Fight between 2 top CBI officers exposed agency to ridicule, Centre tells SC

Agencies
December 5, 2018

New Delhi, Dec 5: The Centre Wednesday told the Supreme Court that the fight between two top officers of the CBI -- Director Alok Verma and Special Director Rakesh Asthana -- in public exposed the premier probe agency to ridicule.

Attorney General K K Venugopal told a bench headed by Chief Justice Ranjan Gogoi that the fight between the two officers impacted the image of the CBI.

The Centre's main aim was to see that confidence of the public in this premier institution is restored, he said.

"Dispute between CBI Director and Special Director was pulling down integrity and respect of premier institution," he told the bench, also comprising Justices S K Kaul and K M Joseph.

"Two top officers, Alok Kumar Verma and Rakesh Asthana, were fighting against each other and went public which exposed CBI to ridicule," Venugopal told the bench.

He said the fight between them had created an unprecedented and extraordinary situation and the Government of India was watching with "amazement" as to what these two officers were doing.

"They were fighting like Kilkenny cats," Venugopal said, adding that it was absolutely essential for the Centre to step in and act in the tussle between two officers.

He also submitted that the Centre acted within its jurisdiction on complaints made in July and October this year.

"If the government had not done so, only God knows where and how this fight between the two top officers would have ended," Venugopal told the bench.

The Attorney General concluded his arguments and now Solicitor General Tushar Mehta, appearing for the Central Vigilance Commission (CVC), has started making the submissions.

The Centre had perused the report of the CVC, which on Asthana's complaint against Verma had made some recommendations. After that the two officers were sent on leave.

Later, the apex court had directed the CVC to probe the complaint against Verma. The report was submitted to the court in a sealed cover.

After a brief submission by Mehta, the apex court concluded the day's hearing and posted the matter for further arguments for Thursday.

The apex court on Nov 29 had said it would first consider whether the government has the power to divest the CBI director of his duties under whatever circumstances or whether the selection committee headed by the Prime Minister should have been approached before moving against Verma on corruption allegations against him.

The court had taken this stand after making it clear that for now it was not going into the allegations and counter-allegations involving Verma and CBI's No.2 officer Asthana, both of whom have been stripped of their powers and sent on leave following their bitter feud.

Verma's two-year tenure ends on January 31. He has challenged the Centre's decision.

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Agencies
July 15,2020

Mumbai, Jul 15: In a mega investment announcement, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday said that Google will invest ₹ 33,737 crore in Jio Platforms for an equity stake of 7.73%.

Google is investing at an equity valuation of ₹ 4.36 lakh crore, said an RIL regulatory filing.

"Jio Platforms Limited, a subsidiary of the Company, today signed binding agreements with Google International LLC pursuant to which Google would invest ₹ 33,737 crore for a 7.73 % equity stake in Jio Platforms Limited on a fully-diluted basis. Google is investing at an equity valuation of ₹ 4.36 lakh crore," it said.

The transaction is subject to customary regulatory approvals.

Speaking at the Annual General Meeting of RIL, Ambani said that he looks forward to working with investors in Jio Platforms in a collaborative way.

Making another major announcement, the RIL Chairman said that Jio has designed a complete 5G solution and it will be available for trials as soon as spectrum is available.

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News Network
May 22,2020

New Delhi, May 22: India on Friday recorded its biggest spike in COVID-19 cases with 6,088 new cases and 148 deaths reported in the last 24 hours, taking the tally of coronavirus cases in the country to 1,18,447, as per the Union Ministry of Health and Family Welfare (MoHFW).

Out of the total cases, 66,330 are active cases and 3,583 have succumbed to the infection.

As many as 48,533 patients have been cured/discharged and one migrated till date.

Maharashtra continues to remain the worst-affected state with 41,642 cases, followed by Tamil Nadu (13,967 cases), Gujarat (12,905 cases), and Delhi (11,659 cases).

While Rajasthan has confirmed 6,227 cases of which 3,485 people have recovered while 151 patients are dead, Madhya Pradesh reported 5,981 cases including 2,843 patients recovered and 270 patients dead.

Uttar Pradesh has 5,515 COVID-19 positive cases.

In Kerala, which reported the first COVID-19 case, 690 people have been detected positive for coronavirus.

Ladakh has confirmed 44 coronavirus cases, 1,449 people have infected by the virus in Jammu and Kashmir.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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