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However, the fact is that the risk is no more or no less than it ever was. The Deposit Insurance and Credit Guarantee Corporation provides deposit insurance of up to Rs. 1 lakh. The rest is forfeited in the event of a bank failure. The FRDI Bill has not specified the insured amount yet, but it is unlikely to be lower than that amount, as the limit was set way back in 1993. U.P. plans law against organised crime The Yogi Adityanath government gave its nod to a new law against organised crime in Uttar Pradesh along the lines of the stringent Maharashtra Control of Organised Crime Act (MCOCA). At a meeting presided by the Chief Minister, the State cabinet approved the Uttar Pradesh Control of Organised Crime Act (UPCOCA), 2017. The BJP government is expected to introduce the proposed legislation in the Winter Session of the State Assembly . The government said the UPCOCA was brought to check and curb acts of oganised crime and mafia, including land grabs, illegal mining, sale of illegal medicine and illicit liquor, wildlife smuggling, extortion, abduction syndicates as well as white-collared criminals . A similar law was passed by the Uttar Pradesh government in 2007-08 when Mayawati was in power but it had to be withdrawn after then President Pratibha Patil refused to give it assent. Under the UPCOCA, the State would be e mpowered to seize the property of those implicated by the law during the period of investigation and properties acquired by people through illegal activities and organised crime would also be seized. State security would also be withdrawn from persons booked under the the law. Special courts would be set up for the trial of cases under UPCOCA for speedy conclusion . The government is introducing the UPCOCA when it already has a stringent law to check crime syndicates, the Gangsters Act . However, the UPCOCA would have 28 provisions in addition to the Gangsters Act.
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CURRENT AFFAIRS DECEMBER 2017 34 | Page 9004078746 [email protected] Cabinet nod for Bill making instant triple talaq a crime The Union Cabinet approved a Bill that makes instant triple talaq, or talaq-e-biddat , a criminal offence . The proposed Muslim Women Protection of Rights on Marriage Bill will deal with complaints against instant triple talaq across the country, except Jammu and Kashmir . Under the Bill, a Muslim man resorting to instant talaq can be jailed for up to three years. The government intends to introduce the Bill in the winter session of Parliament. All India Majlis-e-Ittehadul Muslimeen leader and Lok Sabha MP Asaduddin Owaisi however opposed the Bill , shooting off a seven-page letter to Law Minister Ravi Shankar Prasad. “It must be noted that the legal effect of Shamim Ara and Shayara Bano cases is that the issuance of ‘talaq’ unilaterally and in one sitting is bad in law, and therefore is of no legal value. Therefore, legally, at best, the issuance of such triple talaq can be considered as abandonment under
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