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India’s first global meet for mgmt accountants in Jan
Chandigarh, September 23 Institute’s president Chandra Wadhwa said, “Drastic changes have been made in the system. Now ICWAI curriculum would have four examinations in Foundation, six exams in Inter and eight exams in Final. The institute is going to tie up with CIMA (UK) - Certified Institute of Management Accountants for mutual recognition.” Addressing mediapersons during a press conference today, Wadhwa said ICWA is also organising ‘Global Summit of Management Accountants’ on January 10-12 next year at Vigyan Bhawan, New Delhi for the first time in India.” The conference is being organised with The Institute of Management Accountants of Bangladesh and Sri Lanka as co-hosts. The technical partners of the Global Summit would be ICMA, USA, Canada and UK. “The summit is likely to be inaugurated by the Prime Minister,” Wadhwa added. The ICWAI is the premier body, which has been entrusted with the formulation of Council of Valuation Professional of India. At present, the institute is the only regulating authority for cost and management accounting profession in India. It is also planning to introduce post qualification courses in the field of Financial Services (Capital Markets) and Systems Audit. “In India, at present there is a need to have Bench Marking. The ICWAI has taken a lead and has constituted a Committee on Bench Marking, which would work in consonance with National Productivity Council and Bureau of India Standards. This will help in addressing issues relating to cartels being formed by various industries,” said Wadhwa. Earlier, a seminar on valuation management was also organised by the Chandigarh-Panchkula Chapter of ICWAI. The key speakers were B.B. Goyal (adviser (Cost), Government of India) and Ashok Juneja (director, Merchant Banking).
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‘Bachpan’ chain of schools opens branch in region
Panchkula, September 23 The playschool, which equipped with modern infrastructure, is a collaborated venture of the S.K. Educations Private limited and the I.K. Educations Chandigarh with Indu Verma and Kusum Bhargav as its directors. Inaugurating the school, the 267th in the country, chief guest N.K. Sharma (president of the Zirakpur Nagar Panchayat) said the school, complete with the elements of the European concept of education and the Indian ethical values, would certainly provide quality primary education. The national head (training) of ‘Bachpan’, D.C. Roy claimed that there were plans to open 1,000 branches in India in the next three years.
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Sainik School honours alumni
Chandigarh, September 23 The alumni association hosted a dinner at the Air Force Station, where Chief Justice of the Punjab and Haryana High Court Justice Vijender Jain was the chief guest. Brig M.P.S. Bajwa (retd) said Justice Bhalla and Mattewal are the first Saikapians to become a High Court judge and advocate general, respectively. They were presented with a shawl and a plaque. About 200 persons
attended the meet. — TNS
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MAT result
Mohali, September 23
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CrPC amendments: Not much hope for undertrials
Chandigarh, September 23 There are roughly 2,50,000 persons languishing in jails waiting for that ever-elusive hearing from the courts. The Code of Criminal Procedure (Amendment) Act, 2005, has been widely acclaimed by many who believe it would result in the release of as many as 50,000 undertrials, many of whom have been languishing in jails for years without their trials even beginning. “This is an erroneous opinion. The amendment is, in fact, a reversal of the Supreme Court judgments from 1996 onwards in the ‘Common Cause’ and the ‘Raj Deo Sharma’ cases,” says Onkar Singh Batalvi, advocate and secretary of the Punjab and Haryana High Court Bar Association. “The amendments are silent on any time frame for a criminal trial to end. Also, according to the aforesaid guidelines by the apex court, an accused was entitled to be released on bail or personal bond after being in jail for six months to a year, depending upon the gravity of the alleged offence. But post-amendments, the period has been stretched upto half the period of possible incarceration i.e. one-and-a-half to three-and-a-half years,” G.S. Attariwala, acting president of the bar association, adds.
Touching upon the Common Cause cases taken up by the apex court in 1996, Batalvi and Attariwala assert that the Supreme Court had found to its dismay that in many cases, where the persons were accused of minor offences, proceedings were kept pending for years “Many struck by penury languished in jail for long periods because there was no one to bail them out. The criminal justice system operated as a tool of oppression,” they emphasise. The apex court had then directed that, depending on the seriousness of the alleged crime, those in jail for a period of six months to one year would be released either on bail or personal bond, provided their trials were pending for one to two years.
