Parliament Adjourned Amid Opposition Protest On Adani Row

1. The opposition parties, after meeting in the Opposition Leaders room in Rajya Sabha, Mallikarjun Kharge, in the parliament building today, decided to make a request to discuss the report of short seller Hindenburg Research which has based in the United States on Adani Group companies, and a Joint Parliamentary Committee investigation in both houses, the sources said.

2. The sources added that they decided not to allow any other business in parliament. Discussion of the Thank You Motion The President’s Speech is scheduled to be delivered in both houses today.

3. Opposition parties have alleged that the recent crash in Adani Group shares was a scam involving people’s money, as the public sector LIC and SBI invested in them. The Adani team has asserted that it complies with all laws and disclosure requirements.

4. The parties present in Mr Kharge’s room during the opposition meeting to lay out a strategy on fraud allegations against the Adani Group, which has rocked the stock market, include Parliament, the DMK by MK Stalin, NCP led by Sharad Pawar, Bharat by K Chandrashekar Rao Rashtra Samithi, JD(U) by Nitish Kumar, Samajwadi Party, CPI(M), CPI, Kerala Parliament (Jose Mani), JMM, RLD, RSP , AAP, IUML, RJD and Shiv Sena.

5. Congressman and Whip in Lok Sabha Manickam Tagore has given notice to adjourn the session of the house for raising the Adani issue. “The House of Commons should proceed to discuss this matter, ignore other normal business practices, and should establish a Joint Parliamentary Committee to further investigate the matter. the prime minister reveals the reality of the loss of public money to the nation through this House,” Mr Tagore said in announcing his adjournment.

6. Congressman and Whip in Rajya Sabha Syed Naseer Hussain also made a Rule 267 notice of business suspension to discuss the Adani matter. This Parliament suspends Zero Hour and related rules regarding Question Hour and other business activities of the day to discuss investment fraud by LICs, SBIs, public sector banks and other financial institutions devalue the market, jeopardizing the hard-earned savings of millions of Indians,” he said in the announcement.

7. However, the government has insisted that the Opposition should allow the customary “Move of Thanks” for the President. “Passing a resolution thanking the President for her speech to the joint session of the two Houses is a priority,” said Foreign Minister Arjun Ram Meghwal, Minister of State for Parliamentary Affairs.

8. On Friday, both houses of parliament were adjourned without any work as opposition parties persisted in calling for discussion and investigation of fraud allegations against the Adani Group. The leaders of the 16 opposition parties, who are meeting today, also met in Mr Kharge’s office on Friday, a day after both houses of parliament adjourned early without completing any any job, amid calls for an investigation.

9. Lok Sabha Chairman Om Birla denied their request, asking members to “do not make baseless claims” while Rajya Sabha chairman, Vice President Jagdeep Dhankhar, dismissed any petitions. of the opposition, saying they were “out of order”.

10. Gautam Adani’s port-to-energy business empire, which includes Life Insurance Corporation of India (LIC) and State Bank of India (SBI) among key investors, has lost more than $100 billion USD value since the allegations were made public. The Adani Group’s chief financial officer called Hindenburg’s report “a malicious combination of selective misinformation and stale, baseless and discredited allegations made by the highest court of India examined and rejected”.

Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, a Company of the Adani Group.

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