Plan and Policy

Plan & Policy

CBI moves SC against HC bail to Karthi

The central bureau of investigation (CBI) on Monday moved the Supreme Court challenging a Delhi High Court order granting bail to Karthi Chidambaram, son of senior Congress leader and former finance minister P Chidam­baram, in the INX Media case.

The agancy has claimed in its appeal that it was “impermissible in law” for the high court to entertain Kar­thi’s bail pl­ea when an application seeking a similar relief was pending before the trial court.

Process for more borrowing by states simplified

The finance ministry on Monday said it has simplified the process for additional borrowing by state governments following discussions during the 4th meeting of the Niti Aayog governing council earlier this month.

At a meeting, hea­ded by prime minister Nar­endra Mo­di, some states had pointed out that the permission accorded by the department of expenditure, ministry of finance, is delayed due to bunching of proposals received from different states at different intervals into one consolidated approval.

Monsoon gathers momentum, to reach more areas in 48 hrs

Monsoon rains, vital for the Indian economy, irrigating over 70 per cent of farmland with no irrigation facilities, on Monday advanced into some parts of Odisha, most parts of West Bengal and some parts of Bihar and Jharkhand.

PolicyBazaar joins list of unicorn startups

PolicyBazaar, the largest online platform in the insurance space, has entered the list of unicorn tech startups with the latest round of $200 million funding led by SoftBank.

Opec output hike positive for India, says Pradhan

India, the world’s third-biggest oil consumer, on Monday expressed happiness at Opec decision to raise production by 1 million barrels per day, saying the oil cartel has taken cognizance of the market and the move is a positive sign for consuming countries like India.

DRI serves warrant to Nirav via email

Revenue intelligence age­ncy DRI has served an arrest warrant via email to absconding diamantaire Nirav Modi in a case of alleged customs duty evasion, officials said on Sunday.

A court in Surat in Gujarat issued the warrant after he failed to appear before it in connection with the case, they said. DRI had in March launched prosecution again­st Nirav and 3 of his firms – Firestar International, Fires­tar Diamond International and Radashir Jewellery – based in SEZ, Surat, for allegedly diverting duty-free imported goods for purposes other than specified in the rules, they said.

Over 250 ultras waiting at launch pads across LoC: Army

“About 250-275 militants are active in Kashmir valley,” General-Officer Commanding of Srinagar-based Chinar Corps (15 Corps), Lt Gen AK Bhatt told reporters in Baramulla in north Kashmir. “In the 15 Corps’ zone (across the LoC), about 250-270 in groups of 25-30 are at different launch pads, he said. “Compared to south Kashmir, there is less number of militants in north and the situation is also better in north Kashmir for which I thank the people, especially the youth, here,” he said.

Fugitive diamantaire stayed in Mayfair area of London

Indian billionaire Nirav Modi was living in a flat just above his jewellery store in the posh Mayfair area of London while he was being hunted in India for an alleged money laundering case linked to over $2 billion, according to a media report on Sunday. The 47-year-old diamantaire was able to travel in and out of Britain at least four times since the Indian authorities canceled his passport in February.

LeT commander among 2 killed in encounter, one surrenders

Ahead of the annual Amarnath pilgrimage, two Lashkar-e-Taiba terrorists, including its self-styled divisional commander Shakoor Ahmed Dar, were killed in an encounter with security forces, while another militant surrendered, in Kulgam district of south Kashmir on Sunday.

The police said that a tip-off had been received about the presence of some militants in the Chedar Ban area of Qaimoh in Kulgam district, after which a joint team of the Jammu and Kashmir Police, the Army and the CRPF, cordoned off the suspect house in the afternoon.

34 in race for MD posts in PSBs, interviews from June 28

After completing the selection of executive directors, the banks board bureau (BBB) will next week begin the process for identifying suitable candidates for the post of managing directors in nearly a dozen state-owned banks. This is the first time in so many years that deputy managing directors of the country’s largest lender State Bank of India (SBI) will appear for interview for the post of managing directors of the nationalised bank.