Beyond Headlines

RBI vs. government: Once again!


With jobs on a downward trend, growth in the economy seeing a downfall, the only obvious reason for it seems to be demonetisation. And now it is the reserves of the RBI that the government is eyeing. It was last week that RBI stood its ground and Mr. Urjit Patel clearly stated that the reserves should not be touched. What is the exact story of the recent chain of events with the RBI vs the government? Mr. Sujit Nair, Managing Editor of HW News Network and Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance share their insights on the matter.

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Bombay HC refuses interim stay on Maharashtra legislation on Maratha quota

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Bombay HC

Mumbai | The Bombay High Court on Wednesday refused to order an interim stay on the Maharashtra government’s new legislation providing reservation to Maratha community.

A bench of Chief Justice Naresh Patil and Justice M S Karnik, which was hearing a PIL challenging the legislation, however, agreed to grant a detailed hearing on December 10 to all pending petitions on the issue.

The bench was hearing the Public Interest Litigation (PIL) filed last month by lawyer Gunaratan Sadavarte opposing the Maharashtra government’s decision to provide 16 per cent reservation in government jobs and educational institutions to the Maratha community in the state.

The PIL claimed the new law was in violation of the Supreme Court’s previous orders mandating that caste and community-based reservation in states should not exceed 50 per cent. The state’s counsel V A Thorat opposed Sadavarte’s plea and told the bench that the petitioner could not seek a stay on the state legislation through a PIL.

Advocate Thorat also argued that most of the pending petitions in the high court opposed the Maratha quota on the basis of the 2014 Act that provided for reservation to those belonging to socially backward communities in the state. But, the 2014 Act now stood repealed and the state legislature had recently ratified the new Maratha Reservation Act to cover the issue of quota for the community. “The new legislation takes care of all legal grievances that existed in the 2014 Act,” Thorat told the HC.

At this, the bench decided to tag together all the pending petitions on the issue of Maratha reservation and hear them together on the next date. Maharashtra Governor C Vidyasagar Rao had last week approved and signed the Maratha Reservation Bill after the state Assembly unanimously passed it.

The State Backward Class Commission had last month submitted a report to the government recommending reservation in government jobs and educational institutes to members of the Maratha community.

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