Sterling Bank Plc (STERLN.ng) HY2019 Interim Report

first_imgSterling Bank Plc (STERLN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2019 interim results for the half year.For more information about Sterling Bank Plc (STERLN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sterling Bank Plc (STERLN.ng) company page on AfricanFinancials.Document: Sterling Bank Plc (STERLN.ng)  2019 interim results for the half year.Company ProfileSterling Bank Plc is a financial services institution in Nigeria offering banking products and services to the corporate and commercial sectors as well as high net-worth individuals, small businesses and joint venture partnerships. The company provides a full-service offering for consumer and commercial banking as well as corporate, investment and wholesale banking. This includes loans and advances, letters of credit, equipment leasing, money market operations and electronic banking as well as financial advisory and securities trading services. The company was founded in 1960 and formerly known as NAL Bank Plc. Its head office is in Lagos, Nigeria. Sterling Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

I’d buy IG, a near-6% yielding FTSE 250 share with huge lockdown revenues

first_imgI’d buy IG, a near-6% yielding FTSE 250 share with huge lockdown revenues Simply click below to discover how you can take advantage of this. Enter Your Email Address Extreme share price swings in recent weeks mean a massive revenue spike for online share trading companies. At the top of my investment list to profit from this situation is FTSE 250 share IG Group (LSE:IGG).The London stockbroker and trading platform offered some juicy details in a recent update.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A report out on 19 April showed this was IG’s third-best quarter ever. Revenue in the three months to the end of February rose 29% to £139.8m. Its active customers rose 21% to 101,700 in the third quarter.And the shares now pay a near-6% dividend yield.“Financial market volatility has been sustained at exceptionally high levels since the last week of February 2020,” said IG CEO June Felix, “and client trading volumes have been exceptionally high.”Like FTSE 100-listed Hargreaves Lansdown, IG offers a Stocks and Shares ISA platform for investors. But its main revenues come from the fees it collects from day traders.Volatility is big businessWhen share prices are swinging around like they have been since the stock market crash, there are more opportunities to trade. Not to mention the number of furloughed UK workers now stuck at home twiddling their thumbs.As a result IG company revenue, which is driven by transaction fees, has also been “exceptionally high,” it says.Day traders aren’t like us long-term investors. Our credo — proven to build wealth over time — is to follow the likes of Warren Buffett or Terry Smith. We buy good companies, try not to overpay, and then hold our investments and let compounding do the heavy lifting.Day traders seek to take advantage of very short-term price share movements. They might only hold a stock for a day or even a couple of hours, seeking to sell quickly for more than they bought.Traders don’t just buy shares they think will rise in the short term. They also bet against, or ‘short’, shares they think will fall. They do this by spread betting or using a complex financial instrument called a CFD.We can extrapolate to a reasonably strong degree that stock market volatility will continue. There is still a high degree of uncertainty about the future. Over a third of FTSE 100 companies have cancelled their dividends. Most have said there is not enough earnings visibility to produce any kind of guidance.A third of the world still remains under some kind of government-mandated lockdown. And recent moves to cautiously re-open economies may have to be retrenched if coronavirus cases explode again.IG the OGDay trading is far too risky for me. Most uses leverage, where you borrow extra money from a broker when making bets to amplify your potential gains. Warren Buffett notably said: “It’s crazy in my view to borrow on securities. It’s insane to risk what you don’t have for what you don’t need.“Quoting his investing partner Charlie Munger, Buffett added: “There is only one way a smart man can go broke — using leverage.“However, I think you can still profit from investing in the market leader in this sector. I believe IG is way ahead of the competition, and the growth outlook for 2020 and into 2021 and beyond is extremely positive. Image source: Getty Images. See all posts by Tom Rodgers Tom Rodgers | Monday, 27th April, 2020 | More on: IGG Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Tom Rodgers has no current position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shareslast_img read more

