Wednesday, July 15, 1998
Cong turn sends Bill to cold storage
As the Congress took a crucial turn on the Women's Reservation Bill yesterday, Lok Sabha Speaker G M C Balayogi deferred the legislation indefinitely in the House and put the very form of the Bill at stake amid indications that a new one could replace the current enactment. As indicated on Monday, Balayogi put the Bill into cold storage after major political parties felt it was the best way out of the impasse created by stiff opposition from male members of Parliament.
US may redefine sanctions to cut deals
Making the baffling assertion that Washington wants sanctions to "ideally... have roughly the same effect on India as they do on Pakistan," the Clinton administration has sought Congressional waivers on various sanction laws so that it would have greater leverage and flexibility to deal with the South Asia situation. In a landmark hearing, Assistant Secretary of State for South Asia, Karl Inderfurth, specifically sought waivers on the Glenn, Symington and Pressler laws.
SEBI order to haul up Lever "not justified"
The Ministry of Finance on Tuesday struck down the SEBI's order of prosecution against five directors of Hindustan Lever Ltd (HLL) and payment of compensation of Rs 3.04 crore to the Unit Trust of India in the alleged insider trading case in the purchase of eight lakh shares of Brooke Bond Lipton India Ltd (BBLIL). The ministry said that SEBI's move to haul HLL up was without justication.