SEBI Chair Skips PAC Meeting, Sparks Political Tensions

The absence of SEBI Chairperson Madhabi Puri Buch at a Parliament's Public Accounts Committee meeting prompted its head to postpone proceedings, leading to political tension. NDA members accused Congress's K C Venugopal of unilateral decision-making. The committee's agenda, including Buch's summoning, became a flashpoint due to political undercurrents linked to the Hindenburg-Adani controversy.

The unexpected absence of SEBI Chairperson Madhabi Puri Buch from a key meeting of Parliament's Public Accounts Committee has escalated tensions within political circles. The panel's head, K C Venugopal, opted to delay proceedings, prompting criticism from NDA members who accused him of making unilateral decisions.

NDA members lodged a protest with the Lok Sabha Speaker against Venugopal, citing his actions as guided by partisan motives rather than committee consensus. The controversy centers on the inclusion of Buch in the committee's agenda, closely tied to ongoing political disputes involving the Hindenburg-Adani allegations.

As debates continued, BJP member Nishikant Dubey challenged the legitimacy of specific agenda items, arguing they fell outside the committee's remit. Despite these frictions, the panel remains deadlocked on whether to summon Buch again, leaving important regulatory evaluations in limbo.

(With inputs from agencies.)