Wales Autumn Internationals Squad

first_imgTake a look at the Welsh squad for their upcoming Autumn Internationals. Expand Wales Autumn Internationals SquadFORWARDS (20)Rob Evans (Scarlets) (27 Caps), Wyn Jones (Scarlets) (9 Caps), Nicky Smith (Ospreys) (21 Caps), Elliot Dee (Dragons) (10 Caps), Ryan Elias (Scarlets) (5 Caps), Ken Owens (Scarlets) (57 Caps), Leon Brown (Dragons) (3 Caps), Tomas Francis (Exeter Chiefs) (33 Caps), Samson Lee (Scarlets) (38 Caps), Dillon Lewis (Cardiff Blues) (5 Caps), Jake Ball (Scarlets) (28 Caps), Adam Beard (Ospreys) (4 Caps), Bradley Davies (Ospreys) (64 Caps), Cory Hill (Dragons) (18 Caps), Alun Wyn Jones (Ospreys) (117 Caps) (CAPTAIN), Ellis Jenkins (Cardiff Blues) (8 Caps), Dan Lydiate (Ospreys) (62 Caps), Ross Moriarty (Dragons) (23 Caps), Justin Tipuric (Ospreys) (57 Caps), Aaron Wainwright (Dragons) (1 Cap)BACKS (17):Aled Davies (Ospreys) (11 Caps), Gareth Davies (Scarlets) (33 Caps), Tomos Williams (Cardiff Blues) (2 Caps), Gareth Anscombe (Cardiff Blues) (18 Caps), Dan Biggar (Northampton Saints) (62 Caps), Rhys Patchell (Scarlets) (10 Caps), Jonathan Davies (Scarlets) (65 Caps), Tyler Morgan (Dragons) (4 Caps), Hadleigh Parkes (Scarlets) (8 Caps), Owen Watkin (Ospreys) (6 Caps), Josh Adams (Worcester Warriors) (4 Caps), Steffan Evans (Scarlets) (10 Caps), Leigh Halfpenny (Scarlets) (78 Caps), Jonah Holmes (Leicester Tigers) (*UNCAPPED), Luke Morgan (Ospreys) (*UNCAPPED), George North (Ospreys) (76 Caps), Liam Williams (Saracens) (48 Caps)Players not selected due to injury: LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Take a look at which teams are playing… Collapse Wales team to face Scotland in the Doddie Weir Cup – 3rd NovemberLeigh Halfpenny, George North, Jonathan Davies, Hadleigh Parkes, Luke Morgan, Gareth Anscombe, Gareth Davies, Nicky Smith, Ken Owens, Dillon Lewis, Cory Hill, Alun Wyn Jones , Dan Lydiate, Justin Tipuric, Ross MoriartyReplacements: Elliot Dee, Rob Evans, Leon Brown, Adam Beard, Aaron Wainwright , Tomos Williams, Jarrod Evans, Steff EvansWarren Gatland has named two uncapped players in the 37-man squad that will play Scotland, Australia, Tonga, and South Africa this Autumn.Luke Morgan, Ospreys wing and Wales’ Sevens highest ever points scorer, has been selected as has Leicester Tigers’ Jonah Holmes.Importantly, the side will get as many as eight British and Irish Lions back into the squad that had victories against the Springboks and Argentina earlier this year.Ken Owens, Alun Wyn Jones, Dan Lydiate, Justin Tipuric, Dan Biggar, Jonathan Davies, George North and Leigh Halfpenny all come into the squad.“This autumn is the start of a 12-month countdown to the Rugby World Cup and it is a huge opportunity for the players,” said Wales Head Coach Warren Gatland.“The players who performed and represented Wales so well in the summer deserve the opportunity again and we are really pleased with the depth we have built across the squad.