PAC Meeting Postponed Due to SEBI Chairperson’s Absence
The Public Accounts Committee (PAC) in New Delhi postponed its meeting after SEBI Chairperson Madhabi Puri Buch did not attend. She was scheduled to appear but informed PAC head KC Venugopal that she couldn’t travel to Delhi. Venugopal decided to postpone the meeting, considering her request.
Political Reactions
BJP Leader Ravi Shankar Prasad criticized Venugopal for discussing PAC proceedings publicly and accused him of political motives. He questioned the decision-making process and announced plans to file a complaint with the Lok Sabha speaker.
Background
In September, Madhabi Puri Buch and her husband Dhaval Buch denied allegations against them, calling them false and malicious.
Doubts Revealed
PAC -: PAC stands for Public Accounts Committee. It is a group in the Indian Parliament that checks how the government spends money and ensures it is used properly.
SEBI -: SEBI stands for Securities and Exchange Board of India. It is an organization that regulates the stock market and protects investors in India.
Madhabi Puri Buch -: Madhabi Puri Buch is the Chairperson of SEBI. She is responsible for overseeing the functioning of the stock market in India.
KC Venugopal -: KC Venugopal is an Indian politician and the head of the Public Accounts Committee. He is responsible for organizing and leading the PAC meetings.
BJP -: BJP stands for Bharatiya Janata Party. It is one of the major political parties in India.
Ravi Shankar Prasad -: Ravi Shankar Prasad is a leader of the BJP and a well-known politician in India. He has held various important positions in the government.
