#Allotment Details Of CAG
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applyipo · 6 years ago
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How To Check CreditAccess Grameen IPO Allotment Status
How To Check CreditAccess Grameen IPO Allotment Status
How To Check CreditAccess Grameen IPO Allotment Status (CAGL IPO Allotment Status):
As CreditAccess Grameen Ltd (CAGL) IPO bidding has begin from August 08, 2018.  And CreditAccess Grameen IPO subscription figures are expected to be good enough to activate lottery allotment system. Retail investors who will be applying will be interested in knowing their CreditAccess Grameen IPO Allotment Status…
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pandey91-blog · 5 years ago
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Bleading RBI’s concern !!
RBI the central bank of India has seen tussle with the various governments and yet nothing serious had erupted then. However the recent debates among academicians ,economists and politicians regarding the RBI and the Central government over share of dividends has raised an alarm for the country’s economic stability. 
Lets first understand the way central bank generates profits and subsequently the debate over the dividends and economic status under the government. For simpler understanding I would minimize the technical details to ensure uniform understanding, a basic notion. 
RBI primarily earns profits from the interest from open market sale , loans to banks , foreign securities ,difference between the face value and printing cost of currency  and lastly revaluation of the Gold reserves. However these reserves are not results of one single financial year, rather the decade long holding up of the same results in higher profit yield for the central bank. 
Tussle between the central bank and central government is not a new issue. Way back during the days of ex-RBI governor Y.V.Reddy, Bimal Jalan, D.subbarao, Raghu Ram Rajan , Urjit Patel all can be seen facign the issue . How ever never in the past had the central government used the draconion section 7 of the RBI act to direct the central bank to follow its instruction. 
Autonomy for any institution is must for its performance and also the public trust. Institution are deemed to fail if the autonomy is not held ,yet it also creates room for anarchy too. Institutional crisis is the last , our country should be facing,though there do exist debate regarding it citing examples of CBI,CAG,Election Commission of India etc. Well it could also politically mooted that need to be evaluated. As far as Central bank is concerned , thankfully the avid economists holding the position has not bowed down before the government and showed the character of stern leadership. 
Should the central government be allowed to avail such dividends and is there any formula that calculate the amount. Its true that RBI being the agent of government (selling the securities and currency) , government is bound to ask for it. But there should be an agreed formula for the same. Lately RBI had been following the Bimal Jalan Committee recommendation for the same .However the reserves of any central bank helps to fight against any economic down time (yes the current slowdown of 5.6% growth rate for 1st quarter ,being the lowest in decades ). India follows a pro-cyclic policy model that tends to shapes our both the fiscal and monetary policy. However what is required is the counter cyclic policy measures ,if India need to achieve the $5 trillion economy.A sound economic policy with stern governance is what the country requires,rather just bailing out through RBI reserves. The issue is that even the politicians themselves doesn’t understand the basics .Here I would bring the comparison between Presidential and Parliamentary form of government. US has leverage the benefits of experts .Be it Defense,Science&Tech,Economy,an expert would help frame and deliver better over any novice leader. Our system of portfolio allotment depends upon the political math rather than deliverable ability.And thus the entire burden fall’s over bureaucrats. Policy making and execution need too be separated from each other to ensure proper outcome of any policy.  
The debate of central bank maintaining huge reserves and comparing it with developed economy counter part is definitely a flawed concept. The two economy can be compared if there exist uniform growth ,development status, economic prospects and social capital. Arguing that bank should resort to lower reserves would shift the economy towards another 1991 crisis. Current economic paralysis and least reform with respect ot economy, examples being the IL&FS crisis, twin balance sheet of banks,NBFC crisis and automobile sector crisis, all point towards a worry some event.