“We have added in a lot of experience with eight British & Irish Lions coming into the squad so there is a lot of competition for places. Some experienced players have missed out, the message to them is the door isn’t closed looking long term, its just a reflection of where we are depth wise and the opportunity to look at other players. A further eight players haven’t been selected due to injury, dependent on their recovery they could be called in at a later date.” Make sure you know when, where and on… How To Watch The 2018 Autumn Internationals Tiger: Jonah Holmes has been named in the Welsh squad (Getty Images) Autumn International Fixtures 2018 Wales Autumn Internationals SquadWales are hoping to collect an Autumn Internationals clean sweep this weekend against South Africa. As a result, Warren Gatland has named a strong side with the only significant news being Leigh Halfpenny’s absence and Liam Williams inclusion at full-back. Halfpenny has not recovered from a concussion suffered against Australia.Warren Gatland said; “The players are fully aware of what they’ve achieved and they can do something special.“Momentum would be created for the Six Nations and they can continue to build towards the World Cup.“I haven’t seen this level of maturity in a group of players. We’re calm and our composure in games has been outstanding.“We want to end the campaign with a big performance against a very good South African side. It’s the end of a campaign, like a cup game. Winner takes all.”Wales team to face South Africa in the Autumn Internationals – 24th NovemberLiam Williams; George North, Jonathan Davies, Hadleigh Parkes, Josh Adams; Gareth Anscombe, Gareth Davies; Nicky Smith, Ken Owens, Tomas Francis, Adam Beard, Alun Wyn Jones, Dan Lydiate, Justin Tipuric, Ross MoriartyReplacements: Elliot Dee, Rob Evans, Dillon Lewis, Cory Hill, Ellis Jenkins, Tomos Williams, Dan Biggar, Owen WatkinWales team to face Tonga in the Autumn Internationals – 17th NovemberJonah Holmes; Liam Williams, Tyler Morgan, Owen Watkin, Steff Evans; Dan Biggar, Tomos Williams; Wyn Jones, Elliot Dee, Leon Brown, Jake Ball, Adam Beard, Aaron Wainwright, Ellis Jenkins (capt), Seb Davies.Replacements: Ryan Elias, Rob Evans, Tomas Francis, Cory Hill, Ross Moriarty, Aled Davies, Rhys Patchell, Josh Adams.Wales team to face Australia in the Autumn Internationals – 10th NovemberLeigh Halfpenny; George North, Jonathan Davies, Hadleigh Parkes, Josh Adams; Gareth Anscombe, Gareth Davies; Nicky Smith, Ken Owens, Tomas Francis, Adam Beard, Alun Wyn Jones, Dan Lydiate, Justin Tipuric, Ross MoriartyReplacements: Elliot Dee, Rob Evans, Dillon Lewis, Cory Hill, Ellis Jenkins, Tomos Williams, Dan Biggar, Liam Williams How To Watch The 2018 Autumn Internationals Autumn International Fixtures 2018 Seb Davies, Aaron Shingler, James Davies, Josh Navidi, Taulupe Faletau, Scott Williams, Hallam Amos, Owen Lane.Don’t forget to follow Rugby World for all the latest news from the world of rugby.last_img read more

