Arab Today, arab today standstill in india over coal profits and public banks
Last Updated : GMT 22:19:02
Arab Today, arab today
Arab Today, arab today

Standstill in India over coal profits and public banks

Arab Today, arab today

Arab Today, arab today Standstill in India over coal profits and public banks

India - DW

India\'s opposition BJP party has begun a blockade of parliamentary proceedings to press Prime Minister Manmohan Singh to resign over a coal mining scandal. State auditors say firms have seen windfall profits since 2004. For a second day in a row, India\'s parliament remained adjourned on Wednesday casting doubt on whether debate will take place on banking legislation that has prompted a major strike by Indian public sector bank employees. India\'s premier Singh Senior opposition leader Arun Jaitley said his Bharatiya Janata Party (BJP) would use parliamentary stalling tactics in New Delhi until Singh, a former coal minister, took responsibility and resigned over the so-called \"coalgate\" scandal. Auditors\' findings critical On Friday, India\'s Comptroller and Auditor General (CAG) had issued a report concluding that from 2004 until 2009 private companies had been handed mining rights without a transparent tender process. Huge profits had run into billions of euros for private operators, the CAG said. Another senior opposition figure Venkaiah Naidu said the BJP would \"continue to demand the resignation of the prime minister and the government,\" according to the Press Trust of India news agency. But, the parliamentary affairs minister in Singh\'s Congress Party-led government, Pawan Kumar Bansal accused the BJP of avoiding an open debate that would expose BJP \"skeletons.\" Bansal said government efforts to introduce open bidding for coal resources had been held up by regional state governments, notably ones run by the BJP. In 2010, Singh\'s government was bruised by a scandal over the murky sale of the mobile phone frequency spectrum, a row which led to the arrest of a minister. Strike leaves banks shut Up to one million public sector bank workers began their two-day strike on Wednesday. Some 87,000 branches were expected to remain shut, but the Indian Banks\' Association (IBA) said most private and foreign banks would remain open. A bank employee shouts slogans while holding placards at a rally during a two-day strike in the northern Indian city of Chandigarh Indian workers fear job losses if public banks are further privatized The National Organisation of Bank Workers spokesman Ashwani Rana said the government\'s intended legislation would make it \"easier for corporates to take over\" public sector banks. Rana\'s association is one of nine trade unions that had called the strike after the failure of negotiations with the IBA banks\' association. A researcher at the New Delhi-based RPG Foundation think tank, D.H. Pai Panadiker said the unions had a \"big fear\" that more private sector investment would lead to banking job losses. India\'s public sector banks account for about 75 percent of India\'s banking sector. Foreign ownership of public banks is currently capped at 20 percent. The resistance is the latest to hamper attempted reforms of banking, insurance and retailing in Asia\'s third-largest economy.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today standstill in india over coal profits and public banks Arab Today, arab today standstill in india over coal profits and public banks

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday