Assurances

Assurance.Date

Date.of.Dropping.Request

Dropped.on

Pending.Time

Report.no.

Page.no.

House.of.Parliament

Recovery of Non-Performing Assets by Union Bank of India

13.03.2023

19.01.2024

06.02.2024

10 months

The Ministry submitted that the matter is subjudice before the Debt Recovery Tribunal, Mumbai. Furthermore, the reply given on the floor of the House does not fall under the standard list of expressions constituting an Assurance.

99th report, 06.02.2024

Lok Sabha

Finalising report on new Direct Taxes Code

18.07.2019

19.01.2024

06.02.2024

55 months

The Ministry submitted that tax reform is an ongoing and dynamic process and several tax reforms have been undertaken in recent years. Furthermore, similar assurances in the Rajya Sabha were dropped

99th report, 06.02.2024

Lok Sabha

Regulation of crypto-currency and virtual digital assets (VDA)

19.12.2022

09.11.2023

19.12.2023

12 months

The Ministry submitted that investigation into crypto exchanges for tax evasion is an ongoing process and is completed within the statutory time frame of CGST Act, 2017.

96th report, 19.12.2023

Lok Sabha

Ownership of FPIs

24 months

Investigations by DRI and SEBI are able to take place and without them the assurance cannot be completed. Adani Group's assets are to be investigated.

89th report, 27.03.23

Lok Sabha

Overvaluation and Undervaluation of Imports

99 months

DRI is investigating the case and evidence is being gathered from foreign authorities and is a time taking process, as the invoicing of coal is done through several intermediary firms based in Singapore, Dubai, Hong Kong , British virgin islands etc

89th report, 27.07.23

Lok Sabha

Overvaluation of Coal Imports

99 months

DRI is investigating the case and evidence is being gathered from foreign authorities and is a time taking process, as the invoicing of coal is done through several intermediary firms based in Singapore, Dubai, Hong Kong , British virgin islands etc

89th report, 27.07.23

Lok Sabha

Privatisation of BPCL

34 months

EoI process for disinvestment has been called off, reinitiation might take place after review of the situation.The process takes considerable time. The assurance cannot be implemented before decision regarding reinitiation of the process takes place

87th report, 27.07.23

Lok Sabha

BPCL dividend

24 months

EoI process for disinvestment has been called off, reinitiation might take place after review of the situation.The process takes considerable time. The assurance cannot be implemented before decision regarding reinitiation of the process takes place

87th report, 27.07.23

Lok Sabha

Regulating Cryptocurrency

14 months

Was not meant to be an assurance, as finalisation of any effective legislation on cryptocurrency require singificant international collaboration to evaluate associated risks and benefits

81st report, 09.02.23

Lok Sabha

Impact of Cryptocurrency

14 months

Was not meant to be an assurance, as finalisation of any effective legislation on cryptocurrency require singificant international collaboration to evaluate associated risks and benefits

81st report, 09.02.23

Lok Sabha

Complaints of Cryptocurrency

14 months

Was not meant to be an assurance, as finalisation of any effective legislation on cryptocurrency require singificant international collaboration to evaluate associated risks and benefits

81st report, 09.02.23

Lok Sabha

Virtual Currencies

12 months

Beyond the scope of the ministry as consultations with international organisations & experts will need to take place. Also wasn't intended to be an assurance.

81st report, 09.02.23

Lok Sabha

Central Bank Digital Currency

13 months

RBI is working on the introduction of CBDC.Since the assurance is about the introduction of of CBDC which has been completed by way of Union Budget Announcement for FY 22-34, the assurance may be dropped.

76th report, 22.12.22

Lok Sabha

Digital Currency

12 months

RBI is working on the introduction of CBDC.Since the assurance is about the introduction of of CBDC which has been completed by way of Union Budget Announcement for FY 22-34, the assurance may be dropped.

76th report, 22.12.22

Lok Sabha

Reports on Financial Sector Reforms

161 months

Citing similarity to assurance no. 1682 for 10.12.2008 (substance is the same) which was dropped by CoCGA. The said assurance was initially assigned to NITI Aayog and later transferred to Dept of Expenditure and Implementation. NITI Aayog also supports dropping of the assuranced.

76th report, 22.12.22

Lok Sabha

Discussion on Budget

22 months

Details of land are not relatable to the PM SVANidhi Yojana; No such details are maintained in this Ministry; and Verbatism is not complete and hence no presumption on the details sought to be provideded can be made

76th report, 22.12.22

Lok Sabha

Release of Pending Funds to Punjab

21 months

Ministry provides budget to to different ministries/departments, based on requirement and different fiscal space, state specific schemes/projects approved by competent authority are also provided, including Punjab ?