Clothing for ‘charity’ collection scam exposed

first_imgClothing for ‘charity’ collection scam exposed A spokesman at Staffordshire’s Air Ambulance confirmed the collection had nothing to do with the organisation. Tagged with: Community fundraising Trading AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Trading standards officers have stopped a scam in Staffordshire in which people were encouraged to donate clothing purportedly to raise funds for the local air ambulance.In fact, although leaflets produced by the rogue door-to-door trader claimed “for every ton of clothing collected your local air ambulance will receive £100,” the ambulance did not benefit.Stafford County Council seized hundreds of bags of clothes donated by people in response to the “appeal.” According to the BBC, the trader responsible “has been contacted and warned off” by the Council. Advertisementcenter_img Howard Lake | 8 February 2004 | News  23 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Crop Insurance Could Take a Hit in Lame Duck

first_imgHome Indiana Agriculture News Crop Insurance Could Take a Hit in Lame Duck Facebook Twitter When Congress enters its lame duck session next week – ag policy experts agree federally subsidized crop insurance will be a target when Congress looks for ways to cut the budget deficit. On that same note – experts don’t think lawmakers will be able to compromise to enact a five-year farm bill – even though House Ag Ranking Member Collin Peterson said he is optimistic that if given the chance – they have the votes to pass a five-year farm bill. With this year’s drought – the cost of crop insurance should double. University of Missouri Food and Agricultural Policy Research’s Pat Westhoff says the odds are against a five-year farm bill during the lame duck session unless it’s part of a budget agreement. Crop insurance costs around 7-billion dollars a year and is the biggest part of the farm safety net. What could direct more attention to crop insurance is the full cost of drought indemnities – which will be released during the lame duck session. While senators voted to reduce the insurance subside for the wealthiest farmers – the House of Representatives haven’t decided. Many farm groups don’t understand why Congress could start attacking the one tool they have guided people toward for 25 years.Source: NAFB News Service SHARE SHARE Facebook Twitter Crop Insurance Could Take a Hit in Lame Duck By Andy Eubank – Nov 9, 2012 Previous articleUSDA Scientists Develop Sprayer AppsNext articleNeutral Crop Report Expected Andy Eubanklast_img read more

Summonses, threats and harassment are part of everyday life for privately-owned media

first_img Help by sharing this information November 16, 2011 – Updated on January 20, 2016 Summonses, threats and harassment are part of everyday life for privately-owned media The 2020 pandemic has challenged press freedom in Africa Four Burundian journalists complete 12 months in arbitrary detention Reporters Without Borders appeals to the government of President Pierre Nkurunziza to call a halt to the intensified efforts to intimidate privately-owned media organizations in Burundi, which have been subjected to daily summonses and cautions. News Follow the news on Burundi to go further RSF_en June 5, 2020 Find out more BurundiAfrica Receive email alertscenter_img News October 21, 2020 Find out more Reports November 27, 2020 Find out more Organisation News The managers of three privately-owned radio stations, Patrick Nduwimana of Bonesha FM, Eric Manirakiza of RPA and Vincent Nkeshimana of Isanganiro, were summoned by the public prosecutor on 10 November and asked to provide documentation on their status, internal rules and regulations and proof of funding for their radio stations.All of them rejected the demands by the prosecutor who gave no justification for the summonses and requests. A day earlier, the news editor of the station Isanganiro, Patrick Mitabaro, was also summoned. On 8 November it was RPA’s Rugurika and Nduwimana, news editor of Bonesha FM, who had to attend the Bujumbura prosecutor’s office.The radio stations were rebuked for having broadcast information about the Gatumba massacre, including a telephone account by the main accused Innocent Ngendakuriyo, known as Nzarabu, from Bubanza prison. These elements of the story were believed to have leaked out despite a government statement on 21 September banning the media from commenting in any way on the investigation pending publication of the official report. On 6 November, Niyongere of RPA was arrested on the Mutanga campus of Burundi University by the security officer, who tried to question him using force. The journalist finally managed to escape thanks to the intervention of his news editor Rugurika who went to his assistance.In an incident of a different kind, yet illustrative of the abhorrent attitude to journalists, Audace Nimbona, a correspondent of Bonesha FM radio and the agency Syfia Grands Lacs in the northern town of Ngozi, had stones thrown at him by unidentified people on 5 November. He escaped but found a cross left outside his front door the next morning.Picture : President Pierre Nkurunziza (EANA / The Citizen) BurundiAfrica Burundian appeal court upholds prison sentences for four journalists The organizations that have been singled out are Radio Publique Africaine (RPA) and the stations Isanganiro and Bonesha FM. Those victimised are managers, news editors and journalists such as Eric Manirakiza, Bob Rugurika, Vincent Nkeshimana, Patrick Mitabaro, Patrick Nduwimana among others.At least two ministers are in the forefront of the moves against these organizations. Two days ago the interior minister, Edouard Nduwimana, openly accused RPA of “incitement to disobedience and hatred”.The communications minister, Concilie Nibigira, accused TV Renaissance as well as RPA, Bonesha FM and Isanganiro of endangering public order and the peace today by calling on motorists to toot their horns for 15 seconds from 12:20 p.m. Referring to the investigation into the massacre in Gatumba on 18 September, she added that “anyone who publishes in the media or by other means any part of a pre-trial file will be liable to the application of article 11 of the 2003 law governing the press in Burundi.” The minister concluded by appealing to the press to “avoid any escalation, otherwise you will be required to bear the consequences in accordance with the relevant provisions of the criminal code”.Reporters Without Borders said: “In Burundi, journalists and managers in privately-owned media who try to express themselves freely and investigate sensitive issues are subjected to an appalling campaign of intimidation, symbolised by these continual summonses. The fight against discouragement has become their challenge.“The frequency of attacks on press freedom, already worrying last year, has increased since the massacre in Gatumba at the end of September and they have become almost daily in recent days.“In this war of nerves being waged against them by the Burundian authorities, these journalists can count on our support. “We call on the authorities, as has the head of the European Union delegation in Bujumbura, to allow the media and civil society to fulfil their role. “We also urge them to ensure complete transparency in the investigation into the Gatumba massacre.”Bob Rugurika, news editor of RPA radio, and its journalist Bonfils Niyongere, were questioned for some 12 hours at the public prosecutor’s office two days ago. This was understood to be linked to RPA’s broadcast of information about the Gatumba massacre, in which 39 people were killed and 40 wounded in the village of Mutumbuzi.The authorities imposed a media blackout on the killings. The two journalists concerned have received a new summons for 18 November.last_img read more

