SC to hear plea seeking relief for NRIs from Aadhaar-bank link

News Network
November 18, 2017

The Supreme Court of India has allowed a UAE-based NRI professional to approach the Bench, expected to be set up to hear the petitions challenging the Aadhaar scheme, with his plea to exempt Non-Resident Indians from linking their bank accounts with Aadhaar.

A Bench, led by Justice A.K. Sikri, took note of the plea by Femin Panikkassery Subramaniyan as the law allows only resident Indians to enrol for Aadhaar. Mr. Subramaniyan referred to the Prevention of Money-laundering, Second Amendment Rules, 2017, to submit that non-linking would lead to indefinite blocking of his bank accounts and he would be robbed of his hard-earned money for no fault of his.

“As the things stand today a person residing in India alone can get enrolled for Aadhaar,” the petition said.

The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 defines 'resident' as an individual “who has resided in India for a period or periods amounting in all to one hundred and eighty-two days or more in the twelve months immediately preceding the date of application for enrolment”.

“Thus the Aadhaar Act as it stands today does not permit Aadhaar enrolment of an NRI, PIO or any other class of Indian expatriates. The present amendment has created untold miseries to the millions of expatriates including the petitioner. His financial base has been wrecked owing to the whims are vagaries of some Thuglakian administrators,” the petition said.

Remittances to India stood at $72 billion in 2015, accounting for over 4% of the country's GDP, it said.

Meanwhile, the same Bench allowed former Kerala minister Binoy Viswam to withdraw his petition challenging the mandatory linking of Aadhaar to file income tax returns. Mr. Viswam was however, given liberty to approach the Constitution Bench, which will hear the various petitions challenging the Aadhaar scheme.

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News Network
January 16,2020

Davanagere, Jan 16: Congress leader D K Shivakumar on Thursday turned down all the recent media reports of him aspiring for the coveted Karnataka Pradesh Congress Committe (KPCC) president post.

Terming all the news, doing rounds, as baseless, Shivakumar said that he never made any attempt to become KPCC president. "All I want to do is work for my people and party", he asserted.

Referring to Chief Minister B S Yediyurappa's visit to Harihar's 'Our Lady of Health Minor Basilica' programme, Shivakumar said."I'm not concerned about what others are doing, everyone is free to take part in the programmes."

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News Network
February 2,2020

Mangaluru, Feb 2: A local court on Saturday remanded Aditya Rao,the suspect in the Mangaluru International Airport (MIA) bomb case, to two weeks judicial custody.

Rao was produced before the Sixth Judicial First Class Magistrate Court after the 10-day police custody expired.

Rao has been in police custody since January 22 after he surrendered before the police in Bengaluru on January 21 and was later brought here.

He had allegedly planted an Improvised Explosive Device (IED) at the airport on January 20 triggering panic and later made a hoax call to the airport terminal that a bomb had been planted in an IndiGo flight.

During the last ten days, police took the accused to several places in the city and Udupi where he had frequented in the recent past.

He was also taken to the room where he stayed while he was working at a hotel in the city.

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coastaldigest.com news network
May 27,2020

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

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