Congress to persist with its demand for jpc on hindenburg adani issue
The Congress will continue with its demand for a probe by the Joint Parliamentary Committee (JPC) on the Hindenburg-Adani revelations in the second part of the Budget Session that begins on Monday.The Trinamool Congress, the second largest Opposition party in Parliament, meanwhile, has taken a diametrically opposite position, calling the JPC an exercise in futility.
“We are persisting in our demand for a JPC which is the only way to unravel the full dimensions of the PM-linked Adani Maha Mega Scam,” Congress General Secretary (Communication) Jairam Ramesh told The Hindu.
The Trinamool, meanwhile, has taken a stance that a JPC probe would be inadequate. Its Rajya Sabha Parliamentary Party leader, Derek O’Brien, argued that for a JPC, the Chairman would be decided by the Speaker of the Lok Sabha and the Rajya Sabha Chairman, and would have members from each party according to their numerical strength in Parliament. “This makes these committees skewed towards the ruling majority because of their numbers in the Houses,” Mr. O’ Brien said.
At the same time, the Trinamool maintained that the government had not yet answered questions about endangering the common man’s savings invested in the State Bank of India (SBI) and the Life Insurance Corporation (LIC). He pointed out that with the fall in Adani Group’s shares, the LIC reportedly lost over ₹20,000 crore of investment value out of its total holding of ₹36,000 crore.
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