Committee Financial News

The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies.

Manipur witnesses no respite in the unceasing ethnic strife, the opposition Congress has heaped pressures on all three MPs from the state to raise the issue in the ongoing Parliament session to ensure peace is restored in the state. A delegation of Manipur Pradesh Congress Committee (MPCC), to this end, has submitted memoranda to the trio -Inner Manipur MP and Union MoS for education and external affairs, RK Ranjan, Outer Manipur MP Lorho S Pfoze and Rajya Sabha MP Leishemba Sanajaoba. Headed by MPCC vice president Hareshwar Goshwami, the Congress team on Monday called on MP Sanajaoba at his New Delhi official residence and submitted the memorandum to him. On Saturday, they called on Pfoze and Ranjan. While Ranjan and Sanajaoba are BJP MPs, Pfoze belongs to the Naga People’s Front (NPF), the coalition partner of the N Biren Singh government in the state. The memorandum categorically requested the MPs to take up the current boiling issues of Manipur for a proper decision during the ongoing Parliament session with special attention on immediate rehabilitation and restoration of all persons displaced by the strife with adequate security and urgent payment of suitable compensation. It called for taking immediate measures for the restoration of peace and normalcy in the state. Highlighting a brief genesis of the strife, the memorandum said “As we are all aware, there was a sudden eruption of violence on May 3, 2023, that started in Kangvai in Churachandpur district after a Tribal Solidarity March organized by the All Tribal Students Union Manipur (ATSUM).” Since then, Manipur has been scorching non-stop and more than 60,000 people are displaced and taking refuge in relief camps, around 200 people were either killed or

The Starknet Foundation has unveiled plans to distribute 1.8 billion STRK token rewards and rebates to drive the adoption and growth of the Starknet blockchain.

MPC) unanimously opted to maintain the repo rate at 6.5 per cent for the fifth consecutive time, RBI Governor Shaktikanta Das said on Friday. The decision, following a three-day bi-monthly meeting, underscores the committee's commitment to its current policy stance. Governor Das highlighted the central bank's continued focus on the withdrawal of accommodation stance.

The House Committee on Energy has voted unanimously to approve a new piece of legislation entitled the “Deploying American Blockchains Act.”

The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm.

The Treasury Committee has argued that benefits of the new asset promoted by the central bank did not outweigh their concerns of overall confidentiality and financial risks.

Congress leader Adhir Ranjan Chowdhury has penned a letter to the Lok Sabha Speaker expressing his reservations regarding the ongoing proceedings of the Ethics Committee concerning Trinamool Congress (TMC) Member of Parliament, Mahua Moitra. Chowdhury, in his communication, has brought attention to the intricate matter of the Ethics Committee's investigation into the conduct of Mahua Moitra. The committee plays a pivotal role in scrutinizing the ethical aspects of parliamentary members' actions, ensuring accountability and maintaining the integrity of the legislative process. The letter emphasizes concerns raised by Chowdhury, shedding light on the need for transparency and fairness in the proceedings.

The Financial Services Committee (FSC) of the United States House of Representatives is gearing up for a critical hearing on November 15, 2023, diving deep into the shadowy corners of cryptocurrency. Entitled «Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets,» this session aims to unravel the complexity of illegal activities within the digital asset ecosystem.

Starknet Foundation has officially launched its DeFi Committee. Announced on November 9, 2023, the committee is set to play a pivotal role in developing Starknet's DeFi landscape. This initiative marks a strategic step by the Foundation, demonstrating its commitment to expanding and nurturing the DeFi sector within its network.

Discord, Snap and X (formerly Twitter) - to compel them to testify at a hearing on 6 December on the sexual exploitation of children online. The committee is chaired by Democratic Senator Dick Durbin and Republican Senator Lindsey Graham of South Carolina.

Tripura Assembly is contemplating to enact a rule to disallow raising any question on a particular subject, which is «three-year or more old» by any member of the House, Speaker Biswa Bandhu Sen said. To push the plan, the Rules Committee of the Assembly headed by the Speaker held a meeting on Friday and discussed the issue at length. «We run the Assembly guided by Rules and Procedures.

BERLIN (Reuters) — Germany's budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray.

The Senate Committee on Banking, Houses, and Urban Affairs met on November 14th to conduct a hearing regarding oversight of financial regulators.

The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime.

Lok Sabha ethics committee has adopted a report recommending Trinamool MP Mahua Moitra's expulsion from the Lok Sabha after a majority (6) of panel members voted in favour of it. The Lok Sabha has to pass a resolution next to expel the MP from the House. Moitra has been accused by BJP MP Nishikant Dubey of 'accepting cash for asking questions' in the Lower House. Those who voted in favour included Congress MP Preneet Kaur, wife of Captain Amarinder Singh, who is now with BJP, and panel chairman and BJP MP Vinod Sonkar. BSP MP Kunwar Danish Ali, Congress' V Vaithilingam, CPM's PR Natarajan and JDU's Giridhari Yadav voted against the recommendation and gave dissenting notes to the report.

The job move will become effective in December this year, and he will report to deputy governor for financial Stability Sarah Breeden.

The Ethics Committee of the Lok Sabha which has be... moreThe Ethics Committee of the Lok Sabha which has been conducting hearings in the cash-for-query case against TMC MP Mahua Moitra will be meeting tomorrow i.e.

Parliamentary Standing Committee on Home Affairs examining bills to replace the three crime laws has adopted its draft report with several changes, including gender-neutral adultery law and reduced punishment under Section 353 of IPC. Despite vehement disapproval of several Opposition MPs, the panel which met on Monday decided to stick with the Hindi names — Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Adhiniyam — for the laws to replace the Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act, respectively. According to people aware of the development, around 10 Opposition MPs, including former home minister P Chidambaram and Congress floor Adhir Ranjan Chowdhury were set to submit dissent note to the reports. The panel is headed by BJP MP Brij Lal. The report adopted by the panel has favoured a gender-neutral adultery law and punishment for non-consensual sex irrespective of gender, it is learnt.

Ethics Committee will meet on November 7 to consider and adopt its draft report in relation to the 'cash-for-query' allegations levelled against TMC MP Mahua Moitra by BJP's Nishikant Dubey. The meeting for adopting the draft report means that the committee headed by BJP MP Vinod Kumar Sonkar has finished its enquiry and will now be making its recommendation after its members ranged along party lines in their last deliberations on November 2.

Moitra stormed out of the Lok Sabha Ethics Committee meeting. She had alleged that she was asked irrelevant questions about her personal life during the committee's hearing. Issuing a clarification on the same, Sonkar was quoted by the Hindustan Times as saying, "Only those questions were asked to Mahua Moitra on which there are allegations.