JPC on 2G spectrum scam to meet on 24th March

The 30-member JPC, which has been asked to give its report on the issue by the end of the next session of the Parliament, was formed earlier this month after a prolonged stalemate in both the Houses over the 2G scam

New Delhi: The Joint Parliamentary Committee (JPC), constituted to probe the second generation (2G) spectrum allocation scam, will hold its first meeting on 24th March, reports PTI.

"The first meeting of the JPC will be held on 24th March," the panel chairman PC Chacko told PTI today.

The meeting would finalise the committee's roadmap, including witnesses to be called and documents to be sought.

The 30-member JPC, which has been asked to give its report on the issue by the end of the next session of the Parliament, was formed earlier this month after a prolonged stalemate in both the Houses over the 2G scam.

The formation of the JPC brought down the curtains on a three-month deadlock in both the Houses between the government and the opposition, which latched on to a Comptroller and Auditor General (CAG) report on alleged irregularities in 2G spectrum allocations and pegged the presumptive loss to the national exchequer at Rs1.76 lakh crore.

The committee will look into the telecom policy pursued from 1998 to 2009 including the allocation and pricing of telecom licences and spectrum and examine "irregularities and aberrations", if any and the consequences of their implementation.

User

Commexes turnover up 52% at Rs105.92 lakh crore in Apr-Feb period

The maximum turnover was seen in the futures trading of bullion, energy commodities like crude oil, metals like copper and also agricultural commodities, FMC data showed

New Delhi: The Forward Markets Commission (FMC) has said turnover at the commodity futures market rose by 52% to Rs105.92 lakh crore till February of this fiscal, on the back of a rise in participation in the futures trade of bullion and energy items, reports PTI.

The turnover at 23 commodity exchanges was Rs69.72 lakh crore in the same period last year, FMC said in a statement.

The maximum turnover was seen in the futures trading of bullion, energy commodities like crude oil, metals like copper and also agricultural commodities, the commodity markets regulator said.

According to the FMC data, cumulative turnover from bullion trade was highest at Rs48.20 lakh crore till February of this fiscal as against Rs28.41 crore in the year-ago period.

The business from metals such as zinc rose by 54% to Rs24.14 lakh crore from Rs15.67 lakh crore, turnover from energy jumped by 42% to Rs20.70 lakh crore from Rs14.56 lakh crore, it said.

Business from agri commodities increased by 17% to Rs12.87 lakh crore from Rs11.03 lakh crore in the review period, it added.

MCX, NCDEX, ICEX, NMCE and ACE Derivatives and Commodity Exchange are the five leading national level commodity bourses in the country. There are also 18 regional level bourses in the country.

User

Independent financial advisors: Dependent independents

I dislike dealing with ‘individual’ agents who offer advice. There is no guarantee of getting...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)