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ED to submit third report to Pathak Committee

New Delhi, May 22: The Enforcement Directorate (ED) will submit its third report to the Justice Pathak Committee which is probing the Iraq oil-for-food scam, in the next few days, Finance Minister P Chidambaram announced in the Rajya Sabha today.

The Minister also said that the Committee had assured that it would not seek a further extension beyond three months.

Replying to the charges levelled by Mr Amar Singh (Samajwadi Party) during zero hour that the panel had been in existence for six months and still had not submitted its report, the Minister said the ED had so far given two reports to the Committee and a third was being prepared.

Mr Chidambaram said the Volcker Committee report was being probed by the ED and the Justice Pathak Committee and, therefore, could not be discussed in the House. Referring to the allegations about two oil vouchers, one in the name of the Congress party and the other in the name of Mr Natwar Singh and the Congress, the Minister said both were within the purview of the investigations.

Earlier the House witnessed uproar for about 20 minutes during zero hour with the Opposition demanding a statement by the government to various charges made by Mr Amar Singh.

Mr Amar Singh said the two years of the UPA government were marked by certain ''bitter truths'' like the oil-for-food scam, differences within the cabinet over the reservation issue, Rs 9,000 crore loss in sale of BALCO shares, Navy war room-leak etc.

He was joined by the entire Opposition and the UPA ally Left in demanding a statement from the government or the Ministers concerned.

Mr Chidambaram, Human Resource Development Minister Arjun Singh and former External Affairs Minister Natwar Singh were present in the House when Mr Amar Singh spoke.

The Opposition said the leaders concerned should respond to the allegations and give a statement in the House or else the allegations should construed to be true.

However, the Ministers did not respond and Chairman Bhairon Singh Shekhawat said he could not ask the government to give a statement as no prior notice had been given.

Ms Sushma Swaraj (BJP) and Mr Digvijay Singh (JD-U) said if the government could not give a statement now, it could come out with a response tomorrow or later today.


UNI 

'Deccan Aviation IPO response overwhelming'

Bangalore, May 22 : The response to the initial public offer of Deccan Aviation, the parent company of India's premier low cost airliner Air Deccan, has been ''overwhelming'', Air Deccan Managing Director Capt G R Gopinath said today.Capt Gopinath, who arrived here yesterday after a 15-day overseas roadshow for the IPO, told UNI that a number of fund managers in various countries had evinced keen interest in the offer. Most of the fund managers were keen to know about the fundamentals.....

Mirwaiz wounded in car accident in Kashmir

Srinagar, May 22: Moderate Hurriyat Conference Chairman Mirwaiz Umar Farooq today suffered a minor injury when his vehicle met with an accident here, amalgam sources said.However, the Mirwaiz arrived on time at the Hurriyat headquarters at Raj Bagh here to attend the crucial amalgam meeting called to decide its participation in the second round table conference on Kashmir to be chaired by Prime Minister Manmohan Singh on May 24-25.The sources said the vehicle carrying the Hurriyat Chairman was.....

Sensex crashes by over 1,112 points

Mumbai, May 22 : The 30-stock-Sensex of the Bombay Stock Exchange (BSE) tumbled by 1,111.70 points or 10.16 per cent while S&P CNX Nifty of the National Stock Exhchnage (NSE) lost 350 points at 2,896 within few hours of trading today, forcing the bourses to suspend trading till 1300 hrs.The trading at both the leading bourses were automatically halted at 1200 hrs, following sharp fall of over 10 per cent, as the foreign institutional investros (FIIs) and major operators continued their.....
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