Chidambaram offered a broad overview of a rapidly developing nation that has become a global powerhouse over the last 15 years. In addition to highlighting the success of Indian entrepreneurs in a liberalized economy, he brushed off the concerns that come with rapid growth. He insisted that India has learned from the mistakes of other rapidly-developing economies and has also benefited from unique factors, including its growing population. For much of the s and the current decade, India has had a succession of economic successes. The recent surge in gross national product — measured at 9. Growth has been fueled by a growing urban middle-class — largely English-speaking — which has given rise to the well-documented growth in back-office operations, such as call centers, for multinational corporations. The first time was from to , when he was widely praised for curbing government spending and carrying out tax reforms in a nation where, even today, just 3. If there was anyone in the audience who did not realize the significance of the economic liberalization that began in , Chidambaram carefully retraced that history.
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Chidambaram, who was arrested from his home last week, is in CBI custody till Friday and will be produced before a trial court when it expires. On Friday, if the CBI court turns down the investigating agency’s request for sending him back to its custody, the former Union minister may be sent to Delhi’s Tihar jail. The judges, who did not comment on the offer, said they would announce their decision on September 5 on Chidambaram’s plea challenging the Delhi High Court’s August 20 verdict denying him anticipatory bail plea in the INX Media money laundering case filed by the Enforcement Directorate ED.
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P Chidambaram to file Rajya Sabha nomination papers tomorrow
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Justice Sunil Gaur, who denied bail to P Chidambaram, retires
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According to the findings, Shivakumar was acting as the money bag of Congress high command through Ahmed Patel and Chidambaram from.
Justice Sunil Gaur, who passed to the order denying anticipatory bail to former Finance Minister P Chidambaram, has retired. Justice Gaur had also handled the trial in sensational Shivani Bhatnagar murder case. He had also passed an order clearing the decks for prosecution of top Congress leaders, including Sonia and Rahul Gandhi, in the National Herald case.
Denying anticipatory bail to Chidambaram in the INX Media case on Tuesday, the year-old judge had described him as the “kingpin”. The decision was upheld by a division bench of the high court, but was put on hold by the Supreme Court in April this year. The matter is still pending in the apex court. On April 11, , he was entrusted with higher responsibility when he was elevated as a judge of the Delhi High Court. He became Permanent Judge in the year Before his retirement, Justice Gaur was hearing bail matters along with criminal appeals of the year and , Criminal Miscellaneous Main cases of the years and ’19, cases relating to sexual harrasment and Criminal Revision Petitions of the years and Fight against Coronavirus: Full coverage.
Horoscope for Tuesday August 26, Here’s astrology prediction for all zodiac signs. Apple’s first Indian online store to open in September: Know details. On this day: India registered famous innings victory over England in Headingley Test.
Explained: Why was Chidambaram denied bail
Finance Minister P. Chidambaram can be a puzzle at times. His penchant for being different revealed itself once again soon after he presented his eighth Budget on February Instead of granting exclusive post-Budget interviews to handpicked journalists, the way his predecessor Pranab Mukherjee used to, Chidambaram held a press conference to clarify his budgetary proposals, at which he had all his senior finance ministry officials also present.
Soon enough, that vital question which spooked the stock market just after the Budget presentation, came up. It was about a change in the tax law underpinning India’s international tax treaties, mentioned in the Budget papers.
Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest. Chidambaram was arrested by federal police on a warrant issued by a competent court, a spokesman for the CBI said. The CBI and Enforcement Directorate – India’s financial crime fighting agency – have alleged that Chidambaram abused his official position while he was finance minister.
Officials have also alleged Chidambaram was involved in money laundering and conspired around the approval of a telecommunications deal in Chidambaram, who served twice as finance minister in the previous Congress party-led coalition that ran India for a decade, has approached India’s top court seeking to appeal the High Court ruling rejecting his application to prevent an arrest.
After the press conference, in dramatic scenes televised across Indian media, police officers reached Chidambaram’s residence and jumped over the wall to enter the premises. He was then taken away in a car that his party supporters tried to stop briefly, local media reported. The allegations in the case centre around the role of Chidambaram, who is a senior leader of the Congress party that is now in opposition, his son Karti Chidambaram, and several former government officials, in approving the acquisition of telecoms firm, Aircel Ltd, by a Malaysian firm, Maxis Bhd.
The individuals accused in the case face charges of “abuse of official position and criminal conspiracy in giving illegal approval,” a CBI official told reporters last month. A year-old is going viral after sharing the weirdest things about teaching kids just a few years younger than herself. Vivien turned 3 years old and zoo staff celebrated with a two-tier cake only a sloth could love.
Toddler Olivia Jade has some relatable insight about these trying times.
Watch: Jaitley, Chidambaram debate over NPAs in Rajya Sabha
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Slamming the BJP government after the killing of eight police personnel in Kanpur during a raid at noted criminal Vikas Dubey’s residence in Kanpur, Congress leader P Chidambaram said: “UP is so backward that those who rule UP must hang their heads in shame. Congress was last in the government in UP in , that is 30 years ago. UP is so backward in every respect that those who rule UP must hang their heads in shame.
The BJP cannot blame the Congress and is wondering who can be blamed. The tragedy was foretold. I offer my condolences to the families of the unfortunate victims. It is difficult to believe that a trained police force will go after sunset to arrest a notorious criminal in his bastion. The raid was carried out at 1 am on the intervening night of July in Bithoor area in Chaubepur.
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The court, infact, had some hard-hitting remarks to make on the denial of former finance minister’s bail. Fight against Coronavirus: Full coverage. Horoscope for Tuesday August 26, Here’s astrology prediction for all zodiac signs. Apple’s first Indian online store to open in September: Know details. On this day: India registered famous innings victory over England in Headingley Test. There’s more to come: James Anderson ready to ‘keep going’ post wicket mark.
Former finance minister P Chidambaram, in an unprecedented move, offered the and even till date (in the INX Media case),” he said, countering arguments advanced by Film on CBN-YSR friendship lands in controversy.
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