Lok Sabha Ethics Panel seeks
register of interest for MPs
Economic Times, December 19, 2012
The Ethics Committee
of the Lok Sabha has recommended that members should declare
their business interests by signing a 'register of interest'
like the existing system in the Rajya Sabha.
A report submitted,
after deliberations on the issue for over a year, said, "the
committee, after elaborate discussion and taking into account
views of the Chairman, Committee on Ethics, Rajya Sabha, as also
distinct socio-political conditions prevailing in India, feel
that the Rajya Sabha model of register of members' interests as
well as declaration of interests needs to be adopted by the Lok
Sabha," the report said. The basic purpose of the introduction
of register of members' interests is to infuse transparency and
accountability among parliamentarians to reinforce confidence of
public in their representatives. "The aim of registration of
interests is openness, which is so vital for the functioning of
a parliamentary democracy. The committee, therefore, feels, that
in order to avoid a conflict of interest, provisions relating to
registration of interests need to be incorporated in the Rules.
Conflicts of interest may arise from financial interests as well
as non-financial interests," the report has said.
The committee has
recommended that every member shall, within 90 days from the
date on which he makes and subscribes an oath or affirmation for
taking his seat, furnish information regarding his interests in
a form prescribed for the purpose.
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