What is required a sound policy making, debate over the reserve sharing and coming up with a scientific formula for the same. The recent report of BIMAL JALAN COMMITTEE over the same has been accepted by the RBI board. Now here is catch, the board itself a 16 member committee has only 6 RBI representative with 3 being governments nominee. No one doubt about the economic insight,but to ensure the transparent and avoid conflict of interest the board constitution needs to be revisited. Appointment is another area where government should bring reform with proper qualification. Successive ex-governors majorly being experts in the field has delivered successfully. The life time bureaucrats should avoid such expertise posts and ensure the public trust on institutions.Our Prime Minister take to become $5 trillion economy by 2020 needs to revisit as the growth rate for same is 8.4% while India is still stuck around 6%. No one denies the about the capability , but the policy and approach should supplement vision
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mc-kannappa · 7 years ago
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×   CLOSE MENU HOME CITY NATION BUSINESS WORLD VIVACITY AVENUES SPORTS COLUMNISTS STATE EDITIONS ˅ SUNDAY EDITION ˅ E-PAPER ˅ VIDEOS BREAKING NEWS I play according to the field: RohitBCCI names Saba Karim as GM - Cricket OperationsModi to launch Delhi Metro's Magenta Line on Dec 25SSB increased strength after Dokalam: RajnathRahul indulging in cheap barbs: BJPRahul Gandhi offers prayers at Somnath temple in Gujarat32 killed after bus falls into river in RajasthanED files charge sheet against Lalu's daughter Misa BhartiI play according to the field: RohitBCCI names Saba Karim as GM - Cricket Operations Home » Columnists »Oped COLUMNISTS 2G COURT IGNORED INDICTMENT BY SC Saturday, 23 December 2017 | J Gopikrishnan | in Oped 1 2 3 4 5 Award-winning investigative journalist J Gopikrishnan highlights loopholes in the trial court verdict in the 2G scam... Besides rejecting the deposition of then TRAI chairman Nripendra Mishra, the trial court chose to contradict the February 2, 2012 observation made by the Supreme Court during the cancellation of all the 122 telecom licences allotted by A Raja. The SC had observed, “The material produced before the (apex) court shows that the Minister (Raja) wanted to favour some companies at the cost of public exchequer.” The over 1,500 pages judgment by a trial court on Thursday acquitting all 19 accused, including former Telecom Minister A Raja and DMK MP Kanimozhi, in the 2G spectrum scam cases, overtly ignores the incriminating remarks of the Supreme Court in its February 2, 2012 ruling, in which Justices GS Singvi and AK Ganguly had cancelled all the 122 telecom licences at one stroke thus indicting Raja in the case. “The exercise undertaken under the leadership of the Minister (A Raja) was wholly arbitrary, capricious and contrary to public interest apart from being violative of the doctrine of the equality... “The material produced before the (apex) court shows that the Minister (Raja) wanted to favour some companies at the cost of public exchequer,” said the verdict delivered by the SC. The SC ruling — which came in response to a Public Interest Litigation, filed by Subramanian Swamy and Prashant Bhushan, seeking answers to whether the Government had a right to distribute natural resources in a manner that was not “fair and transparent”, and evidence submitted by them and by CBI and Enforcement Directorate (ED) —  went on to say, “Arbitrary action of the Minister (Raja) though appears to be innocuous was actually intended to benefit some of the real estate companies who did not have any experience in the dealing the telecom services.” Keeping in view the SC observation, it is intriguing how come a trial court judge’s verdict simply claims the evidence provided were insufficient to prove the criminality of the accused. If the same documents convinced the SC, then how is that they failed to convince the trial court? Delivering the judgment, the trial court judge, OP Saini, cleared all the accused of all charges. Also, he declared that there is no convincing evidence against the accused. Saini’s observation is in contrast to what he had observed in his own judgment on February 4, 2012. He had then said he “has enough evidence to prosecute Raja”. This assertion was made on the petition by Swamy to prosecute then Finance Minister P Chidambaram for engaging in conspiracy with Raja in the price fixing and approving the licences. In that judgment, the trial court judge had given a clean chit to Chidambaram, saying that Swamy had failed to prove the criminality of Chidambaram, but he had conceded that there was enough evidence to prove the criminality of Raja. The judgment agreed that the documents provided by Swamy showed that Chidambaram and Raja together fixed the base price for the controversial allotments of the 2G spectrum. Was it Swamy’s job to prove Chidambaram’s criminality? It would have been fair if the judge or the apex court ordered the CBI to verify Swamy’s charges against Chidambaram. Anyway it is an open secret that courts won’t so easily go against top sitting powerful Ministers after the landmark Allahabad High Court judgment against then Prime Minister Indira Gandhi led to the imposition of Emergency. Now, the moot question is how the set of evidence to establish Raja’s criminality as detailed in the February 4, 2012 judgment by Saini became so unconvincing that the same judge acquitted Raja of all charges about six years later. Moreover, the trial court not just ignored the SC ruling and evidence, but it vent ire against the prosecution. Being a regular visitor to the 2G Court, I have witnessed Judge Saini praising the SC-appointed Special Public Prosecutors (SPP) UU Lalit and Anand Grover on many occasions. He had even agreed to add charges under Breach of Public Trust against Raja and other accused on the recommendation of Lalit. Lalit led the majority part of prosecution till August 2014, after which he was elevated as a SC Judge. Grover took charge