More on Ummid: International l National Regional l Politics Business Religion l History l Culture l Education

 

 

Court notice to IITs on joint entrance examination

Bharti-Walmart 'push' changes face of Punjab village

Court admits plea to probe into Hajj quota

Centre not averse to CBI probe into Ishrat case

Pune blast: ATS submits report, claims perpetrators identified

Anti-corruption inspector arrested for taking bribe

Pune RTI activist murder case handed over to CBI

BJP fact-finding team taken into custody in Hyderabad

 

Reservations: Dilemmas Galore: Heated debate has been generated around women’s reservation bill (WRB) with both sides having their inflexible positions. On one side there are those  .....Read Full

Women Reservation Bill: All party meet fails to end impasse

Mumbai HC dismisses Malegaon blast accused plea seeking fresh probe: Bombay High court today refused to order a fresh probe  .....Read Full

Congress strives for consensus on women's bill

   

Pune blast: ATS submits report, claims perpetrators identified: The Maharashtra Anti-Terrorism Squad (ATS) on Wednesday submitted its investigation report on the Pune blast  .....Read Full

Maoists massacre 76 troopers, government fumes: India’s sweeping anti-Maoist offensive suffered a huge blow Tuesday when the Leftwing guerrillas ambushed and massacred  ......Read Full

Apex court removes two Gujarat cops from riots probe panel: The Supreme Court Tuesday removed two senior Gujarat police officers from its special probe panel investigating ....Read Full

World’s tallest tower saves 3,200 KW daily: Dubai’s Burj Khalifa, the world’s tallest tower, saves up to 3,200 KW of energy every day by tapping solar power to heat the 140,000 ....Read Full

   

 

Delhi HC snubs school for violating Right to Education Act: The Delhi High Court Monday directed a private school to take back its class VI student, whom they had expelled because she had failed in the exams.....Read Full

Ranganath Mishra report may be discussed in parliament: Amid political stalemate over introduction of the women's reservation bill in the Lok Sabha, the United  ....Read Full

Shahi Imam meets PM on Batla House shootout: A top Muslim cleric Saturday met Prime Minister Manmohan Singh over the alleged fake shootout at the Batla  .....Read Full

Keep us away from sadhvi: Malegaon accused: Apparently not happy with the media spotlight on sadhvi Pragya Singh Thakur, nine of the 11 co-accused ....Read Full

Govt. committed to quota for 'backward Muslims': Government on Wednesday said it is committed to providing reservation to the backward sections .....Read Full

2011 population census begins April 1: One of the largest census exercises, to compile India’s estimated 1.2 billion people into one single database .....Read Full

   

HC restrains Kerala Govt from participating in 'Islamic Bank'

Thursday, April 08, 2010 04:53:09 PM, UNI

Problems and Prospects of Islamic Banking in India – Road Map ahead: Modern, secular and industrialized countries like Britain, Singapore, Hong Kong and Japan have become hub of .....Read Full

Kochi: The Kerala High Court today issued an interim order restraining the State Government or any other instrumentalities of the Government from participating, financially or otherwise, in the functioning of a bank popularly known as 'Islamic Bank.'

 

The interim order was issued by a Division Bench, comprising Chief Justice J Chelameswar and Justice C N Ramachandran Nair.

The court made it clear that Al-Barak company could function on its own according to the law of the land after obtaining the necessary clearances.

 

The interim order was issued by the High Court while considering writ petitions filed by former Union Law Minister Dr Subramanian Swamy and R V Babu, State Secretary of the Hindu Aikya Vedi. They had challenged the Government Order directing the KSIDC to have 11 per cent equity participation in the bank by Al-Barak private company.

 

The Government order was challenged by writ petitioners on the grounds that it was against the basic tenets of secularism as enshrined in the constitution. So the petitioners raised that the functioning of the bank would be against the Reserve Bank of India (RBI) guidelines.

 

The court also directed the Union Government and RBI to file counter affidavits in the case. The case was posted for further hearing on June three.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Bookmark and Share

Home | Top of the Page

  Comment on this article

Name:

E-mail Address:

Write here...

 

 

 

 

 

 

 

 
 
 

Ummid.com: Home | Contact Us | Disclaimer | Terms of Use | About Us | Feedback

Ummid Business: Advertise with us | Careers | Link Exchange

Ummid.com is part of Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and condition mentioned.