Govt tables 7th progress report on stock market scam

New Delhi, Dec 19 (UNI) The Government today placed the 7th progress report on the implementation of the recommendations contained in the report of the Joint Parliamentary Committee (JPC) on Stock Market Scam on the table of both the Houses of Parliament.

The JPC, set up to inquire into the causes of the scam, had submitted its report to Parliament on December 19, 2002. It contained 276 observations/conclusions/recommendations.

The committee recommended that the Government should present its Action Taken Report (ATR) to the Parliament within six months and thereafter periodic progress reports every six months till action on all the recommendations has been fully completed to the satisfaction of Parliament.

Government had submitted the Action Taken Report to Parliament on May 9, 2003. Thereafter, six progress reports have been placed before the Parliament during December 2003, June 2004, December 2004, July 2005, December 2005 and May 2006.

In the ATR and seventh progress reports presented to the Parliament as mentioned above, action on 243 recommendations/paras has been completed which leaves only 33 recommendations still to be implemented.

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