from September 2014 and led the final arguments. Many times I have witnessed the Judge fully agreeing to and appreciating the arguments and evidence put forward by Lalit and Grover. I have seen the appreciation by Judge Saini on deposition of star witnesses, like the 2G scam whistleblower Aseervatham Achary and then TRAI chairman Nripendra Mishra, currently Principal Secretary to Prime Minister Narendra Modi. Considering all these, it is shocking to find his observation that he “waited all these years for evidence”. This catchphrase looks similar to the dialogue of the Judge character in the famous sarcastic movie on judicial system — Jolly LLB. It is interesting to note in the judgment, Judge Saini says Nripendra proved that Raja violated the TRAI Act. What was proved by Nripendra? He proved during his deposition that among the 122 licences allotted, 85 belong to new companies, including the shell companies of real estate companies owned by accused like Shahid Balwa, Vinod Goenka and Sanjay Chandra. As per the TRAI Act, it needs TRAI’s mandatory clearance to allow a new firm to operate in telecom sector. This violation was the crux in the SC judgment. This was the major evidence cited in the CAG report and CBI’s charges. And during his deposition also then TRAI chairman Nripendra proved it, says Judge Saini in his controversial judgment. Then how is that he acquitted all by complaining  about the lack of evidence? The judgment also simply ignores the deposition of whistleblower Aseervatham Achary to give clean chit to Raja and Kanimozhi. The Judge says as Achary had political ambitions, therefore, his deposition cannot be taken at face value. Is having political ambition a crime? How can one ignore that the facts provided by CBI were corroborated by Achary’s deposition?   What is the basic of 2G scam and evidence provided? 1. Raja allotted telecom licences in 2008 at a price fixed in 2001 by violating the Cabinet decision of October 2003 and TRAI recommendations. In 2001, there were only three million mobile users and in 2008 the number of mobile users surged to 360 million. So he made a gross loss to the exchequer by indulging in favouritism. 2. Raja preponed the last date of application from October 1, 2007 to September 25. How can he prepone? On January 10, 2008 (scam day) at 2.30 pm, the Telecom Department issued a controversial press release on this controversial decision. 3. The Press release also said all operators have to pay the licence fee ranging up to Rs 1,658 crore in demand draft between 3.30 pm and 4.30pm on the same day! How can you make high value demand drafts in an hour and rush from banks to the Department of Telecom.? 4. The CBI and the CAG found all these demand drafts were made well in advance and some companies a week ago. This clearly shows that all the preferred companies were given information in advance. If this is not criminal conspiracy, then what is criminal conspiracy? Achary in his deposition corroborated evidence saying the accused players were in touch with Raja on regular days before the scam day January 10, 2008. 5. The CBI and the ED gave crystal clear bank transaction evidence of Rs 200 crore kickbacks to DMK MP Kanimozhi-controlled Kalaignar TV by Swan Telecom owners in circuitous transaction. The money transferred between 2008 and 2009 was all of a sudden returned through banking channels hours after CBI summoned Raja in December 2010. Is this not an evidence of kickbacks, then what more proof the CBI and the ED can give? If this is not convincing to a Judge, what more we can say? As the laws on contempt of court implies strong provisions let me limit myself to say this is a bad judgment. The Government, the CBI, the ED and Chief Prosecutor Anand Grover should immediately challenge this judgment by filing an appeal in the Delhi High Court. There should be a well-coordinated strategy in filing appeal to bring justice in this grand loot of 2G scam. Appeal hearings should be conducted on daily basis to avoid the case being dragged for years. We have seen frauds committed by then tainted CBI director Ranjit Sinha in mid-2014. He was removed from the 2G scam probe by the SC, and now he is facing investigation in trying to sabotage the coal scam. Most of the accused were caught paying clandestine visits to his home at nights. There are many such hurdles faced by investigators. ED’s Investigating Officer Rajeshwar Singh is still facing all kind of hardships created by the corrupt politicians and corporates. Many times, the SC has warned the Government on this. Recently also attempts were made to shunt him out from ED as soon as after he attached Karti Chidambaram’s bank accounts in connection with the Aircel-Maxis scam. We have seen the shunting of CBI Joint Director Ashok Tiwari to Himachal Road Transport Corporation for summoning Chidambaram in December 2014. It is high time Prime Minister Narendra Modi fixed the investigation and prosecution in high-profile corruption cases where all sorts of unholy nexus work, including judicial fixing. Niira Radia tapes remind us how some judgments were written by someone outside the judiciary and transferred in pen drives to certain judges concerned. These murky things have to end and it is the responsibility of the Modi-led Government which came to power on the promises to fight against corruption. The 2G trial court judgment is black chapter in the history of judiciary. This judgment shows how crony capitalism and corrupt lobbies survive and escape prosecution despite foolproof incriminating evidence. There are many factual errors in the trial court’s judgment and I am doing forensic reading of this bad judgment to list it out. I will hand over the list of errors to the CBI, the ED and prosecutor Anand Grover. I will do this duty as a citizen of this country. Fiat justitia ruat caelum.  