NEW DELHI: Both houses of the parliament were adjourned shortly after the proceedings for the day began on Thursday. The adjournment was due to a ruckus by Opposition members that demanded a probe on the Adani Group, which has been accused of stock manipulation and fraud by a US-based firm, Hindenburg Research. The group has taken a beating at the stock market, with shares of its flagship, Adani Enterprises, tanking 15 per cent on Thursday.
Adjournment notice submitted by both the houses stated that ‘ a significant volume of public money through SBI and LIC is locked in the Adani Group’. Addressing the media, the opposition claimed that their notice is always rejected.” We have decided together that it is our aim to raise the issue of scams happening in the country in the parliament. A suspension of business under rule 267 was given in Rajya Sabha to discuss the issue of investment by LIC, PSBs, and financial institutions in companies losing market value. But our notices are always rejected or not given time so we decided to raise the issue together. People’s investments are at risk, their funds are being given to a certain company Hindenburg had released a report on one such company whose shares have fallen, said Congress President Mallikarjun Kahrge. He demanded a Joint Parliamentary Committee or a team under the supervision of the CJI of the Supreme Court to pe constituted to investigate this.
In the Lok Sabha, Opposition members rushed to the Well raising slogans as soon as Speaker Om Birla welcomed a Parliamentary delegation from Zambia and started Question Hour. The speaker objected to the noisy scenes and asked the members not to make unsubstantiated claims.
On Wednesday, the Union Budget 2023-24, which is also the last full budget of the present government before the 2024 elections was presented in the Lok Sabha. Focuswas on the Union Budget 2023-24, which is also the last full budget of the present government before the 2024 elections. Focus was on measures that expanded Capital Expenditure spending along various priorities including Green Growth, Youth Power, and Inclusive Development. Income Tax slab was also revised and clear intention to shift to the new tax regime was given.