Both Houses of Parliament were adjourned till 2 p.m. on Monday after the opposition tried to raise the issue of Adani.

The adjournment motion in the Lok Sabha was rejected by the sSpeaker and the suspension of business notice was rejected by the Rajya Sabha chairman.

There were 10 notices in the Upper House by the opposition on the issue but were disallowed. Following pandemonium the House was adjourned till 2 p.m.

Earlier, the opposition parties protested at the Gandhi statue in Parliament premises demanding a Joint Parliamentary Committee (JPC) investigation or Supreme Court monitored probe in the Adani issue.

K.C. Venugopal of the Congress said, "The government's stand is exposed in the matter... that is why they are running away from debate and constituting a JPC."

United on Adani, but divided on alliance: Oppn's fragile equations
United on Adani, but divided on alliance: Oppn's fragile equationsIANS

On Friday, both houses of the Parliament were adjourned amid sloganeering by Opposition parties to seek discussion on the issue.

Parliamentary Affairs Minister Pralhad Joshi on Friday said that the government has nothing to do with the matter and the Opposition is raising it as it is bereft of issues.

"Government has nothing to do with it (Adani group issue)... The Opposition is disrupting the house as it has no other issues," the Parliamentary Affairs minister said.

KCR reiterates demand for JPC probe

Telangana Chief Minister and Bharat Rashtra Samithi (BRS) president K. Chandrasekhar Rao on Sunday demanded the Joint Parliamentary Committee (JPC) to probe Adani Group's 'scam'.

He wanted to know why the Union government was refusing to constitute JPC when it claimed nothing wrong had happened.

Addressing a news conference in Nanded, he alleged that the Centre made Life Insurance Corporation (LIC) invest Rs 87,000 crore in the Adani Group and is now pressuring it to make a false statement over its exposure in the Adani group.

Adani Group Chairman Gautam Adani
Adani Group Chairman Gautam Adani addresses during the Bengal Global Business Summit 2022 in Kolkata on April 20, 2022IANS

"To mislead the country, LIC is being pressured to make a statement that it suffered no losses," he said, adding that the truth will come out with the JPC probe. He pointed out that opposition parties are demanding the JPC in the Parliament.

"I am requesting Prime Minister Narendra Modi. Such a big scam has happened. In a week, Rs 10 lakh crore was wiped out. It is not a small amount and the entire Indian banking system and LIC is involved in it. This is people's money, their investment. The entire country is angry. This should be discussed in Parliament and a JPC should be constituted. Otherwise, the country will hold you guilty," he said.

"Everybody knows (Gautam) Adani is your friend. He came to this position because of you. Will an ordinary businessman come up in the number two position in Forbes' List of billionaires? You can't hide this fact. If you have done no wrong, constitute the JPC," KCR added.

Coal import

He also slammed the Narendra Modi-led Central government over the import of coal and its "love for Adani".

The BRS leader said that India has enough reserves of coal that would last for the next 120 years but the Central government is forcing states to procure imported coal, which is only supplied by the Adani group.

K. Chandrasekhar Rao
KCR eyes a national role, pursues goal of 'BJP-mukt Bharat'IANS

"The kind of love the Centre has for Adani, it should have for the people of the country," he said.

"The import of coal is cheating the country. Coal India Ltd has already stated that it has paid the required amount for the construction of a 250-km long railway track that would increase our coal production exponentially. But the Central government is not letting it happen," he alleged.

KCR reiterated that the Modi government is following the policy of socialisation of losses and privatisation of benefits. He lashed out at the Centre for attempting to privatise LIC, which is the world's largest and better-performing insurance company.

(With inputs from IANS)