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You are here: Home / Archives for Nasheman

42 Punjab Cong MLAs submit resignation over SC ruling on SYL

November 11, 2016 by Nasheman

Amarinder Singh addresses media

Chandigarh: All Opposition Congress MLAs today submitted their resignation to the Punjab Assembly Secretary here today to protest the Supreme Court’s ruling favouring Haryana on the SYL issue.

State Congress chief Amarinder Singh, meanwhile, launched a fresh attack on Chief Minister Parkash Singh Badal, alleging Badal has “failed to protect the interest” of the people and announced that his party will take out a rally on the issue on Sunday.

The 42 MLAs, including leader of Opposition Charanjit Singh Channi, Sunil Jakhar, Sukhjinder Randhawa and Balbir Singh Sidhu, went to the Assembly here and submitted their resignations to Assembly Secretary Shashi Lakhanpal Mishra as Speaker Charanjit Singh Atwal was not present.

Senior Congress leaders, including Amarinder Singh, Partap Singh Bajwa and Ambika Soni accompanied the MLAs. “I will submit the resignations to the Speaker. He will see whether to accept them or not,” Mishra said.

A Congress spokesperson denied reports in a section of the media that they have submitted the resignations to the Governor.

Speaking to mediapersons, Amarinder said, “I am not in Parliament and our MLAs are not in Vidhan Sabha. We will go to the people. We are going to burn the effigies of the government for not protecting Punjab’s rights.”

“We will hold a rally at the tail-end of the canal system in southernmost part of Punjab on Sunday, which will be affected (by the verdict),” he said.

Hitting out at Punjab Chief Minister Parkash Singh Badal, the state Congress chief asked, “Why is Badal not protecting Punjab’s interests? Is it because he has made a lot of money and doesn’t care what happens in his area?”

The water dispute assumed a new dimension with the Supreme Court yesterday holding as unconstitutional the 2004 law passed by Punjab to terminate the Sutlej-Yamuna Link (SYL) canal water sharing agreement with neighboring states.

“All the questions have been answered in the negative,” a five-judge bench headed by Justice A R Dave said, while pronouncing its decision on the Presidential reference.

The judgement makes it clear that the Punjab Termination of Agreements Act, 2004 is “unconstitutional” and Punjab could not have taken a “unilateral” decision to terminate the water sharing agreement with Haryana, Himachal Pradesh, Rajasthan, Jammu and Kashmir, Delhi and Chandigarh.

The bench, which also included Justices P C Ghose, Shiva Kirti Singh, A K Goel and Amitava Roy, was unanimous in holding that all the five questions of Presidential reference have to be answered in the negative.

The judgement implies that the 2004 Act was not in consonance with the apex court judgement of 2003 which had mandated the construction of the SYL canal that was stalled.

(Agencies)

Filed Under: India

BJP members protest against Siddaramaiah over Tipu Jayanthi

November 10, 2016 by Nasheman

tipu-jayanthi-protest

Madikeri: Scores of Bharatiya Janata Party (BJP) members, including its state president B.S Yeddyurappa, were arrested on Thursday who were protesting against Karnataka Chief Minister Siddaramaiah for celebrating the birth anniversary of Tipu Sultan and also for the killings of Rashtriya Swayamsevak Sangh (RSS) and party activists in the state.

Places like Gulbarga and Madikeri saw heavy deployments of state reserve police force to quell violent protests.

“Arrested while protesting against the Cong government for celebrating Tippu Jayanti. Will scrap this Jayanti within 24hrs of forming BJP govt in 2018,” Yeddyurappa Tweeted.

Talking to media, former chief minister Yeddyurappa said that he met Union Home Minister Rajnath Singh to refer the case to the National Investigation Agency (NIA) to probe the killings of the BJP and RSS workers

“We met Rajnath Singh and requested him to constitute a proper inquiry and refer it to the NIA for which he has agreed. We know very well that more than 18 deaths took place recently, so I don’t know why Siddaramaiah is bent upon celebrating Tipu sultan programme. We are holding state-wide protests against the government,” Yeddyurappa said.

The Congress government views Tipu Sultan as a patriot who fought against the British.

