Showing posts with label JAYALALITHAA. Show all posts
Showing posts with label JAYALALITHAA. Show all posts

Tuesday, 14 February 2017

Sasikala convicted in DA case: How a Poes Garden raid did her in

Subramanian Swamy's complaint named only Jayalalithaa and not Sasikala

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Breaking News - Over the past week or so, one of the staunch supporters of VK Sasikala's claim to form a government in Tamil Nadu was BJP leader Subramanian Swamy. He was seen openly supporting her in TV channels and even met the governor at Chennai. Ironically then, the final blow that dashed Sasikala's hopes of occupying the chief minister's chair came from a bullet fired by Swamy two decades ago.

In fact, while Swamy's complaint named only Jayalalithaa, a raid of Poes garden and evidences gathered there and other locations in 1996-97, brought in Sasikala convicted, her nephew VN Sudhakaran and her sister in law J Elavarasi as accused no 2, 3 and 4 in what came to be known as the disproportionate assets (DA) case.

The trial court judgment by Justice John Michael Cunha in September 2014, records that the criminal law was set in motion against former Tamil Nadu chief minister Jayalalithaa by Subramanian Swamy, the then president of Janata Dal.

He lodged a complaint on June 14, 1996 alleging that, subsequent to the assumption of the public office of the chief minister of Tamil Nadu, Jayalalithaa acquired properties and earned income disproportionate to her known source of income. The complaint came a month after the AIADMK was condemned to its worst defeat till date in the Assembly elections. Jayalalithaa herself lost in Barugur. Her party was reduced to four seats from 164, five years earlier. (read more...)

Wednesday, 7 December 2016

From Amma's legacy to RBI monetary policy: 5 key developments

In other news, guidelines issued for cross-border electricity transactions

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Business Standard brings to you a list of five key developments across the country.

Tamil Nadu’s 19th chief minister (she was also the 11th, 14th, 16th and 18th) J Jayalalithaa, who died on Monday, was known for gifting her 72 million people a record set of freebies, but she also leaves behind a state that ranks among India’s top five in many social, crime and industrial indicators.
ALSO READ: Amma's legacy: Social, industrial, crime rankings among India's best

 
Business Standard reporters have attempted to piece together stories of how new currencies are being printed after demonetisation at the  four presses — Salboni  (West Bengal), Dewas (Madhya Pradesh), Nashik (Maharashtra) and Mysuru (Karnataka) — which make the notes.
ALSO READ: Minting Money: Printing notes on a war-footing to fill up cash-starved banks


Alleging that individuals prone to “impulsive control” have exposed the Tata Group to perilous violation of regulatory requirements, ousted Tata Sons Chairman Cyrus Mistry on Tuesday said his fight is to protect the conglomerate from “capricious” decision-making by Interim Chairman Ratan Tata.



The power ministry late on Monday issued guidelines to facilitate cross-border trade of electricity. The Central Electricity Regulatory Commission will frame appropriate regulations binding on all participating entities. According to the guidelines, a participating entity will be eligible for cross-border trading on Indian power exchanges, including Indian Energy Exchange and Power Exchange India, in term-ahead contracts, intra-day contracts and contingency contracts.



The Reserve Bank of India (RBI) imposed a temporary cash reserve ratio (CRR) over the weekend, on the incremental rise in bank deposits following the government’s demonetisation move. The measure, which will be reviewed on December 9 and was largely expected by analysts, aims to suck out excess liquidity in the system; though banks will not be able to earn any income on these deposits.