09:11 am New Delhi: The Lok Sabha passed the 2019 Chit Funds (Amendment) Bill on Wednesday, which seeks to create a framework for ensuring accountability in chit fund schemes and protecting subscribers. The bill seeks to amend the 1982 Chit Funds Act, which governs chit funds and forbids the establishment of a fund without a state government's prior approval. The legislation raises from the current Rs 1 lakh the prescribed maximum amount of aggregate chit fund for individuals to Rs 3 lakh. In the case of companies, the limit was raised from Rs 6 lakh to Rs 18 lakh. Terms such as 'gross chit amount', 'share of discount' and 'net chit amount' have been substituted with 'chit amount', 'dividend' and 'prize amount' in the Act, The Center brought the bill in the wake of several recent chit fund scams where thousands of subscribers lost their investments.
05:11 pm West Bengal chief minister Mamata Banerjee came back to home minister Amit Shah for saying a National Register of Citizens (NRC) will be implemented across the nation, similar to the one in Assam. Banerjee said she will never allow division on the basis of religion in her state. In the name of NRC implementation, there are few people who are trying to build disturbance in the system. We're not going to allow NRC in Bengal, "she said at a rally in Sagardighi, about 200 km from Kolkata. In his address on Wednesday in Rajya Sabha, Shah said there was no reason to worry about NRC for people.
03:11 pm New Delhi: In the midst of concern about the safety of bank deposits from Punjab and Maharashtra Co-Operative (PMC), Finance Minister Nirmala Sitharman said on Friday that the government is considering proposals to raise the insurance cap from existing Rs 1 lakh. In September, the Reserve Bank of India (RBI) placed restrictions on withdrawals at the PMC Bank following suspected Rs 4,355-crore irregularities. The cap has now been increased to Rs 50,000, but the fear of account holders about the future of their deposits has not been allayed. Currently, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation.
03:11 pm New Delhi: A citizens ' register or National Citizens ' Register (NRC) on the lines of the Assam exercise will be conducted across the country, Home Minister Amit Shah announced today in parliament, stating that "no one should be worried from any religion." Speaking in the Rajya Sabha, Amit Shah said the NRC is "just a process" to get everyone under the citizen's list."
01:11 pm New Delhi; A decision to restore internet services in Kashmir-where the internet has been snapped for more than 100 days will be taken when the "local administration is informed," said Union Home Minister Amit Shah in parliament today, adding that no one has died in Jammu and Kashmir as a result of police firing since 5 August when the government made the big announcement of ending Jammu and Kashmir's special status. We heard leaders say that on Srinagar's streets there would be blood bath, but nothing of this kind happened. I'm happy that not one person died as a result of police shooting, "said the Home Minister. He also said that the number of stone-throwing incidents has fallen from 805 to 544. The central government had ended Jammu and Kashmir's special status on August 5 and split it into two union territories - Jammu and Kashmir, and Ladakh.
04:11 pm Nagpur: Weighing over the government formation in Maharashtra on the recently divorced BJP and the Shiv Sena, RSS chief Mohan Bhagwat warned that "egoism" is a bad thing. "Everybody knows that if they are going to fight over a matter, both of them will face defeat," he said. "Everyone knows that egoism is a bad thing, but very few people are giving up their egoism. Take the country or individual example," he added. The comments from the RSS chief came while he was addressing an event in Nagpur on Tuesday morning.
03:11 pm At a speech in Cooch Behar on Tuesday, West Bengal Chief Minister Mamata Banerjee cautioned the TMC party workers and leaders against the All India Majlis-e-Ittehadul Muslimeen (AIMIM) party of Asaduddin Owaisi without directly taking any names.She implied that the AIMIM is teaming up with the Bharatiya Janata Party (BJP), even claiming that the AIMIM takes money from the saffron party. AIMIM won a seat at the Kishanganj constituency of Bihar's Purnia district, which is itself adjacent to West Bengal, in the recent by-polls of the Legislative Assembly. Thereafter, several AIMIM posters were found to be plastered all over Cooch Behar, where the group said the wait was over and West Bengal was the next contest in line.
02:11 pm New Delhi: Today, opposition Congress leaders in the Lok Sabha asked for a response from Prime Minister Narendra Modi and Home Minister Amit Shah on withdrawal of the Gandhi family's Special Protection Group (SPG) protection. Shah left the lower house when the members of Congress started to shout slogans, asking him to make a statement as to why SPG security cover had been removed from Congress president Sonia Gandhi and her children Rahul Gandhi and Priyanka Gandhi Vadra, who said they were facing serious threats. The three are now covered under the class Z plus by the paramilitary Central Reserve Police Force (CRPF), which provides security cover for around 100 personnel. Leader of Congress Adhir Ranjan Chowdhury gave a notice moving an adjournment motion in Lok Sabha against the Gandhi family's removal of SPG protection. A motion for an adjournment is moved to postpone the house's proceedings to resolve the problem raised in the motion. The Speaker refuted this.
10:11 am New Delhi: Mr Raut expressed confidence that in Maharashtra, which has been under the rule of the President for a week, a coalition led by the Sena will soon take power. Raut later told reporters that he had met Sharad Pawar to discuss agricultural problems, among other issues. "Sharad Pawar is a senior leader and a former Union Agriculture Minister.
10:11 am New Delhi: After a 45-minute meeting with Congress president Sonia Gandhi at her home in Delhi on Monday, Nationalist Congress Party (NCP) leader Sharad Pawar said they addressed the political situation in Maharashtra, but not the formation of government with the Shiv Sena. We've got to sort out a few more things, we haven't discussed forming an alliance with any party yet, "Sharad Pawar told reporters, giving the impression a Sena-NCP-Congress alliance might not be a deal yet. The NCP leader also rubbished speculation that he had left the door open for a tie-up with the BJP; in last month's Maharashtra elections, the BJP captured 105 seats and secured a comfortable majority with the Shiv Sena (56), who walked out of their alliance after a bitter tussle. The NCP is just two behind the Sena.