Muslim clerics, leaders welcome apex court ruling on Haj

May 8, 2012

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New Delhi/Lucknow, May 8: Majority of Muslim clerics and leaders Tuesday welcomed the Supreme Court ruling directing the government to eliminate in the next 10 years the subsidy given to Hajis - pilgrims to the holy Makkah.

The clerics and leaders said that instead of providing subsidies, the Haj committee, an autonomous body under the Indian government responsible for making arrangement for Haj pilgrimage, should be revamped.

The leaders demanded open tendering of tickets which would result in Air India, which at present has the ticketing monopoly, having to compete with other airlines to attract maximum travellers and giving cheaper tickets.

“We welcome this ruling. If people from other religions don’t get subsidies for pilgrimages, why should we. We all are equal citizens of the country,” Mukarram Ahmed, Shahi Imam of Delh’s Fatehpuri Masjid, told IANS.

Agreed Shahi Imam of Jama Masjid, Syed Ahmed Bukhari: “It should not take ten years for the ban on subsidy to come into effect but it should be done away with within a year.”

“The Haj committee should be made more powerful and better services, including cheap tickets, should be offered to those going on the pilgrimage,” Vice-Chancellor of Darul Uloom Deoband Mufti Abul Qasim Nomani told IANS.

“There should be open tendering of tickets so that there is competition and we get the best deal,” he added.

Bukhari slammed the present subsidy scheme and accused Air India of overcharging.

“Just because they have a monopoly, a Delhi to Jeddah ticket costs us Rs.45,000 whereas Saudi Arabian airlines’ ticket costs only Rs.22,000. Where is the money going? ... in the pockets of Air India,” said Bukhari.

Sunni community leader Haji Khalid Rasheed too said they were demanding for a long time that the subsidy by the union government be withdrawn.

"We have asked the government to axe the subsidy and to alternately follow it up with open tendering of air tickets… which would bring down the ticket prices heavily,” he said in Lucknow.

However, some like Shia cleric Kalbe Jawwad of Lucknow said the apex court was "not within its rights to make laws" as it was a custodian of laws and the ruling may hit the poor Muslims who would be deprived of their holy Haj.

Agreed Wasim Ahmad, Uttar Pradesh minister for basic education, who said he was "feeling let down" by the ruling. "What can I say on this, it is sad ... but then it is that way that the apex court works," he mused.

Many said that if someone is poor and not able to undertake a Haj, there is nothing wrong in it.

“A Haj is undertaken only if you have the money, are in good health and have performed all your duties towards your family. Going on a Haj with money you borrowed from someone is absolutely prohibited,” said Mukarram Ahmed.

“The withdrawal of subsidy won’t have any effect on us and we have no objection,” he added.

When IANS contacted the Haj Committee of India’s Delhi office, the officer in charge refused to comment on the ruling.

India provides subsidy to over a lakh pilgrims who go to Makkah and Madina annually and spends over Rs.600 crore ($120 million) every year on the pilgrimage.

The government provided subsidised air fare to 120,131 pilgrims in 2009, to 126,191 pilgrims in 2010, and 125,051 pilgrims in 2011.

A Supreme Court bench headed by Justice Aftab Alam Tuesday directed the government to eliminate the subsidy for Haj pilgrims in the next 10 years. The court also directed that the goodwill delegation sent by the government every year to Makkah should now be scaled down to two from its present strength of 30.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

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SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
June 17,2020

New Delhi, Jun 17: Petrol and diesel prices were increased in metros on Wednesday, marking the eleventh straight day of increase since state-owned oil companies returned to the normal practice of daily reviews following a 12-week pause. With effect from 6 am, the price of petrol was increased by 55 paise per litre, and diesel by 69 paise per litre in Delhi, compared to the previous day. While the price of petrol was revised to Rs 77.28 per litre in the national capital from Rs 76.73 per litre the previous day, the diesel rate was increased to Rs 75.79 per litre from Rs 75.19 per litre, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer. In the 11-day period, the price of petrol has been increased by a cumulative Rs 6.02 per litre, and diesel by Rs 6.49 per litre.

International crude oil prices retreated on Wednesday, weighed down by an increase in US crude inventories and worries about a potential second wave of the coronavirus pandemic. Brent crude futures - the global benchmark for crude oil - were last seen trading 1.0 per cent lower at $40.56 per barrel.

State-run oil marketing companies revise the prices of petrol and diesel from time to time, besides aviation turbine fuel (ATF) - or jet fuel - and liquefied petroleum gas (LPG). However, since March 16, the oil companies had kept petrol and diesel prices on hold, possibly due to the volatility in global oil markets.

Fuel retailing in the country is dominated by state refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. The three own about 90 per cent of the retail fuel outlets in the country.

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Agencies
May 17,2020

New Delhi, May 17: The HRD Ministry on Saturday postponed announcement of the exam schedule for pending class 10 and 12 board exams, saying the CBSE is still considering certain technical aspects before finalising the datesheet.

The ministry had earlier announced that it would notify the schedule at 5 pm on Saturday.

"CBSE is taking into consideration some additional technical aspects before finalizing the datesheets of the board exams of classes 10th and 12th, due to which, the datesheets will now be released by Monday i.e. 18-05-2020. Inconvenience caused is sincerely regretted (sic)," Union HRD Minister Ramesh Pokhriyal 'Nishank' tweeted.

The ministry had last week announced that the pending class 10 and 12 CBSE exams, which were postponed due to the COVID-19-induced lockdown, would be conducted from July 1 to 15.

However, the schedule as well as the modalities and guidelines have not been announced yet.

While class 12 exams will be conducted across the country, the class 10 exams are only pending in North East Delhi where they were affected due to the law and order situation.

Universities and schools across the country have been closed and exams postponed since March 16 when the Centre announced a countrywide classroom shutdown as one of the measures to contain the COVID-19 outbreak.

Later, a nationwide lockdown was announced on March 24, which has now been extended till May 17.

The board was not able to conduct class 10 and 12 exams on eight examination days due to the coronavirus outbreak.

Further, due to the law and order situation in North East Delhi, the board was not able to conduct exams on four examination days, while a very small number of students from and around this district were not able to appear in exams on six days.

The board had last month announced that it will only conduct pending exams in 29 subjects which are crucial for promotion and admission to higher educational institutions.

The modalities of assessment for the subjects for which exams are not being conducted will be announced soon by the board.

The schedule has been decided in order to ensure that the board exams are completed before competitive examinations such as engineering entrance JEE-Mains, which is scheduled from July 18-23, and medical entrance exam NEET, which is scheduled on July 26.

The University Grants Commission (UGC) has issued guidelines to universities that the new academic session for freshers will begin from September while for the existing students from August.

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