This famous Latin legal phrase means, “Let justice be done though the heavens fall.” Let us be optimistic that higher forum of Indian judiciary will do justice and undo the bad judgment of the 2G trial court. (The writer is a senior journalist with The Pioneer. He exposed the 2G scam in a series of reports starting on December 11, 2008. For his extraordinary investigative journalism he was bestowed with the Ramnath Goenka Journalist of the Year Award in 2012. He has also bagged several prestigious awards, like CNN-IBN television channel’s ‘Indian of the Year’ (Special category) in December 2010, and Rajasthan Patrika newspaper’s KC Kulish International Award for Excellence in Journalism 2010. He was one of the initial complaints against the 2G scam to the CBI, and deposed before the Public Accounts Committee of Parliament)       1 2 3 4 5 8   VIDEO : White Zimbabwean farmer returns to seized land White Zimbabwean farmer returns to seized landNews   POST YOUR COMMENTS ADVERTISEMENT MORE NEWS Gimmicks don’t work 23 Dec 2017 | Pioneer | in Edit A hug in time 23 Dec 2017 | Pioneer | in Edit California’s forest fires and some burning questions 23 Dec 2017 | Hiranmay Karlekar | in Edit A brilliant new take 22 Dec 2017 | Kushan Mitra | in Automobile Destruction has come knocking at the door 22 Dec 2017 | Garima Maheshwari | in Oped Another precipice in South Africa 22 Dec 2017 | Gwynne Dyer | in Oped Is Myanmar destined for partition? 22 Dec 2017 | Prakash Shah | in Oped And quiet flows the Ganga 22 Dec 2017 | Pioneer | in Edit Nobody scammed India 22 Dec 2017 | Pioneer | in Edit Police reforms: No takers even after all these years 22 Dec 2017 | Ajoy Kumar | in Edit OUR COLUMNISTS CHANDAN MITRA SWAPAN DASGUPTA KANCHAN GUPTA SHOBORI GANGULI ASHOK MALIK ASHOK K MEHTA HIRANMAY KARLEKAR CLAUDE ARPI SANDHYA JAIN BALBIR PUNJ ISHAN JOSHI KUSHAN MITRA KG SURESH KALYANI SHANKAR ROHIT BANSAL AMIT GOEL HARI SHANKAR VYAS PRAMOD PATHAK SWARN KUMAR ANAND VINAYSHIL GAUTAM RAJESH SINGH KOTA SRIRAJ A SURYA PRAKASH KAPIL DUDAKIA MAKHAN SAIKIA NAVNEET ANAND PRASHANT TEWARI PRAVIN SAWHNEY RAJARAM PANDA SHREYA KEDIA HOMEABOUT USCONTACT USADVERTISE WITH USARCHIVE Copyright © 2017 The Pioneer. 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khabarsamay · 7 years ago
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219th Meeting of Central Board of EPFO Held
The 219th meeting of the Central Board of Employees’ Provident Fund Organisation (EPFO) held in New Delhi yesterday under the chairmanship of Union Minister of Labour & Employment Shri Santosh Kumar Gangwar. Following where are the key decisions of the Board:- a)The Board took note of the 10 requests from ineligible establishments for waiver of damages during the period May 20, 2017, to September 30, 2017, which were earlier rejected by EPFO. b)The Central Board started investing in Equity Exchange-Traded Funds (ETFs) from August 2015. The Accounting Policy for valuation and accounting of equity investments were prepared in consultancy with IIM Bangalore.  The observations of the CAG were also incorporated in the accounting policy. The same was approved by the Central Board. c) The present decentralized system of EPFO for making payment to its beneficiaries involves higher cost of transactions, delays in recredits in case of the failed transaction and does not provide for AADHAAR enabled payments.  Hence, EPFO proposed to move towards the Centralised Payment System using National Payments Corporation of India (NPCI) platform.  The benefits of the proposed system are:- Funds will be transferred on the same day to the beneficiaries through NPCI platform. The office may reconcile the transaction status on the T+0 basis.  This will result in early recredit in the accounts of beneficiaries in the case of failed transactions. Availability of the facility of AADHAAR enabled transfer of funds. Transaction cost by way of bank charges will also come down. The Board gave in-principle approval for the same.The Central Board also took note of the recent IT-based initiatives of EPFO for better services to its stakeholders:- (1)  Online Adhaar Verified UAN allotment to any citizen at Unified Portal:  Universal Account Number (UAN) is mandatory for filing the returns and depositing the contributions.  However, the establishments face difficulties in seeding Aadhaar details of the employees.  To obviate this difficulty, an open functionality has been introduced through which any citizen / present prospective employee can generate his/her UAN on the basis of Aadhaar and link his KYC details. The registration facility is available at Member Interface in the Unified Portal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/).  It is an online facility, there is no need to submit any physical documents. (2) Introduction of Online request functionality to EPF Subscribers for correction in Name, DoB, and Gender: In line with the decision of Government for digital India, a functionality has been developed where a member can give online request to his/her employer at Member Interface in the Unified Portal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/) for correction in Name, DoB, and Gender. EPFO is committed to strengthening the e-governance system to bring more transparency and to provide better services to its stakeholders. EPFO has already launched a number of e-governance initiatives such as Electronic Challan-cum-Return, Member e-passbook, payment through National Electronic Fund Transfer, Online Registration of Establishments, Mobile governance, Online receipt of claims, Auto transfer of Accounts etc. Read the full article
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myupdatestudio-blog · 8 years ago
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New Post has been published on Myupdatestudio
New Post has been published on https://myupdatestudio.com/ghaziabad-up-government-seeks-property-details-of-gda-officials-staff/
Ghaziabad: UP government seeks property details of GDA officials, staff
To tighten the noose across the corrupt officials and additionally to make certain adherence to the Uttar Pradesh government Servants Behavior Rules, 1956, the country government has now ordered the officers and team of workers of all improvement authorities, together with the Ghaziabad development authority (GDA), to claim their moveable and immovable assets via April 6.
