Friday, December 24, 1999 |
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Bill on SCs introduced NEW DELHI, Dec 23 (UNI) The government today introduced in the Rajya Sabha the Constitution (Eightyeighth Amendment) Bill, 1999, to restore for the scheduled castes and scheduled tribes relaxation of qualifying marks and standards of evaluation in matters of reservation. The bill was introduced by Minister of State for Personnel and Training Vasundhraraje. SC outlaws riba ISLAMABAD, Dec 23 (Reuters) The Pakistans Supreme Court today declared riba, or interest, as un-Islamic and said the country must introduce an interest-free economic system by the year 2001. A four-Judge Bench issued the ruling during a sitting in Lahore. Local bankers and foreign creditors have in the past expressed fears that such a ruling, if enforced by the new military government, could cause a collapse of the banking system and loss of foreign credit to indebted Pakistan. |
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