ABVP seeks action against St Joseph's over Gauri rally

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

Kochi, Feb 29: The Kerala Non-Resident Indians' Commission on Friday passed a resolution to request the Centre and Election Commission (EC) to make appropriate amendments in the Representation of Peoples Act, 1951, to ensure voting rights to the non-resident Indians working abroad. According to People’s Representation Act, 1951, None-Resident Indians (NRIs) can vote by proxy.

The Commission is a statutory body constituted for the welfare of Non-Resident Keralites working outside India.

The Centre had introduced a bill for this purpose which was passed by the Lok Sabha in 2018, but the same has since lapsed.

Therefore, the Kerala NRI Commission decided to request the Centre to consider introducing the bill in the next session of Parliament considering the interest of the NRI community at large.

The resolution was moved by commission member and NRI entrepreneur Shamsheer Vayalil, who is also a petitioner in the writ petition, filed regarding this in the Supreme Court.

"The central government may consider introducing the bill in the next session of the Parliament session considering the interest of the NRI community at large," read the resolution which will now be sent to the Ministry of Law and the Election Commission (EC).

Commission chairman Justice PD Rajan said the right to vote for NRIs is a genuine demand.

"This is the time that we step up pressure on the agencies concerned to implement this. Voting from the workplace would be a different experience for them. It would be a decisive step," he said.

This fresh development comes at a time when a petition filed in the Supreme Court on the same topic last week came before a bench headed by Justice Deepak Gupta, which considered the case and said it will be heard in April.

"We are expecting a favourable decision from the Supreme Court. We would also approach the NRI commission in other states and request them to raise the same demand," said Vayalil.

If implemented, millions of NRIs around the world would be able to exercise their franchise in the electoral processes of the nation. According to the estimate of the Ministry of External Affairs, there are about 3.10 crore NRIs.

Bengaluru, Jul 9: The State Education Minister of Karnataka clarifies that 2nd PUC result 2020 to be declared around July 20. The Minister’s tweet signals that Karnataka Second Pre- University examinations result is not releasing today, and likely to be declared around July 20, 2020.

Taking on his tweeter account Karnataka Education Minister S Suresh Kumar on Thursday informed that the 2nd PUC results (Class 12th) would not be declared on Thursday, that is on July 9 and would be available around 20th July. Earlier students presuming the result on Thursday had been started asking Education Minister whether Karnataka 2nd PUC Results would be announced today or not.

Addressing the students quarries, on Thursday Education Minister S Suresh Kumar took to his tweeter account and tweeted, “2nd PUC results are not announcing today, the results would be released around July 20, 2020”, or the second last week of July. Education Minister took to his twitter account to console the students, he tweeted “Many students are calling me to know whether Second PUC results will be announced Today. I once again inform all that Second PUC results will come out around 20th July.

Many students are calling me to know whether Second PUC results will be announced Today.

I once again inform all that Second PUC results will come out around 20th July.

— S.Suresh Kumar, Minister - Govt of Karnataka (@nimmasuresh) July 9, 2020

Earlier, the education minister informed that Karnataka Secondary School Leaving Certificate Exam, SSLC Results 2020 would release most likely by August first week and Second Pre-University (2nd PUC) Results 2020 would be declared by last week of July.

Karnataka earlier decided to hold the Board exams in spite of the opposition faced due to health risks over Corona Virus. The remaining SSLC & 2nd PUC examinations in Karnataka took place with the strict precautionary measures. The Education Minister himself carried out the inspection of many exam centres during the exams, a report said.

Evaluating the answer copies of exams, now results are to be declared in the month of July and August 2020. To get the result updates students are advised to keep visiting the official website of Department of Pre-University Education, Karnataka.