New Delhi: With a view to seek foreign investments, Finance Minister P Chidambaram will be visiting Dubai on Sunday to sell India's growth story to sovereign wealth funds. The Minister is scheduled to meet his counterpart in Dubai and also hold bilateral consultations with the SWFs (Sovereign Wealth Funds) in his day-long visit to the Gulf nation, an official source said.
The visit is part of Chidambaram's global tour to attract foreign investments. He has held similar investor meets in Hong Kong, Singapore, Europe (including Germany), Japan, Qatar, Canada and the US to attract foreign investment into India.
Chidambaram has been emphasising that India offers "unlimited" investment opportunities in the infrastructure sector and the country is looking at spending around $1 trillion over five years in areas such as roads, airports and seaports. During his latest tour, the Finance Minister had said he told investors and the government there that there is a huge opportunity in India, especially in infrastructure.
India is betting big on foreign resources to finance the Current Account Deficit (CAD), which had widened to record high of 6.7 per cent in October-December quarter of 2012-13. In his earlier meetings with the investor community, Chidambaram had expressed India's commitment to economic reforms....
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03:45 PM, May 25, 2013
Islamabad: Former President Pervez Musharraf on Friday approached the Islamabad High Court to challenge the rejection of his bail by an anti-terrorism court in a case related to detention of judges during the 2007 emergency in Pakistan. In a petition filed through his counsel Ilyas Siddiqui, Musharraf said that, being a former president, he could not be tried under the Anti-Terrorism Act and the charges levelled against him were bailable....
12:12 AM, May 25, 2013
New Delhi: CBI has not been able to make any substantial recovery of cash or valuables from the office and residence of its Superintendent of Police Vivek Dutt, who was probing the high-profile coal block allocation scam when he was arrested under graft charges, sources claimed. The agency has deputed Vidhi Kumar Birdi, a 2003 batch IPS officer from Jammu and Kashmir cadre, to replace Dutt in the coal block...
09:42 PM, May 24, 2013
The first meeting of the Group of Ministers on making the Central Bureau of Investigation an autonomous body was held on Thursday. The investigating body's autonomy plan ran into trouble as the Department of Personnel and Training resisted the move to initiate a probe on senior bureaucrats without prior permissions. ...
10:15 AM, May 24, 2013
The National Commission for Minorities on Thursday slammed the CBI for putting "innocents in jail over serious crimes as terror acts". ...
11:51 PM, May 23, 2013
New Delhi: Faced with the Supreme Court rap on the independent functioning of CBI, the Group of Ministers headed by Finance Minister P Chidambaram on Thursday discussed ways to give greater autonomy and more financial powers to the agency. The GoM, at its first meeting, was given a power-point presentation by the Department of Personnel and Training (DoPT) in which it opposed scrapping of the provision which requires CBI to...
09:24 PM, May 23, 2013
New Delhi: The National Commission for Minorities on Thursday slammed the CBI for putting "innocents in jail over serious crimes as terror acts". NCM chief Wajahat Habibullah called it dangerous and said that the police and investigating agencies should take utmost care while dealing with such cases. Habibullah's remarks came in response to a question about National Investigation Agency (NIA) filing a charge sheet in Mumbai on Wednesday against four...
06:06 PM, May 23, 2013
Kolkata: It has been a month since Sharada chit fund scam accused Sudipta Sen was arrested. The scam has driven at least eight people to suicide, lakhs of investors lost their life savings and hundreds of agents have fled their homes. An SIT to probe the case was announced and a Rs 500-crore package was announced. But one month on, questions are being raised about the pace of investigation and...
11:29 AM, May 23, 2013
Ahmedabad: The CBI has sought the help of Gujarat Police to trace a top police officer, who is an accused in the fake encounter case of Ishrat Jahan and three others. "We received correspondence from the CBI to help them trace Additional Director General of Police, CID (Crime and Railways) PP Pandey and accordingly local police and CID were ordered to help the central probe agency in locating him," Director...
07:42 PM, May 22, 2013
Mumbai: Maharashtra Chief Minister Prithviraj Chavan on Tuesday met Chinese Premier Li Keqiang in Mumbai and invited the neighbouring country's industrialists to invest in the state. "During the meeting, the Chinese Prime Minister evinced keen interest in investing in the infrastructure and pharmaceutical sectors in the state," an official spokesperson said after the meeting. Li sought information from Chavan on Maharashtra government's efforts to develop Mumbai as a global city,...
