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Parliament panel to visit city from September 17
Sitanshu Swain
Mumbai, Aug 27: The high powered 43 members of Parliament Standing Committee on Finance is visiting the city for three days from Sept 17 on an monitoring mission to have a first hand account of economy and the future progress of the financial institutions. The committee which is headed by former speaker Shivraj Patil and is having two former finance ministers, Manmohan Singh and ND Tiwary as its members will be meeting the RBI governer, Bimal Jalan, the chiefs of all financial institutions including Industrial Development Bank of India (IDBI), IFCI, Unit Trust of India (UTI), Life Insurance Corporation (LIC), General Insurance Corporation (GIC), Exim Bank, SIDBI, Nabard, National Housing Bank, and some prominent banks. The parliamentarians will also visit the Bombay Stock Exchange.The standing committee has already met these institution chiefs in Delhi recently and plan to gather more information on their future plans in the changing scenario during their Mumbai visit. It has a specific agenda on the issue of tackling non-performing assets in the financial sector which has reached an alarming level in recent times. The team would like to enquire from the RBI about the recent bank rate by the central bank and its lasting impact on the economy. Also the issue of restructuring of the GIC and LIC top the agenda of the committee. Leading politicians from different parties including Venkaiah Naidu (BJP),Amar Singh (Samajwadi Party) NKP Salve (Congress), Gurudas Dasgupta (CPI), Kharbela Swain (BJP), S Jaipal Reddy, Mohammad Shahabuddin are some of the other members of the committee. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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