76th report, 22.12.22

Lok Sabha

Cryptocurrency Transactions

12 months

Was not supposed to be an assurance. Decision for introducing legislative proposal includes action beyond the scope of the ministry.

70th report, 05.08.22

Lok Sabha

Doube Taxation Avoidance Agreement

97 months

Negotiation of DTAAs/TIEA with these three countries is an ongoing and time taking process since it is bilateral in nature and takes sufficient time for reaching agreement. The time and manner in which the dialogue is carried out depends to a large extent on the other country/jurisdiction.

70th report, 05.08.22

Lok Sabha

Bitcoin Exchange and Training

88 months

The response was not intended to be an assurance. Due process on the decision for introducing legislative proposal includes action beyond the scope of the ministry.

63rd report, 21.07.22

Lok Sabha

E-way bill for intra-state gold transportation

12 months

Fulfilment of instant assurance is solely based on the submission of final report by said group of ministers to the GST council. The ministry has no authority to direct the GST council or Group of ministers constituted by the GST council to submit its report. Therefore, this office is not in a position to undertake any action for the fulfilment of the assurance,

60th report, 23.03.22

Lok Sabha

Innovation in Currency Format

12 months

The response was not intended to be an assurance. Due process on the decision for introducing legislative proposal includes action beyond the scope of the ministry.

60th report, 23.03.22

Lok Sabha

Ban on Bitcoin Trading

12 months

The response was not intended to be an assurance. Due process on the decision for introducing legislative proposal includes action beyond the scope of the ministry.

60th report, 23.03.22

Lok Sabha

Parity in 7th Pay recommendations

65 months

Since DoPT, being the nodal department for the cadres of IAS and other All India services, has declined to take any action on this issue, Department of Expenditure, Ministry of Finance is not in a position to proceed further.

52nd report, 09.12.21

Lok Sabha

Agreement with Asian Development Bank

13 months

DEA has not recieved any proposal from Govt of Rajasthan or Ministry of Food Processing Industries seeking financing from ABD for setting up processing unit for guava or related to Food Processing Sector during 2019-20. If nothing is pending with DEA, assurance about its disposal is not tenable.

39th report, 23.03.21

Lok Sabha

Manufacturing of Loans for MSMEs

25 months

IR laid on 20/09/20

31st report, 17.03.21

Lok Sabha

Gold Policy

35 months

Due to certain concerns raised by various stakeholders departments and regulators, the policy has not been finalized yet. due to sensitivity and huge economic implications of the policy for lakhs of people involved in the trade related to gold, the finalization may take more timeDue to certain concerns raised by various stakeholders, departments and regulators, the policy has not been finalized yet. Due to sensitivity and huge economic implications of the policy for lakhs of people involved in the trade related to gold, the finalization may take more time.

29th report, 09.03.21

Lok Sabha

Goods and Services Tax

27 months

The GST Council is a joint forum of the centre and the state which has not taken any decision in this regard. Accordingly, it is not possible to indicate a time frame by which the process would be completed.

29th report, 09.03.21

Lok Sabha

Audit of Joint Ventures

127 months

In view of the fact that the draft Act, which is the subject matter of the said assurance, does not exist now and has been withdrawn, the assurances may be dropped.

17th report, 13.02.21

Lok Sabha

Enhancing Scope of Audit

85 months

In view of the fact that the draft Act, which is the subject matter of the said assurance, does not exist now and has been withdrawn, the assurances may be dropped.

17th report, 13.02.21

Lok Sabha

Reversion to OPS

23 months

Since the order is specific to a particular case whose judgement by the CAT has been challenge by the DoP before the high court of Kerala, there is no proposal to extend the order of CAT to all the employee, it is requested to drop the above assurance.

11th report, 23.07.20

Lok Sabha

Reduction of custom duty

40 months

the reply did not state that the representations mentioned in it were pending with the ministry of finance and therefore the answer to the question doesn't warrant to be admitted as an assurance.

5th report, 20.07.20

Lok Sabha

Regularization of Income-Tax under Direct Tax Code

19.11.2019

47 months

77th report, 5.12.23

Rajya Sabha

Making Public the Recommendations of Task Force on DTC

11.02.2020

44 months

77th report, 5.12.23

Rajya Sabha

Seventh Pay Commission recommendations on Parity between IAS and non IAS officers

42 months

76th Report, 19.12.22

Rajya Sabha

Reduction of Income Tax under Direct Tax Code.

77th Report

Rajya Sabha

Appointment and Removal of Regulators

A long time has passed and many policies of the government have changed, On account of the fact that the ministry can approach the commitee if it doesn't agree with the policies of the previous government.

71st report,05.08.22

Lok Sabha