03:31 AM, May 22, 2013
New Delhi: Murdered teenager Aarushi Talwar's father Rajesh Talwar is being cross-examined in the Aarushi-Hemraj double murder case for the past two days. CNN-IBN has learned that Talwar has faced 411 questions already in two days. The Allahabad High Court on Tuesday rejected a plea filed by the Talwars' seeking to record the statements of 14 witnesses in the double murder case. The Supreme Court had earlier directed Rajesh and...
12:35 PM, May 21, 2013
Kolkata: Saradha Group director and close associate of Sudipta Sen, Debjani Mukherjee was on Monday remanded in judicial custody till May 31 by the Bidhanagar court. Mukherjee, who failed to present herself before the Bidhanagar Court a few days back due to ill health, was produced before the Additional Chief Judicial Magistrate (Bidhannagar), who remanded her to judicial custody till May 31. Yesterday Sudipta Sen, chairman and managing director of...
11:03 PM, May 20, 2013
New Delhi: The Corporate Affairs Ministry on Monday said it is examining the report of the government-appointed panel that probed Walmart's lobbying activities with US lawmakers to enter the Indian market. "We are examining the report," Corporate Affairs Minister Sachin Pilot said. The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, had submitted the report to Pilot on May 18. The Ministry would...
10:19 PM, May 20, 2013
Ghaziabad: Dentist Rajesh Talwar on Monday claimed in the court that he was asleep on the fateful night when his daughter Aarushi and domestic help Hemraj were murdered and internet activity recorded from his room might not be correct. Talwar's statement is being recorded under section 313 of CrPC where the judge poses questions directly to the accused to explain his version of the circumstances. So far Special CBI Judge...
03:40 PM, May 20, 2013
Chandigarh: A group of BJP activists on Monday held a demonstration outside the Central Bureau of Investigation office in Chandigarh protesting against alleged involvement of CBI DIG Mahesh Agarwal in deliberately delaying the raid at Pawan Kumar Bansal's nephew Vijay Singla's residence. Balbir Singh, a CBI inspector had filed a complaint in the Central Administrative Tribunal that the CBI DIG delayed the raid at Singla's residence, giving him time to...
12:53 PM, May 20, 2013
New Delhi: The Central Bureau of Investigation (CBI) is expected to file a petition in the Supreme Court on Monday against the investigating officer in the coal allocation scam, who was caught taking a bribe of Rs 15 lakh on Friday. The CBI Internal Intelligence Unit nabbed Vivek Dutt in an operation that was personally supervised by the agency's director Ranjit Sinha. However, CBI sources said the bribe was not...
10:56 AM, May 20, 2013
Kolkata: With the Mamata Banerjee government in West Bengal coming up with a draft textile policy to attract investment to revive the sector, leading industry lobbies have expressed hope that the policy roadmap would help the industry to grow significantly. States like Maharashtra and Gujarat unveiled their new textile policies in 2012 to woo investors. "A policy was necessary. It will surely help Bengal's textile sector grow rapidly. The roadmap...
04:54 AM, May 20, 2013
Guwahati: BJP will launch a week-long 'Jail Bharo' campaign protesting against alleged corrupt practices of the UPA government. The campaign would start on May 27 and continue till June 2 in all states, BJP vice president SS Ahluwalia told reporters in Guwahati on Sunday. The UPA government at the Centre had over the years been rocked by various scams losing the moral right to continue in office, he said. Various...
03:53 AM, May 20, 2013
New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January. During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore...
11:58 AM, May 19, 2013
New Delhi: A Delhi court on Saturday sent Vivek Dutt, a CBI officer heading the probe into the allocation of coal blocks, to the custody of the probe agency till May 21 for allegedly taking a bribe of Rs 7 lakh from a businessman for settling a land dispute. Central Bureau of Investigation (CBI) Special Judge VK Gupta sent Dutt, inspector Rajesh Karnatak, alleged middleman Rajesh Pachisia and businessman Dinesh...
04:41 AM, May 19, 2013
