Citizens' Issues
Lok Sabha passes Indian Trusts (Amendment) Bill amid ruckus
The Lok Sabha on Wednesday passed the Indian Trusts (Amendment) Bill, 2015, amid chaos as the opposition Congress created ruckus in the house over the National Herald case involving Sonia and Rahul Gandhi for the second consecutive day.
 
The bill, which seeks to amend the Indian Trusts Act, 1882 (Principal Act), was introduced in the Lok Sabha by Finance Minister Arun Jaitley on 13th August. The Bill regulates functioning of private trusts and trustees. It also outlines the manner in which surplus funds of the trust may be invested for future use of the trust.
 
As the house met at 2.15 p.m. after lunch, leader of Congress in the Lok Sabha Mallikarjun Kharge said how bills could be discussed and passed "when the house was not in order".
 
He appealed to the speaker not to allow any discussion on the bill as nothing could be heard.
 
As Kharge was making his point, Parliamentary Affairs Minister M. Venkaiah Naidu got up and said the Congress and other opposition parties do not respect the rules.
 
"Since they do not respect the rules, let's take up business," Naidu said.
 
Kharge and Naidu were engaged in heated exchanges while putting forth their points of view.
 
"Today (Wednesday) we are protesting as the government is disregarding and disrespecting the opposition. The bills should not be passed (in situation like this)," Kharge said, adding that if the government is so interested in normal business of the house "they must sack V.K. Singh".
 
The Bill lists seven categories of securities in which trust money can be invested. These include some pre-Independence references such as securities issued by the United Kingdom, by municipalities of Presidency towns, Rangoon, and port trust of Karachi.  In addition, the Act allows investment in any security expressly authorised by the instrument of trust or by the central government by notification, provided that consent is taken of any person who is competent to contract and entitled to receive the trust income for his life.

The Bill amends the Principal Act to retain only the last item, and deletes all the other investment avenues specified in the Act.
 
The bill was passed by a voice vote amid sloganeering.
 
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

Kanchan Kumar

1 year ago

Had 2-3 lines about the main points of ammendment added in this article, it would have been maor informative and useful to readers.

Salman case: HC finds bodyguard's testimony 'unreliable'
The Bombay High Court on Wednesday said it was difficult to believe the testimony of late Ravindra Patil, the police bodyguard assigned to Bollywood actor Salman Khan who was in the vehicle during the September 28, 2002, hit-and-run accident case involving the Bollywood star.
 
Terming him as "an unreliable witness" Justice A.R. Joshi said it was difficult to accept Patil's answer that the car tyre burst due to the impact" (of the crash).
 
The court also observed that in his police statement recorded hours after the accident that day, Patil made no mention about Salman being drunk, but said this only on October 1 (that year) after the blood sample tests reports were received.
 
Since Monday, the judge is in the process of dictating in an open court his verdict on the appeal filed by the actor challenging the Sessions Court order of May 2015.
 
By that order the Sessions Court sentenced Salman Khan to five years' jail on, among other things, charges of "culpable homicide not amounting to murder".
 
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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Vaibhav Dhoka

1 year ago

As in Tamil Nadu CM case and this case if one goes by criminology every Indian is right to accept that we have different class of Justice dispensation system.The high court is not interested in Ravindra Patils disappearance,if the case would not had celebrity high court would have called for CBI inquiry.A SHAM System.

Bihar court convicts Shahabuddin in double-murder case
A Bihar court on Wednesday convicted former MP Mohammad Shahabuddin in connection with a double-murder and kidnapping that took place 11 years ago, a government lawyer said.
 
Shahabuddin has been languishing in jail for several years in connection with several serious criminal cases.
 
The special court in Siwan district found Shahabuddin guilty in a 2004 case in which he and his men were charged with giving an acid bath to two brothers Girish Raj and Satish Raj and murdering them. 
 
The court will pronounce sentencing on December 11.
 
Shahabuddin has been convicted on charges of criminal conspiracy, kidnapping and murder.
 
Shahabuddin's son Osama has also been charged with killing of a local BJP leader Rajiv Roshan, who was a witness in the murder case of the two brothers in which Shahabuddin has been convicted.
 
The two brothers were kidnapped allegedly at Shahabuddin's behest and drenched in acid before being murdered.
 
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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