Plan and Policy

Plan & Policy

ED confident of Nirav’s deportation to India

Faced with continued evasion by Nirav Modi, prime accused in the Rs 12,400 cr­ore PNB scam, enforcement directorate said on Thursday sovereign jurisdiction and regulations of different cou­n­tries were behind delay in bringing him back to India.

Though no time limit co­u­ld be given on Modi’s retu­rn, discussion were on with countries relevant on the pr­o­cess of deportation, sources said. They refused to comm­e­nt on the query about cu­rr­e­nt address of Modi, and ad­d­ed it would not be in the interest of the investigation.

SFIO grills Bhushan Steel chairman

The serious fraud investigation office (SFIO) on Thursday questioned debt-ridden Bhushan Steel’s chairman Brij Bhushan Singal about alleged siphoning of Rs 1,000 crore, a source said.

The agency, which comes under the corporate affairs ministry, has been probing allegations of fund diversi­o­ns at the firm since last year.

According to the source, Singal was questioned by SFIO here in the matter related to alleged siphoning of huge amount of funds.

GSTR-3B may be extended

In a bid to provide relief to trade and businesses, the GST council at its meeting on Saturday may consider allowing them to file their returns in a simplified GSTR-3B form for another six months beyond March.

It will also discuss the proposal to merge 3 monthly return forms into one to simplify the process and reduce compliance burden. Among other proposals on the GST council agenda is to further de­l­ay rolling out the digital pa­ss system for transporting goods for another few mon­t­hs and levying GST on co­n­cent­rated form of alcohol.

Choksi invokes Constitution, passport seizure

Mehul Choksi, promoter of Gitanjali Gems, which is named in the Rs 12,700 crore PNB fraud case, has written another letter to CBI in reply to FIR that asked him to appear before the investigating agency. Choksi said he “in no manner dictating the terms” for his appearance. But as his passport has been suspended “it is impossible” to travel back to India.

Here is the full text of the letter written by him to CBI:

Re: Investigation in FIR No RCBSM2018E00001

Dear Sir,

TDP ministers resign, to remain in NDA

Two TDP ministers in the BJP-led NDA government, Ashok Gajapathi Raju and YS Chowdary, submitted their resignations to prime minister Narendra Modi soon after he had a telephonic conversation with Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday evening. Raju later told reporters that his party will continue to part of the ruling alliance.

Impossible to return to India, Choksi tells CBI

Gitanjali Gems promoter Mehul Choksi (in pic), who is under the scanner of investigating agencies following a complaint by the Punjab National Bank, has said it was impossible for him to return to India and join the investigation due to the suspension of his passport and ill-health.

In a detailed e-mail reply to the CBI’s notice seeking his appearance, Choksi said he was not in a position to travel as his passport has been suspended by the authorities and he was undergoing medical treatment.

Parliament nod sought for Rs 85K cr extra spending

The government has sought Parliament’s approval for additional cash spending of Rs 85,315 crore in the current fiscal ending March. The additional expenditure is being incurred to match the revised estimates provided in the budget and it will not impact the revised 3.5 per cent fiscal deficit target.

Minister of state for parliamentary affairs Arjun Ram Meghwal moved the fourth round of supplementary demands for grants for 2017-18 in the Lok Sabha.

Whistle blower Kamboj tripped 20:80 scheme by writing to FM

In many ways, bullion trader and King Bullion owner Mohit Kamboj (in pic) is the whistle blower in the 20:80 gold scheme case. A relentless crusader, he did not give up despite repeated brush-offs from the UPA top brass. The Reserve Bank of India (RBI) and the finance ministry refused to acknowledge his missives on this issue, but he sallied forth and once the new government was in place, opened a fresh front by writing to the new finance minister Arun Jaitley and followed this up by writing to then commerce secretary Rajeev Kher.