Companies & Sectors
India's core industry index shows positive growth in January

The index representing major infrastructure sectors had also recorded growth in December 2015

 

The industrial output index for India's eight core industries registered growth in January, pushed up by higher coal, refinery products, fertilizers, cement and electricity output, an official statement said.
 
The index representing major infrastructure sectors had also recorded growth in December 2015.
 
The index showed a rise of 2.9 percent in January 2016 on a month-on-month basis, compared to the 0.9 percent marginal growth in December 2015, official data showed on Monday.
 
The core industries fell by 1.3 percent in November last year.
 
The select factory output index for January is more than the growth of 2.3 percent achieved during the corresponding month in 2015, a commerce ministry release said.
 
This index comprises 38 percent of the total weightage of items included in the Index of Industrial Production (IIP).
 
Its cumulative growth from April to January 2015-16 stood at 2 percent, as compared to 5.3 percent during the corresponding period of 2014-15.
 
Out of the eight core industries, coal and cement reported healthy output numbers. However, production of oil, natural gas, and steel dipped in the period under review.
 
Electricity recorded 6 percent change in January 2016 as compared with 3.3 percent in January 2015. Its cumulative index during April to December 2015-16 rose by 7.6 percent over the corresponding period of previous year.
 
Distilling of refinery products, the third most important component as per weightage, increased by 4.8 percent in January.
 
Extraction of crude oil, which has a 5.21 percent weightage in IIP, fell by 4.6 percent during the month under review in comparison with 2.3 percent decline of January 2015.
 
Coal mining, with a 4.38 percent weightage, increased by 9.1 percent.
 
The sub-index for natural gas output, with a weightage of 1.71 percent, slipped by 15.3 percent in the month under consideration.
 
The fertilisers manufacturing with a weightage of only 1.25 percent rose by 6.2 percent.
 
Steel declined by 2.8 percent in January 2016.
 
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.
 
 

User

SC asks Swamy to go to HC with plea against hate speech penal provision

"Can we decriminalise the law? It can't be that there can't be a law to punish" the hate speech, observed a bench of Justice Anil R. Dave and Justice A.K.Goel as it asked Swamy to approach the high court to raise his challenge to sections 153A and 295A of the IPC

 

The Supreme Court on Monday said that it could not decriminalise a penal provision to punish hate speech as the government opposed BJP leader Subramanian Swamy's plea challenging constitutional validity of two sections of the Indian Penal Code providing for curbing hate speech and activities prejudicial to the maintenance of peace and harmony.
 
"Can we decriminalise the law? It can't be that there can't be a law to punish" the hate speech, observed a bench of Justice Anil R. Dave and Justice A.K.Goel as it asked Swamy to approach the high court to raise his challenge to sections 153A and 295A of the IPC.
 
"Have you challenged the validity before the high court? Let the high court first decide," said the bench.
 
Opposing the plea by Swamy challenging the validity of section 153A, Solicitor General Ranjit Kumar told the court that his plea against the section was along with his prayer for the quashing of non-bailable warrants (NBW) against him.
 
"If the prayer for the quashing of the NBW is not granted, then other prayers do not become PIL," he told the bench, adding that his plea for the quashing of NBW is pending before the high court and he can amend it and raise his challenge to section 153SA there also.
 
Section 153A provides for punishment "with imprisonment which may extend to five years and shall also be liable to fine" for "promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony" while section 295A provides for punishment with imprisonment up to four years or with fine, or with both for "Deliberate and malicious acts, intended to outrage reliAgious feelings of any class by insulting its religion or religious beliefs".
 
Urging the court to hear his challenge to the provisions, Swamy said: "When the matter is about the fundamental right or the constitutionality of an penal provision, the question is whether I should be denied my fundamental right of freedom of speech and expression." 
 
Telling the court that cases were filed against him out of political vendetta, he said that there was a "reckless misuse" of the provision by the previous UPA.
 
The case against Swamy relates to his March 2015 comments at Assam's Kaziranga University wherein he had said that mosques were just buildings with no religious sentiments attached to them and could be pulled down anytime.
 
During a programme in Guwahati, Swamy had also said that in Saudi Arabia, mosques, if required, are pulled down and constructed at other places.
 
Following a complaint, a case was registered against Swamy on charges of conspiracy and promoting enmity between different groups on grounds of religion.
 
Swamy has contended the provision of both sections are vaguely worded and were prone to be misused as was Section 66A of the Information Technology Act, 2000 which was recently read down by the apex court.
 
He said that there has to be a distinction between the incitement or advocacy and the expression of opinion.
 
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.
 

User

Paltry increase in budget for judiciary and its infrastructure

The allocation also includes budgetary provision for the National Mission for Justice Delivery and Legal Reforms and the administration of justice

 

The union budget for 2016-17 has earmarked Rs.900 crore for the development of judicial infrastructure in the states, merely Rs.93.35 crore higher from Rs. 806.65 crores allocated in 2015-16.
 
The allocation also includes budgetary provision for the National Mission for Justice Delivery and Legal Reforms and the administration of justice. This includes allocation of Rs.256 crore for the second phase of E-courts.
 
The allocation of funds for the development of judicial infrastructure was Rs. 500 crore in 2015-16 but has been scaled down to Rs.460 crore in 2016-17. However, allocation for northeastern areas have seen more than threefold increase from Rs.24.36 crores in 2015-16 to Rs.90 crore in 2016-17.
 
A sum of Rs.140 crore has been earmarked for National Legal Services Authority (NALSA) and Rs. 122.21 crore under the head of "other programmes" that includes expenditure on attorney general, solicitor general, additional solicitor general and fee of government advocates.
 
This also includes allocation for the National Judicial Academy, International Centre for Alternate Dispute Resolution (ICADR), infrastructural facilities for judiciary in union territories without legislatures and secretariat expenditure of Law Commission and others.
 
The allocation for the Supreme Court under non-plan head is Rs.198.89 crore which is higher by Rs.18.87 crore compared to the allocation of Rs.171.02 crore earmarked in the revised budget estimates.
 
The allocation is to take care of the administrative expenditure of the top court including salaries and travel expenses of the chief justice of India and other judges, staff and officers of the apex court registry, departmental canteen, charges for the deployment of security personnel including security equipment, maintenance of CCTVs and printing of annual report and other expenses.
 
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.
 
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)