Bankrupt Jet Airways’ lenders approve resolution plan

News Network
October 17, 2020

jet.jpg

A panel of creditors to Jet Airways India Ltd. approved a resolution plan for the bankrupt airline, bringing a 16-month long process to recover dues to lenders closer to completion.

Jet Airways’ lenders accepted the plans submitted by Murari Lal Jalan and Florian Fritsch, the carrier said in a filing on Saturday. The airline didn’t provide any further details on the bidders or their proposal.

Once India’s largest carrier by the number of passengers, Jet Airways went into bankruptcy in 2019 after it failed to repay mounting debt, reflective of the nation’s struggling aviation sector.

The lenders approved the plan via e-voting, and the carrier’s resolution official will now seek to take the process forward in the bankruptcy court, the company said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 12,2021

Guwahati, July 12: The BJP-led government in Assam on Monday tabled The Assam Cattle Preservation Bill 2021 in the state Assembly that seeks to prohibit the sale of beef in areas predominantly inhabited by Hindus, Jains, Sikhs and other non-beef eating communities.

It also seeks to disallow the sale of beef or beef products within a 5 km radius of temples, satras (Vaishnavite monasteries) and other Hindu religious institutions.

In what could irk neighbouring states like Mizoram, Nagaland and Meghalaya, the bill proposes a prohibition on transportation of cattle from other states or to other states through Assam without permission.

The bill, tabled by Chief Minister Himanta Biswa Sarma seeks to replace existing The Assam Cattle Preservation Act 1950 saying that the latter lacked stringent legal provisions to deal with the issues arising out of slaughter, consumption or transport of cattle. The bill was tabled on the first day of the first budget session of the Sarma government.

The 1950 Act allows the slaughter of cattle above 14 years of age with proper approval by a local veterinary officer. The new bill also retains the provision but allows the slaughter of cattle only in licenced or recognised slaughterhouses.

The new bill also seeks to enhance the quantum of punishment for violators of the new provisions to a jail term ranging between three and five years and a fine of Rs. 3 to 5 lakh or both. The 1950 Act has the penal provision of only six months jail and a fine of Rs. 1,000 only for the violators.

The new bill was approved by the state Cabinet on Thursday. Parliamentary affairs minister Piyush Hazarika on Thursday said the bill was prepared as per a promise of BJP ahead of Assembly elections held in March-April this year.

BJP and its allies formed their government in Assam for the second consecutive term. The saffron party replaced Sarbananda Sonowal with Himanta Biswa Sarma as the new Chief Minister, who has been waving the Hindutva flag more vigorously than Sonowal.

BJP ruled states like Karnataka, Madhya Pradesh and Uttar Pradesh at present has similar cattle preservation act.

The new bill, however, says permission for transportation of cattle would be issued for bonafide agricultural or animal husbandry purposes only. No permission is also required for carrying cattle to and from registered agricultural markets for sale or purchase of the same within the district.

Although beef-eating Nagaland or Mizoram has not yet reacted to the proposed restriction for transportation of cattle through Assam, Meghalaya (also beef-eating) CM Conrad Sangma on Friday said the state would be compelled to seek the Centre's intervention in this regard. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 14,2021

New Delhi, July 14: The Supreme Court on Wednesday took suo motu cognizance of the Uttar Pradesh government’s decision to allow the Kanwar Yatra amid the coronavirus pandemic.

The pilgrimage is undertaken by devotees of Hindu deity Shiva. They collect water, usually from the river Ganga, and offer it at Shiva temples in their respective states. These devotees, called Kanwariyas, cover hundreds of kilometres on foot.

The Uttarakhand government had on Tuesday cancelled the Kanwar Yatra amid fears of a possible third wave of the Covid-19 health crisis. But, Uttar Pradesh Additional Director General (Law and Order) Prashant Kumar told The Indian Express that the state will hold the pilgrimage between July 25 to August 6.

On Wednesday, a Supreme Court bench, led by Justice RF Nariman, sent a notice to the central and the Uttar Pradesh government. The case will be taken up on Friday.

The court said that it took up the matter after reading a report on The Indian Express about the Uttar Pradesh government’s decision to hold the Kanwar Yatra even though Uttarakhand had cancelled it, reported Live Law.

“We are a little disturbed given today’s headline in The Indian Express about the Kanwar yatra which is likely to be held from July 25,” the court said. “Given the disparate stances, it is important that the Home Secretary, Union of India respond to this news report. Given the fact that this yatra is to take off from 25th July it is necessary to fix a short time table.”

A spokesperson for the Uttar Pradesh government on Tuesday said that Uttar Pradesh Chief Minister Adityanath stated that only a few devotees should be allowed to participate in the pilgrimage. The official added that the government might make negative RT-PCR tests reports mandatory for participation in the pilgrimage.

On Tuesday, the health ministry said that Indians were taking warnings about the third wave of the coronavirus pandemic casually and treating them like mere weather updates. At his meeting with the chief ministers of northeastern states, Prime Minister Narendra Modi also expressed concern about the violation of safety norms in the country.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 10,2021

Lucknow, July 10: According to a draft of the proposed population control bill, anyone violating two-child policy in Uttar Pradesh will be debarred from contesting local bodies elections, from applying for or getting promotion in government jobs, and receiving any kind of government subsidy.

The Uttar Pradesh State Law Commission (UPSLC) states that the provisions are part of the draft titled The Uttar Pradesh Population (Control, Stabilization and Welfare) Bill, 2021.

The UPSLC website says, "The State Law Commission, UP is working on control, stabilisation and welfare of the population of the state and has prepared a draft bill."

Suggestions have been invited from the public to improve the draft bill and July 19 is the last date for it, reported news agency Press Trust of India.

Listing incentives for public servants who adopt the two-child norm, the draft bill says, "Public servants who adopt the two-child norm will get two additional increments during the entire service, maternity or as the case may be, paternity leave of 12 months, with full salary and allowances and three per cent increase in the employer's contribution fund under national pension scheme."

A State Population Fund will be constituted for the purpose of implementation of the act.

Listing the government's duties, the draft bill says that maternity centres will be established at all primary health centres. The centres and NGOs will distribute contraceptive pills, condoms, etc, spread awareness about family planning methods through community health workers and ensure mandatory registration of pregnancies, deliveries, births and deaths across the state.

The draft bill also says that it shall be the duty of the government to introduce a compulsory subject relating to population control in all secondary schools.

The bill seeks to revitalise efforts and provide for measures to control, stabilise and provide welfare to the population of the state by implementing and promoting two-child norm.

According to news agency PTI, the draft bill reads, "In Uttar Pradesh, there are the limited ecological and economic resources at hand. It is necessary and urgent that the provision of basic necessities of human life including affordable food, safe drinking water, decent housing, access to quality education, economic/livelihood opportunities, power/electricity for domestic consumption, and a secure living is accessible to all citizens."

It is necessary to control, stabilise the population of the state for promotion of sustainable development with more equitable distribution, it says.

It is necessary to ensure healthy birth spacing through measures related to augmenting the availability, accessibility and affordability of quality reproductive health services to achieve the goal of population control, stabilisation and its welfare in the state, the draft bill reads.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.