DA case: CBI continues grilling Jagan for third day

May 27, 2012

jagan

Hyderabad, May 27: Kadapa MP Y S Jaganmohan Reddy today appeared before the CBI here amid heavy security for the third consecutive day today for his questioning in the alleged disproportionate assets case registered against him.

Jagan's financial advisor Vijay Sai Reddy (another accused in the case) also accompanied him to the Dilkusha guest house.

The Kadapa MP is being grilled by the CBI since May 25 over the VANPIC project and for allegedly getting investments of several crores into his businesses from various firms and investors on quid pro quo arrangements, when his father late Y S Rajasekhara Reddy was the chief minister of Andhra Pradesh.

The YSR Congress chief, who was questioned for over eight and seven hours in the last two days, had yesterday said he had replied to clarifications sought by the CBI and has been asked to come again before the investigating agency on Sunday, after it sought further clarifications.

Jagan is likely to appear before a CBI court here in Nampally tomorrow after the court summoned him along with other accused to appear before it after taking cognisance of the first charge sheet filed in the illegal assets case.

Jagan's anticipatory bail petition will also come up for further hearing tomorrow with CBI being asked to file its counter. In view of his likely appearance before the court, Hyderabad Police have enhanced security in and around Nampally court complex by deploying additional police forces, besides installing CCTVs along the road and surroundings leading to the court. In order to prevent any untoward incident in the event of Jagan's arrest, Hyderabad police have already clamped Section 144 of CrPC in the city, besides heavy deployment of AP Special Police and RAF personnel on Raj Bhavan road where the Dilkusha guest house is located.

The CBI, which has so far filed three charge sheets in the case, charged Jagan and his father of hatching a conspiracy to defraud the government with Jagan influencing his father in doling out certain favours to various investors, who made investments of several crores into Jagan's businesses as a quid pro quo arrangement.

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News Network
June 10,2020

New Delhi, Jun 10: Delhi recorded 1,366 fresh cases of COVID-19 on Tuesday, taking the tally to 31,309, while the death toll mounted to 905, authorities said on Wednesday.

According to a health bulletin issued by the Delhi government's health department, there are 18,543 active cases, while 11,861 patients have either recovered, been discharged or migrated.

No health bulletin was issued on Tuesday.

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News Network
January 19,2020

Shirdi, Jan 19: Shirdi in Maharashtra will remain closed for an indefinite period from today in the wake of state Chief Minister Uddhav Thackeray's decision to develop Pathri town in Parbhani district as Sai Baba's birthplace.

However, Deepak Madukar Muglikar, Chief Executive Officer of Shri Saibaba Sansthan Trust, has said that Sai Baba Temple in Shirdi will remain open today and will not be impacted by the closure of the city.

"There are some reports in media that Sai Temple in Shirdi will remain closed on January 19. I want to clarify that it is just a rumor. Temple will remain open on January 19," Mr Muglikar said.

A call has been given for indefinite closure of Shirdi after Mr Thackeray's reported comment terming Pathri in Parbhani as Sai Baba's birthplace.

"Devotees will not face any difficulty if they come to Shirdi," said B Wakchaure, member of Saibaba Sansthan Trust.

Uddhav Thackeray has recently announced that Pathri will be developed as the birthplace of Sai Baba for religious tourism and also took a review meeting of the development plans in the Parbhani district.

One of the most popular religious destinations in the country, Saibaba Temple in Shirdi witnesses lakh of devotees visiting the holy site every year.

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Agencies
May 28,2020

Kochi, May 28: In these pandemic times, when the businesses are gravely affected and the MSMEs are particularly feeling the heat, a Kerala institute has come up with an initiative to help the distressed industry. The Institute of Small Enterprises and Development (ISED) has come out with a unique platform -- 'business clinic' for extending advisory services to the COVID-19 affected MSMEs in the state.

The Kochi based ISED's multi-disciplinary team of experts will offer free guidance to entrepreneurs to make a self-evaluation for improving their performance.

It will serve the interests of the MSMEs, entrepreneurial aspirants, such as the returning migrants, start-ups, educated unemployed, and women entrepreneurs.

ISED director, PM Mathew said COVID-19 pandemic has shattered the budgets and operations of most SMEs, globally, as also in India.

"Post-lockdown, the operational problems are likely to get aggravated. Beyond the broad macro level projections and debates, it is now time to act at the grassroots level. Many entrepreneurs need appropriate clinical assessment, and moral and psychological support, said Mathew.

According to the work force participation data at the national level, Kerala is ranked 31 in terms of the number of self employed, and placed in second rank in relation to the size of casual labour.

The Kerala Enterprise Development Report, brought out by the ISED states while the number of the unregistered enterprises is sizeable, constituting 76.85 % of the total, the respective share of registered MSMEs is only 9.53 %.

The constraints to these enterprises today are, poor sales, large inventory, delayed payments, damage of stock, wage bill arrears, unreliable labour supplies, fund diversion due to exigencies, GST related problems, and NPA/poor credit score.

"For all businesses, unlike in a sporadic recession in the economy, the danger today is circular and cumulative. Both from the demand side, and the supply angle, there is a serious contraction of business activities, which essentially means a glut in the cash flow. Corporate businesses, obviously, will come out of the mess due to their relative advantages of high reserve funds, liberal credit offerings, and easier access to alternative sources of finance," said Mathew.

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