 10 January 2008, which the Comptroller and Auditor General (CAG) had estimated a presumptive revenue loss of over Rs1.76 lakh crore.

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COMMENTS

Dinesh

6 years ago

From Sanctions of CWG funds, 2G, backdoor S.BAND etc…every Murky, Anti National deals and Loot links to PMO Office. After Scams and Loot, on CAG PAC reports Congress-DMK is behaving like PAK Politicians to Indian Dossiers on 26/11 thinking CAG, PAC, JPC is Party’s appointed spokespersons who would come out any time for Cover up and Fool the Nation on their crime. The same drama would be carried out on JPC report and JAN LOKPAL BILL in future. SC must appoint SIT to investigate PMO and investigate SP, BSP for Rs 2 lakh crore Food Scam whom Congress Black Mails and use them for EVIL purpose. COME ON BJP, IT'S TIME TO LOCK PARLIAMENT AGAIN AND THIS TIME PLEASE DON'T LET IT RUN TILL THE PRESIDENT DECLARES FRESH ELECTIONS. GREEDY CONGRESS, DMK, SP, BSP MUST GO.

Hexaware reports net profit of Rs53.83 crore for March quarter

Hexaware Technologies reported a consolidated net profit of Rs53.83 crore for the quarter ended 31 March 2011, vis-a-vis the same period last year

Software services firm Hexaware Technologies today reported a consolidated net profit of Rs53.83 crore for the quarter ended 31 March 2011, vis-a-vis the same period last year.

The company had registered a net profit of Rs11.55 crore in the same period a year earlier, Hexaware Technologies said in a filing to BSE.

Income from operations of the company rose to Rs318.5 crore in the January-March quarter from Rs221.9 crore in the same period last year, it added.

In a separate filing to the stock exchange, Hexaware said that a meeting of the board of directors of the company will be held on 6th May for declaration of an interim dividend.

On Thursday, Hexaware ended 1.55% down at Rs69.95 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.81% to 19,292.02.

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LIC Housing Finance Q4 net profit increases to Rs314.77 crore

LIC Housing Finance reported fourth-quarter stand-alone net profit of Rs314.77 crore, up from Rs213.51 crore for the quarter ended 31 March last year

LIC Housing Finance Ltd reported fourth-quarter stand-alone net profit of Rs314.77 crore, up from Rs213.51 crore for the quarter ended 31 March last year. Total revenue increased to Rs1,391.92 crore from the Rs967.74 crore in the corresponding quarter of the preceding year.

The company said its board recommended a dividend of Rs3.50 per equity share of Rs2 each for the fiscal year 2011.

On Thursday, LIC Housing ended 1.14% down at Rs225.30 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.81% to 19,292.02.

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