Plea in SC to deregister parties not divulging criminal cases of candidates

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New Delhi, Jan 17 | New Delhi,

The plea filed by advocate Ashwini Kumar Upadhyay contended that the cause of action for filing the plea arose after Samajwadi Party, fielded notorious gangster Nahid Hasan from Kairana but neither published his criminal records in electronic, print and social media nor the reason of his selection within 48 hours.

On February 13, last year, Shamli Police imposed the Gangster Act on Nahid Hasan, who is a two-time MLA from Kairana. “He (Hasan) has multiple criminal cases and is the mastermind behind the Hindu exodus from Kairana. There are many criminal cases including fraud and extortion and was declared a fugitive by Special MLA-MP Court”, said the plea.

The plea argued that the consequences of permitting criminals to contest, become legislators are extremely serious for democracy and secularism.

The plea sought a direction to the Election Commission of India to take steps to ensure that every political party publishes the details regarding criminal cases of each candidate along with reason for such selection on the homepage of its official website in bold letters within 48 hours in spirit of top court orders passed on September 25, 2018, and February 2, 2020.

“Law making is a serious business and no amount of personal wealth creation, entertainment and/or championship and medal tally can be compared with the importance of the solemn act of a lawmaker in Parliament, which certainly affects every aspect relating to the idea of a nation”, added the plea. The plea contended that criminalisation of politics in India has only grown.

The plea further added, “There are precedents for this Court to give directions to the ECI to preserve purity of elections and protect fundamental rights. In ADR Case, the Court directed ECI to call for information on affidavit from each candidate, inter alia, listing offences with which he is charged, assets of himself and his family by issuing necessary orders in exercise of power under Article 324”.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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