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Libya’s new rulers lay a roadmap for polls
London Riots |
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35 Indian firms on Forbes list
Number of Indian millionaires to double by 2015
China rejects Pentagon report on nuke deployment
Xinjiang
Violence
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Libya’s new rulers lay a roadmap for polls
Benghazi, August 31 The NTC’s Constitution Declaration for governing during the transitional period sets out the main guidelines for the way the country is to be overseen as it emerges from six months of war. General provisions
Libya is a democratic, independent state with Tripoli its capital, Islam its religion, sharia, Islamic law as the main source of legislation and Arabic as its official language. The rights of minority groups are guaranteed. The state will establish a democratic political system based on political and party pluralism aiming for a peaceful, democratic transition of power. All Libyans are equal before the law and are not discriminated against because of religion, faith, language, wealth, gender, ancestry, political views, social status or tribal, group or family affiliation. Governance during transitional period
The NTC is the highest authority. It is made up of representatives of local councils who are chosen to reflect population density. The NTC will be based in Tripoli and will appoint an Executive Office, or interim government, consisting of a head and members to run specific portfolios. The Executive Office is responsible to the NTC for implementing NTC policy. After “declaring liberation”, the NTC will move to its headquarters in Tripoli and form a transitional government within 30 days. Within 90 days of declaring liberation, the NTC will issue legislation about the election of a Public National Conference (PNC), appoint an elections commission and call for the election of the PNC. The PNC will be elected within 240 days of the declaration of liberation. It will consist of 200 elected members. The NTC will be dissolved at the first meeting of the PNC. Within 30 days of its first meeting, the PNC will appoint a PM who will nominate his government which will become an interim government. New constitution
The PNC will appoint a Constituent Authority for drafting a constitution which should submit a draft constitution to the PNC within 60 days of its first meeting. The PNC will approve the draft constitution and will put it to a referendum within 30 days. If it is approved by a two-thirds majority, the Constituent Authority will endorse it as the constitution, and it will be ratified by the PNC. If it is rejected, the Constituent Authority will have to re-draft it and put it to a referendum again within 30 days. General elections
The PNC will issue a general elections law in line with the constitution within 30 days and a general election will be held within 180 days of the declaration of the laws.
— Reuters
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London Riots
London, August 31 The boy, who cannot be named for legal reasons, stole a waste bin from Debenhams in Romford, Essex, on August 8 after the windows of the store were smashed by looters. He is the youngest rioter in London to face prosecution, according to Scotland Yard. He committed the offence just five days after being given a referral order for arson and criminal damage in an unrelated incident, the BBC reported. Passing sentence, district judge John Woollard said: “You seem to think that nobody can stop the way you behave.” The Deputy Prime Minister Nick Clegg, refused to be drawn on the case during a visit to Tottenham, saying “the worst thing would be if politicians are second guessing the judges”, but added “if you break the laws... you’ve got to face the consequences”. The boy, from Romford in Essex, took the waste bin, which was worth £50, after a group of males smashed windows at the store, causing £6,000 of damage. The boy was told that his local authority will dictate where he lives for the next six months. The police has arrested a total of 2,124 people over the unrest in London and 1,221 people have been charged so far.
— PTI
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Eleven killed in Quetta blast
Islamabad, August 31 The bomber drove a car laden with about 40 kg of explosives intending to hit a Shia mosque at prayers time, but finding the place heavily guarded, detonated the bomb in a nearby parking lot. At the time of the blast, people were returning home after Eid prayers. The explosion was so powerful that it destroyed 10 cars and several nearby houses, Capital City Police Officer Quetta (CCPO) Ahsan Mahboob said adding it was a suicide attack. While the death toll is 11 at present, authorities fear a rise in the number of casualties and have declared an emergency at the Civil Hospital after the incident. “Remains of a badly mutilated body were found in the debris of the bomber’s car,” police said. They said the man was not wearing explosives on his body but had planted them in the car and detonated it when he could not go beyond the parking lot. Television footage showed thick black smoke rising from the area as people ran helter-skelter. There was no immediate of claim of responsibility for the attack but Quetta houses a large number of Taliban cadres who are known for their anti-shiite stance. The Shiite community of Quetta has announced that it will observe seven days of mourning to condemn the attack. Members of the Shiite community also gathered and staged a protest at the site of the blast where they chanted slogans against the government. — PTI
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35 Indian firms on Forbes list
Singapore, August 31 Among the Indian companies that made the grade are SRF, which manufactures chemical-based industrial intermediates; Polyplex, which makes polyester film; and Glodyne Technoserve, an IT services company, Forbes Asia said today. However, India]s largest storage-battery producer, Exide Industries- which was present in the list last year - grew too big to be included in the 200-company list for 2011, having breached the $1 billion sales mark in the past 12 months. The Asia-Pacific list ranks public companies in the Asia-Pacific region with annual revenues between $5 million and $1 billion. The companies were also evaluated in terms of return on equity, said Forbes Asia. Tim Ferguson, the Editor of Forbes Asia, said: "Essentially, these are our picks of the companies that have best managed through the economic volatility that began in 2008. Most navigated the global credit crunch with little to no debt on their balance sheets. On average, the companies on the list have a 13 per cent debt-to-equity ratio and 67 of these companies carry no debt at all.” Pakistan has two companies on the list. Sri Lanka has four companies on the list.
— PTI
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Number of Indian millionaires to double by 2015
Hong Kong, August 31 The Swiss wealth manager forecast that the wealth of high networth individuals (HNIs), those with $1 million or more in investable assets, would nearly triple to $15.8 trillion in the five years to 2015.
— Reuters
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China rejects Pentagon report on nuke deployment
Beijing, August 31 "Such comments are unfounded. Both China and India have always been committed to developing strategic cooperative partnership for peace and prosperity", a Chinese Foreign Ministry spokesperson said in a statement to PTI here. "For many years, through the joint efforts made by two sides, China and India border areas have maintained peace and tranquility on the whole," the spokesperson said when asked to comment on the Pentagon's report. The Pentagon report, titled 'Military and Security Developments Involving the People's Republic of China' had said China has deployed more advanced and survivable solid-fuel nuclear capable CSS-5 MRBM missiles against India as a 'deterrent posture'. "Such comments are contrary to the fact and have been made with ulterior motives", the brief communication said without elaborating.
— PTI
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Xinjiang
Violence Beijing, August 31 Zardari, who is currently visiting Urmuqi, the capital of China's troubled northwest Xinjiang province as part of a three-day visit to the country, the seventh official tour in the past three years, also offered Pakistan's territory and ports to boost bilateral trade and linkages with Central Asia and proposed strategic maritime collaboration with Beijing. After holding talks with top officials of the Xinjiang provincial administration, he promised full cooperation to crackdown on the militants of the East Turkistan Islamic Movement (ETIM), whom China alleged were being trained in Pakistan terror camps for carrying out attacks in the province. During his meeting with the political leaders of Xinjiang Uyghur Autonomous Region led by Zhang Chunxian, the Secretary of the ruling Communist Party of China (CPC) Xinjiang, Zardari assured Beijing his country's fullest cooperation in defeating the evils of extremism, terrorism and secessionism, Pakistan's state-run APP news agency reported. He also held talks with Chinese Vice Premier Li Keqiang. — PTI
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Rebels proclaim ‘right’ to kill Col Offer on foreign troops rejected UN nod for $1.6 bn aid for Libya Gaddafi son Saadi ‘wants to surrender’ 
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