Jaitley: Bofors, a serious reflection of probe agencies

April 27, 2012

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New Delhi, April 27: Leader of Opposition in the Rajya Sabha Arun Jaitley on Thursday said that the fact that culprits could not be brought to book in the Bofors gun deal was a serious reflection on the health of the investigating agencies.

“Somebody swung the deal, somebody got kickbacks. Money was traced, accounts were traced, you don't need further evidence and the man was allowed to leave the country. How was the man [Italian businessman Ottavio Quattrocchi] so powerful that the Indian State looks helpless?” he said.

‘Pakistan better'

In his Zero Hour intervention following two adjournments during the Question Hour, Mr. Jaitley questioned the helplessness of the investigating agencies and said: “See what is happening in our neighbouring country [Pakistan] in pursuit of truth and how helpless we look.”

He emphasised that middlemen must be eliminated and probity ensured in public life.

Communist Party of India (Marxist) leader Sitaram Yechury said the Bofors issue that had “plagued” the country for 25 years was a “serious matter.” “If there is anything new, it must be investigated and government must make it public,” he said.

As several leader members sought permission to intervene, presiding officer P.J. Kurien disallowed them saying it was not a debate.

Samajwadi Party leader Mohan Singh said this was an important matter and the economic offender must be extradited and punished.

As Mani Shankar Aiyar rose to speak on behalf of the Treasury Benches, Opposition members questioned why he was being allowed when only leaders of parties in the House had been permitted to raise the matter. Naresh Agrawal (SP) said this amounted to partiality and demanded that everybody be given the opportunity to speak.

Noting that Mr. Jaitley had bemoaned the fact that unsuccessful efforts were being made to unearth the truth, Mr. Aiyar said: “We could not unearth the truth because of distortions and historic inaccuracies.”

Mr. Aiyar pointed out that no progress was made in the case from December 1989 to November 1990 (during V.P. Singh government as well as the National Democratic Alliance rule later). Mr. Jaitley intervened to counter this.

Though Mr. Jaitley had not named anyone, Mr. Aiyar said he had made serious allegations that needed to be replied to. On being asked by Bharatiya Janata Party members to name the individual, Mr. Aiyar said he had no problem in saying that Bofors incident took place during the period when Rajiv Gandhi was the Prime Minister.

This was followed by heated exchanges between the treasury and Opposition members, including the All India Anna Dravida Munnetra Kazhagam.

Nothing could be heard in the din and after several minutes of persuading Mr Aiyar to stay brief in his observations, Mr. Kurien adjourned the House.

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Agencies
July 30,2020

Chennai, Jul 30: Tamil Nadu government on Thursday extended the Covid-19 lockdown till August 31, giving only a few relaxations like allowing delivery of non-essential goods by e-commerce sites. The ban on public transport has been extended till August 31, while availing of e-pass for inter-district and inter-state travel will continue to be in force.

In a detailed statement, Chief Minister Edappadi K Palaniswami announced a “complete lockdown” during which only essential services would continue to be in force on all Sundays during the month of August across the state.  

In Chennai, restaurants will be allowed to open dine-in facilities at 50 percent of its total capacity from 6 am to 7 pm from August 1, while vegetable shops, grocery outlets and standalone commercial establishments will also be allowed to remain open from 6 am to 7 pm.

E-commerce sites have been allowed to begin delivery of non-essential goods from August 1, while the ban on public transport, temples in urban areas and towns, cinema halls, shopping malls, and gyms would continue till August 31.

It also said companies or factories in Chennai that have been allowed to function with 50 percent of staff can increase their strength to 75 percent from August 1.

COVID-19 Pandemic Tracker: 15 countries with the highest number of coronavirus cases, deaths

The government also asked companies to encourage its employees to work from home and advised commercial establishments to follow the Standard Operating Procedure (SOP) as advised by it. Inter-state or inter-district travel will be allowed only with e-pass, while ban on metro and suburban trains continues.

The decision to extend the lockdown till August 31 comes as Tamil Nadu continues to grapple with an increasing number of coronavirus cases. The prevalence of the virus is no more limited to one city or region of the state with almost all districts reporting fresh cases, some of them over 200 new patients, every day.

On Thursday morning, Tamil Nadu’s Covid-19 tally was 2,34,114 including 1,72,883 discharges and 3,741 deaths. The active cases stood at 57,490.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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News Network
May 11,2020

New Delhi, May 11: Shares of Indian Railway Catering And Tourism Corporation (IRCTC) jumped 5 per cent in early trade on Monday after the Indian Railways said it will gradually resume passenger train services from May 12.

The company's shares gained 5 per cent to Rs 1,302.85 -- its highest trading permissible limit for the day -- on the BSE. At the National Stock Exchange (NSE), it rose 5 per cent to Rs 1,303.55 -- its upper circuit limit.

Booking for reservation in these trains will start at 4pm on May 11 and will be available only on the IRCTC website.

The Indian Railways will gradually resume passenger train services from May 12 and will ask passengers to arrive at the station at least an hour before departure, the national transporter said on Sunday.

Initially, the all air-conditioned services will begin on 15 Rajdhani routes and the fare would be equivalent to that of the super-fast train, it said.

The special trains will run from New Delhi to Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.

All passenger services were suspended due to a lockdown announced on March 25 and the railways later started the on-demand Shramik Specials to ferry migrants stranded across the country. It, however, has been running freight and parcel services.

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