Governor's rule imposed in J and K

January 9, 2015

New Delhi, Jan 9: Governor's rule was imposed in Jammu and Kashmir today after political parties failed to muster the requisite number in the 87-member Assembly for staking claim to form the government.

J K governor

The decision came after Governor N N Vohra submitted a report to the President last night stating that Omar Abdullah had requested to be relieved of the post of being a caretaker Chief Minister.

The report contained some suggestions including the option of a spell of Governor's rule in the wake of no party getting the number required to form a government after the highly- fractured verdict in the Assembly elections, official sources said here.

Union Home Minister Rajnath Singh had last night forwarded the report to the Prime Minister's Office for necessary action.

Governor's rule was imposed in the state under Section 92 of Jammu and Kashmir Constitution which allows the Governor to proclaim it in case of failure of Constitutional machinery in the state.

President Pranab Mukherjee is understood to have given his concurrence for Governor's rule which has been imposed in the state for the sixth time since 1977.

Omar had said the state needed a full-time administrator to deal with the situation along the border with Pakistan and providing relief to flood-affected people in the Kashmir Valley.

He was asked to continue as caretaker Chief Minister on December 24 after his resignation in the wake of defeat of his party, National Conference (NC), in the Assembly poll results declared on December 23.

More than a fortnight after the results have been out, neither PDP which emerged as the single largest party with 28 seats nor BJP with 25 could get the magic figure of 44 to stake claim to form a government. NC has 15 MLAs while the Congress 12.

The new Government was required to be constituted before January 19 when the term of the current Assembly expires. Omar's decision may have also hastened the Governor's decision to send a report to the Home Ministry.

The state is witnessing such a stalemate for the second time in 12 years. A similar situation had arisen when Farooq Abdullah had asked the then Governor G C Saxena to relieve him of being a caretaker Chief Minister as PDP and Congress were taking a lot of time in cobbling up numbers to form the government.

Despite intervention by the then Prime Minister Atal Bihari Vajpayee, Abdullah refused to continue as the caretaker Chief Minister and Governor's rule had to be imposed for a fortnight from October 18, 2002.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
June 4,2020

New Delhi, Jun 4: India on Thursday witnessed a record single-day spike of 9,304 coronavirus cases taking the country's tally to 2,16,919, according to the Union Ministry of Health and Family Welfare.

The ministry informed that 260 more deaths due to coronavirus were reported in the last 24 hours.

The total number of cases in the country now stands at 2,16,919 including 1,06,737 active cases, 1,04,107 cured/discharged/migrated and 6,075 deaths.

Maharashtra has so far reported 74,860 cases, more than any other state in the country.

In Tamil Nadu, 25,872 cases have been detected so far while Delhi has reported 23,645 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 1,39,485 samples were tested in the last 24 hours whereas 42,42,718 samples have been tested till date.

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Agencies
March 15,2020

New Delhi, Mar 15: The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of debit and credit cards.

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

These rules will be applicable for new cards from March 16. Those with old cards can decide whether to disable any of these features.

As per the existing rules, these services used to come automatically with the card, but now it will start at the request of the customer.

Debit or credit card customers who have not yet done any online transaction, contactless transaction or international transaction with the card, then these services on the card will automatically stop from March 16.

The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week.

If the customer makes any change in the status of the card, the bank will alert the customer through SMS/email and send the information.

Issuers shall provide to all cardholders facility to switch on/off and set/modify transaction limits (within the overall card limit, if any, set by the issuer) for all types of transactions -- domestic and international, at PoS/ATMs/online transactions/contactless transactions, etc.,

The provisions, however, are not mandatory for prepaid gift cards and those used at mass transit systems.

The latest instructions come in the wake of rising instances of cyber frauds and the huge increase in the use of cards.

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