                                           UP Government
Ghaziabad News
After Yogi Adityanath took over as chief minister, he had directed all nation authorities officials to claim their income and property inside 15 days. The CM had additionally ordered all his ministers to do the identical.
“The declaration can be made by using all A, B, C and D category employees of the GDA. They had been asked to put up details to the appointing authority. As in step with our estimates, rarely 10-20 men and women submitted info even though the Regulations nation that such info are to be submitted on appointment and every five years thereafter,” said DP Singh, an officer on unique obligation, GDA.
category ‘A’ employees include pinnacle ranked officers up to govt engineers. class ‘B’ consists of officers as much as an assistant engineer at the same time as class ‘C’ consists of junior engineers, the clerical body of workers, etc. The authority has almost 1, two hundred personnel.
Off and on, there had been allegations of corruption in opposition to officials and group of workers of diverse authorities inside the nation. In Noida, former chief engineer of Noida authority Yadav Singh and some different officers are facing fees of corruption and granting favors in contracts.
Former UP leader secretary Neera Yadav become additionally convicted by using a Ghaziabad courtroom in reference to irregular allotment/conversion of plots in Noida at the same time as she served in Noida authority.
In his marketing campaign speech at a rally earlier than the meeting election, High Minister Narendra Modi had come down closely on corruption inside the state and promised a CAG audit of GDA and all improvement authorities if the BJP is elected to strength.
After taking rate, the leader minister had additionally harassed on punctuality in authorities places of work.
To implement this, the GDA has hooked up seven biometric machines for recording attendance. The officers stated the attendance gadget will also be linked to the payroll gadget so that revenue deductions can take area, therefore. The biometric machines have been installed but now not positioned to apply by means of the staff at some point of the previous regime.
“These had been placed to apply the guidelines of the authorities. the body of workers must mark attendance before 10 am, else they will be marked absent. If any worker comes past due for three days, an afternoon of informal depart might be marked. For routine latecomers, the disciplinary movement may be taken,” Singh stated.
Ought to You Post Your Rental belongings details On-line?
Online advertising provides easy access to anybody, anywhere and at any time and that is proper for human beings looking for the excellent Apartment houses too. Irrespective of whether or not humans are searching out brief-time period or lengthy-time period rentals, possibilities are that they do no longer have the time required to look for what they want. in the modern busy lifestyle, human beings are looking for methods that may make the works quicker and in an efficient way. Records say that nowadays an increasing number of people are relying on the net for locating any facts they want and this is applicable to looking for Condo residences too. that is why it’s far advocated by using professional realtors that people having properties and are searching out the proper tenants can Put up the information about their homes on web sites supplying the ability to Post Condominium belongings categorized ad.
As These web sites offer the opportunity to even Publish the pictures, homeowners may be benefited. Because the human beings seeking out a residence will study the images On line, they may go to to see the house best while they’re inspired by using the photos. This reduces the hassles involved in touring each and every residence and the owners may be benefited as they are able to show their houses physically simplest to the ones, who are impressed with the snap shots and are displaying actual interest toward hiring the residence. now not only snap shots, the owners can offer anything information they want to Submit. Like for instance, in the event that they have absolutely supplied their belongings, they can offer the info, with a purpose to assume higher rent.
Similarly, maximum of the web sites providing the ability to Post Rental belongings classified ad, provide this provider free of cost. As soon as the best local portal is located and listed, the owners will start to get quite a few inquiries as this means of marketing can easily attain the intended target market.
UP Movie
The cutting-edge fashion shows that people searching for Rental residences via newspapers is lowering and increasingly more human beings are relying on the internet. additionally, they will not need to pay any addition fee like purchasing newspaper as they have already got a web connection. that is beneficial for assets proprietors as well as they need no longer have to pay for posting their ads like within the case of newspapers and magazines. also, home Condominium classified ads On-line may also attain global target market other than local people.
