India 

Fix accountability within 60 days in bank frauds case, says Congress

Kapil Sibal sought to know why people like Nirav Modi, who were indulging in banking scam, were “allowed to escape the country”. Demanding a thorough probe by the RBI into the alleged ? 11,400-crore PNB fraud, the Congress on Saturday said the prime minister should assure the nation that accountability of the finance ministry, the Reserve Bank of India and the management of defaulting banks would be fixed within 60 days. Senior Congress leader and former Union Minister Kapil Sibal sought to know why people like Nirav Modi, who were…

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India 

“Why Should I React?”: Nirmala Sitharaman On Army Chief’s Comment

Defence Minister Nirmala Sitharaman today steered clear of Army Chief General Bipin Rawat’s comments on the rise of a political party that champions the cause of Muslims in the northeast, saying she would not like to react to it. “I don’t want to react to anything…Somebody said something, somebody talking about….why should I react?” she told journalists on the sidelines of Uttar Pradesh Investors Summit when she was asked to comment on General Rawat’s remarks. In comments that have provoked political reactions, the Army Chief referred to reports of an…

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India 

India to emerge as model for rest of the world: Niti Aayog vice-chief

Our economy needs to take into account unique challenges and opportunities, says Rajiv Kumar Niti Aayog Vice-Chairman Rajiv Kumar on Friday, February 23, 2018, said India will emerge as a model for the rest of the world once it completes economic, political and social transitions. He was addressing the 46th Panjab University Colloquium-cum-3rd Shenmar Memorial Oration here on Friday, according to a release of the Panjab University (PU). The theme was “New India@2022”. The programme was organised in collaboration with the Department of Social Work, PU, the Confederation of Indian…

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India 

3-judge vs 3-judge: Debate in SC intensifies, CJI Dipak Misra asked to step in

With a three-judge bench of the Supreme Court triggering a debate by overturning the ruling of another three-judge bench in a land acquisition case, two separate benches, hearing related matters Thursday, turned to Chief Justice of India Dipak Misra to constitute an “appropriate” or “larger” bench to settle the issue. On Wednesday, the bench of Justices Madan B Lokur, Kurian Joseph and Deepak Gupta virtually stayed operation of a February 8 order by a bench of Justices Arun Mishra, A K Goel and Mohan M Shantanagoudar which ruled that compensation…

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India 

PNB fraud: ED seizes ?94 crore assets, luxury cars of Nirav Modi, Mehul Choksi

The CBI and the ED have registered two FIRs each to probe the case. The Enforcement Directorate (ED) on Thursday said it has frozen mutual funds and shares worth ?7.80 crore belonging to the Nirav Modi group and ?86.72 crore belonging to the Mehul Choksi group in connection with a money laundering probe against them in the ?11,400-crore alleged fraud at Punjab National Bank (PNB). The ED also seized nine high-end luxury cars — Rolls Royce Ghost, Mercedes Benz, Porsche Panamera, Toyota Fortuner, Toyota Innova, two Mercedes Benz variants and…

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