The latest case is of Congress MP Pratap Singh Bajwa. After his unruly act, he said he will not apologize for his behavior and “I will do it 100 times...(I) threw the file so that the Rajya Sabha chairman can read it. I have not committed any crime and have no regrets.” The most important fact should not go unnoticed is that for their stupid acts they are richly rewarded and appreciated by their high command. The behavior of Congress, TMC, and AAP members has proved that this House must be scrapped as early as possible.
Rajya Sabha has been seen as the backdoor entry for the politicians who have lost the general elections. It has become a haven for crony capitalists, compromised journalists, and party fundraisers. The legal protection parliamentary privilege affords the members making them behave like Moguls – too much privilege, too little accountability. Three prime ministers have been elected to the Rajya Sabha without having to face the electorate. It is clearly an anti-democratic way.
Several times the Rajya Sabha had been adjourned for lack of quorum. Besides this, Rajya Sabha is being manipulated to curtail and delay the various laws made by the Lok Sabha just for political gains, hence proving to be a major hindrance in the speedy legislative process. Even the ruling party is not an exception. There were many absentees in Rajya Sabha during the passage of the Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021 bill. The Bill will replace an ordinance and abolish several appellate tribunals, to end retrospective tax. The absence of BJP Rajya Sabha MPs during the passage of this crucial bill has not gone well with PM Narendra Modi. Taking strong exception he has asked the Parliamentary Affairs minister to make a list of the MPs who were not present in the house.
Denne historien er fra August 2021-utgaven av Indian Economy & Market.
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Denne historien er fra August 2021-utgaven av Indian Economy & Market.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
The Securities and Exchange Board of India (SEBI) has introduced a consultation paper proposing a new investment product category aimed at addressing a specific market need. This proposed asset class would offer investment options that sit between mutual funds (MFS) and PMS, filling a gap and providing greater flexibility in portfolio management. The new investment vehicle is designed for investors who are prepared to take on riskier market positions but find PMS schemes or AIFs out of reach. SEBI after reviewing the feedback and finalizing the regulations through stakeholder discussions, may issue the final regulations.
DECODING THE CHINA MYTH
Myths die hard. Among these is the great myth that China's poised to take over the world. Here, James Rickards debunks that myth.
What Is In Store For The Indian Economy?
Until the 2014 Lok Sabha elections, when the Bharatiya Janata Party secured 282 seats and Narendra Modi ascended to power, India experienced 21 years of coalition governments. A decade later, the BJP holds 240 seats in the Lok Sabha, and India is once again governed by a coalition. Fitch has indicated that coalition politics and a weakened mandate for the NDA could hinder the passage of ambitious reform legislation. It raises the question: Do coalition governments impede the economic reform agenda?
Transforming The Indian Stock Market
With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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Face to Face
\"We believe ourselves to be service providers and not any goods manufacturer\"
THE REALITY OF CORPORATE ESG INITIATIVES
Today, environmental, social, and governance (ESG) considerations dominate business discussions and have become an integral part of the strategies of many organisations in different industries. While some companies are grappling with these new standards and commitments, others, already aligned with the Sustainable Development Goals (SDGs), are well prepared to meet the evolving regulations and standards related to corporate social responsibility (CSR) and ESG.
Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
Standard Capital Markets Ltd., a leading player in the financial services sector, has announced that it has incorporated a subsidiary under the name of “Standard Insurance Broking Ltd.” to act as a Direct broker under the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018.NOC of Insurance Regulatory and Development Authority of India already taken and now company will also apply for taking Insurance Broking License of Insurance Regulatory and Development Authority of India (IRDAI).
THE IMMINENT MIDDLE EAST WAR
Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
