High Court orders floor test in Uttarakhand Assembly on March 31

March 29, 2016

Nainital, Mar 29: The Uttarakhand High Court today ordered a floor test in the Assembly on March 31, giving a new turn to the political events in the state where President's Rule was imposed on Sunday.

AssemblyAll MLAs, including the nine ruling Congress rebels, can participate in the trial of strength but the votes of the disqualified legislators will be kept separate.

They will be taken into account subject to final outcome of the writ filed petition by Chief Minister Harish Rawat challenging the imposition of President's Rule, senior Supreme Court lawyer and Congress leader Abhishek Manu Singhvi told reporters after the second day of the hearing here.

The High Court ordered the DGP to ensure security in the Assembly when the floor test is carried out.

Rawat, whose government was sacked on Sunday on the grounds of "breakdown of Constitutional machinery", had moved the court yesterday, calling the Centre's decision as "arbitrary" and demanded its quashing.

Singhvi said the court accepted Congress position that despite the President's Rule, there is enough scope for judicial review to allow a floor test, which was sought by it.

He said Governor K K Paul too had directed holding of the floor test on March 28 and Rawat had also made the same demand twice.

"Now only the date has changed from March 28 to March 31," Singhvi said. He said mere allegations of horse-trading cannot justify the imposition of President's Rule and stop a floor test.

The Centre had imposed the President's Rule just a day ahead of the date (March 28) fixed for the floor test.

On the question of disqualification of 9 rebel Congress MLAs, Singhvi said the court did not set it aside and a final decision on it will come later. He said both the sides would consider their future legal recourse.

Singhvi said for purpose of counting, the votes of the disqualified MLAs will be kept separate and will be subjected to final outcome of the case. "The votes will not be taken as valid votes till then," the Congress lawyer said.

The political crisis in the state arose after nine Congress MLAs voted with the BJP against the Appropriation Bill on March 18 which the Speaker declared as passed, ignoring demands for Division.

Following this, Speaker Govind Singh Kunjwal issued notices to the nine rebel Congress MLAs under the anti-defection law as to why they should not be disqualified.

Even as there were reports that the rebels were disqualified, on Saturday night the Union Cabinet met and considered the Governor's report which had spoken about a breakdown in governance and expressed apprehensions of a possible pandemonium in the House during the floor test on March 28.

The Union Cabinet recommended to President Pranab Mukherjee bringing the state under President's Rule by invoking Article 356 of the Constitution, which he signed on Sunday.

After the state was brought under the central rule, the Speaker disqualified the nine rebel Congress MLAs.

Union Finance Minister Arun Jaitley, who had met the President on Sunday night and briefed him on the Cabinet decision, later justified the imposition of President's Rule, saying the Congress "plunged the State into a serious constitutional crisis by continuing a Government which should have quit after the failure of the Appropriation Bill".

To further complicate the crisis, "the Chief Minister started allurement, horse-trading and disqualification with a view to altering the composition of the House", he had said.

"After the Assembly has been put under suspended animation and the decision has been made public, the Speaker has decided to disqualify some Members. The constitutional breakdown has been compounded further by this action," he had said.

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
February 26,2020

New Delhi, Feb 26: Calling the recent violence in Delhi as 'planned conspiracy', Sonia Gandhi on Wednesday demanded Union Home Minister Amit Shah's resignation over the clashes that left 20 people dead in two days.

"CWC (Congress Working Committee) believes Home Minister and Centre is responsible. The Home Minister should tender his resignation with immediate effect," the Congress party's interim chief told reporters here.

Violent clashes erupted between pro and anti-CAA groups in parts of northeast Delhi on Monday, leading to widespread vandalism and arson for over two days.

While many blamed police for inaction to control the mobs, Union Home Minister Amit Shah met the top brass of Delhi Police, Chief Minister Arvind Kejriwal, LG Anil Baijal and directed the officials to control the situation.

Gandhi blamed both the Central and the Delhi governments, saying the administration did not take adequate steps on time to curb violence in the national capital.

"Chief Minister Arvind Kejriwal and Center is equally responsible for not activating the administration to reach out to the people to maintain peace and harmony," Sonia added.

The death toll in the violence rose to 20 on Wednesday, according to GTB hospital authorities.

Government sources told ANI that the National Security Advisor (NSA) Ajit Doval has been given the charge of bringing normalcy in the capital.

Sources also said that Doval will brief Prime Minister Narendra Modi and the Cabinet about the prevailing situation.

The NSA last night visited Jaffrabad, Seelampur and other parts of northeast Delhi where he held talks with leaders of different communities.

Without naming any leader, the Congress interim president also targeted the leaders of the Bharatiya Janata Party for making inflammatory statements saying that "there is a conspiracy behind the violence, country also saw this during Delhi elections. Many BJP leaders made inciting comments creating an atmosphere of fear and hatred."

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