A Historical past Check Investigation Is wanted for property details It is a superb idea to look what Background checks Investigation can do in relation to locating facts that relate to how a property is being treated. Awesome belongings evaluate can paintings for Background checks Research as a means of giving people an idea of how a property works and whether or not or no longer a sure domestic is secure.
A Background checks Research could be used with an easy characteristic in mind. It will work by way of taking a observe the records of a property on the subject of what it has been used for in the past. This consists of taking a have a look at instances wherein a asset has been transferred from one institution to the subsequent. It is usually info on while objects were protected in some problems like a foreclosure.
There also are instances wherein Background exams investigations may also evaluate checks on whether or now not any enormous changes have been made to a assets. This includes info on whether or not or now not whatever has been changed or up to date and refurbished. that is a necessity because some homes may become being riskier than others if they’re up to date with new things. These may additionally consist of a few things that a belongings has never requested to get help from. that is needed to keep matters covered as well as feasible.
The subsequent point of Heritage checks investigations is to peer if there were any damages to a assets inside the past. This consists of damages from things like a heart or flood amongst other issues. some people have a tendency to cover these things of their reviews when they are seeking to promote their properties.
Propwall
Those are risks that need to be visible cautiously while getting a home. The problem is that a domestic’s value may additionally emerge as being higher than it must be if there are some dangers that come with it. also, the condition of the assets may be sealed up by using some records based totally on what goes on. a few people will cowl up information simply to make some thing a touch more marketable. this is a chance that could impact what a person may also get out of a property and ought to be checked on as a way of locating A great property.
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applyipo · 6 years ago
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CreditAccess Grameen IPO Allotment and Listing Dates
CreditAccess Grameen IPO Allotment and Listing Dates
CreditAccess Grameen IPO Allotment and Listing Dates (CAGL IPO Allotment and Listing):
CreditAccess Grameen Ltd (CAGL) IPO bidding is going to start from August 08, 2018. And CreditAccess Grameen IPO subscription figures are expected to be good enough. While those who will be applying will be interested in knowing their CreditAccess Grameen IPO Allotment Date and Status.
Most of you will be…
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mc-kannappa · 7 years ago
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×   CLOSE MENU HOME CITY NATION BUSINESS WORLD VIVACITY AVENUES SPORTS COLUMNISTS STATE EDITIONS ˅ SUNDAY EDITION ˅ E-PAPER ˅ VIDEOS BREAKING NEWS I play according to the field: RohitBCCI names Saba Karim as GM - Cricket OperationsModi to launch Delhi Metro's Magenta Line on Dec 25SSB increased strength after Dokalam: RajnathRahul indulging in cheap barbs: BJPRahul Gandhi offers prayers at Somnath temple in Gujarat32 killed after bus falls into river in RajasthanED files charge sheet against Lalu's daughter Misa BhartiI play according to the field: RohitBCCI names Saba Karim as GM - Cricket Operations Home » Columnists »Oped COLUMNISTS 2G COURT IGNORED INDICTMENT BY SC Saturday, 23 December 2017 | J Gopikrishnan | in Oped 1 2 3 4 5 Award-winning investigative journalist J Gopikrishnan highlights loopholes in the trial court verdict in the 2G scam... Besides rejecting the deposition of then TRAI chairman Nripendra Mishra, the trial court chose to contradict the February 2, 2012 observation made by the Supreme Court during the cancellation of all the 122 telecom licences allotted by A Raja. The SC had observed, “The material produced before the (apex) court shows that the Minister (Raja) wanted to favour some companies at the cost of public exchequer.” The over 1,500 pages judgment by a trial court on Thursday acquitting all 19 accused, including former Telecom Minister A Raja and DMK MP Kanimozhi, in the 2G spectrum scam cases, overtly ignores the incriminating remarks of the Supreme Court in its February 2, 2012 ruling, in which Justices GS Singvi and AK Ganguly had cancelled all the 122 telecom licences at one stroke thus indicting Raja in the case. “The exercise undertaken under the leadership of the Minister (A Raja) was wholly arbitrary, capricious and contrary to public interest apart from being violative of the doctrine of the equality... “The material produced before the (apex) court shows that the Minister (Raja) wanted to favour some companies at the cost of public exchequer,” said the verdict delivered by the SC. The SC ruling — which came in response to a Public Interest Litigation, filed by Subramanian Swamy and Prashant Bhushan, seeking answers to whether the Government had a right to distribute natural resources in a manner that was not “fair and transparent”, and evidence submitted by them and by CBI and