Fri Sep 06 06:47:11 UTC 2024: – The PAC has chosen to review the allegations against Sebi chief Madhabi Puri Buch and may summon her later this month.
– This review is part of a larger performance review of regulatory bodies, among 161 subjects chosen by the PAC.
– The PAC will also look into levies and regulations of fees, tariffs, and user charges on public utilities.
– The agenda item does not specifically mention Sebi or its chief, but is listed as a “Performance review of regulatory bodies established by the act of parliament.”
– Buch has denied all allegations against her, including conflict of interest over Sebi’s investigation into the Adani Group.
– Sebi employees have complained about a toxic work culture under Buch’s leadership, leading to protests and demands for her resignation.
– The PAC has selected other subjects for review including reforms in banking and insurance sector, implementation of centrally sponsored welfare schemes, policy measures for transition in the energy sector, and regulation of fees on public infrastructure.

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