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Translation] Help Restore Confidence of the Investor

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Translation] Help Restore Confidence of the Investor 331 Companies (Amendment) Bill DECEMBER 19, 1996 Mahatma Gandhi Antarrashtriya 332 Hindi Vishwavidyalaya BUI point of view. My learned friends says that FLIs are SHRl P. CHIDAMBARAM : Sir, I beg to move : deserting the market. That is not correct. Fll investment “That the Bill be passed” . in India has already crossed cumulatively $ seven billion. This year alone.. Fils are net purchasers for MR. CHAIRMAN : The question is : S two billion Please read the regressional analysis in “That the Bill be passed". yesterday s Economic Times. If you see the graph which was published yesterday, with regard to gross The motion was adopted. purchases, gross sales and net purchases and the regression analysis with the stock index, you will come to the conclusion that the Fils have done nothing which can be said to be frightening the market. Read the first 16.33 hrs. editorial in today's Economic Times. We can have different points of view and we can reach different MAHATMA GANDHI ANTARRASHTRIYA HINDI conclusions. VIS H WAV IDYAL AY BILL* We have done nothing in this Government which is [English] anti-investor or anti-corporate sector. In fact, every step that we are taking is to restore confidence. I agree with THE MINISTER OF HUMAN RESOURCE you I must do more. I am willing to take suggestions DEVELOPMENT (SHRI S.R. BOMMAI) : Sir, I beg to from you. I am willing to listen to you. I am willing to talk move. ...(Interruptions) to everybody. But we must do everything possible to restore confidence in the capital market. This Bill will [Translation] help restore confidence of the investor. I humbly appeal SHRI SHATRUGHAN PRASAD SINGH (Balia) to the hon. Members to kindly pass this Bill. (Bihar) : Mr. Chairman, Sir, I object to presentation of Thank you. I thank Shri Lodha and Shri Sanat Mehta Hindi Vishwavidyalay Bill in English for participating in the debate. SHRI SHIVRAJ SINGH (Vidisha) : Mr. Chairman, SHRI SOMNATH CHATTERJEE : I would request Sir, this should be presented in Hindi. that you expedite the decisions. [English] SHRI P. CHIDAMBARAM : Yes. MR. CHAIRMAN : There is no point of order in that. SHRI SANAT MEHTA : Sir, this is my difficulty. I Please do not disturb. Let the hon. Minister speak. should have been given more. time. [Translation] MR. CHAIRMAN : You were given seven minutes. SHRl SHIVRAJ SINGH : This should be presented The question is : in Hindi language. Hon. Minister speak in Hindi, please "That the Bill further to amend the Companies MR. CHAIRMAN : While replying to debate on the Act. 1956. as passed by Rajya Sabha. be Bill he will speak in Hindi. taken into consideration" SHRI SHIVRAJ SINGH : Hon. Minister knows Hindi The motion was adopted very well. He can speak in Hindi. Please understand MR CHAIRMAN . The House will now take up my feelings. Thats why I say that if you could table this clause-by-clause consideration of the Bill. Bill in Hindi then it would be far better. The question is : SHRI S.R. BOMMAI : Please, let me move the Bill. I assure you that I will reply to debate in Hindi. ‘That clauses 2 to 10 stand part of the Bill” Sir, I beg to move : The motion was adopted. “That the Bill to establish and incorporate a Clauses 2 to 10 were added to the Bill. teaching university for the promotion and MR. CHAIRMAN : The question is : development of Hindi language and literature, through teaching and research, That clause 1. the enacting Formula and with a view to enabling Hindi to achieve and the Long Title stand Part of the Bill.” greater functional efficiency and recognition The motion was adopted. as a major international language and to Clause 1, the Enacting Formula and Long Title were * Published in the Gazette of India, Extraordinary Part-ll, orlriari to the Bill. Section 2, dated 19.12.96. provide for matters connected therewith or had a dream of Knitting India an one country He wanted incidental thereto, as passed by Rajya that the country should have a language which could Sabha, be taken into consideration". be called the national language. That is why he had an attraction for Hindi. Mahatma Gandhi came from a Sir. there was a demand by the Vishwa Hindu Gujarati speaking State. After coming to Wardha he felt Conference that Hindi should get the international place the need of making Hindi the national language of in the international Universities. We must also know India and unite the sentiment's of the teaming millions that there are a number of countries outside India where This was his dream. That is why he set up the Rashtra- Hindi is spoken, where Indians have gone and settled bhasha Prachar Samity at Wardha in 1936. The