Enforcement Directorate (ED) —  went on to say, “Arbitrary action of the Minister (Raja) though appears to be innocuous was actually intended to benefit some of the real estate companies who did not have any experience in the dealing the telecom services.” Keeping in view the SC observation, it is intriguing how come a trial court judge’s verdict simply claims the evidence provided were insufficient to prove the criminality of the accused. If the same documents convinced the SC, then how is that they failed to convince the trial court? Delivering the judgment, the trial court judge, OP Saini, cleared all the accused of all charges. Also, he declared that there is no convincing evidence against the accused. Saini’s observation is in contrast to what he had observed in his own judgment on February 4, 2012. He had then said he “has enough evidence to prosecute Raja”. This assertion was made on the petition by Swamy to prosecute then Finance Minister P Chidambaram for engaging in conspiracy with Raja in the price fixing and approving the licences. In that judgment, the trial court judge had given a clean chit to Chidambaram, saying that Swamy had failed to prove the criminality of Chidambaram, but he had conceded that there was enough evidence to prove the criminality of Raja. The judgment agreed that the documents provided by Swamy showed that Chidambaram and Raja together fixed the base price for the controversial allotments of the 2G spectrum. Was it Swamy’s job to prove Chidambaram’s criminality? It would have been fair if the judge or the apex court ordered the CBI to verify Swamy’s charges against Chidambaram. Anyway it is an open secret that courts won’t so easily go against top sitting powerful Ministers after the landmark Allahabad High Court judgment against then Prime Minister Indira Gandhi led to the imposition of Emergency. Now, the moot question is how the set of evidence to establish Raja’s criminality as detailed in the February 4, 2012 judgment by Saini became so unconvincing that the same judge acquitted Raja of all charges about six years later. Moreover, the trial court not just ignored the SC ruling and evidence, but it vent ire against the prosecution. Being a regular visitor to the 2G Court, I have witnessed Judge Saini praising the SC-appointed Special Public Prosecutors (SPP) UU Lalit and Anand Grover on many occasions. He had even agreed to add charges under Breach of Public Trust against Raja and other accused on the recommendation of Lalit. Lalit led the majority part of prosecution till August 2014, after which he was elevated as a SC Judge. Grover took charge from September 2014 and led the final arguments. Many times I have witnessed the Judge fully agreeing to and appreciating the arguments and evidence put forward by Lalit and Grover. I have seen the appreciation by Judge Saini on deposition of star witnesses, like the 2G scam whistleblower Aseervatham Achary and then TRAI chairman Nripendra Mishra, currently Principal Secretary to Prime Minister Narendra Modi. Considering all these, it is shocking to find his observation that he “waited all these years for evidence”. This catchphrase looks similar to the dialogue of the Judge character in the famous sarcastic movie on judicial system — Jolly LLB. It is interesting to note in the judgment, Judge Saini says Nripendra proved that Raja violated the TRAI Act. What was proved by Nripendra? He proved during his deposition that among the 122 licences allotted, 85 belong to new companies, including the shell companies of real estate companies owned by accused like Shahid Balwa, Vinod Goenka and Sanjay Chandra. As per the TRAI Act, it needs TRAI’s mandatory clearance to allow a new firm to operate in telecom sector. This violation was the crux in the SC judgment. This was the major evidence cited in the CAG report and CBI’s charges. And during his deposition also then TRAI chairman Nripendra proved it, says Judge Saini in his controversial judgment. Then how is that he acquitted all by complaining  about the lack of evidence? The judgment also simply ignores the deposition of whistleblower Aseervatham Achary to give clean chit to Raja and Kanimozhi. The Judge says as Achary had political ambitions, therefore, his deposition cannot be taken at face value. Is having political ambition a crime? How can one ignore that the facts provided by CBI were corroborated by Achary’s deposition?   What is the basic of 2G scam and evidence provided? 1. Raja allotted telecom licences in 2008 at a price fixed in 2001 by violating the Cabinet decision of October 2003 and TRAI recommendations. In 2001, there were only three million mobile users and in 2008 the number of mobile users surged to 360 million. So he made a gross loss to the exchequer by indulging in favouritism. 2. Raja preponed the last date of application from October 1, 2007 to September 25. How can he prepone? On January 10, 2008 (scam day) at 2.30 pm, the Telecom Department issued a controversial press release on this controversial decision. 3. The Press release also said all operators have to pay the licence fee ranging up to Rs 1,658 crore in demand draft between 3.30 pm and 4.30pm on the same day! How can you make high value demand drafts in an hour and rush from banks to the Department of Telecom.? 