Explain Inclusion Of ‘Undeserving’ Individuals In Assam National Register Of Citizens: Gauhati High Court Directs NRC Coordinator [Read Order]

first_imgNews UpdatesExplain Inclusion Of ‘Undeserving’ Individuals In Assam National Register Of Citizens: Gauhati High Court Directs NRC Coordinator [Read Order] Akshita Saxena28 Oct 2020 10:47 PMShare This – xIn a recent verdict, the Gauhati High Court asked the coordinator of National Register of Citizens (NRC) to explain how the name of the Petitioner got included in the Register despite the fact that at the relevant point of time, proceedings against her were continuing. “Let the Assam State Coordinator, NRC file a comprehensive affidavit and bring on record the situations along…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a recent verdict, the Gauhati High Court asked the coordinator of National Register of Citizens (NRC) to explain how the name of the Petitioner got included in the Register despite the fact that at the relevant point of time, proceedings against her were continuing. “Let the Assam State Coordinator, NRC file a comprehensive affidavit and bring on record the situations along with necessary particulars, whereby inroads into the National Register of Citizens may have been created by individuals who are undeserving and not legally entitled to be included in the National Register of Citizens,” a Bench comprising of Justice Manojit Bhuyan and Justice Soumitra Saikia said. The order was passed in writ proceedings initiated by a resident of Nalbari District, Rahima Begam, against an order of the Foreigners’ Tribunal, declaring her as a foreigner of post 1971 stream. The Court observed that the Petitioner’s name appeared in the NRC even when proceedings against her had been initiated and continued on the basis of reference made by the Superintendent of Police (Border), Nalbari. “Such insertion of name is against the law,” the Bench firmly remarked. It proceeded to observe that this is an issue of great importance and it is not a solitary instance, inasmuch as, in a number of cases the Court has noticed and recorded similar issues appearing. The coordinator was directed to file the affidavit within 3 weeks on October 19.The final list of Assam NRC was published on August 31, 2019, following the directions of the Supreme Court, excluding over 19 lakh persons (19,06,657) out of 3.3 crore applicants.The NRC process has its origins in the 1985 Assam Accord entered into between the Rajeev Gandhi-led Union Government with the leaders of Assam, following massive agitation by Assam Students Union for six years demanding deportation of illegal immigrants from Bangladesh. March 25, 1971 – the day when Bangladesh war started – was set as the cut-off date for determining citizenship. All those who came to Assam after that date were to be regarded as an illegal migrant.The Accord was given statutory recognition by Section 6A inserted into the Citizenship Act 1955 through amendment carried out in 1985. To be included in the NRC, one has to establish that he had been residing in Assam even before the cut off date, or has to trace his legacy to ancestors who had been staying in Assam before such date. This has to be established through ‘legacy documents’, i.e a list of government approved documents.The process had been lying dormant for nearly three decades. The necessary rules for updation of Assam NRC were framed only in 2003. It gathered steam after 2014, when a bench of Justice Gogoi (as he was then) and Nariman ordered the expedition of process in a PIL filed by NGO Assam Public Works in 2009.Since then, the process was being monitored by this bench of the Supreme Court.The first draft list was published in December 2017, which was followed by a second draft published on July 31, 2018.Case Title: Rahima Begam v. Union of India & Ors. Click Here To Download Order Read Order Next Storylast_img read more

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Ways to lower your loan-to-share ratio without scaling back on lending

first_imgAccording to recent data, roughly 1000 credit unions and 2000 banks have a loan-to-share ratio of 90% or higher.Due to multiple market factors, many members are pulling their money out of traditional accounts in favor of investment alternatives that offer greater return.ii This decrease in deposit funds plus the steady demand for loans has led to a significant increase in the average loan-to-share ratio of credit unions. Rather than scaling back on lending or borrowing from higher-cost alternative funding sources, consider adopting the following strategies to increase deposit activity, decrease your loan-to-share ratio, and differentiate your business from other financial institutions.  1. Enlist competitive programs to fuel deposit growthMany financial institutions are not currently offering retail deposit options to their consumers.iii but these programs are worth considering. Commercial deposits, CDs, and other retail deposit programs can help your credit union to pull in members seeking these account types, while also building new streams of revenue. Get the most traction out of these programs by adjusting terms & rates to fit the needs of your members.Offering reward-based checking programs is also a great way to generate account activity and bring in new funds from new and existing members. 2. Generate new business with digital strategiesAdopting digitally-optimized technology tools can help build deposit activity with new and existing account holders, by simplifying access to your services. Digital lending, online banking, and mobile apps are all great ways to drive business across all consumer demographics, Millennials and Gen Z in particular.At the same time, leveraging digital marketing tools like personalized emails, SEO, and targeted advertising can help you to outshine other businesses competing for attention.3. Strengthen relationships with a data-driven service approachLeverage data to target and personalize communications, and strengthen relationships with depositors. Data insights can provide a holistic view of your members’ actions and behaviors, so you can deliver more accurate service interactions and product recommendations. What’s more, data insights can also help you identify the members in your loan profile that offer the most growth (or risk) potential, which – when acted on – can have a significant impact on your entire portfolio.Adopting these deposit growth strategies is sure to be win-win for both your credit union and members. Taking this approach will likely keep your business from needing to revert to less desirable practices for repairing loan-to-share, like pulling back on lending, while also offering a valued service to members.Allied Solutions not only wants our clients to survive, we want them to thrive – and a deposit growth strategy should be a key component of any credit union’s lending strategy. Click here to visit our contact page or reach out to your Allied Solutions sales representative to learn about our deposit and loan growth solutions. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jarrett Settles Jarrett brings expertise in Technology-Driven Loan and Deposit Growth Strategies, Digital Transformation, and Data Strategy for Financial Institutions.Consumer lending/deposit, UX / Digital Efficiency, Fintech/Insurtech/innovation, Generational divides in … Web: www.alliedsolutions.net Detailslast_img read more

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