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Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017
New Delhi, July 23 (IANS) The Lok Sabha on Monday passed the Negotiable Instruments (Amendment) Bill, 2017, which provides for allowing a court trying an offence related to cheque bouncing to direct the drawer to pay interim compensation to the complainant.
Replying to a debate on the bill, Minister of State for Finance Shiv Pratap Shukla said: “There are 16 lakh cases of cheque bouncing still lying in subordinate courts and 35,000 cases are in higher courts.”
“The interim compensation may be paid under certain circumstances, including where the drawer pleads not guilty of the accusation. The compensation will not exceed 20 per cent of the cheque amount and will have to be paid by the drawer within 60 days of the trial court’s order to pay such a compensation,” he added.
Speaking during the debate on the bill, Congress leader Shashi Tharoor said: “The government while writing this bill doesn’t appear to have taken into account the best practices in other countries.
“In France, for example, a person who defaults on his cheque payments is added to a central register known as the FCC and he is banned from issuing any cheque for a period of five years. We could have put that to the law. This has proven to be an effective deterrent in France,” said Tharoor.
“Similarly, in some states in the US increased penalties were imposed if there is a second instance of a bounced cheque after the first conviction. We don’t have any such provision. It is a good bill up to a point but not sufficient. Much more should be added,” he said.
Kalyan Baneerjee of the Trinamool Congress said: “It is undoubtedly a good endeavour, but the question is when a complaint is lodged whether a trial would take place.
“As far as the parent act is concerned, sufferers would mostly be middle and lower-middle classes. Moreover, there is no time stipulated as regards in how many days the trial would be completed.
He also said: “Instead of lodging a complaint, make a provision to lodge a complaint with concerned police station. When a notice would be served, immediate steps would be taken, and they (police) are appropriate persons to catch the accused.”
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.