Out of court settlement: Shia board proposes temple in Babri land; mosque in Lucknow

Agencies
November 20, 2017

Lucknow, Nov 20: Uttar Pradesh Shia Waqf Board today proposed relinquishing its right over the disputed land in Ayodhya, and building a 'masjid-e-aman" in Lucknow to resolve the Ram janmabhoomi-Babri masjid tangle, a move rejected by the Muslim protagonists involved in the protracted legal feud.

The board, which is the 'mutawalli' (caretaker) of the Babri Mosque, has proposed giving up its right over the land in Ayodhya, and a draft for resolving the issue, prepared by the Shia Waqf Board, has been submitted in the Supreme Court on November 18, its chairman Wasim Rizvi told reporters here.

Claiming that the formula for resolving the matter proposed by the Shia Waqf Board was the best, Rizvi said it is of the view that instead of Ayodhya, a 'masjid-e-aman' (the mosque of peace) be constructed in Lucknow's Hussainabad area.

The Board, he said, has requested the government to provide a one acre plot for it.

The proposal, however, did not go down well with the All India Muslim Personal Law Board (AIMPLB).

"On whose behalf has he brought this draft proposal? He (Rizvi) does not enjoy the confidence or recognition of either the Sunni sect or the Shia sect," AIMPLB counsel in the case and its senior member Zafaryab Jilani said.

Jilani, who is also the convenor of Babri Masjid Action committee, referred to some legal shortcomings in the draft proposal.

"The Shia Board has no authority over the disputed land as the Allahabad High Court, in 2010, had ruled a three-way division of the disputed 2.77-acre area at Ayodhya among Sunni Waqf Board, Nirmohi Akhara and Lord Ram Lalla...the Shia board has no right over any part of the land," he said.

Moreover, Jilani said since the Shia Waqf Board did not appeal against the high court's decision, it meant that the ruling, which was binding on all till the Supreme Court announced its judgement, was acceptable to them.

Rizvi, however, rejected the claim of UP Sunni Central Waqf Board over the disputed site, saying that the Allahabd High court had given the land to Muslims and not to Sunni Waqf Board.

Chairman of the UP Sunni Central Waqf Board Zafar Farooqui said any claim can be accepted or rejected only by the court "...our involvement has been since 1961 and it is being rejected by the Shia Board now...he (Rizvi) does not have the authority to do so..."

Rizvi, he said, has been chairman of the board since 2006-07, and could have spoken on the subject even when the case was being heard by the Lucknow bench, which came up with its verdict in 2010, or in the Supreme Court where the hearing is going on for the last seven years.

"It is absurd. He has been silent on it ever since and has become active only now. The case is going on in the highest court of the country. Whatever he has to say, he should do it in the court. What's the relevance of releasing his formula to the media?" he said.

Jilani alleged that Rizvi was "working overtime to please certain forces in order to serve his personal motives".

Rizvi, who addressed the press conference along with Mahant Narendra Giri, chairman of the All India Akhara Parishad, alleged that the Shia Board's views on the matter were never put forward in a forceful manner because the lawyers deployed for the purpose were "fake".

Referring to the criticism of his recent actions, Rizvi said it was because the board was never given any court copy and that it was not aware that lawyers were pleading on its behalf.

It was only on March 21, 2017, when the apex court said that talks could be initiated for mutual agreement to end the dispute that the Shia Waqf Board looked into the files in detail only to find that though it is a party in the case it never gave 'wakalatnama' to the counsel appearing on its behalf, Rizvi said.

"It is a matter of probe that the case is being pursued by overlooking the actual claimant which is the Shia Board...I have requested the central and state governments to get it enquired as to who had fielded the lawyers on our behalf," he said.

On Rizvi's allegations regarding fake counsel, Jilani said that it should be probed by the Shia board itself.

Jilani, however, said that he had never seen any counsel pleading on behalf of the Shia Board in the court.

On the role of AIMPLB, Rizvi said it (board) should have come forward for a dialogue but since it did not take the initiative, Shia board had to come forward.

Giri said a Ram temple in Ayodhya will be constructed and that an amicable settlement should be reached on the issue by talking to all the parties concerned.

Comments

Fairman
 - 
Tuesday, 21 Nov 2017

Anti Nationals / Terrorist following the devide and rule (same as British done before the Independence) with Sunni Muslims and Shia people for their benefits by giving money one way or other.  But these (Shia) absent minded people is folowing this because of Publicity. 

Mohammed SS
 - 
Tuesday, 21 Nov 2017

First of all Shias are not Muslims they can worship Ram as well, and they can perform their prayer in Ram Mandhir also, they dont have any right to interfere in this issue. This land belongs to Sunni waqf board and it will remain forever to build Mosque or to keep the land vacant it is Sunni Waqf bord choice and Shias nothing to do with this it is  Shia hated world wide and they will became rare to see very soon. 

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
March 4,2020

Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.

"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.

The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.

The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.

The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4

Yediyurappa is also expected to spell out populist schemes for the poor.

Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."

he amounts are released once every two months, but the Centre had fallen behind on payments. PX

"There are indications that another payment will be made."

The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.

However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.

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News Network
March 11,2020

New Delhi, Mar 11: Congress leader Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of “destabilising” the elected Congress government in Madhya Pradesh.

Gandhi also said the PM may have “missed” noticing the 35 per cent crash in global oil prices and asked him to pass on the benefit to Indians by slashing petrol prices.

“Hey @PMOIndia, while you were busy destabilising an elected Congress Govt, you may have missed noticing the 35 per cent crash in global oil prices.

“Could you please pass on the benefit to Indians by slashing #petrol prices to under 60 per litre? Will help boost the stalled economy,” the former Congress chief said on twitter.

Congress' prominent youth leader Jyotiraditya Scindia quit the party on Tuesday and appeared set to join the BJP amid a rebellion in Madhya Pradesh by his supporters, pushing the 15-month-old Kamal Nath government to the brink of collapse.

On Tuesday morning, as much of India was celebrating Holi, Scindia met senior BJP leader and Union Home Minister Amit Shah, following which he called on Prime Minister Narendra Modi at his 7, Lok Kalyan Marg residence.

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