Radio journalist kidnapped, beaten and left for dead

first_img Reporters Without Borders rallies former hostages in Paris, following the kidnapping of journalist Olivier Dubois. Help by sharing this information MaliAfrica RSF helps coordinate support for French journalist kidnapped in Mali News News July 6, 2005 – Updated on January 20, 2016 Radio journalist kidnapped, beaten and left for dead MaliAfrica Follow the news on Mali to go further Reporters Without Borders voiced horror today at a brutal attack on journalist Hamidou Diarra of Radio Kélédou, who was kidnapped by four men on 4 July in a residential district of Bamako and badly beaten.After putting a bag over his head, Diarra’s unidentified assailants gave him a severe beating, broke a beer bottle on his head, slashed his hands and feet with glass shards and finally left him for dead at roadside in Kati, 15 km outside Bamako. He was rushed to a Bamako hospital for treatment to his injuries.”We roundly condemn this violent attack aimed at intimidating a journalist whose radio programmes criticised a number of Malian politicians,” Reporters Without Borders said. “We call on the authorities to take steps to ensure that this attack does not go unpunished and to protect journalists in Mali.”Ibrahima Famakan Coulibaly, the president of the Union of Western African Journalists (UJAO), said Malian journalists were going to stage a sit-in today outside the headquarters of the ministry of communication and new information technology to press the authorities to carry out a proper investigation into the attack on Diarra.center_img June 8, 2021 Find out more RSF_en News Receive email alerts May 17, 2021 Find out more News French reporter says he has been kidnapped in northeastern Mali Organisation May 5, 2021 Find out morelast_img read more

