Karnataka Guv forwards Bill on 4 pc quota to Muslims in govt contracts to President's assent
Bengaluru, Apr 16 (PTI): Karnataka Governor Thaawarchand Gehlot has reserved the Bill pertaining to four per cent reservation to Muslims in government contract for the President's assent, Raj Bhavan sources said on Wednesday.
According to sources, Gehlot marked the Bill as reserved for Presidential assent and sent it to the Karnataka Law and Parliamentary Affairs Department. Now, the state government will send the file to the President to get his nod to the Bill that has created quite a stir in Karnataka.
In his letter to the state government, Gehlot said, "The Constitution of India does not permit reservation based on religion, as it violates the principles of equality (Article 14), non-discrimination (Article 15) and equal opportunity in public employment (Article16)."
"Supreme Court has consistently in various judgments ruled that affirmative action must be based on Social and Educational backwardness, not on religious identity," Gehlot said.
He also pointed out that the Article 15 of the Indian Constitution prohibits discrimination on grounds of religion, race, caste, sex, or place of birth.
"It is clear from Article 200 and 201 that a Bill passed by the State Assembly may become law if the Governor gives his assent to it or if having been reserved by the Governor for consideration of the President, it is assented to by the President," Gehlot said.
He emphasised that there is no provision in the Constitution, which lays down that a Bill which has been assented to by the President would be ineffective as an Act if there was no compelling necessity for the Governor to reserve it for the assent of the President.
It is for the Governor to exercise his discretion and to decide whether he should assent to the Bill or should reserve it for the consideration of the President to avoid any future complication, he noted.
Gehlot said, "In the light of the above, I hereby exercising the powers under Articles 200 and 201 of the Constitution of India, reserve The Karnataka Transparency in Public Procurements (Amendment) Bill, 2025 for the consideration and assent of the President of India."
The Governor cited a recent Supreme Court judgment of Saurabh Chaudri versus Union of India (2003), which emphasised that Articles 15 and 16 prohibit reservations on the basis of religion and any affirmative action must be rather based on the socio-economic factors.
The Bill was passed by both houses of Karnataka Legislature amid protests by the opposition BJP on the last day of the previous Legislative session on March 21.
The protesting BJP legislators climbed on Speaker U T Khader's podium, tore the Bill and threw it on him. For this unruly behaviour, 18 BJP MLAs were suspended for six months.
The BJP charged that the Bill was illegal as there is no provision in the Indian Constitution to give reservation based on religion. It also alleged that the Bill smacks of appeasement politics of the ruling Congress.
The party has made this Bill a key issue during its 'Janaakrosha Yatre' (Public anger march), which is going on across the state.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Stock markets take breather after sharp rally, Sensex tanks 1,282 pts as IT shares retreat
Mumbai, May 13 (PTI): Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally.
The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22 with 25 of its constituents closing with losses and five with gains. During the day, it fell sharply by 1,386.21 points or 1.68 per cent to 81,043.69.
The broader Nifty of NSE dropped 346.35 points or 1.39 per cent to 24,578.35.
From the Sensex firms, Infosys declined the most by 3.54 per cent. Power Grid dropped 3.4 per cent, Eternal by 3.38 per cent, HCL Tech by 2.94 per cent, Tata Consultancy Services by 2.88 per cent and Bharti Airtel by 2.74 per cent. IndusInd Bank, HDFC Bank, ICICI Bank, NTPC, Maruti, Tata Motors, and M&M were also among the laggards.
Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.
Profit-taking was evident across the board, with IT, FMCG, and auto sectors emerging as the top losers, Ajit Mishra – SVP, Research, Religare Broking Ltd said.
"The domestic market witnessed profit booking today, following yesterday’s sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Sensex and Nifty logged their best single-day gains in absolute terms on Monday following buying by retail and foreign investors after India and Pakistan reached an understanding to stop military actions and the US and China announced a deal to lower tariffs significantly. The indices raced nearly 4 per cent on Monday on across the board rally.
Broader markets closed with gains on Tuesday with the BSE smallcap gauge jumping 0.99 per cent and midcap index by 0.17 per cent.
Among sectoral indices, BSE Focused IT tanked 2.44 per cent, teck (2.39 per cent), IT (2.21 per cent), utilities (1.35 per cent), power (1 per cent), metal (0.95 per cent) and oil & gas (0.95 per cent).
Healthcare, industrials, capital goods, services and consumer durables were the gainers.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in the positive territory while Hong Kong's Hang Seng ended lower. European markets were trading mostly higher.
US markets ended significantly higher on Monday following easing of trade tensions between China and the US. The Nasdaq Composite surged 4.35 per cent, S&P 500 jumped 3.26 per cent and Dow Jones Industrial Average climbed 2.81 per cent.
Global oil benchmark Brent crude climbed 0.32 per cent to USD 65.17 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,246.48 crore on Monday after a day's breather, according to exchange data.
