Nation
Congress challenges Aadhaar bill as money bill in SC
New Delhi : Congress leader Jairam Ramesh on Thursday said he has filed a writ petition in the Supreme Court challenging the Aadhaar bill being classified as a money bill.
 
The Lok Sabha had ealier rejected all the five amendments to the Aadhaar bill recommended by the Rajya Sabha and passed the bill by voice vote.
 
The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 was passed after Finance Minister Arun Jaitley sought to allay apprehensions of the Opposition concerning the bill.
 
"I have filed a writ petition challenging Aadhaar bill as a money bill in the Supreme Court. It is important because declaring the Aadhaar bill as money bill violates Article 110 of the Constitution and has grave implications for the future of the Rajya Sabha itself," said Ramesh.
 
"We are likely to get the date of hearing on April 15," he added. 
 
The Congress and other opposition parties had made a strong pitch against the overall nature of the bill in the Rajya Sabha.
 
Since it was introduced as money bill by the government, the Aadhaar bill was passed by parliament. As per constitutional provisions, the Rajya Sabha has limited powers with respect to money bills.
 
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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COMMENTS

Param

8 months ago

when congress wanted to put aadhar in place, bjp was opposing it. now bjp has managed to put it in place, congress is opposing it. what kind of jokes do we pay these MPs to play???

Ankur Agarwal

8 months ago

Shame on this fellow Jairam Ramesh and his Party.

States' expenditure quality improves with FRBM: RBI
Mumbai : The Reserve Bank of India (RBI) on Thursday said expenditure quality at the sub-national level in India has somewhat improved with the implementation of fiscal responsibility and budget management (FRBM) rules.
 
"The existing levels of high revenue and non-development expenditure in states' total spending is of concern as it can inhibit growth at the state level, it said in a statement following release of areport titled "State Finances: A Study of Budgets of 2015-16", an annual publication which is the primary source for disaggregated state-wise fiscal data.
 
The report said empirical analysis indicates that expenditure on social and physical infrastructure could have growth augmenting effects.
 
The RBI also said the quality of expenditure could be improved through prioritisation and rationalisation that would generate fiscal space for raising the share of capital expenditure, which is conducive for growth.
 
Fiscal consolidation by states should emphasise revenue augmenting measures, improving the viability of power distribution companies and rationalisation of centrally sponsored schemes, while reining in slippages in the gross fiscal deficit from the path of fiscal discipline and the double digit growth in outstanding liabilities of state governments, it said.
 
The central bank also said reforming state level public enterprises and the proposed implementation of the consumption-based destination-centric goods and services tax (GST) could strengthen state finances.
 
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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Overall Indian server market surged 19.2 percent in 2015: IDC
New Delhi : Market intelligence and advisory services International Data Corporation (IDC) on Thursday said overall Indian server market rose by 19.2 percent in calendar year 2015 with 1,57,061 units shipment against 1,31,695 units sold in 2014.
 
"Nation-wide 4G roll outs and the entry of globally established cloud services providers continued to drive the compute demand through the last three quarters of CY 2015," IDC said in a statement.
 
Digital India and Nasscom's '10,000 Startups' initiatives boosting the incubation of several start-ups also indirectly bolstered the compute demand, it said.
 
"Taking cues from the influx of a widely diversifying e-commerce ecosystem, home-grown hosting service providers further contributed to the compute demand by ramping up their existing infrastructure for enhanced offerings," said the statement.
 
However, Q4 of 2015 witnessed 16.2 slump in server shipments with 32,853 units compared to Q3.
 
According to IDC, HP dominated the x86 family of server sales by grabbing 36 percent market share in Q4, followed by Dell with 24 percent, Lenovo with 12 percent, Cisco with five percent, Fujitsu with four percent and others 19 percent.
 
HP continued its domination on the revenue front as well with a 47 percent market share, followed by Dell with 24 percent, Lenovo with 12 percent, Cisco with six percent and white box providers with three percent.
 
"Server market in India is expected to drive consistent demand through CY 2016. Government backed surveillance and smart city projects and Digital India drives are expected to draw sizeable compute demand through the next few quarters," the statement added.
 
IDC data is used by IT, telecom and consumer technology industries.
 
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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