New banking licences may give rise to crony capitalism, say MPs

ACTING Prime Minister and Minister of Finance Rick Hou says the 7th meeting of the Forum Ministerial Standing Committee (FMSC) was a unique and historic event. Mr Hou was speaking at the opening of the FMSC meeting on the Regional Assistance Mission ...

The parliamentary standing committee on finance on Friday questioned Reserve Bank of India governor D Subbarao (in pic) on the chit fund fraud. BJP leader Yashwant Sinha, who is the chairman of the committee, is likely to write to finance minister P ...

The Parliamentary Standing Committee on finance, headed by BJP leader Yashwant Sinha, has advocated closure of all chit fund firms across the country. The panel on Friday grilled Finance Secretary R S Gujral as well as Revenue Secretary Sumit Bose ...

ruled out bringing an ordinance, as proposed by the Parliamentary Standing Committee on Finance, to curb the growing menace of chit fund frauds and ponzi schemes like the one allegedly run by the Kolkata-based Saradha Group. Instead, an ...

Yashwant Sinha heads Parliament's Standing Committee on Finance In the wake of by the multi-crore Saradha Group scam in West Bengal, Parliaments standing committee on finance today decided to summon Reserve (RBI) Governor D Subbarao and (Sebi) ...

The Parliamentary Standing Committee on Finance, chaired by BJP leader and former Finance Minister Yashwant Sinha, which met today to discuss the chit fund scam, was of the view that there should be a "single law and a single regulator" to deal with ...

NEW DELHI: Left parties have managed to get the standing committee on finance to examine laws that regulate chit funds so that it can be made more affective. The committee headed by former finance minister Yashwant Sinha is expected ask top ...

Summary: NEW DELHI: A Standing Committee on Finance has given its recommendation to the government, whereby it has suggested promoting retail participation at the time of disinvestment in PSUs. NEW DELHI: A Standing Committee on Finance has given its ...

The parliamentary standing committee on ministry of foreign affairs (MoFA) on Tuesday witnessed a heated debate when an opposition parliament member demanded to move condemnation proposal over the recent remarks of finance minister AMA Muhith.