Search for missing Limerick man continues

first_img Previous articleLimerick highest for personal injury claimsNext articleRape accused jailed for swearing at judge Staff Reporterhttp://www.limerickpost.ie NewsSearch for missing Limerick man continuesBy Staff Reporter – March 1, 2014 635 Email by Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up The search for missing 21-year-old Limerick man Adrian Quinn is continuing as Gardai seek the assistance if the public as to his whereabouts. As the family and friends of Mr Quinn wait in hope, Gardai are reminding the public that Adrian was last seen in the city on Tuesday evening in the Mungret Court area of Limerick between 4pm and 5pm on February 25 last. There are also reports of a sighting near Sarsfield House between 5pm and 6pm on the same evening.Adrian is described as 5′ 10″ tall and of slim build with short black hair with flecks of grey and brown eyes.Adrian was wearing a navy and white top with a navy tracksuit pants and navy LA trainers.He would also have had on a black jacket that has a fur lined hood.Supt Daniel Keane said that If anyone has any information as to the whereabouts of Adrian, members of the public are asked to make contact with Henry Street garda station on 061 212400 or on the Garda Confidential Line 1800 666 111.The Shannon based rescue helicopter together with other search and rescue party groups and Limerick marine search and rescue have joined the search for Adrian. Advertisement RELATED ARTICLESMORE FROM AUTHOR Gardaí looking to locate missing Limerick man Facebook TAGSadrian quinnlimerick manmissingrescue Printcenter_img Linkedin Emergencny services scrambled after reports of woman in water Woman rescued form Ballynanty blaze Twitter Two rescued from the water overnight Emergency services rescue man from Shannon River WhatsApp #BREAKING Man saved from River in early morning rescuelast_img read more

Number of cars vandalised in Long Lane area of Letterkenny overnight

first_img Previous articleSoccer – Coll Departs Man UtdNext articleElderly woman’s home attacked by vandals in Strabane News Highland Twitter Pinterest Twitter 365 additional cases of Covid-19 in Republic By News Highland – July 3, 2012 75 positive cases of Covid confirmed in North Man arrested on suspicion of drugs and criminal property offences in Derry A number of cars had their wing mirrors smashed and panels damaged in a spate of vandalism in Letterkenny in the early hours of this morning.The attacks happened in the Ashbrook and Long Lane areas at around 5am.A back window of a house was also smashed in the same area.Local Town Cllr Gerry McMonagle spoke to a number of car owners, he says a number of youths were seen in the area at the time:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/gmc1pm.mp3[/podcast] Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Newscenter_img Google+ Number of cars vandalised in Long Lane area of Letterkenny overnight Facebook RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan fire Google+ Pinterest Further drop in people receiving PUP in Donegal WhatsApp Facebooklast_img read more

Supreme Court To Hear PIL Challenging Legislative Competence Of State Assemblies In Adopting Resolutions Against Central Statutes Like CAA/Fram Laws

