Today’s Ten: PAC to review SEBI amid mounting allegations
By Pradeep Damodaran in Media News on Friday, 06th September 2024 at 3:53pmThe Public Accounts Committee (PAC) headed by senior Congress leader and Lok Sabha member K.C. Venugopal will hold a performance review of regulatory bodies established by the Act of Parliament, such as the Securities and Exchange Board of India (SEBI). The PAC will also audit “fees, tariffs, user charges and so on” levied at public infrastructure such as airports. Currently, seven Indian airports are managed by the Adani Group, reported Sobhana K Nair for The Hindu.
Coming in the backdrop of the Hindenburg Report on alleged irregularities by the SEBI Chairperson Madhabi Puri Buch, including a stake in obscure offshore entities used in what it alleged was an "Adani money siphoning scandal", the move has been triggered following a sustained Opposition campaign demanding a thorough pr...
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