PAC meeting postponed as SEBI chief Buch fails to appear, BJP miffed at panel chair Venugopal
New Delhi (PTI): Parliament's Public Accounts Committee (PAC) on Thursday postponed its sitting after SEBI chairperson Madhabi Puri Buch and other officials expressed inability to attend the meeting, panel chairperson K C Venugopal said.
Buch, under a cloud over allegations of conflict of interest levelled by US-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.
"Today morning at 9:30, we got a communication from the SEBI chairperson and other members that because of a personal emergency, she is unable to travel to Delhi," Venugopal told reporters here.
Considering that the request was made by a woman, the committee decided to postpone the sitting to another day, he said.
After the PAC meeting was postponed, its member and BJP MP Ravi Shankar Prasad accused Venugopal of taking suo motu decisions. He also said that several PAC members, including those from the BJP and its alliance partners, are approaching LS Speaker Om Birla against Venugopal's conduct.
The PAC is also examining matters related to the Department of Telecommunications and that meeting will go ahead as scheduled during the post-lunch session.
The committee's decision to include the performance review of regulatory bodies established by legislation in its agenda invited no protest, but Venugopal's move to call Buch raised hackles of the BJP members as she has been at the centre of a political row ignited by the Hindenburg's allegations.
The short-seller's accusation against Buch was seized upon by the Congress to seek her ouster and to attack the government, rendering political dimensions to the panel's missive to her to appear before it.
BJP MP Nishikant Dubey, a member of the panel, wrote to Lok Sabha Speaker Om Birla against Venugopal, accusing the senior Congress leader of raking up "non-existent" issues to defame the central government and "destabilise" the country's financial structure and economy.
Accusing Venugopal of "unconstitutional and disdainful" conduct, Dubey claimed the Congress leader's conduct is guided by political motivations as voters compelled his party to sit in the opposition benches following the Lok Sabha polls.
Claiming that unverified allegations by a foreign company like Hindenburg against Buch were part of such a campaign, he alleged that the 'India Chapter' of this toolkit has become active.
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Sujit Nair raises concerns over speculation of DMK-AIADMK understanding to block TVK
Chennai: Journalist and political commentator Sujit Nair has expressed concern over speculation that the Dravida Munnetra Kazhagam and the All India Anna Dravida Munnetra Kazhagam could explore a post-poll understanding to prevent Vijay-led Tamilaga Vettri Kazhagam from forming the government in Tamil Nadu.
In a social media post, Sujit Nair said the election verdict in Tamil Nadu reflected a clear public demand for political change and argued that the mandate should be respected irrespective of political preferences.
Referring to reports and political discussions surrounding a possible understanding between the DMK and AIADMK, he said he hoped such developments remained only speculative conversations and did not turn into reality.
Nair stated that if such an alliance were to take shape, it would raise serious questions about ideological politics in the country. He said TVK had emerged through a democratic electoral process and that the legitimacy to govern in a parliamentary democracy comes from the people’s verdict.
According to him, attempts to prevent an electoral winner from forming the government through unexpected political arrangements may be constitutionally valid, but many people could view them as politically opportunistic.
He further said that such a move could particularly affect the political image of the DMK, which has historically projected itself around ideology, social justice and opposition politics. Nair said that in ideological terms, the DMK appeared closer to TVK than to the AIADMK, and joining hands with its long-time political rival only to remain in power could weaken its broader political narrative.
He added that the same questions would apply to the AIADMK as well, as the party had spent decades positioning itself against the DMK and such an arrangement could create discomfort among its cadre and supporters.
Drawing a comparison with Maharashtra politics in 2019, Nair said he had expressed similar views when the Shiv Sena formed an alliance with the Indian National Congress and the Nationalist Congress Party after the Assembly elections.
He said post-poll alliances between long-standing political rivals often create a public perception that ideology and electoral mandates become secondary when political power equations come into play.
Nair also said such developments increase public cynicism towards politics and reinforce the belief among voters that ideology is often sidelined after elections.
He maintained that the Tamil Nadu verdict was emphatic and said respecting both the spirit and substance of the mandate was important for the credibility of democratic politics.
