Islamic banking in Kashmir: High Court seeks govt response to PIL

News Network
April 1, 2021

The Jammu and Kashmir High Court has granted three more weeks to government authorities to respond to a Public Interest Litigation (PIL) seeking the introduction of Islamic banking in the Union Territory (UT).

A division bench of Chief Justice Pankaj Mithal and Justice Sindhu Sharma Chief while hearing the PIL filed by a non-governmental organisation (NGO) granted three more weeks to the Union Finance Ministry, Reserve Bank of India (RBI) and the UT government to respond to the contents of the PIL.

Advocate Zaffar Shah representing the J&K Bank informed the court that already a response has been filed by the bank with respect to the litigation.

Currently, there are no guidelines for Islamic banking, which is based on the principles of not charging interest.

The PIL filed in 2018 is seeking directions upon the union finance ministry for issuing necessary notification for the introduction of Sharia compliant windows (Islamic banking) as recommended by Deepak Mohanty Committee as well as in the light of a report of the inter-departmental group of the RBI.

The NGO, in its petition, submits that “majority of the citizens in Jammu and Kashmir are Muslims by faith and thus have a constitutional right to enjoy all avenues of development provided the same do not contravene the article of their faith”.

It has also sought direction to J&K Bank to take immediate steps for opening of Shariah compliant windows to accomplish the object of mass-level participation in Shariah banking.

“The J&K Bank Limited be directed to place the entire details of non-performing accounts (NPAs) before this court and the steps taken for recovery of the outstanding amount as the same is public money which cannot be allowed to be misappropriated either by the account holders or by the management of the said bank,” the plea reads.

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June 8,2021

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Bengaluru, June 8: Six-time legislator and former Minister C.M. Udasi (85) passed away on Tuesday at a private hospital here due to age related illness.

He is survived by his wife, a daughter, and son Shivakumar Udasi, a BJP Member of Parliament representing Haveri.

A former Minister for Public Works in the B.S. Yediyurappa cabinet in 2008, the veteran leader represented Hangal assembly constituency in Haveri district. He was popular in the constituency due to his easy access to people.

Identified with socialist movement, Mr. Udasi was first elected as an independent legislator from Hangal in 1983. In 1985, he retained the seat contesting on the Janata Party symbol.

When the Janata Dal split into JD (Secular) and JD (United) in 1999, he was with JD (U). While he joined BJP in 2004, he quit the saffron party and followed Chief Minister B.S. Yediyurappa, who launched the Karnataka Janata Party in 2013.

As the KJP nominee, he lost to Congress candidate Manohar Tahasildar. He returned to the BJP fold along with Mr. Yediyurappa and wrested the seat back in 2018.

Initially, he was a follower of former Chief Minister late J.H. Patil, in later years Mr. Udasi was associated with the Chief Minister B.S. Yediyurappa.

Condoling the death, Mr. Yediyurappa said that Mr. Udasi was a gentleman and dynamic politician committed to solving people's problems. He noted that his work as a PWD minister was noteworthy.
 

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News Network
June 8,2021

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Doha: Indian football talisman Sunil Chhetri has surpassed Argentina's global superstar Lionel Messi to become the second-highest active international goal-scorer with 74 strikes, adding another feather to his illustrious career.

The 36-year-old Chhetri achieved the staggering feat with his brace against Bangladesh in the joint preliminary qualifying round match for FIFA World Cup 2022 and AFC Asian Cup 2023 here on Monday night.

The seasoned striker, who helped India register their first win in six years in World Cup qualifiers, now stands only behind Portugal's Cristiano Ronaldo (103) in the active international goal-scorer list.

Chhetri leads Barcelona star Messi by two goals and sits a place above Ali Mabkhout of the UAE, who is third on the list with 73 strikes to his name.

Messi scored his 72nd international goal in a World Cup qualifier against Chile last Thursday, while Mabkhout added to his tally against Malaysia, also last week.

At the Jassim Bin Hamad Stadium on Monday, Chhetri broke the deadlock in the 79th minute when he headed in Ashique Kuruniyan's cross from the left, and then sealed the victory by curling in a shot from long range in added time.

The India captain is also just a goal away from entering world football's all-time top-10. He is behind Hungary's Sandor Kocsis, Japan's Kunishige Kamamoto, and Kuwait's Bashar Abdullah, who all have 75 goals.

Delighted with the team's victory and Chhetri's record, All India Football Federation (AIFF) president Praful Patel lauded the captain for leading from the front.

"Our @IndianFootball skipper Sunil Chhetri adds another feather to his illustrious cap as he overtook Lionel Messi to become the second-highest active international goalscorer with 74 goals.

"A big congratulations to Captain Fantastic & wishing him many more accolades in the future," Patel tweeted.

The AIFF boss also praised the team on the convincing win that was built on Chhetri's brilliance.

"Congratulations #BlueTigers on an awesome win over Bangladesh today & fabulous performance by skipper @chetrisunil11 who lead from the front & paved the path to victory.

"Your hard work and determination was visible on the field. Wishing you all the very best in the upcoming game!"

Chhetri's twin strikes meant India registered their first win in what was turning out to be a forgettable World Cup qualifying campaign in many years. It was also India's first victory in World Cup qualifiers away from home in 20 years.

With the win, India rose to the third spot in Group E with six points from seven games.

India will next lock horns against Afghanistan in the qualifiers on 15 June.

The side is already out of contention to qualify for World Cup 2022, but the Blue Tigers can still make it to the Asian Cup in China.

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News Network
June 8,2021

Meanwhile, 15 states reported a positivity rate of less than 5 per cent, Luv Aggarwal, Joint Secretary, Health Ministry, said.

Overall recovery has increased to 94.3 per cent (both home isolation and medical infrastructure) and the positivity rate has decreased by 6.3 per cent overall between June 1 and June 7. 

There has been a continued and sharp decline in daily new Covid-19 cases, which is an almost 79 per cent fall in the figure as compared to the peak of May 7.

India reported less than one lakh new coronavirus infections after a gap of 63 days, while the daily positivity rate dropped to 4.62 per cent, according to the Union Health Ministry data updated on Tuesday.

A single day rise of 86,498 cases was registered, the lowest in 66 days, taking the total tally of Covid-19 cases to 2,89,96,473.

The Covid-19 death toll climbed to 3,51,309 with 2,123 daily deaths, the lowest in 47 days, the data updated at 8 am showed.  

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