first_imgTop StoriesSupreme Court To Hear PIL Challenging Legislative Competence Of State Assemblies In Adopting Resolutions Against Central Statutes Like CAA/Fram Laws Srishti Ojha11 March 2021 7:03 AMShare This – xSupreme Court of India will on Friday hear a plea challenging the legislative competence of diverse State Assemblies in adopting ‘Resolutions’ against central statutes like CAA and farm laws which fall under the Union List of the Seventh Schedule.A bench of CJI SA Bobde and Justice Bopanna will hear the PIL filed by Samta Andolan Samiti impugning the Legislative actions of four different…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginSupreme Court of India will on Friday hear a plea challenging the legislative competence of diverse State Assemblies in adopting ‘Resolutions’ against central statutes like CAA and farm laws which fall under the Union List of the Seventh Schedule.A bench of CJI SA Bobde and Justice Bopanna will hear the PIL filed by Samta Andolan Samiti impugning the Legislative actions of four different State Legislative Assemblies of Rajasthan, Kerala, Punjab and West Bengal which according to the petitioner, have infringed Fundamental Rights of all Indian citizens.The petition has been filed to raise a question of law as to whether within the Constitutional framework, more particularly Article 213(2)(a) and Article 246(1), any State Legislature can adopt ‘Resolution’ adversely criticising a central Statute which falls in List I of the Seventh Schedule.According to the petitioner the State Legislatures of Rajasthan, Kerala, Punjab and West Bengal purportedly adopted Resolutions condemning and adversely criticising the Citizenship (Amendment) Act, 2019 even after it was passed by both Houses of the Parliament and received Presidential assent being duly notified in the Gazette of India. The Act had come into effect on 12th December 2019, followed by about sixty purported Writ Petitions challenging the Constitutional validity of the said Legislation being filed and pending adjudication before the Supreme Court, wherein notices were also issued. Further, the Legislative Assembly of West Bengal has of late again adopted a Resolution against three other recently passed central Legislations (farm laws) emanating from List I which have also been challenged before the Supreme Court by way of Writ Petitions.According to the petitioner, the Rules of Procedure of the these Legislative Assemblies framed under Article 208 contain chapters titled ‘Resolutions’ and the same, apart from imposing a precondition upon the Speakers to decide the admissibility of the Resolution before allowing the same to be placed in the Assembly, also prohibit subjects which are not primarily the concern of the State Government and on which litigations are pending.The petitioner has argued that the impugned Resolutions and the process leading to their purported adoption are patently illegal, arbitrary and unsustainable in law, as those Resolutions target a central Legislation impinging upon entry 17 of the Union List, and as such are in breach of the Constitutional embargo set out in Article 246(1).Calling this an ‘arbitrary and motivated incursion’ into the Union List under the Seventh Schedule, the plea has argued that the participating legislators of the four states have infringed Fundamental Rights of the people thus manifestly violating the ‘oath of office’ administered by them while being made members of the respective Legislative Assemblies.The petition has further argued that the facts and circumstances of the present case fall way beyond the narrow confines of Article 213(2)(a) and the whole process followed by the States is unknown to, disapproved by and in violation of the Constitution of India. Under Article 213(2)(a), when an Ordinance is brought, but before the expiration of six weeks from the reassembly of the legislature, the members of the Legislative Assembly want to disapprove the contents of the Ordinance and the said disapproval is agreed to by the members of Legislative Council, the same is liable to be done by way of passing a Resolution by the Legislators to that effect.The petition has further stated that, while interpreting the scope and purports of Article 194 of the Constitution, in Powers, Privileges and immunities of State LegislaturesRe, the Court had held that the freedom of speech of the legislator contained in the said provision relates only to the regulation of the procedure of the Legislation and as such is independent of the freedom of speech guaranteed under Article 19(1)(a). It was further held inter alia that the said freedom of speech with regard to legislative procedures only is absolute and unfettered and the Legislators are immune from any action in a Court of law. The petitioner has argued that the said perception of immunity has purportedly encouraged the these States to facilitate passing of the impugned resolutions, as sincethe said immunity protects Legislators who misuse their limited freedom of speech and purposely violate provisions of the Constitution from disqualification for membership within Article 191 of the Constitution, no disciplinary action can be taken by the Governor under Article 192 against them even in the face of blatant legislative overreach offending Article 246 and the Union List in the Seventh Schedule. According to the petitioner, the Speakers of these State Legislative Assemblies did not apply their mind to the fact that the State Assemblies had no jurisdiction to make laws on the subject matter of the central statute in question which did not per se concern any particular State Government. They could therefore not discuss, debate or pass Resolutions against the said central legislation. The Speakers also failed to consider that many writ petitions challenging the Constitutional validity of Citizenship (Amendment) Act,2019 were already pending adjudication before the Court when the said Resolutions were passed and should have therefore rejected those resolutions.The plea has cited the case of Raja Ram Pal Vs. Hon’ble Speaker, Lok Sabha (2007) where it was also held inter alia that the action of the Speaker on the floor of the Legislature is open to judicial review. It has also cited order that in the case of State of W.B. Vs. C.P.D.R. (2010) where it was held by a Constitution Bench of the Supreme Court that judicial review is otherwise essential for resolving the disputes regarding the limits of constitutional power and constitutional limitations as an ultimate interpreter of the ConstitutionNext Storylast_img read more