NEW DELHI: A Delhi court Wednesday granted bail to former NITI Aayog CEO Sindhushree Khullar and others in the INX Media corruption case filed by the CBI. Special Judge Ajay Kumar Kuhar also granted bail to former Officer on Special Duty (OSD) to finance minister Pradeep Kumar Bagga and former FIPB director Prabodh Saxena. The court, which granted them bail on a surety of Rs 2 lakh each, directed that they would not leave the country without its permission. It also directed them not to tamper with evidence. Former finance minister P Chidambaram is already out on bail in the case. The CBI registered an FIR on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as Union finance minister. … [Read more...] about Delhi court grants bail to ex-NITI Aayog CEO, others in INX Media case
Salini case investment
“If I rob a bank - this is only an example for the benefit of Your Lordships' understanding - of ₹2,000 crore. I have to park the money somewhere. So I launder the proceeds of the crime... Money laundering is never thought of in the heat of the moment... It has to be cleverly crafted,” he said. … [Read more...] about INX Media case: ‘A stupid man cannot launder,’ Enforcement Directorate tells Supreme Court
Finance Minister Nirmala Sitharaman recently said that there are green shoots and that the economy is not really in trouble. You too have said the economy may have bottomed out.Bottoming out just means that next year will be better than 4.5%. You could claim to have bottomed out if growth next year is above 5%. But it would be wrong on th at basis to say the economy is not in trouble. What people are now looking for, is a quick and strong recovery. What we are likely to get is a rather slow recovery. And there is no evidence of an early return to 8% plus which is what we need. … [Read more...] about People talk of a fear factor depressing investment but Budget doesn’t address it: Montek Singh Ahluwalia
“One suggestion we gave to the government is that if someone is serious to settle down here and do business, there has to be some sort of a rider like the neighbouring State of Himachal... if that is not the case then the prices [of land] will go up and the common man will not be able to afford to buy land here... at the same time there is not a huge chunk of land to be offered because laws are such that you cannot build houses, factories on agricultural land, there is some land that belongs to the State,” he said. … [Read more...] about Jammu traders for “riders” on land purchase, investments by outsiders
The Bhaalspawn await Baldur's Gate III gameplay to be revealed on February 27 The world will get its first look at Baldur's Gate III gameplay on February 27 via a live stream from PAX East. Baldur's Gate III is being developed and published by Larian Studios. … [Read more...] about What Galaxy S20 cases are you getting?
The price of Brent crude, a worldwide benchmark, closed Thursday at $56.51 a barrel, down from a 52-week high of $75.60. The price for West Texas Intermediate Crude, a US benchmark, declined by 10 cents a barrel, or 0.19 percent, to $51.59. The 52-week high is $66.60. (A barrel is 42 gallons, or about 159 liters.) … [Read more...] about US stocks slip after spike in coronavirus cases