Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9909)	12/4/1999 11:01:00 AM
From: Hans U. Tschanz	Read Replies (1) \| Respond to of 12475

Mohan, Thank you for this report. I am going to buy some on Monday on the German exchange, this in view of the NYSE listing. Furthermore I read today (http://www.tages-anzeiger.ch/991204/81270.HTM) that India is apparently partially opening the insurance market for foreign companies. Hans

To: Mohan Marette who wrote (9909)	12/4/1999 3:37:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Lok Sabha introduces bill on citizenship Free Press Journal December 4, 1999 NEW DELHI: Amid heated exchanges between Congress and treasury benches, a private member's constitution amendment bill seeking to make only "natural born citizens" of India eligible to hold high offices of President, Vice-President or Prime Minister was introduced in the Lok Sabha on Friday, reports PTI. Soon after BJP's Kirit Somaiya moved the bill to amend article 58 of the Constitution to substitute the word "citizen" with "natural citizen", Congress member P K Bansal opposed its introduction saying any bill which sought to change the "basic character" of the Constitution could not be allowed to be introduced. Bansal pointed out that all such bills had to be cleared by the parliamentary committee on private members bills and resolutions before being allowed to be moved and this committee had not yet been set up. Heated exchanges broke out between Opposition and treasury benches with BJP members demanding a full discussion on the issues raised in the bill and Congress saying the objects and reasons to bring about such a legislation reflected BJP's "paranoia" and was beyond the legislative competence of the house. Deputy Speaker P M Sayeed, who was in the chair, had a tough time controlling the members from both sides who went on raising points of order for and against the bill's introduction. In the midst of the din, Congress chief whip Priyaranjan Dasmunshi, while objecting to the bill's provisions, shouted, "I was born in East Pakistan. But I am in this house today." IUML leader G M Banatwalla said "even Abul Kalam Azad was born in Mecca, but he became the education minister of India." Dasmunshi said the bill "touched the fundamental rights of the Constitution and affected its very basic core" and it could not be introduced as it went against Article 19 which granted equal status to all citizens. Stating that this issue was not thought of when the Constitution was framed, Somaiya said the term "natural born citizen" had been defined in the American constitution and read out parts of it, while his party colleague M A K Swain demanded full-scale discussion on the issue. The deputy speaker rose twice to stop members from continuing their wordy duel and finally put the question before the house. After taking sense of the house through a voice vote, Sayeed ruled that the bill be permitted to be introduced. After the ruling, Congress member Buta Singh and Dasmunshi said the bill was "an assault" on the Constitution and would create "gradations among citizens", while BJP members applauded loudly. Later, replying to reporters' questions, Prime Minister Atal Behari Vajpayee said the issue of "foreign origin" formed part of the National Democratic Alliance's (NDA) poll manifesto and every member had a right to introduce any legislation on any issue.