Citizens' Issues
Bill on commercial courts introduced in the Lok Sabha
A bill which enables creation of commercial divisions in high courts and commercial courts at the district level was introduced in the Lok Sabha on Monday.
 
Law Minister D.V. Sadananda Gowda introduced The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015.
 
According to the bill, the commercial courts shall be constituted at district level except for the territory over which any high court is having ordinary original civil jurisdiction.
 
The commercial divisions shall be set up in those high courts which are already exercising ordinary original civil jurisdiction such as Delhi, Bombay, Calcutta, Madras, and Himachal Pradesh High Court. The commercial division shall have territorial jurisdiction over such area on which it has original jurisdiction. 
 
The minimum pecuniary jurisdiction of such commercial courts and commercial division is proposed as one crore rupees.
 
The Law Commission of India, in its 253rd report, had recommended setting up of commercial courts, commercial divisions, and commercial appellate divisions in the high courts for disposal of commercial disputes of specified value.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Life limps back to normalcy in flood-hit Chennai
Life in flood-hit Chennai was slowly limping back to normalcy on Monday, with shops opening up and a massive clean up initiated in areas where the water levels have receded.
 
the living conditions here were still not okay. Resumption of auto-rickshaw services and public transport made people's life easier after being completely crippled for the past five days. 
 
A major cleaning operation was launched in the areas where the water levels have receded to prevent an epidemic outbreak. 
 
While rains have stopped in Chennai, there were showers in some part of Tamil Nadu, including Thiruvarur, Nagapattinam and Cuddalore districts. The Met office said a new low pressure area was formed over the Bay of Bengal. 
 
Schools and colleges are yet to open in Chennai.
 
The Southern Railway said train services have resumed from Chennai. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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Retirement: PF Withdrawal Claims without Employers’ Attestation
The Employees’ Provident Fund Organisation (EPFO) has allowed subscribers to file their applications directly, without employers’ attestation. This will help online settlement of PF withdrawal claims. 
 
Currently, subscribers submit their provident fund withdrawal requests manually through their employers for which attestation of forms is mandatory. 
The new system will obviate this need and be available to all subscribers whose Universal Account Number (UAN) (or portable PF) is activated and seeded with the KYC (know your customer) details like bank account and Aadhaar number.
 
“The facility of filing withdrawal claims directly to EPFO will help us eventually in launching the facility for settling such applications online. We hope that now we would be able to launch the online PF withdrawal facility within this fiscal,” EPFO’s central provident fund commissioner KK Jalan told news agencies.
 

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