Speaker suspends 25 Congress members of LS for five days

August 3, 2015

New Delhi, Aug 3: Confrontation between government and opposition is set to escalate with Lok Sabha Speaker Sumitra Mahajan today suspending 25 Congress members for five days for "persistently, wilfully obstructing" the House".sumitra

The Speaker 'named' (identifying for action) the 25 Congress members who were carrying placards and shouting slogans in the Well while pressing for resignation of External Affairs Minister Sushma Swaraj and Rajasthan Chief Minister Vasundhara Raje over Lalit Modi row and Madhya Pradesh Chief Minister Shivraj Singh Chouhan over Vyapam scam.

While taking the tough action under Rule 374(A), she said the members were being suspended for "persistently, wilfully obstructing the House".

She ruled that the 'named' members will not attend five sittings of the House. Congress has 44 members in all.

Mahajan adjourned the House immediately after. However, a number of the Congress members staged a sit-in in the House.

Congress President Sonia Gandhi and Vice President Rahul Gandhi also did not leave the House for quite some time and were seen holding discussions with leaders of some other opposition parties.

Her action came after several warnings and despite pleas by TMC leader Sudip Bandhyopadhyay and CPI(M) leader P Karunakaran that it would aggravate the situation.

The Rule 374(A) says: "Notwithstanding anything contained in rules 373 and 374, in the event of grave disorder occasioned by a member coming into the well of the House or abusing the Rules of the House persistently and wilfully obstructing its business by shouting slogans or otherwise, such member shall, on being named by the Speaker, stand automatically suspended from the service of the House for five consecutive sittings or the remainder of the session, whichever is less."

The move came after the government approached the Speaker slamming the Opposition for obstructing the House for the past several days.

Such a major action is the first in the current Lok Sabha.

The suspended members included B N Chandrappa, Santok Singh Chaudhary, A H K Choudhury, Sushmita Dev, Ninog Ering, R Dhruvanarayana, Gaurav Gogoi, G Sukender Reddy, Deepender Hooda, S Kodikunnil, S P Muddahanumegowda, Abhijit Mukherjee, Mullappally Ramachandran, K H Munniyappa, B V Nayak, Vincent Pala, M K Raghavan, Ranjeet Ranjan, C L Ruala, T Sahu, Rajee Satav, Ravneet Singh K Suresh, K C Venugopal and T Meinya.

Sonia Gandhi was angry at the Speaker's decision and asked Leader of Congress Mallikarjun Kharge to lodge protest.

Kharge, while objecting to the Speaker's action, said "our demand is that the ministers resign. Then everything will be peaceful".

Amid the bedlam, Home Minister Rajnath Singh said there is no FIR, no court observation and no prima facie case against Swaraj as well as the two Chief Ministers and hence there is "no justification" for them to resign.

He said the CVC too has not pointed out any wrongdoing. "We have not shied away from discussion and we are ready for it."

Singh said while Opposition has an important role in parliamentary democracy, the House should be allowed to function.

His response came when Kharge opposed the Speaker's move to name MPs from his party for disrupting the proceedings.

Before naming them, the Speaker repeatedly told Congress members not to display placards and return to their seats.

"Don't force me to take stringent action...you cannot say they disrupted proceedings so we will also do the same...we cannot denegrade ourselves further," Mahajan said.

Bandhopadhyay and Karunakaran urged the Speaker not to suspend the members and the warring parties should be given a change to resolve issue as they are "experienced politicians".

Karunakaran recalled that BJP had stalled the Lok Sabha as opposition party for one month and such an action in the present Lok Sabh could be avoided.

The Speaker said if they are ready to take guarantee for Congress members, she could have a rethink.

Some members from Left parties were also in the Well raising slogans against the government but were not displaying placards.

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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Agencies
March 6,2020

New Delhi, Mar 6: After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate.

It can be noted that the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.  “We sincerely regret the long outage. Our partner bank (Yes Bank) was placed under moratorium by RBI. Entire team's been working all night to get services back up asap (as soon as possible),” the app's chief executive Sameer Nigam tweeted early in the morning.

PhonePe, one of the country's largest digital payment platforms, is dependent on Yes Bank to process its transactions.

He added that the app hopes to be live in a “few hours”.

Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.

For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

He added that the app - one of the most popular interfaces for UPI transactions - hopes to be live in a “few hours”.

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News Network
January 18,2020

New Delhi, Jan 18: The Supreme Court Friday refused to entertain a PIL seeking conferment of 'Bharat Ratna' on Mahatma Gandhi saying that people hold the father of the nation in “high esteem”, beyond any formal recognition.

A bench, comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant, however asked petitioner Anil Dutta Sharma to give representation to the central government in this regard.

“Mahatma Gandhi is the father of nation and people hold him in high esteem, beyond any formal recognition,” the bench said.

The issue of directing the government to award Bharat Ratna to the father of the nation was not a “justiciable issue”, it said.

The bench however said that it agreed with the sentiments of the petitioner for granting official decoration to Mahatma Gandhi.

Disposing of the petition, the top court said, “We will allow you to give a representation to the Centre in this regard.”

Sharma, in his PIL, had sought a direction to the government to give “official decoration” to Mahatma Gandhi to honour him for the contribution to the nation.

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