New proposal for settlement of Ayodhya dispute

November 14, 2016

Faizabad/ Ayodhya, Nov 14: A fresh proposal for settlement of Ayodhya dispute was submitted to Faizabad divisional commissioner suggesting that a temple and a mosque be built at the site.

ayodhyaThe petition, it is claimed, has been signed by about 10,000 members from both Hindu and Muslim communities with former High Court judge Palok Basu leading the initiative.

Divisional Commissioner Surya Prakash Mishra, who is the receiver of the disputed site, said, "I received a memorandum regarding the dispute of Ayodhya and a bunch of photocopies containing some signatures. I have yet to decide what to do in this matter"

Basu said that they were hopeful that the Supreme Court will take note of it.The petition, which has 10,502 signatures, was submitted yesterday.

"We have moved this negotiation process in the Supreme Court through the authorized person (Faizabad Divisional Commissioner). We hope that the apex court will honour the public sentiments of peace and harmony," he said, adding they have proposed that the disputed site will house both Ram temple and a mosque.

In its September 30, 2010 ruling, the Allahabad High Court had awarded two parts of the site, where the Babri Masjid once stood, to Nirmohi Akhara and 'friend' of Ram Lalla and one part to Muslims, which went to Sunni Central Waqf Board of Uttar Pradesh.

Basu said their "local" effort to resolve the issue started in March 18, 2010In the past, the main litigant in Babri Masjid case, Hashim Ansari, had along with Akhara Parishad president Mahant Gyan Das discussed out-of-court settlement which broadly talked about the 70-acres of disputed premises accommodating both mosque and temple with a partition wall which will be 100 feet high.

The Vishwa Hindu Parishad (VHP) had rejected the proposal calling it an insult to the high court. Ansari died in July this year.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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News Network
May 9,2020

New Delhi, May 9: With 3,320 coronavirus cases and 95 deaths reported in the last 24 hours, India's COVID-19 cases rose to 59,662 on Saturday, informed the Union Ministry of Health and Family Welfare.

The total number of active cases in the country now stands at 39,834 while the number of cured/discharged/migrated stands at 17,847.

The country has reported 1,981 deaths so far, added the Ministry.

Maharashtra has the highest number of cases with 19, 063 followed by Gujarat with 7,402 cases and Delhi with 6,318 cases.

Meanwhile, the country continues to remain in a lockdown slated to end on May 17.

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Agencies
February 10,2020

New Delhi, Feb 10: After an hour-long standoff between the security forces and the students on Monday, the police resorted to a lathi-charge on the protesters near Holy Family hospital which is within walking distance of Jamia Millia Islamia.

A scuffle ensued when police confronted the protesters who tried to push forward towards Parliament. The lathi-charge was made to push back the protesters.

In the melee that ensued, many from both sides fainted.

Some security forces personnel resorted to the lathi-charge while others pushed back the protesters when they threw water pouches at the security forces and abused them.

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