Citizens' Issues
SC sends Arunachal imbroglio to constitution bench
New Delhi : The Supreme Court on Thursday referred, to the constitution bench, the Arunachal Pradesh assembly imbroglio involving the fate of the Nabam Tuki-led Congress government and the role of Governor J.P.Rajkhowa in the handling of the situation triggered by rebel ruling party lawmakers.
 
A bench of Justice Jagdish Singh Khehar and Justice C. Nagappan referred the matter to the constitution bench as senior counsel Harish Salve urged the court that the matter being dealt by it involved important issues of constitutional law and the powers of the governor and as such, be referred to the constitution bench.
 
As the bench did did so, senior counsel Fali Nariman, appearing for Assembly Speaker Nabam Rebia, allegedly ousted by the rebel Congress lawmakers with the support of Bharatiya Janata Party lawmakers, mentioned the matter before the court of Chief Justice T.S.Thakur seeking an early hearing by the constitution bench.
 
Urging the Chief Justice to constitute a bench for hearing of their plea at an early date, Nariman said the hearing had to be before January 21 as there can't be a gap of more than six months between two assembly sessions.
 
Senior counsel Kapil Sibal also told the court that if the matter was not heard early, then the assembly would be convened and the government may fall. He said that the Deputy Speaker Tenzing Norbu was against Rebia. 
 
Upon the mentioning, Chief Justice Thakur said that he would take a decision only after the papers relating to the order passed by the bench of Justice Khehar and Justice Nagappan are placed before him.
 
Norbu had reversed the decision of Rebia disqualifying 14 Congress MLAs. Rebia was on December 16 ousted as the speaker at an assembly session held in a community hall in Itanagar and attended by the rebel Congress and BJP lawmakers. 
 
The apex court had on Wednesday asked Governor Rajkhowa not to convene the assembly session till January 18 as it was seized of the matter.
 
"We are satisfied, that it would be just and appropriate, if proceedings of the assembly are not held from now onwards till January 18, 2016," it said and sought its orders be placed before the governor.
 
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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India's wholesale inflation rises fourth month in row
New Delhi : With food items, notably pulses and onions, continuing to remain dear, India's annual wholesale inflation rate moved up further to (-)0.73 percent for December, against (-)1.99 percent for the month before, official data showed on Thursday.
 
This was the fourth straight month of increase in the annual inflation.
 
As per the wholesale price index numbers released by the Ministry of Commerce and Industry, the annual food inflation was steep at 8.17 percent, while index numbers for fuels and manufactured products were both in the negative -- at (-)9.15 percent and (-)1.36 percent, respectively.
 
In the past month, the index for food articles, that is unprocessed items, rose 0.6 percent while the build-up in the first three quarters of the fiscal was 9.39 percent. For food products, the rise was 0.3 percent in the past month under review, and 3.12 percent since April 2015.
 
India's overall retail prices too have been rising. According to the data released two days ago, the annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before. 
 
The consumer price index numbers also showed that food inflation rose higher -- to 6.4 percent as against 6.07 percent in the month before. In rural and urban areas, the annual inflation rates for food items were 6.41 percent and 6.31 percent, respectively.
 
As per Thursday's data on wholesale prices, the annual inflation for pulses in general was 55.56 percent, while for onions it was 25.98 percent. But with potatoes cheaper by 34.99 percent over the past year, the annual rise in the overall vegetable index stood moderated to 20.56 percent.
 
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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Reliance Communications, Sistema to move court for merger nod
New Delhi : Reliance Communications (RCOM) and Sistema Shyam Teleservices on Thursday said they will apply to the Bombay High Court and the Rajasthan High Court for approving a merger.
 
The statement came in the form of a filing with stock exchanges following a query on the subject.
 
The Anil Ambani-led Reliance Communications in November last year announced a major accord to acquire the Indian business of Russia's Sistema -- which is operating under the 'MTS' brand -- in a unique stock-cum-spectrum-fee payment deal.
 
The deal first calls for the de-merger of the telecom business of the Russian group's Indian entity and then the acquisition of that by the Reliance Group firm.
 
Prior to that, the targeted company is to pay its existing debt. Post merger, the shareholders will be entitled to a 10-percent stake in Reliance Communications.
 
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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