4. The CBI and the CAG found all these demand drafts were made well in advance and some companies a week ago. This clearly shows that all the preferred companies were given information in advance. If this is not criminal conspiracy, then what is criminal conspiracy? Achary in his deposition corroborated evidence saying the accused players were in touch with Raja on regular days before the scam day January 10, 2008. 5. The CBI and the ED gave crystal clear bank transaction evidence of Rs 200 crore kickbacks to DMK MP Kanimozhi-controlled Kalaignar TV by Swan Telecom owners in circuitous transaction. The money transferred between 2008 and 2009 was all of a sudden returned through banking channels hours after CBI summoned Raja in December 2010. Is this not an evidence of kickbacks, then what more proof the CBI and the ED can give? If this is not convincing to a Judge, what more we can say? As the laws on contempt of court implies strong provisions let me limit myself to say this is a bad judgment. The Government, the CBI, the ED and Chief Prosecutor Anand Grover should immediately challenge this judgment by filing an appeal in the Delhi High Court. There should be a well-coordinated strategy in filing appeal to bring justice in this grand loot of 2G scam. Appeal hearings should be conducted on daily basis to avoid the case being dragged for years. We have seen frauds committed by then tainted CBI director Ranjit Sinha in mid-2014. He was removed from the 2G scam probe by the SC, and now he is facing investigation in trying to sabotage the coal scam. Most of the accused were caught paying clandestine visits to his home at nights. There are many such hurdles faced by investigators. ED’s Investigating Officer Rajeshwar Singh is still facing all kind of hardships created by the corrupt politicians and corporates. Many times, the SC has warned the Government on this. Recently also attempts were made to shunt him out from ED as soon as after he attached Karti Chidambaram’s bank accounts in connection with the Aircel-Maxis scam. We have seen the shunting of CBI Joint Director Ashok Tiwari to Himachal Road Transport Corporation for summoning Chidambaram in December 2014. It is high time Prime Minister Narendra Modi fixed the investigation and prosecution in high-profile corruption cases where all sorts of unholy nexus work, including judicial fixing. Niira Radia tapes remind us how some judgments were written by someone outside the judiciary and transferred in pen drives to certain judges concerned. These murky things have to end and it is the responsibility of the Modi-led Government which came to power on the promises to fight against corruption. The 2G trial court judgment is black chapter in the history of judiciary. This judgment shows how crony capitalism and corrupt lobbies survive and escape prosecution despite foolproof incriminating evidence. There are many factual errors in the trial court’s judgment and I am doing forensic reading of this bad judgment to list it out. I will hand over the list of errors to the CBI, the ED and prosecutor Anand Grover. I will do this duty as a citizen of this country. Fiat justitia ruat caelum.  This famous Latin legal phrase means, “Let justice be done though the heavens fall.” Let us be optimistic that higher forum of Indian judiciary will do justice and undo the bad judgment of the 2G trial court. (The writer is a senior journalist with The Pioneer. He exposed the 2G scam in a series of reports starting on December 11, 2008. For his extraordinary investigative journalism he was bestowed with the Ramnath Goenka Journalist of the Year Award in 2012. He has also bagged several prestigious awards, like CNN-IBN television channel’s ‘Indian of the Year’ (Special category) in December 2010, and Rajasthan Patrika newspaper’s KC Kulish International Award for Excellence in Journalism 2010. He was one of the initial complaints against the 2G scam to the CBI, and deposed before the Public Accounts Committee of Parliament)       1 2 3 4 5 8   VIDEO : White Zimbabwean farmer returns to seized land White Zimbabwean farmer returns to seized landNews   POST YOUR COMMENTS ADVERTISEMENT MORE NEWS Gimmicks don’t work 23 Dec 2017 | Pioneer | in Edit A hug in time 23 Dec 2017 | Pioneer | in Edit California’s forest fires and some burning questions 23 Dec 2017 | Hiranmay Karlekar | in Edit A brilliant new take 22 Dec 2017 | Kushan Mitra | in Automobile Destruction has come knocking at the door 22 Dec 2017 | Garima Maheshwari | in Oped Another precipice in South Africa 22 Dec 2017 | Gwynne Dyer | in Oped Is Myanmar destined for partition? 22 Dec 2017 | Prakash Shah | in Oped And quiet flows the Ganga 22 Dec 2017 | Pioneer | in Edit Nobody scammed India 22 Dec 2017 | Pioneer | in Edit Police reforms: No takers even after all these years 22 Dec 2017 | Ajoy Kumar | in Edit OUR COLUMNISTS CHANDAN MITRA SWAPAN DASGUPTA KANCHAN GUPTA SHOBORI GANGULI ASHOK MALIK ASHOK K MEHTA HIRANMAY KARLEKAR CLAUDE ARPI SANDHYA JAIN BALBIR PUNJ ISHAN JOSHI KUSHAN MITRA KG SURESH KALYANI SHANKAR ROHIT BANSAL AMIT GOEL HARI SHANKAR VYAS PRAMOD PATHAK SWARN KUMAR ANAND VINAYSHIL GAUTAM RAJESH SINGH KOTA SRIRAJ A SURYA PRAKASH KAPIL DUDAKIA MAKHAN SAIKIA NAVNEET ANAND PRASHANT TEWARI PRAVIN SAWHNEY RAJARAM PANDA SHREYA KEDIA HOMEABOUT USCONTACT USADVERTISE WITH USARCHIVE Copyright © 2017 The Pioneer. 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