Similarly, in the Raj Deo Sharma cases in 1998, the apex court had referred to its 1980 decision in the Hussainara Khatoon case where it was held that "financial constraints and priorities in expenditure would not enable the government to avoid its duty to ensure speedy trial to the accused". The court then issued guidelines for the closure of prosecution evidence and the release of the accused on bail after a certain period of time. It was clarified that "no trial could be allowed to prolong indefinitely due to the lethargy of the prosecuting agency". But what came as a jolt to the aforesaid guidelines and directions was a review by the Constitutional Bench of the Supreme Court in P Ramachandra Rao's case in 2004.The Bench set aside the previous directions relating to the closure of cases and the fixing of time limits for trials holding that it was “neither advisable nor practicable” to do so, says Attariwala. Importantly, overcrowding in the country’s jails is routine with some jails brimming over with as high as 300 per cent. This is not all. The amendment in Section 50-A of the CrPC introduces the Supreme Court's guidelines in DK Basu's case but leaves out the crucial element of giving notice to the family of the person being arrested in writing. “This is a glaring loophole as the police routinely makes false statements about giving notice verbally. Also, the amendment to Section 53 is potentially harmful because it seeks to make in a secretive manner lie detector and narco-analysis tests, which generally are dubious in nature, as admissible in evidence,” says Vikram Bajaj, a high court lawyer.
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Murder case pending since 1985
Chandigarh, September 23 An anxious Allah Singh said, “All I want and hope that the judgement in my son Inderjit’s murder case should be given before my death.” Inderjit Singh died on July 7, 1985. Allah Singh has been coming to almost every hearing from Patiala with the hope that the judgement is pronounced before his departure from this world. Inderjit Singh died in the house of his landlord, Hardev Singh. On the following day his dead body was found hanging and a case of suicide was registered in the police station, Sector 34, here though no suicide note was found at the place. After the funeral of his son, Allah Singh felt that his son had not committed suicide and it was murder as the room of Inderjeet was washed and the landlord’s family were giving contradictory statements. Thereafter, Allah Singh approached Dr S.K. Garg, who had carried out the post-mortem on Inderjeet’s body. Despite submitting the required amount and documents for getting the post-mortem on July 11, 1985, Allah claimed that he was given an illegible copy of report. In the inference report of the post-mortem, it was stated that Dr S.K. Garg had finished the post-mortem in 15 to 20 minutes. While the doctor claimed that the process was carried out for more than an hour. As Allah Singh was not satisfied with the investigation carried out by the police that stated it was a suicide, the judge asked the CBI to carry out the investigation again. Investigations were carried out about five times in this case. Out of the five investigations, the two concluded that it was a murder while the rest claimed it to be a suicide. The report submitted by DIG of the CBI K.C. Kanungo, who was asked to re-investigate into the circumstances leading to the death of Inderjit Singh, held that former CBI SP, R.K. Pachnanda, DSP D.S. Mann and DSP S.L. Gupta floundered in declaring it to be a case of suicide. Disclosing some facts Allah Singh said,“Kanungo’s report stated that my son was murdered was not presented before the court. The officials claimed that they had not received it. It was submitted at a later stage.”
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Collectors doling out lakhs for ‘globally recognised’ art works
Chandigarh, September 23 And if you thought the queries are just about non-expensive art, you must be mistaken. For, the maximum number of callers have enquired about Shyamal Mukherjee, the famous Bengal school artist, whose abundantly embellished forms sell close to Rs 1,50, 000, both in domestic and international markets. Following Mukherjee is M.F. Hussain, whose serigraphs sold the day they were put on show. Signatures by the master, these works are collectors’ delight, each one priced close to half a lakh. Speaking to TNS over phone from New Delhi today, Bhavna Kakar, who curated the show with Tagore, said: “The exhibition was a fair success. We sold a number of pieces. And the inquiries are on. The fact is that people don’t want to put all their money in one go. They want to come over to our gallery and examine the range of works by the artists they liked.” Following the show, Shyamal Mukherjee, Ram Gopal Kumawat, J.M.S. Mani, Ramesh Terdal, Banoj Mohanty and Seema Kohli emerged as the top six artists. In fact, both works of Kumawat, a famous printmaker from Rajasthan School of Art, got sold. Also among hot sells were the collages by Banoj Mohanty from Orissa. Priced nominally - around Rs 10,000 each - Mohanty’s works are known for their freshness. The beauty of Mohanty’s works is their practicability. As Kakar explains: “Mohanty has very meager means. So, he uses whatever he gets. In his canvases, forms emerge out of almost nothing. But they are rich in content and technique.” J.M.S. Mani’s works with strong Dravidian features were also picked by city viewers, otherwise known for their miserliness when it comes to collecting art. The tendency, in general, has been to collect signatures by legends like Hussain and Raza. “This tendency stays, but viewers are now experimenting with a new kind of art, one that adds a dash to their drawing rooms. Shyamal Mukherjee tops the list in this section,” says Kakar. Bangalore-based Ramesh Terdal’s abstract Ganesha’s and Seema Kohli’s flamboyant female forms (priced in lakhs) also found favour with the buyers, who dished out money for the pleasure of being noticed at ‘Arty Facts’. |
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