SEBI Chairperson Madhabi Puri Buch to Appear Before Parliament’s Public Accounts Committee
On Thursday, Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), is set to appear before the Parliament’s Public Accounts Committee (PAC) in New Delhi. The meeting, scheduled for 11 am, will be led by K C Venugopal from the Congress party. The agenda includes reviewing the performance of regulatory bodies established by the Act of Parliament, with representatives from the finance ministry and SEBI providing oral evidence.
Additionally, the meeting will cover the performance review of the Ministry of Communications, Department of Telecommunications, and the Telecom Regulatory Authority of India. This follows a recent joint statement by Madhabi Puri Buch and her husband, Dhaval Buch, refuting allegations against them as false and malicious. These allegations, based on their Income Tax Returns, were claimed to be obtained illegally. Pawan Khera from Congress had accused Madhabi Puri Buch of receiving income from ICICI Bank and ICICI Prudential while serving as a SEBI member. ICICI Bank clarified that no payments were made to her post-retirement, except for retiral benefits.
Doubts Revealed
SEBI -: SEBI stands for the Securities and Exchange Board of India. It is a government body that regulates the stock market and protects the interests of investors in India.
Madhabi Puri Buch -: Madhabi Puri Buch is the Chairperson of SEBI. She is responsible for overseeing the functioning of SEBI and ensuring that the stock market operates smoothly and fairly.
Parliament’s Public Accounts Committee -: The Public Accounts Committee is a group of members from the Indian Parliament. They check how the government spends money and ensure that public funds are used properly.
K C Venugopal -: K C Venugopal is an Indian politician who is leading the meeting of the Public Accounts Committee. He is responsible for guiding the discussions and reviews during the meeting.
ICICI Bank -: ICICI Bank is one of the largest private sector banks in India. It provides various banking services like savings accounts, loans, and more to people and businesses.
Retiral benefits -: Retiral benefits are payments made to employees after they retire from their job. These benefits can include pensions, gratuity, and other financial support to help them after they stop working.
