Citizens' Issues
Supreme Court refers Italian Marine's plea to another bench
Latorre, one of the two Italian marines facing murder charges in the Kerala fishermen killing case, is seeking extension of his stay in Italy on health grounds
 
The Supreme Court bench headed by Chief Justice HL Dattu Monday referred to another bench a plea of Massimiliano Latorre who is seeking extension of his stay in Italy on health grounds. Latorre is one of the two Italian marines accused of killing Indian fishermen in 2012.
 
The bench also comprising Justice AK Sikri said, "It is not proper for us to take up the application because we have earlier expressed some reservations and made certain observations."
 
The bench, while noting that some other development had taken place, said, "Let it be placed before another bench."
 
The bench was referring to the heart surgery undergone by Latorre on 5th January.
 
While posting the matter for hearing on Wednesday, the bench in its order said, "On earlier occasion, an application filed by the petitioner had inter-alia made a plea seeking more or less the same relief. While hearing the said application, we had made certain observations."
 
"Having made the observations on the application filed earlier we deem it not proper to take up the application for hearing and post it before another bench day after tomorrow," the bench said.
 
Latorre, one of the two Italian marines facing murder charges in the fishermen killing case had, on 7th January moved the apex court seeking extension of his stay in Italy on the ground that he had undergone a heart surgery on 5th January.
 
The case against marines pertains to the killing of two Indian fishermen allegedly by Latorre and Girone on board ship 'Enrica Lexie' off Kerala coast on 15 February 2012.
 
The bench had earlier refused to grant the extension to Latorre and had also rejected the plea of co-accused Marine Salvatore Girone, who had sought the apex court's nod to go to Italy to celebrate Christmas saying they cannot get such 'leeway'.
 

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BSE to invest Rs150 crore for setting up international exchange in Gujarat

BSE, along with its associates and members, would invest up to Rs150 crore to set up an international exchange that will help global companies raise funding from other overseas investors

 

The BSE (erstwhile Bombay Stock Exchange), the country's oldest stock exchange on Monday said it will set-up an international exchange in Gujarat with an investment of Rs150 crore.
 
This exchange will be set up in Gujarat International Finance Tec-City (GIFT) being developed by Gujarat government as the country's first international financial services centre (IFSC).
 
BSE, along with its associates and members, will invest upto Rs150 crore to set up this international exchange. The new exchange will also help global companies raise finance from other overseas investors.
 
"This will help India to compete with other destinations ... Making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
 
The new exchange will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
 
BSE had signed a memorandum of understanding (MoU) with GIFT SEZ Ltd at the Vibrant Gujarat Global Summit.
 
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services special economic zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
 
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
 
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at be about Rs200 crore.
 

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March-end rush: Jaitley says govt to sell stake in more than one PSU

So far, the Modi government has realised Rs1,715 crore from disinvestment proceeds against a target of Rs43,425 crore for FY2014-15

 

With less than three months left in the current fiscal, Finance Minister Arun Jaitley Monday said the divestment programme would be pursued on priority and involve more than one public sector unit (PSU) during this period.
 
The government has realised Rs1,715 crore from disinvestment proceeds so far in the current fiscal 2014-15, for which it had set a target of Rs43,425 crore from sale of its shares in listed companies.
 
Jaitley’s comments follow media reports that the government is looking to sell 10% of its stake in Coal India Ltd (CIL), the country's largest coal producer, to raise about Rs24,000 crore.
 
While terming the reports as speculative, Jaitley said the government will sell part of its stake in more than one public sector company before March-end.
 
"I am not making any comment on any specific company. All I can say is that the names being mentioned in the media are speculative," he told reporters on the sidelines of the Vibrant Gujarat Summit.
 
"As far as the government is concerned... In the next two-and-half months, leading up to 31st March... is going about disinvestment in more than one company, which is going to be our priority," he said.
 
He, however, did not name the companies where the government is looking at divesting its stake.
 
"... Which is the one that we are coming up first, nobody knows, and therefore reports in media are speculative," he said.
 

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