Transferred on basis of false allegations: Alok Verma

Agencies
January 11, 2019

New Delhi, Jan 11: Former CBI director Alok Verma, who was ousted from the agency by a high-powered selection committee on Thursday, has said that he was transferred on the basis of "false, unsubstantiated and frivolous allegations" made by only one person, who was inimical to him.

Verma who was transferred as the Director General Fire Services, Civil Defence and Home Guards, two days after Supreme Court reinstated him as the CBI chief, was replaced by M Nageshwar Rao as interim director till government finds next director for the agency, a government order said.

Rao assumed charge of the agency on Thursday at 9 pm, an internal order of the CBI said.

Breaking his silence, Verma in a statement to PTI late on Thursday night said that the CBI, being a prime investigating agency dealing in corruption in high public places, is an institution whose independence should be preserved and protected.

"It must function without external influences. I have tried to uphold the integrity of the institution while attempts were being made to destroy it. The same can be seen from the orders of the central government and the CVC dated October 23, 2018, which were without jurisdiction and were set aside," he said.

Verma said it was "sad" that he was transferred to another post pursuant to the orders of the committee on the basis of "false, unsubstantiated and frivolous allegations made by only one person, who was inimical to him".

In the statement, he said the committee was assigned the task of deciding his future course of action as the CBI director.

Special Director Rakesh Asthana, with whom Verma had a public feud, had given a complaint against him to the cabinet secretary in August which was referred to the Central Vigilance Commission.

The report given by the commission carried most of the allegations which led to the ouster of Verma.

According to Congress leader Mallikarjun Kharge, who was the dissenting voice in the three-member committee also comprising Prime Minister Narendra Modi and Justice A K Sikri, there were 10 allegations.

Six were false, four needed further investigations, and four had circumstantial evidence and were "unflattering" to Verma, he said in his note to the committee.

Asthana was booked by the CBI on October 15, 2018 on the basis of a magisterial statement recorded by a businessman Sathish Babu Sana who had claimed that two businessmen brothers had sought bribe of Rs 5 crore from him to get relief to him in a CBI case against him using their contacts with the special director.

Verma, a 1979-batch IPS officer, was transferred as Director General Fire Services after the high-powered selection committee decided to remove him from the post of the CBI director.

"I have stood up for the integrity of the institution, and if asked will do it again in order to uphold the rule of law," he said.

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News Network
March 3,2020

Daman, Mar 3: A BJP councillor was shot dead on Monday in the Union Territory of Daman, police said.

Salim Memon was sitting in his motorcycle showroom when three to four unidentified persons shot four to five bullets after asking a visitor there to move out, an official said quoting eye-witnesses.

While fleeing, they also shot two rounds close to this visitor who was standing outside, he said.

"Memon was rushed to a hospital in Marwad area but was declared dead on arrival. CCTV footage is being scanned to nab the culprits," said Daman Superintendent of Police Vikramjit Singh.

Memon was elected to Daman municipality as a Congress candidate but then switched over to the BJP.

Sources said Memon, who also has a land brokerage business, had come out of jail a few months back in connection with a case of rivalry.

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News Network
March 19,2020

New Delhi, Mar 19: Former Chief Justice of India Ranjan Gogoi took oath as Rajya Sabha MP on Thursday.

Gogoi's wife Rupanjali Gogoi, daughter, and son in law were also present in Parliament.

Congress staged a walkout from the Rajya Sabha over Gogoi's membership to the House.

Meanwhile, Union Minister Ravishankar Prasad welcomed Gogoi in the Rajya Sabha.

President Ram Nath Kovind had nominated the former CJI to the Rajya Sabha on March 16.

Gogoi served as the 46th Chief Justice of India from October 3, 2018, to November 17, 2019.

On November 9, 2019, a five-judge Bench headed by him had delivered the verdict in the long-pending Ramjanmabhoomi case.

Comments

Fairman
 - 
Thursday, 19 Mar 2020

People lost trust in Judiciary because of such horrible criminals.

 

He betrayed the whole nation. Unless he is booked, the judiciary will not restore the lost faith. 

 

 

The loss may be momentary in nature, It is the promise of the Almighty, He will ensure the justice is served to everyone. 

 

Angry Indian
 - 
Thursday, 19 Mar 2020

Pure slave like goo mutur....nice life DDDDOOOOGGGGG

 

ayes p.
 - 
Thursday, 19 Mar 2020

Fixed from judgement of babri masjid to rajya sabha member

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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