Common code part of Govt’s political agenda: Opposition tells law panel
Business & Finance   Friday, December 30, 2016 IST

The BSP, which was perhaps the first birthday party to reply to the regulation panel, has slammed PM Modi for allegedly implementing the schedule of the RSS on the human beings.
most of the competition events who've responded to the law commission questionnaire at the contentious uniform civil code have dubbed the circulate to refer  The matter to it as a part of the BJP government’s “political agenda” with a number of them even wondering the timing ahead of Uttar Pradesh polls. Responding to the questionnaire, parties such as Congress, BSP and TMC are learnt to have refrained from saying as to whether or not they guide to a common code or no longer. they have, but, dubbed the decision of the authorities to refer the problem to the law panel as part of its political schedule to in addition its political interests, sources stated.

Some events have also questioned the timing of the decision to refer the problem to the fee in advance of the Uttar Pradesh assembly polls due early next 12 months.
The BSP, which changed into possibly the first birthday party to respond to the regulation panel, has slammed high Minister Narendra Modi for allegedly imposing the schedule of the RSS on the humans.
Responding to the law panel’s request to answer the questionnaire, BSP started the birthday celebration is attaching a press assertion issued through Mayawati on October 25 in Lucknow.
rather than answering the sixteen questions put out through the regulation panel, the BSP said the clicking statement is its reaction to the questionnaire.
The BSP announcement stated the BJP has been seeking to impose the schedule of the RSS at the people ever since it got here to strength on the Centre.
Asaduddin Owaisi’s All India Majlis-E-Ittehadul Muslimeen (AIMIM) is learnt to have antagonistic a not unusual code and has supported its stand thru positive court docket orders.

The NCP is learnt to have opposed the practice of “instantaneous triple talaq” however has by and huge supported separate personal laws.
extraordinarily-located sources within the panel said the questionnaire has to this point acquired over forty,000 responses which preserve to pour in even after the expiry of the closing date.
at the same time as the cut-off date to ship the responses ended on December 21, the regulation panel stated it might preserve to entertain responses received after the cut-off date.

Uniform Civil Code is one of the crucial projects before the regulation fee. The responses/replies received by way of the commission are being processed. The reaction/replies received, if any, after the date can also be taken into consideration,” it said in a quick statement.
should the practice of triple talaq be abolished and whether a uniform civil code must be non-compulsory, the regulation commission had on October 7 asked the public searching for reaction on these sensitive troubles.

The All Indian Muslim private law Board (AIMPLB) had slammed the questionnaire, saying it changed into uncalled for.
Amid a raging debate on a uniform civil code, the regulation panel had sought public perspectives on the situation to revise and reform own family laws, pronouncing the goal is to address social injustice and it's not in opposition to the plurality of legal guidelines.
The fee stated the objective behind the endeavour is to address discrimination in opposition to susceptible groups and harmonise the diverse cultural practices even because of it confident the humans the “norms of no one magnificence, institution or network will dominate the tone and tenor of own family law reforms”.

In an accompanying questionnaire, the fee had asked whether the existing non-public laws and customary practices want codification and whether or not it's advantage human beings.
should the exercise of triple talaq be abolished, retained or retained with suitable amendments; and whether a uniform civil code needs to be non-compulsory are among sixteen queries by means of the commission.

Read Full Article

Demonetisation: Last day to deposit old Rs 500, Rs 1,000 notes today
Business & Finance   Friday, December 30, 2016 IST
Demonetisation: Last day to deposit old Rs 500, Rs 1,000 notes today

Demonetisation: Last day to deposit old Rs 500, Rs 1,000 notes today

New Delhi: As the 50-day due date to store old Rs 500, Rs 1,000 notes closes on Friday, individuals are sticking their trust on an augmentation of the date.

While many anticipate that the legislature will broaden the due date of December 30 for store of invalid Rs 500 and Rs 1,000 notes, the administration has over and over emphasized that it has no arrangements to do likewise.

The legislature had on November 8 demonetised 500 and 1,000 rupee notes and solicited the holders from such notes to either store them or trade in banks between November 9 and December 30. Through this, it has taken out 86 percent of the money out of the market.

Of late, the keep running for the money appears to have facilitated somewhat in the nation as shorter lines could now be seen outside ATMs and banks.

With almost Rs 14 lakh crore out of the Rs 15.4 lakh crore worth of 500 and 1000 rupee trashed as of now kept in banks, the desire that RBI will have the capacity to give a significant profit to the administration, is by all accounts an opposing suggestion, a news paper has reported.

Rubbishing commentators, Finance Minister Arun Jaitley yesterday said the impacts of demonetisation were not as unfavorable as was anticipated and declared that there has been a sharp bounce in assessment accumulations and financial action incorporating into winter edit sowing.

He included that the remonetisation procedure has generously progressed, fundamentally without a solitary occurrence of turmoil anyplace in the nation.

Be that as it may, the Finance Minister declined to danger a figure on the GDP development for the year or the conceivable effect on duty recommendations in the his Budget for 2017-18 by virtue of expanded income accumulations.

Jaitley said an extensive part of the Rs 15.4 lakh crore of old high section notes available for use on November 8 have as of now been supplanted and the Reserve Bank of India (RBI) has a lot of coin accessible to bolster any liquidity require.

Then, two days before the due date for keeping old 500 and 1,000 rupee notes lapses, the Cabinet on Wednesday affirmed proclamation of an Ordinance to make ownership of a substantial number of rejected banknotes a punitive offense that will pull in financial fine.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding of old 1,000 and 500 rupee notes after March 31 past an edge sum a criminal offense that will draw in a money related fine of Rs 10,000 or five circumstances the money held, whichever is higher.

Read Full Article

More in Business & Finance
Wholesale inflation falls to 2.6% in Sept as food items soften.

Wholesale inflation fell to 2.60% in September as prices of food articles, led by vegetables, softened.   Inflation, based on t...


Facebook launches food order and delivery service for users in US

Facebook Inc on Friday launched a service through which its US users can order food for take-away or delivery directly through its app or website. Facebo...


IMF favours structural reforms in Indian banking sector, labour market...

  The International Monetary Fund (IMF) has suggested a three-pronged approach for structural reform in India that includes addressing the cor...


Samsung Electronics CEO Kwon Oh-hyun steps down

Samsung Electronics on Friday said that its CEO and Vice Chairman Kwon Oh-hyun will step down from the management. Kwon’s departure comes months after group s...


TCS posts 3.2% sequential rise in Sept quarter dollar revenue.

Tata Consultancy Services Ltd (TCS)’s quarterly revenue rose 1.7% in constant currency terms in the second quarter from the preceding three months, lower th...


Stock market rally continues, Sensex above 32,000

  The stock market got on to the front foot today as the benchmark Sensex reclaimed the 32,000 -mark by jumping over 104 points after domestic...