New Delhi : No formal representation seeking review or repeal of the sedition law has been received by the government, Lok Sabha was informed today.
A total of 47 cases under this law were reported across the country in 2014 with only one conviction that year, the government said.
Responding to a question, Minister of State for Home said, “The government has not received any formal representation regarding review/repeal of the sedition law.”
He added, however, that in October, 2012, a request was made by the Home Ministry to the Ministry of Law and Justice to study the usage of the provisions of Section 124A of IPC and suggest amendments.
The Law Ministry requested the Law Commission to consider undertaking a comprehensive review of criminal laws in the country, he said.
@Agency report.
Mumbai : The Bombay High Court today asked Maharashtra Government to come out with a comprehensive policy to rehabilitate child beggars in the city.
Expressing concern over the rising number of child beggars in the city, a bench headed by Justice Abhay Oka asked the government to rescue them and provide facilities for their accommodation and education.
The bench was suo motu hearing a public interest litigation (PIL) stating that there was an urgent need for the State to address this problem.
The HC had earlier asked the government to find out the number of children begging on the city streets and how many of them are orphans and whether others have parents or guardians.
In this regard, the HC had asked the government to refer to a census of child beggars conducted in 2013 by Asha Mukundan, a professor of Tata Institute of Social Sciences (TISS) and various other NGOs.
The government must find out how many children have taken to begging either forcibly or voluntarily, the petition stated.
The PIL stated that children are the future of the country and should be imparted education. It is the duty of the state to ensure that they are not asked to beg under any circumstances.
“The government has a responsibility to take care of destitute children, who either do not have parents or are forced by their elders to take to begging to earn a living,” the PIL stated.
@Agency report.
New Delhi: To help investors get a clearer picture on their returns, markets regulator Sebi plans to encourage listed companies to put in place their own dividend distribution policies.
The proposal forms part of Sebi’s Plan of Action for the next fiscal, beginning next month, which was approved by the regulator’s board this weekend.
The capital market watchdog would seek to strike a balance between investor interest and not being prescriptive in terms of regulations for dividend payment.
While dividend payment has been in vogue for many decades, having a clearly defined policy in this regard would help investors identify and understand the potential of returns on investments made in a company, a senior official said.
Sebi board has identified dividend distribution policy as a focus area for the regulator in 2016-17 period and efforts would be made to encourage listed entities to work in this regard.
In this regard, Sebi is looking to ensure that listed firms can state circumstances under which investors can or cannot expect dividend payouts.
Late last year, there was furore over InterGlobe Aviation, which operates the no-frills carrier IndiGo, doling out hefty dividends to promoters before its listing as the payout had resulted in the company’s net worth turning negative for a brief period.
Though on the anvil for quite sometime, a decision on making dividend distribution policy must for publicly traded companies would be made only after extensive stakeholder consultations.
The capital market regulation might also ask companies to disclose a broad formula for dividend calculation.
At the same time, the Sebi would steer clear of any directive being given to the companies to pay any particular dividend amount as it wants to focus on disclosures rather than being intrusive into financial decisions of the companies.
Earlier, Sebi’s International Advisory Body had suggested that companies as a policy should not be forced to pay dividend and it is a better idea to explore mandating a dividend distribution policy for corporates.
A number of companies in India already have dividend distribution policy in place, but it is not mandatory under any regulation and therefore there is no uniformity in such policies of different corporates.
Dividend payouts used to be a major attraction for stock market investors, but as many companies are more focussed on higher share prices they have also cut down on dividend amounts.
In recent times, there have been concerns among investors that listed firms are not paying dividend despite sitting on huge cash piles.
Globally too, investors have been raising their voice against the companies that are hoarding cash and not distributing their extra profits among shareholders.
@ Agency report.