However, the BJP and the RSS views are completely different from those of the state government, who regard Tipu Sultan as a tyrant monarch and for his biasness against Hindus.

(ANI)

Filed Under: India

ATMs to give new currency notes from midnight: Jaitley

November 10, 2016 by Nasheman

atms

New Delhi: Union Finance Minister Arun Jaitley said that people can withdraw the new series of Rs 500 and Rs 2,000 notes from the ATMs from Thursday midnight.

“ATMs will start functioning from today (Thursday) midnight. People can withdraw the new currency notes,” Jaitley told TV channel CNN-News 18 in an interview.

The government demonetised Rs 500 and Rs 1,000 notes from November 8 midnight. New notes of Rs 500 and Rs 2,000 denomination are being issued starting Thursday in banks and post offices.

Lakhs of anxious people made a beeline to banks and post offices on Thursday to exchange their old Rs 500 and Rs 1,000 notes. Most private and public sector bank branches were seen jampacked with customers.

With the ATMs giving out new currency from midnight, it is expected to ease the queues before the banks and post offices that were witnessed entire day on Thursday.

All banks have been directed to work for 12 hours on Thursday, Friday, Saturday and Sunday to clear the rush of desperate customers for exchange transactions and, if required, remain open even next Sunday (November 20).

Jaitley said that a total amount of Rs 14 lakh crore is in circulation in the economy in high denomination notes. “But how much will be replaced by people, I cannot predict,” he said.

(IANS)

Filed Under: India

Kejriwal attacks Modi over currency spike

November 10, 2016 by Nasheman

arvind-kejriwal

New Delhi: Delhi Chief Minister Arvind Kejriwal on Thursday attacked Prime Minister Narendra Modi for demonetizing Rs 500 and Rs 1,000 notes and insisted this won’t check corruption or black money.

The Aam Aadmi Party (AAP) leader also challenged Modi to make public the names of the 648 Indians with Swiss bank accounts whose details he said were given to New Delhi during the earlier UPA regime.

Kejriwal asserted that the problem of black money would get over if the Prime Minister orders the arrest of these 648 people by Thursday evening.

“But you won’t arrest them because they are your friends,” he added in a video message.

The AAP leader said the problems of black money and corruption would not go away by Modi’s surprise decision on Tuesday spiking the existing Rs 500 and Rs 1,000 notes.

He said he had spoken to experts and no one had been able to explain how black money could be fought by axing Rs 1,000 notes and introducing Rs 2,000 notes in their place.

In the process, he said, there was chaos all around the country as people were mobbing banks to exchange or deposit their old currency.

“Do you find black marketers in the queues? Or rich people? Those in the queues are traders, rickshaw pullers, autorickshaw drivers, farmers, workers. Are these the people with black money?”

Kejriwal said the introduction of 2,000 rupee notes would only make life convenient to both bribe givers and takers. “Those who earlier took 100 notes of Rs 1,000 notes will now carry only 50 notes of 2,000 value.”

The AAP leader alleged that BJP’s “friends” knew about the development in advance and had managed to send their money abroad or bought land or gold with the previous currency.

He said the Bharatiya Janata Party had also made “arrangements” in view of the coming Uttar Pradesh elections. “The sufferers are the ordinary people.”

Kejriwal pointed out that the spiking had led to “black marketing” of the 500 and 1,000 rupee notes, with the former getting exchanged for Rs 400 and the latter for Rs 800 in black market due to people’s desperation.

“If the Prime Minister had totally abolished 500 and 1,000 notes, we would have supported the step.”

(IANS)

Filed Under: India

Karnataka education minister Tanveer Sait caught watching porn during Tipu Jayanti

November 10, 2016 by Nasheman

tanveer-sait

In an embarrassing incident, Karnataka education minister Tanveer Sait was caught watching porn on his phone during Tipu Jayathi celebrations in Raichur.

In a footage shown by local channels, Sait is seen shamelessly browsing through the photographs of skimpily-clad women as other speakers were praising the brave acts of Tipu Sultan.

The opposition BJP has called for his resignation, saying Sait had “no moral authority to continue as a Minister”. Incidentally, in 2012, two BJP MLAs had been caught watching porn on their cell phones in parliament.

