Skip to main content

Hope GST gets nod in 2nd part of session

Enthused by the passage of bills, including real estate, parliamentary affairs minister M Venkaiah Naidu said on Wednesday he was confident that the pending GST bill can also get Parliament’s nod in the second part of the budget session.
However, he castigated Congress for pressing an amendment to the President’s address in the Rajya Sabha. Referring to the passage of 10 bills by both Houses, he said, “If we can pass real estate bill, I do not think there is a problem in passing GST bill in next part of the budget session” and noted happily that disruptions of proceedings have substantially come down.
Training guns on Opposition for pressing amendments to the Motion of Thanks to the President’ s address in Rajya Sabha, he said this is an embarrassment to Opposition, particularly the Congress and not to the NDA government. It accused the main Opposition party of “depriving” millions of people of basic education even after 68 years of Independence.
Leader of Opposition in Rajya Sabha Ghulam Nabi Azad had given an amendment in a division in which 94 voted for the amendment and 61 against. The amendment regretted that President’s address did not commit support to rights of all citizens to contest pan ch a ya te le ct ions in the back drop of law in Rajasthan and Haryana where matriculation has been fixed as the criteria for contesting the polls.
Naidu said the amendment got approved “because Congress is numerically more in Rajya Sabha. Now they are calling it a setback to the Modi government”.
“But I personally feel that the opposition, particularly Congress has embarrassed itself. Let us consider the basic issue; who is responsible for depriving millions of people the basic education even after 68 years of Independence. Congress and its supporters were in power for most of the time, both at the Centre and in the states,” he said.
He said that having neglected that, Congress is now “criminally” trying to spread “disinformation” against NDA.
“By moving such an amendment, Congress admitted that basic education during their tenure was in shambles and it was glaring that they failed miserably. So moving an amendment on such issue was an embarrassment to the Congress reflecting its failure to fulfill the basic right of the citizen,” he said.
He also argued similar provisions existed in Haryana, which Congress never tried to amend despite being in power there for long.
Hindustan Times, New Delhi, 17th March 2016

Comments

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...