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China launches campaign against underground banks

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Beijing: Chinese police have launched a nationwide campaign against underground banks to maintain order in the financial and capital market, the police said on Monday. Meng Qingfeng, vice minister of the public security, urged the police to fully understand the harm of underground banks to the national economic security and the order of the financial market, Xinhua reported.

CHINA_UNDERGROUND_BANKING_44892805A similar campaign was launched in April by the Ministry of Public Security (MPS), the central bank and the State Administration of Foreign Exchanges to stop transfers of illicit money through offshore companies and underground banks. The campaign uncovered several major cases involving more than $67.2 billion, Meng said.

Meng said underground banks are still rampant and becoming a channel for other crimes to transfer illicit assets. They have also disturbed the financial and capital market. Meng urged police around the country to better coordinate with the central bank and the foreign exchanges regulator in the campaign, which will run from now to the end of November.

(IANS)

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Ministry of Public Security announces Jail remission for nearly 25,000 prisoners in Vietnam

Ministry of Public Security has proposed remission of sentence for 11 inmates from life to 20-year jail and 117 from life sentence to 30-year in prison

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At the United Nations' prisoner-of-war camp at Pusan, prisoners are assembled in one of the camp compounds. The camp contains both North Korean and Chinese Communist prisoners. April 1951. Gahn, State Dept. (USIA) Representational Image. Image source: Wikimedia Commons

Vietnam, September 1, 2016: As many as 24,826 prisoners across Vietnam shall benefit from the remission of sentence ordered ahead of the country’s 71st National Day on September 2, it was announced on Thursday.

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As per the list of prisoners set to benefit from the measure, the Ministry of Public Security has proposed remission of sentence for 11 inmates from life to 20-year jail and 117 from life sentence to 30-year in prison, Xinhua news agency cited the state-run news agency VNA as having reported.

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Nguyen Ngoc Bang, head of the ministry’s General Department of Police for Enforcement of Criminal Sentences and Judicial Assistance, said the beneficiary prisoners would be granted reduced term of imprisonment. (IANS)

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After AAP govt, centre mulls 100 per cent pay hike for MPs

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New Delhi: Even as disruptions shadowed the winter session of parliament, lawmakers are looking ahead with a 100 per cent salary hike which may come in the next budget, government sources said on Thursday.

A joint committee of the Lok Sabha and the Rajya Sabha has prepared a report recommending the salary of parliamentarians be hiked from the present Rs.50,000 to Rs.1 lakh, constituency allowance from Rs.45,000 to Rs.90,000 and secretarial assistance plus office allowance from Rs.45,000 to Rs.90,000.

This comes as the winter session saw the Rajya Sabha work for only 46 percent of its time while the Lok Sabha managed to reach the 100 per cent mark.

The panel, headed by BJP Lok Sabha member Yogi Adityanath, also recommended around 75 per cent raise in pensions and an automatic mechanism for the salary hike for parliamentarians.

Highly-placed government sources told IANS that the proposal was under consideration of the finance ministry, but any changes will only come when the next budget is tabled.

“The finance ministry is considering the recommendations, but the hike will come only with the budget,” a union minister said.

The report has not been tabled in parliament.

A think tank member, who was one of the witnesses in a similar committee, said it was not necessary that the report will be made public.

The issue was raised in the Rajya Sabha during the winter session by Samajwadi Party member Naresh Agrawal who said the salary of parliamentarians must be Re.1 more than that of the cabinet secretary.

The 7th Pay Commission recommended Rs.2.5 lakh salary for a cabinet secretary-rank officer.

The joint panel, meanwhile, has also suggested that the health benefits the lawmakers avail of via the central government health scheme should be extended to their children and grandchildren as well.

Informed sources said some parliamentarians submitted to the panel that while they were given a first class ticket to travel by train, their companions, even if it is the spouse, can travel only second class. The panel has advocated first class ticket for companions.

The panel has also suggested first class train ticket for ex-MPs and spouses.

The recommendations of any parliamentary panel are, however, not mandatory for the government.(IANS)

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STRANGE: Congress has 52 spokespersons to talk on behalf of just 44 MPs

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By Newsgram Staff Writer

A move by Congress to place itself in a better way than it has been since the Lok Sabha elections last year might do it more harm than good.

In a desperate attempt to regain its lost glory, Congress party today announced the appointment of 52 new spokespersons. The move could have been considered practical if the party had a higher representation in the Parliament. But 52 spokespersons talking on the behalf of just 44 MPs seem a bit of a stretch.

The new members of the communication team of the Congress include actress Khushboo, a former DMK politician, Gaurav Gogoi and Sushmita Deb. Former minister CP Joshi, along with Ajay Maken,  Satyabrat Chaturvedi and Shakeel Ahmed have been anointed as the senior spokespersons.

In total, 17 new spokespersons, 31 media panelists and two media coordinators have been added to the ailing old man of the Parliament.