PAC Report Rejected, Joshi Walks Out; Sensex Down 156 Pts; 60 Flights Cancelled, AI Strike Continues On Day 2

Thursday, Apr 28, 2011

SPECIAL LEAD
PAC REPORT REJECTED; JOSHI WALKS OUT
11 MPs, including one each from the Samajwadi Party and the Bahujan Samaj Party, of the 21-member Public Accounts Committee rejected the draft report on 2G scam that indicted former Telecom Minister A Raja and made critical comments on the Prime Minister and the then Finance Minister P Chidambaram. Congress member Saifuddin Soz was elected as chairman who put the resolution for rejection of the report to vote. This election took place after BJP Leader Murli Manohar Joshi left the meeting as Soz moved a resolution seeking a vote on the adoption of the draft report. In more drama, Soz later went to Joshi's office and handed over the "resolution" rejecting the report to his staff. rea d more
LEAD STORIES
SENSEX DOWN 156 PTS; FALLS FOR FOURTH-DAY IN A ROW
Rising oil prices and food inflation coupled with F&O pressures saw Sensex slip to 19,292.02. Nifty ended at 5,785.45, down 48.45 points. read more
PASSENGERS FUME AS AI PILOTS' STRIKE GROUNDS 60 FLIGHTS
A fresh round of talks between Air India pilots and the management failed as the strike entered the 2nd day leading to cancellation of 60 flights. read more

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AT A GLANCE
BSE 19292.02 -156.67
NSE 5785.45 -48.45
TURNOVER
Rs. 241,446 cr
BSE CASH
Rs. 2,994 cr
NSE CASH
Rs. 15,777 cr
NSE F&O
Rs. 222,675 cr
BULLION
GOLD 22313 +183
SILVER 72322 +3502
CRUDE
NYMEX 102.25 -0.08
BRENT 125.71 +0.58
FOREX
$ / Re 44.44 0
£ / Re 74.104 +0.09
€ / Re 65.89 +0.15
EVENTS

29 April
Delhi High Court To Resume 2G Trial Bail Hearing


28 April- 1May
Golden Maharashtra Mega Exhibition


30 April
Infosys Technologies Board To Finalise Company's Leadership Succession Plans


7 May
Mumbai Court To Decide on Hasan Ali Khan Case

EXPERT VIEWS

"BJP wasted the time and money of the people and disrupted Parliament. I want to ask Murli Manohar Joshi how was the report leaked and who will take the responsibility of the leaked report. BJP has destroyed the institution of PAC."

Jayanthi Natarajan
Congress Spokesperson
"We see these attacks as a part of pattern. We want to know, how is it that when Mr Manmohan Singh found him (Murli Manohar Joshi) competent for the PAC chief, then how can he be called a villain. BJP strongly condemns these deliberate attacks on Murli Manohar Joshi by the Congress party."

Ravi Shankar Prasad
BJP Spokesperson
"The management has been lying about Air India losses. It is only corruption inside Air India and no losses. There should be a CBI probe into it. The management has held back our arrears for over three years now. The 800 pilots refuse to take orders from the Chairman of Air India."

Captain VK Bhalla
Indian Commercial Pilot Association Leader

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