great and developed those countries. The purpose of this patriots of the time Subhas Chandra Bose Dr. Raiendra University is that the scholars in Hindi come here and Prasad, Mahatma Gandhi Pandit Jawaharla! Nehru also people from abroad come here so that they do Acharya Kaka Kalelkar were the founding members of research and enrich Hindi language so that it becomes Rashtra Bhasha Prachar Samiti. Gandhi was of the one of the international languages and it gets its due view that. Let the States have their different regional place in the world and also in our own country. languages but at the national level there should be one This Bill has been brought for this purpose. A national language to unite the country into one nation Committee was appointed which has recommended this In persuance of the above ideology, the institution Bill. The Standing Committee has also approved the deplayed thousands of ‘Pracharaks' throughout the Bill. I move this Bill for consideration. I would like the nook and corner of the country. Today the Bill answers hon. Members to express their views. much importance which seeks to establish this university at Wardha. I am not going to dwell upon the points as MR. CHAIRMAN : Motion moved : to what has been the contribution of Hindi speaking “That the Bill to establish and incorporate a people for Hindi, but the credit goes to my State which teaching university for the promotion and made a lot of contribution's for the promotion of Hindi development of Hindi language and despite being a Marathi speaking area. Many a saintly literature, through teaching and research, people of my area aroused national sentiments of with a view to enabling Hindi to achieve people through. Hindi. In the schools of Maharashtra greater functional efficiency and recognition one can find the writings ‘Turn mujhe khoon do. main as a major international language and to tumhe azadi doonga. People in Maharashtra take pride provide for matters connected therewith or in singing this song. Many saints in Maharashtra wrote incidental thereto, as passed by Rajya in Hindi instead of Marathi. A great saint was awarded Sabha, be taken into consideration". the title of Rashtra satguru by none other than the hon President of India Dr Rajendra Prasadji The saint The time allotted for this Bill is two hours. aroused the national feelings among people as that SHRI S.R. BOMMAI : Sir, I beg your permission to time and contributed a numbers of writings His bhajans leave the House. My colleague, the Minister of State in are still sung in Maharashtra with devotion. There may the Department of Education in the Ministry of Human a couple of people in the House who oppose lord Ram. Resource Development will be here to take down the but after the death of the above saint the people of notes. I will be returning after half-an-hour. Maharashtra still sing his bhajans' with great pride MR. CHAIRMAN : Yes. Schche Sevak banenge ham, Ajadi ko payenge. [Translation] Ghar ghar me ajadi banakar SHRI VIJAY ANNAJI MUDE (Wardha) : Mr. Chairman. Ram rajya banayenge. Sir, in my Parliamentary life and after having been The said Satguru Maharaj tried to arouse national elected to Lok Sabha it is the maiden opportunity that feelings in the hearts of people through Hindi. I am making a submission in the House I am thankful THE. MINISTER OF WELFARE (SHRI BALWANT to you for giving me an opportunity. I also thank Shri SINGH RAMOOWALIA) : On our State sant Ramdevji. Bommai that despite belonging to a non Hindi speaking despite being a Marathi wrote in Hindi. His sermans area he is fortunate enough to bring farward a Bill on have been included in the Gurugran’th Sahib. International Hindi University in the House. I am very glad to know that the University will be set up in my SHRI VIJAY ANNAJI MUDE : I was about to made Parliamentary Constituency, Wardha, Wardha is a place a reference to Sant Namdevji. Despite being a Marathi of International importance. It has been the work place speaking person he wrote in Hindi. He had visited of Mahatma Gandhi and Vinoba Bhave. In 1936 Mahatma Punjab - a reference to which has been made in many Gandhi saw a dream of United India. He viewed unity books. He toured the entire Hindi belt and tried to boost in various diversities of languages and dresses. He the importance of Hindi. Not only that in a book of the revered Satguru ji Maharaj Lahar ki Barakha Patrioting this university after the Bill is passed. With these words feelings were aroused in the minds of youths for the I conclude. country's freedom. Addressing the Britishers he said : SHRI G.M. BANATWALLA (Ponnani) : Mr. Chairman. Ab Kaheko dhoom machate ho. Sir, I rise to support this Bill. A few days ago, we passed Sukhavakar Bharat sare, urdu University Bill.
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