London High Court yesterday raised Indian businessman and former Rajya Sabha member Vijay Mallyas weekly living allowance of £5000 (Rs 4.5 lakhs) to £18,325 (Rs 16 lakhs). Mallyas good times still haven’t come to an end despite losing a $90 million (approx. 585 crores) court case against Singapore based BOC aviation.
As per a report in The Times of India, Sarosh Zaiwalla, senior partner at Zaiwalla & Co. LLP London, said, If he is used to a luxury lifestyle then the court will not suddenly make him live on £200 (Rs 17,000) a week. He is entitled to legal expenses on top. The judge considers his style of living to reach a fair result.
The liquor baron, as per India’s Debt Recovery Tribunal (DRT), owes Rs 9853 crores to 13 Indian banks. Mallya, who’s said to be enjoying his high life in the UK, has applied to have the freeze order against his global assets discharged. A hearing will take place at the high court on April 16 and 17.
However, Twitter users didn’t refrain from expressing their views on the platform. Check out some!
Exactly, well said 🙂 #VijayMallya all over again. No checks and balances and no learning from past mistakes.
? SajithkumarS (@jobinindia) February 14, 2018
Vm you cannot run away from your karmas.pennace in old times now jail is the answer #VijayMallya
? tejindersikri (@tejindersikri) February 14, 2018
? ashif shereef (@cellibi) February 14, 2018
I think I have seen God! _/_
How to get paid for fleecing millions is a lesson worth learning. When is his book coming out?#mallya #VijayMallya #kingfisher #goodlife #HAPPYVALENTINESDAY pic.twitter.com/Se2yUg3rMx
? Debayan Biswas (@dabbaspeak) February 14, 2018
Anil Deshmukh granted permission to travel outside Mumbai
Nationalist Congress Party (NCP) leader and former Home Minister of Maharashtra Anil Deshmukh on Monday was granted permission to travel outside Mumbai for four weeks by a special court on Monday. Deshmukh had sought permission to visit his constituency, which is also his hometown, Nagpur.
The application was filed by Deshmukh through his lawyer, Inderpal Singh, stating that he is a native of Nagpur with deep family roots in the city apart from being an elected representative of his constituency.
“The applicant craves a benevolent indulgence of this court to permit him to travel outside Greater Mumbai, including District Nagpur, for a limited duration of about four weeks so as to maintain continuity in his social and family ties and also visit his original and permanent home/constituency,” the plea stated.
The plea further added that “the applicant needs to have due legal consultation with his lawyers in New Delhi for further course of strategy in the present and connected cases.”
Interesting facts you didn’t know about Union Budget | Must Read
Finance Minister Nirmala Sitharaman presented her fifth straight Union Budget when she presented financial statements and tax proposals for fiscal year 2023-24.
Here are some lesser known facts about Union Budget…
The British government presented India’s first ever Union Budget on April 7, 1860.
The first budget of independent India was presented by country’s first Finance Minister RK Shanmukham Chetty on November 26, 1947.
Even though traditionally, the finance ministers present the budget, Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi are the only Prime Ministers to have presented the Union Budget instead of Finance Ministers.
Until 1955, the Union Budget was presented in English. However, the Congress government then decided to print the Budget papers in both Hindi and English.
In 2019, Sitharaman became the second woman to table the budget after Indira Gandhi who presented the budget for the year 1970-71.
Earlier, the government tabled the rail budget separately for 92 years but since 2017, the rail budget was merged with the Union Budget.
Until 1999, the government tabled the Union Budget at 5 pm on the last working day of February as per British era practice but
former Finance Minister Yashwant Sinha changed the timing to 11 am. Years after, late Finance Minister Arun Jaitely changed the budget presentation to February 1.
There’s a customary event called the ‘halwa ceremony’ that is held every year ahead of the Union Budget. It is considered as a gesture of appreciation for all people who have worked on the Union Budget.
To ensure the secrecy of the budget document, a lock-in process is followed – in which all the officials involved
in preparing the Budget come out of Parliament’s North Block only after the Finance Minister has presented the budget.
In 2021, Sitharaman became the first to table paperless Union Budget.
Former Prime Minister Moraraji Desai holds the record of presenting 10 budgets as finance minister, which is the maximum so far.
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