Filed Under: India

Donald Trump’s win sparks protests in New York, Chicago

November 10, 2016 by Nasheman

Thousands of people opposing president-elect Donald Trump march in Chicago and New York, chanting “not my president”.

A march in Chicago was one of Wednesday's many anti-Trump rallies [Felicia Darnell/Al Jazeera]

A march in Chicago was one of Wednesday’s many anti-Trump rallies [Felicia Darnell/Al Jazeera]

by Al Jazeera

Thousands of people have taken to the streets in several US cities to protest against Republican Donald Trump’s surprise victory in the presidential election, condeming his campaign rhetoric around immigrants, Muslims and other groups.

On Wednesday evening, thousands of protesters thronged streets in midtown Manhattan, New York City. Some burned a US flag as they reached the Trump Tower while other chanted: “Not my president”.

In Chicago, roughly 1,000 people attempted to gather outside the Trump International Hotel and Tower downtown while chanting phrases like “No Trump! No KKK! No racist USA”.

Chicago police closed roads in the area, blocking the demonstrators’ path.

Protesters condemned Trump’s campaign pledge to build a wall along the border with Mexico to keep out undocumented immigrants and other policies perceived as affecting people of colour.

In his victory speech, however, Trump said he would be president for all Americans, saying: “It is time for us to come together as one united people.”

In Chicago, Angie Victoria, 27, told Al Jazeera: “I think [Trump] getting elected is an atrocity. There’s no way he’s qualified to be president, he’s so erratic. There’s no platform; he just appealed to people stewing in bigotry and racism.”

Izzy Mosser, 19, said: “A presidency under Trump is … scary. The only good thing is that people are coming together to stop him. It’s dividing and uniting at the same time.”

In Austin, the Texas capital, about 400 people staged a march through the city’s streets, police said.

Other protests were organised in Washington, DC, San Francisco, Seattle, Portland, Tennessee and other cities.

Earlier in the day, some 1,500 California students and teachers rallied in the courtyard of Berkeley High School, a San Francisco Bay Area city known for its progressive politics, before marching towards the campus of the University of California, Berkeley.

Hundreds of high school and college students walked out in protest in Seattle, Phoenix, Los Angeles and three other cities in the Bay Area, Richmond, El Cerrito and Oakland.

A predominantly Latino group of about 300 high school students walked out of classes on Wednesday morning in Los Angeles and marched to the steps of City Hall, where they held a brief but energetic rally.

Chanting in Spanish, “The people united will never be defeated,” the group held signs with slogans such as “Not Supporting Racism, Not My President” and “Immigrants Make America Great.”

Many of those students were members of the “Dreamers” generation, children whose parents entered the US with them illegally, school officials said, and who fear deportation under a Trump administration.

Wednesday’s demonstrations followed a night of protests around the San Francisco Bay Area and elsewhere in the country in response to Trump’s political upset.

In heavily Democrat Washington, DC, hundreds of Trump opponents and a few of his supporters gathered by the White House, chanting in support of immigrants and against the president-elect.

Demonstrators attacked storefront windows and set garbage and tyres ablaze late on Tuesday in the business district of Oakland, California.

Filed Under: Uncategorized

Ishaat Hussain replaces Cyrus Mistry as TCS chairman

November 10, 2016 by Nasheman

ishaat-hussain

Mumbai: Tata Consultancy Services (TCS) on Thursday announced that Ishaat Hussain will be the new Chairman of the board of directors of the company in place of Cyrus Mistry with immediate effect.

Tata Sons has also issued a special notice under Section 169 (read with Section 115) of the Companies Act, 2013, and made a requisition for an extraordinary general meeting of shareholders to consider the removal of Mistry as a director of TCS.

“Hussain shall hold office as Chairman of the company until a new chairman is appointed in his place,” the company said in a regulatory filing.

Tata Sons had removed Mistry, 48, as chairman of Tata Sons last month saying he had lost the confidence of the board due to several factors and that the trustees were increasingly concerned with the growing trust deficit.

Ratan Tata, who had made room for Mistry four years ago, was reinstated as the chair in an interim capacity.

