Major News and Events of 17 March 2016
What Happened on 17 March 2016
Kingfisher House fails to attract bidders on day 1 of auction
Sensex ends at a lower note
Lok Sabha nods original Aadhar Bill
Ex-CM of Haryana summoned under land case
Crocin Cold and Flu, D Cold Total also get banned in India
Bombay HC to pronounce judgment on German Bakery Case today
Government eyes revamping laws on loan defaulters
72-hour ultimatum ends today, Jats set to resume stir
Today, the Bombay High Court set aside the death sentence to 2010 Pune German bakery blast case convict, Mirza Himayat Baig. The court acquitted him of all charges except two, for which he would need to serve a life sentence. The life imprisonment has been upheld under section 474 of the Indian Penal code for possession of forged documents and under 5(B) of the explosives substance act for possession of explosives under suspicious circumstances.
The attempt to auction a prime property of disgraced liquor baron Vijay Mallya in Mumbai went in vein when not even a single buyer came up with a bid. Litigation fears and a high reserve price of Rs. 150 crore have been quoted as the two main reasons behind the deficiency in terms of purchasers. Failure to draw a single buyer has come up as a huge blow to efforts put in a consortium of 17 banks led by the State Bank of India (SBI) which intend to recover unpaid dues amounting to Rs. 7,000 crore+ from the no-more-in operation Kingfisher Airlines.
After rising to an impressive 265 points, the BSE Sensex ended lower due to late selling in blueship stocks including HDFC, HDFC Bank, Reliance Industries, Lupin and Sun Pharma. On the contrary, Nifty was competent in closing above 7,500- comparatively lower than its day’s maximum high of 7,585. With the pharma stocks being hit the worst, the Nifty Pharma index closed 1.4 per cent lower and the Bank Nifty closed 0.1 per cent lower to reach 15,444.
Having been amended for the second time in the last eight days, the Aadhar Bill has been cleared by the Lok Sabha. The government utilized the provisions of a ‘money bill’ to override the Rajya Sabha within hours of it clearing the five amendments undertaken by the Congress via a 76-64 vote. A majority of amendments were associated with provisions in the bill that encroached upon a person’s privacy and his/her ability to opt out of the scheme on his/her own will.
Former Chief Minister of Harayana, Bhupinder Singh Hooda has been summoned by an inquiry commission for his statements recorded during an investigation session for grant of commercial land licenses to numerous private companies, like Skylight Hospitality, that is being promoted by Congress President Sonia Gandhi’s son-in-law, Robert Vadra. The Justice SN Dhingra Commission of Inquiry has asked the ex-CM to appear before it by 23 March 2016.
After Vicks Action 500 Extra, the government has imposed a ban on common household medicines including Crocin Cold and Flu, D-Cold Total, Sumo, Chericof, Kofnil, Nimulid, Chericof, Oflox, Gastrogyl, Nasivion tablet, O2, paediatric syrup T-98, TedyKoff, Dolo Cold and Decoff. India’s health ministry has already banned nearly 350 FDCs(Fixed dose combinations) with immediate effect after receiving recommendations from an expert team that examined the efficacy of these drug combinations.
The Bombay High Court will be pronouncing its judgment on the appeal against death penalty by Mirza Himayat Baig, the prime convict for ‘masterminding’ the German Bakery blasts. With the state been represented by Special Public Prosecutor Raja Thakre, Baig was been counseled by Delhi-based lawyer Mehmood Pracha and the hearing of Baig’s death confirmation proceedings went for over four months.
The Centre is expected to bring out innovations in the laws applicable on loan defaulters. It may address the act as criminal offence under the Indian Penal Code, followed by defining the timelines to ensure that people with unpaid bank loans don’t have to take the recourse to frequent adjournments in debt recovery tribunals. Additionally, multiple provisions enabling lenders to acquire shares in excess of 30% are also likely to be introduced.
The Jat leaders had provided a 72-hour ultimatum to the BJP led Haryana government to meet their demands by 17 March. With the deadline ending today, the government has sought paramilitary forces from the Centre, which would be deployed in specific areas. Earlier, the Haryana Police had been criticized for its failure in preventing and controlling violence during the Jat agitation that took place last month and left thirty people killed.