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Parliament Monsoon Session Highlights: Fugitive Economic Offenders Bill, 2018 passed in Lok Sabha

Parliament monsoon session: The Fugitive Economic Offenders Bill will now empower authorities to attach and confiscate the properties and assets of economic offenders like loan defaulters who flee the country.

By: Express Web Desk | New Delhi |
Updated: July 20, 2018 10:32:13 am
By undermining Parliament, government is curtailing the role of the Opposition Parliament Monsoon Session 2018: A showdown is likely between the Opposition and the NDA with the government planning to introduce the Right to Information (Amendment) Bill 2018 in Rajya Sabha

Click here for LIVE Updates on the vote of no-confidence against the NDA government

Parliament Monsoon Session 2018:  The Lok Sabha on Thursday passed the Fugitive Economic Offenders Bill, 2018 with the majority of the house supporting it. The bill will now empower authorities to attach and confiscate the properties and assets of economic offenders like loan defaulters who flee the country.  Meanwhile, the Rajya Sabha has passed amendments to Prevention of corruption act bill (2013). Both houses have been adjourned for the day.  It will resume on Friday at 11 am with the crucial no-confidence motion debate and voting.

Earlier in the morning, Opposition leaders raised slogans against Civil Aviation Minister Jayant Sinha for garlanding men convicted of lynching a meat trader in Jharkhand. They raised slogans such as “stop garlanding convicts” as Sinha responded to the question.

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Both houses adjourned

18:47 (IST)19 Jul 2018
Both houses adjourned for the day

Both the houses were adjourned for the day with the Lok Sabha passing the Fugitive Economic Offenders Bill and Rajya Sabha passing amendments to Prevention to Corruption act (2013 


18:39 (IST)19 Jul 2018
Rajya Sabha passed Prevention of Corruption (Amendment) Bill, 2013

The Upper House on Thursday passed. The Prevention of Corruption (Amendment) Bill, 2013. 

18:27 (IST)19 Jul 2018
What is Fugitive Economic Offenders Ordinance, 2018?

It empowers authorities to attach and confiscate the properties and assets of economic offenders like loan defaulters who flee the country. The impact will be a creation of a special forum for a speedy confiscation of the proceeds of crime, in India or abroad, would force the fugitive to return to India to submit to the jurisdiction of courts in India to face the law in respect of scheduled offenses.

18:13 (IST)19 Jul 2018
Economic reforms has helped us in becoming Taxpayers than tax evaders: BJP leader Jitender Singh

Most of the economic measures brought in were not just economic reforms but social reforms too. It has gone beyond realms of economics and has brought in change. It has helped us in becoming Taxpayers than tax evaders. MoS personnel Jitender Singh.

18:07 (IST)19 Jul 2018
Lok Sabha adjourned

The Fugitive Economic Offenders Bill, 2018 has been passed in Lok Sabha. Lok Sabha will be resumed on Friday at 11 am. 

17:24 (IST)19 Jul 2018
Prevention of corruption act is more like promotion of  corruption: Congress leader M V Rajeev Gowda

The government has failed to disclose the actual cost of our own aircraft in Rafale deal,  witnesses are being killed, Vyapam scam is out and Lok Pal bill is not passed, this bill clearly works towards  promotion of  corruption than prevention of corruption, says Congress leader M V Rajeev Gowda

17:08 (IST)19 Jul 2018
Cong protests as BJP MP says CBI will chargesheet ex-FM

The Congress and BJP ended up in conflict when a BJP member claimed that the CBI was going to chargesheet a former finance minister in a criminal case involving fugitive economic offender Vijay Mallya.

Congress leader Mallikarjun Kharge immediately questioned as to how was he aware of the impending CBI action and said it indicated that the agency was acting in a "pre-planned" manner. "It shows it is all pre-planned. How do you know it?... You are mentioning this. It means you get reports (from CBI)," he said intervening during Dubey's speech on the Fugitive Economic Offenders Bill.

16:18 (IST)19 Jul 2018
Opposition prepares for no-trust vote against Modi government

Follow Cartoon by Mika Aziz here 

16:12 (IST)19 Jul 2018
We have the number and our moral is up, says BJP MP Shatrughan Sinha

I think there are intellectuals in opposition but they should've done it later. Because we have the numbers and our moral is also up. I haven't left BJP and party hasn't left me. As long as I'm in BJP, I'll support it and follow every whip, BJP MP Shatrughan Sinha said on No-confidence motion. 

16:08 (IST)19 Jul 2018
No political will in government: Digvijay Singh

I don't see any political will in government. Lokpal has not been passed for four years now. Corruption keeps happening but no investigation is done. There is no enactment of Prevention of corruption act, says Congress leader Digvijay Singh

16:04 (IST)19 Jul 2018
Prevention of Corruption Bill being discussed in Rajya Sabha

The Prevention of Corruption Bill (Amendment), 2013 is being discussed in the Rajya Sabha right now and The Fugitive Economic Offenders Bill, 2018 is being discussed for consideration and passing in the Lok Sabha.

15:58 (IST)19 Jul 2018
Centre to provide Rs 2,969 crore for waterlogging issues across country

Housing and Urban Affairs Minister Hardeep Singh Puri said, to help states tackle the problem of waterlogging in the aftermath of heavy rains, the Centre has provided Rs 2,969 crore under its AMRUT scheme. States can reallocate funds as per their priority. The first tranche of the Central assistance under AMRUT scheme has been allocated to all states barring a few which did not meet certain milestones.