Hussain, 69, took over as director finance of Tata Sons in July 2000. Earlier, he joined the board as an executive director in July 1999. He is also a director of several Tata firms — Tata Industries, Tata Steel and Voltas. Besides, he is the chairman of Voltas and Tata Sky.

Prior to joining Tata Sons, Hussain was senior vice president and executive director of finance at Tata Steel for almost 10 years. He joined the board of the Indian Tube Company (a Tata Steel associate) in 1981 and moved to Tata Steel in 1983 after the company was merged with Tata Steel.

A chartered accountant by training from Institute of Chartered Accountants in England and Wales, he graduated in economics from St. Stephens College in New Delhi.

(Agencies)

Filed Under: India

England 537 all out on day 2

November 10, 2016 by Nasheman

england

Rajkot: England were all out for 537 in their first innings on day 2 of the opening cricket Test against India here Thursday.

England opted to bat after winning the toss in the first of the five-match series.
Brief scores:

England 1st innings: 537 all out in 159.3 overs (Ben Stokes 128, Joe Root 124, Moeen Ali 117; Ravindra Jadeja 3/86, Mohammed Shami 2/65).

(Agencies)

Filed Under: Sports

Long queues at banks to exchange old notes

November 10, 2016 by Nasheman

old-notes

New Delhi: Long queues were seen outside banks across the country and also at RBI counters for replacement of old Rs 500 and 1,000 notes as banks opened today after demonatisation of such bills by the government on Tuesday.

Following the decision, banks were shut yesterday to stock lower denomination cash and new security-featured Rs 500 and Rs 2,000 notes. Banks have made additional arrangements for exchanging cash and deposit of old high denomination notes in order to handle heavy rush.

Banks have been asked to be open on weekends including Sunday to deal with the situation. It may be noted that ATMs are not functional today.

In order to meet the demand of new currency notes, the government has imposed a limit on withdrawal of Rs 10,000 per day and Rs 20,000 per week. This limit, however, will be increased in the coming days.

People have been allowed to exchange old notes of Rs 500 and Rs 1,000 at any bank or head post office or sub-post office with a daily limit of Rs 4,000 while showing ID proof up to November 24.

Withdrawal from ATM will be a restricted to Rs 2,000 per day per card in the first few days, which will later be raised to Rs 4,000 later.

People, however, can deposit the old notes of Rs 500 and Rs 1,000 in banks or post office accounts from November 10, till December 30, 2016 without any limit.

(PTI)

Filed Under: India

Note ban: Depositing cash above Rs 2.5L to face tax, 200% penalty on mismatch

November 10, 2016 by Nasheman

Black money

New Delhi: Further dangling the stick, government last night warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 percent penalty in case of income mismatch.

“We would be getting reports of all cash deposited during the period of November 10 to December 30, 2016, above a threshold of Rs 2.5 lakh in every account. The (tax) department would do matching of this with income returns filed by the depositors. And suitable action may follow,” Revenue Secretary Hasmukh Adhia said.

Any mismatch with income declared by the account holder will be treated as a case of tax evasion. “This would be treated as a case of tax evasion and the tax amount plus a penalty of 200 percent of the tax payable would be levied as per the Section 270(A) of the Income Tax Act,” he said.

The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations, which had been declared invalid in the nation’s biggest crackdown on black money, corruption and counterfeit notes, between November 10 and December 30.

Adhia said small businessmen, housewives, artisans and workers who had some cash lying as their savings at home should not be worried about any tax department scrutiny. “Such group of people… need not worry about such small amount of deposits up to Rs 1.5 or 2 lakh since it would be below the taxable income. There will be no harassment by the Income Tax Department for such small deposits made,” he said.

On people resorting to buying of jewelery, he said persons buying jewelery has to provide the PAN number. “We are issuing instructions to the field authorities to check with all the jewellers to ensure this requirement is not compromised. Action will be taken against those jewellers who fail to take PAN numbers from such buyers. When the cash deposits of the jewellers would be scrutinised against the sales made, whether they have taken the PAN number of the buyer or not will also be checked,” he added.

(Agencies)

Filed Under: India

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