PAC has power to call PM Modi too: KV Thomas on note ban

Sources said the Finance Ministry is concerned about the back-to-back depositions of key finance officers just ahead of the Budget.

Written by Anand Mishra | New Delhi | Published:January 10, 2017 1:05 am
demonetisation, note ban, k v thomas, narendra modi, urjit patel, RBI, reserve bank of india, PAC, congress, budget, budget 2017, indian express news, india news Public Accounts Committee Chairman KV Thomas.

WITH TWO parliamentary panels calling RBI Governor Urjit Patel and top Finance Ministry secretaries to appear before them on the demonetisation issue, the stage seems set for a political slugfest.

Sources said the Finance Ministry is concerned about the back-to-back depositions of key finance officers just ahead of the Budget.

Public Accounts Committee (PAC) Chairman and senior Congress leader K V Thomas emphasised on Monday that the panel has the power to summon even Prime Minister Narendra Modi.

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“It is the committee which takes decisions on such matters. Decisions in this regard will be taken only after the January 20 meeting of the PAC. We have powers to summon anyone… Even the Prime Minister and the ministers… that question will come later,” Thomas told reporters in Kerala.

But in a letter to the PAC Chairman, BJP MP Nishikant Dubey said it is “inappropriate” to call top Finance Ministry secretaries at a time when the Budget-making exercise is in progress.

Dubey is a member of the PAC as well as the Department Related Committee on Finance chaired by Congress leader M Veerappa Moily.

Both the committees have asked the RBI Governor and top Finance Ministry secretaries to appear before them in separate meetings.

The finance committee is meeting on January 18, while the PAC is meeting on January 20.

Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Financial Services Secretary Anjuly Chib Duggal had asked the PAC to postpone their meeting till the Budget Session is over, but the commission declined to entertain their request.

“Two committees calling the secretaries from the finance department at a time when the all-important exercise of Budget preparation is on is not appropriate. The Budget is a national exercise. If all the top three secretaries are called for depositions, who will prepare the Budget,” Dubey told The Indian Express.

He said both Thomas and Moily had served as Cabinet ministers and were aware about the functioning of the government. “They should consider calling the officers later,” he said. “The committees should work in the nation’s interest and not in a partisan manner,” Dubey said.

The finance panel, which was earlier scheduled to call the Finance Ministry secretaries on January 11 and RBI Governor on January 18, has decided to hold both the meetings on January 18.

Meanwhile, Thomas expressed confidence about being able to submit a unanimous report. “Ours is a 21-member committee, out of which 12 members are from the BJP… All our decisions on major issues like CWG, 2G, AgustaWestland and KG basin were unanimous. If we are able to produce a unanimous report on such major issues, it will be possible in this issue also,” he said.

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  1. M
    MyTake
    Jan 10, 2017 at 2:32 am
    All the stogies will now come out of the woodwork to put some road block!
    Reply
    1. M
      MyTake
      Jan 10, 2017 at 2:29 am
      Oppositiin is very good at creating unnecessary trouble! After all 70 years of experience!!lt;br/gt;lt;br/gt;There has to be a way to ignore them totally or remove them from their position. Last thing people need is a road block in the fight against corruption!
      Reply
      1. P
        PN badri
        Jan 10, 2017 at 4:28 pm
        Minority opposition rattled brutal majority government due to infamous decisions without proper home work/poor implementation. Nothing wrong in accepting shortcomings instead of defending faulty policies.
        Reply
        1. P
          pal
          Jan 10, 2017 at 6:03 am
          Since Hon"ble PM has been the prime mover on Noteban to RBI as reported, any question on the related issue if required to be clarified further, the Committee should have the authority to get the same from the author on Noteban.
          Reply
          1. V
            Venki
            Jan 11, 2017 at 5:47 am
            My view: Let the PM appear before the PAC. This will set a precedent that no PM in the future will have the courage to go against.
            Reply
            1. M
              M M
              Jan 10, 2017 at 9:19 am
              put these two corrupt congress leader behind bar
              Reply
              1. J
                javed waheed
                Jan 9, 2017 at 8:55 pm
                Not only summon up,prosecute them.
                Reply
                1. N
                  NA
                  Jan 11, 2017 at 4:47 am
                  It seems You have Lost Black Money and Support the Corrupt Congress
                  Reply
                  1. N
                    NA
                    Jan 11, 2017 at 4:48 am
                    Some Corrupt dogs will ark by the Instructions of Italian Master. Let them Bark. Soon they will go underground.
                    Reply
                    1. M
                      madhukar nikam
                      Jan 10, 2017 at 1:04 pm
                      Loud mouth...he wants his 5 minutes of fame
                      Reply
                      1. N
                        Nilir
                        Jan 9, 2017 at 10:24 pm
                        Send all of them to prison for dismantling country's economy in just 50 days which was built in 50 years of economic development.
                        Reply
                        1. R
                          Rajan
                          Jan 10, 2017 at 5:00 am
                          PAC has the power to call PM, doesn't translate into, PAC should call the PM.lt;br/gt;Power should be used judiciously. lt;br/gt;lt;br/gt;PM has the power to overrule RBI and make economic policies based on his ideas.lt;br/gt;If he wishes to entertain them, he should be praised for his VISION or punished for the misdemeanour as fit.lt;br/gt;lt;br/gt;President of India is Commander In Chief of all the three forces of our country. But one doesn't expect to see him on the battle front leading the charge. We have trained professionals for this job.lt;br/gt;lt;br/gt;Power should be used responsibly for it to manifest anything productive and lasting.
                          Reply
                          1. S
                            seshadri
                            Jan 10, 2017 at 1:37 am
                            demonitisation was done with good intention to curb fake notes not blak money
                            Reply
                            1. T
                              Tab
                              Jan 10, 2017 at 5:35 am
                              Please ask them to send him back to stan.. why commenting here..
                              Reply
                              1. H
                                Hedonist
                                Jan 10, 2017 at 3:32 am
                                Government should move a resolution in Parliament for re-consution of PAC and remove KVThomas as chairman.
                                Reply
                                1. V
                                  VGSS Reddy
                                  Jan 10, 2017 at 4:03 pm
                                  Let us use congress to catch thieves in BJP . Let us not criticise Congress now. We have already punished it. Let us help it now to watch the BJP. You know everyone tries to steal people say it a scam or Demonetisation. Just names but the looting is of the same people. They are looted in different names. When MODI comes out with another scheme" DIGITALISATION" It is another way of looting. People can not escape from MODI. HE WILL FK BOTH WAYS
                                  Reply
                                  1. Y
                                    yuvan
                                    Jan 11, 2017 at 8:07 am
                                    when the same applied for 2G then y call it scam?
                                    Reply
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