15:47 (IST)19 Jul 2018
AAP directs MPs to vote in favour of no-confidence motion
15:39 (IST)19 Jul 2018
Hema Malini demands Right to water during Zero Hour

BJP MP Hema Malini demanded right to water during the Zero hour. She said, increasing unplanned urbanisation and concrete jungles are leading to depletion of groundwater, people are facing problems in accessing clean drinking water in the country. Quoting a Niti Aayog report, she said crores of people do not have access to clean drinking water and the situation was likely to worsen in the future.

15:36 (IST)19 Jul 2018
No compromise on security on passport application mobile app, says Swaraj

Replying to a query during Question Hour in the Rajya Sabha Minister of External Affairs Sushma Swaraj said "all security measures" were being followed and once the data centre receives the application, it will be automatically deleted from the sender's mobile.

She said, There has been no compromise on security aspects with regard to passport applications through the new mobile app and any attempt to get fake passports made from cyber cafes will be rejected.

External Affairs Minister Swaraj had launched the application, available in Android and IOS platforms, on June 26 with facilities for applying, paying and scheduling appointments to acquire a passport.

15:07 (IST)19 Jul 2018
Tamil Nadu might not back no-confidence motion

Tamil Nadu Chief Minister K Palaniswami hinted his party AIADMK might not back the no-confidence motion against the Narendra Modi government, saying the motion was moved by the TDP over an issue concerning Andhra Pradesh.

No party had backed Tamil Nadu on the Cauvery issue when AIADMK lawmakers had stalled Lok Sabha for nearly three weeks seeking the constitution of the Cauvery Management Board and the Cauvery Water Regulatory Committee, he said according to news agency PTI 

'You should understand. They (TDP) have moved the no-confidence motion for a problem concerning Andhra Pradesh. When AIADMK MPs from Tamil Nadu stalled Parliament (during the previous session), who did voice (support) for us, who came forward to solve the problems of Cauvery delta farmers,' he asked.

15:05 (IST)19 Jul 2018
Shiv Sena issues whip for all its MPs

Shiv Sena has issued a whip for all its MPs but hasn't yet confirmed its stance regarding the no-confidence motion.  

14:50 (IST)19 Jul 2018
Agencies in India being misused: Anand Sharma

Congress leader Anand Sharma attacked BJP over corruption. "The amount of money the country lost in the last two years is way more than it lost in the previous years. In last 2 yrs money going to Swiss Banks has increased. You said money will be deposited into people's bank accounts but instead of that money went outside India," he said in Rajya Sabha. "The truth is that your agencies are being misused. Are there two laws in the nation? One implemented from the political point of view for political rivals & the other for your own people on whom there are serious allegations? he added

14:32 (IST)19 Jul 2018
Shares in India flat ahead of tomorrow's no-trust motion

Shares in India were muted on Thursday with losses in heavyweights such as Tata Consultancy Services Ltd offsetting gains in consumer stocks including Hindustan Unilever Ltd, a day ahead of a no-confidence motion against the government.

The broader NSE index was flat at 10,980.35 as of 0717 GMT while the benchmark BSE index edged up 0.19 percent to 36,441.69.
Broader Asian shares struggled to hold earlier gains made after upbeat Wall Street earnings, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.19 percent.

"The participation is sort of muted with individual portfolios not doing well. Only Nifty-based portfolios are protected ... frustrating investors," said Deepak Jasani, head of retail research at HDFC Securities. "They are disappointed their portfolio values do not seem to reflect Nifty's bullishness seen in recent times," Jasani said. Nifty mid-cap 50 index fell as much as 1.8 percent and is down over 13 percent this year as of last close.

Technicals suggest Nifty has strong support at 10,929 points where as 11,046 acts as a strong resistance. The BSE index, which hit a record high on Wednesday, has strong support at 36,278 and resistance at 36,692.

Housing Development Finance Corp and Tata Consultancy Services, down nearly 1 percent each, were the top drags on the NSE index.
Mid-cap IT stock Mindtree Ltd lost 12.2 percent, its biggest intraday fall since Sept. 2011. Larsen & Toubro Infotech Ltd and Hexaware Technologies Ltd were also trading lower.

State-run lenders, however, gained with the Nifty index of PSU banks trading 1.6 percent higher. Bank of Baroda Ltd advanced 3.9 percent.
Consumer stocks advanced, with Hindustan Unilever gaining 1.3 percent.


14:28 (IST)19 Jul 2018
BJP confident of majority, no-trust motion pointless, says G V L Narasimha Rao

"The numbers are very clear. The BJP by itself has a majority in the lower house. We have nearly 314 members within the NDA and there are many other parties which are likely to oppose this no-confidence motion - because this is completely pointless," BJP national spokesperson G V L Narasimha Rao told reporters outside Parliament.

By undermining Parliament, government is curtailing the role of the Opposition Both houses adjourned for the day

On Day 1 of the session, Lok Sabha Speaker Sumitra Mahajan accepted Telugu Desam Party's no-confidence motion against the Modi government. The motion that is to be taken up on Friday has ended the impasse that had washed out the Budget session. Proceedings in Rajya Sabha were largely smooth after Chairman M Venkaiah Naidu agreed to take up the TDP members' demand of a debate on the grant of special package for Andhra Pradesh, sometime next week.

Earlier in the day, Prime Minister Narendra Modi remained hopeful of a peaceful Session and asserted that his government was ready for debate on any issue raised by political parties. "Any party wants to raise any issue, this government is ready for a discussion," he told reporters just before the beginning of the session. The prime minister expressed the hope that Parliament's functioning will be an inspiration for state assemblies in the country.

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