Parliament adjourned till 2 pm amid ruckus over Adani issue

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Parliament budget session began again on Monday, two days after both Houses were suspended because of the opposition’s clamor over the Adani-Hindenburg dispute.

Although opposition parties  still divided over the necessity of a parliamentary committee to investigate the Adani issue, the Houses scheduled for the discussion of the President’s address, before which the Congress held a meeting.

However, there a commotion as soon as the proceedings began, and both Houses suspended until 2 p.m.

This comes after the Budget Session adjourned for two days till today after repeated disruptions following ruckus inside the Parliament with the Opposition demanding a debate on the US short-seller Hindenburg Research’s report against the Adani Group and a probe by a JPC. 

The opposition parties have sought discussion over investment by LIC, Public Sector Banks, and financial institutions “in companies losing market value, endangering the savings of crores of Indians” following a report by the US firm Hindenburg Research.

A January 24 report by Hindenburg Research alleged that the Adani Group had weak business fundamentals, and involved in stock manipulation and accounting fraud, among others. 

The report triggered a sell-off of shares of Adani Group companies. Meanwhile, Congress will launch a countrywide protest in front of Life Insurance Corporation (LIC) offices and State Bank of India (SBI) branches today to protest against the alleged Adani scam.

The first half of the Budget session will continue till February 13 and the second half will held from March 13 to April 6. 

The budget session began with the address by President Droupadi Murmu to the joint sitting of the two Houses of Parliament. The Union Budget presented on February 1.


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