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Rose Valley scam: Producer and Mamata Banerjee’s close aide Shrikant Mohta arrested by CBI

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Chief of Shree Venkatesh Films, Shrikant Mohta, has been arrested by the CBI in connection with the Rose Valley Chit Fund scam and will be produced before the Court tomorrow, ANI has reported. He is likely to be taken to Bhubaneshwar after he was arrested in Kolkata.


The Bengali Film Producer and Distributor was interrogated by the CBI at his offices earlier in the day. He was served a notice by the agency regarding “acceptance of money from Rose Valley”. According to reports, the private security guards of Mohta tried to stop the CBI team from arresting him. CBI was able to arrest Mohta with the help of local police later on.

Shrikant Mohta is close to West Bengal Chief Minister Mamata Banerjee. Several top leaders of the Trinamool Congress are named in the chit fund scam and facing investigation.

It is alleged that Mohta’s production house was paid Rs 25 crore by Rose Valley for producing 17 films.

Earlier Mohra was in the news for encroaching land of Calcutta Port Trust and building a studio on the land. The Calcutta High Court had ordered his firm to vacate the land after a petition by the port trust.

The investigation into chit fund scams has seen plenty of developments involving high-profile individuals recently. The Enforcement Directorate (ED), which is also investigating the matter, had interrogated Trinamool Congress MP Tapas Pal for nine hours on Monday, in relation to the case. ED had asked Pal and his wife to come for questioning. Pal was the director of the film division of the Rose Valley Group.

The CBI has also recently filed a chargesheet against Nalini Chidambaram, wife of former union minister and Congress leader P Chidambaram, in the Saradha chit fund scam.

The Rose Valley Chit Fund was actually a Ponzi scheme in which the entities affiliated to the group collected large sums of money from gullible investors promising them astronomical returns. The Company also allegedly made cross investments in its various sister firms to escape its liability towards its investors. An FIR was registered by the ED against its Chairman and others under the Prevention of Money Laundering Act in 2014. He was later arrested in 2015.

JNU sedition case: Delhi govt issues show cause notice to the bureaucrat who cleared JNU sedition case file

The Delhi government Principal Secretary AK Mendiratta has landed in trouble after he cleared the file relating to the JNU sedition case. He has been served a show-cause notice by Delhi Law Minister Kailash Gahlot for clearing the file relating to the 2016 JNU sedition case without the approval of the Law Ministry reports Republic TV. The ministry has also written to the Delhi High Court in this respect.

The notice refers to Rule 13 of the transaction of business rules which states that no decision or views can be communicated by any principal secretary without the approval of the minister in charge. The Delhi government had received the charge sheet on January 14 but no action was taken on it.

The 1200 page charge sheet prepared by the Delhi police with painful efforts over 3 years was rejected by the Patiala House Court on January 19 when it was presented before it. The court had asked the Delhi police to get the charge sheet sanctioned by the Delhi government. The Delhi police had revealed before the court that the AAP-led Delhi government did not respond to the charge sheet after it was received by the government.

The charge sheet contains the names of former JNUSU president Kanhaiya Kumar, Umar Khalid, Anirban Bhattacharya, Umar Gul, Basharat Ali, Raes Rasool and Khalid Bhat along with Shehla Rashid and the CPI national secretary D Raja’s daughter Aparajita Raja for allegedly shouting anti-national slogans at the Jawaharlal Nehru University (JNU) in New Delhi in 2016.

The first request seeking the permission to commence prosecution in the JNU sedition case was submitted by the Delhi police in 2016. And the second request was submitted on Monday (January 21). The unexplained delay by the Delhi government in giving the sanction to the charge sheet is casting a shadow on the intention of the government.

Indian Navy commissions its third air base INS Kohassa in the Andaman and Nicobar islands

In a big boost to enhance maritime security and defend India’s security interest in the region, the Indian Navy is set to open its the third naval air base in the strategic Andaman and Nicobar islands.

According to reports, on Thursday, the Indian Navy has commissioned Naval Air Station (NAS) Shibpur as INS Kohassa making it the third Navy air facility in the Andaman and Nicobar islands to keep eyes on the important sea lanes of communication and strategic points. The Indian Navy will now deploy the INS Kohassa air base for surveillance of Chinese ships and submarines entering the Indian Ocean through the nearby Malacca Straits.


The commissioning of INS Kohassa, situated about 300 km (180 miles) north of the archipelago’s capital Port Blair, will have huge strategic implications for the country as Indian Navy can operate independently in its own air facility which opens up for more surveillance over Indian Ocean region from the Bay of Bengal to Malacca Straits. More than 1,20,000 ships pass through the Indian Ocean each year and nearly 70,000 of them pass through the Malacca Strait alone.

INS Kohassa draws its name from a large white-bellied sea eagle, a bird of prey endemic to the Andamans.

The NAS Shibpur was set up as a Forward Operating Air Base (FOAB) for surveillance in North Andaman and will be renamed as INS Kohassa. Located in the northernmost part of the islands, the airfield holds strategic importance not only for the security of the islands but also for its overall development.

“The facility, the third in the islands, will have a 1,000-metre runway for helicopters and Dornier surveillance aircraft. But eventually, the plan is for the runway to be extended to 3,000 metres to support fighter aircraft and longer-range reconnaissance aircraft,” said navy spokesman Captain D.K. Sharma.

INS Kohassa will become the third Naval Air Base in the region after INS Utkrosh at Port Blair at Veer Savarkar International Airport and INS Baaz at Campbell Bay, while Indian Airforce has an independent air base at Car Nicobar known as Car Nicobar AFS. The Naval air station will also function as a base for joint operation of both military and civil aircraft to implement UDAN scheme of the government.

Strengthening Naval power in the Indian Ocean Region has been a key focus of India after the Modi government came to power.

Production delays by HAL impacting country’s air combat capabilities, IAF informs Govt

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The Indian Air Force has told the Central government that production delays on the part of Hindustan Aeronautics Limited (HAL) have seriously impacted the country’s air combat strength, Economics Times has reported. The IAF is particularly concerned with the upgrades to the Mirage 2000 and Jaguar fighter fleets.

The IAF asserted that HAL has not been able to meet delivery schedules pointing to the two to six year delays. It said that it expects the upgraded aircraft to be available only by 2024 now. It was mentioned that as per schedule, 21 upgraded Mirage 2000 jets should have delivered but HAL had managed to deliver only 6 after three production delays.

Related Reading: PAC report slams HAL for delay in projects

The Indian Express has reported that in the next two years, the IAF will be left with only 26 fighter squadrons against the authorization of 42 even if all the scheduled supplies, including the Rafale, are delivered on time. China, in contrast, has 42 and Pakistan has 25.

The number is projected to rise to 30 by 2027 with four more squadrons of LCA Tejas. The contract for these, however, has not been signed yet between the IAF and HAL. However, at current projections, the number of squadrons is expected to fall to 21 by 2037 and 19 by 2042.

Related Reading: HAL falling short in production of Sukhois despite production concessions by Air Force

Moreover, as per Business Standard, HAL is set to outsource production of the indigenously-manufactured Advance Light Helicopter(ALH). Chandrakar Bharti, Joint Secretary, Department of Defence Production is reported to have said that a proposal to select an Indian private company for complete transfer of technology will be made soon.

Recently, a Public Accounts Committee (PAC) of the Parliament led by senior Congress leader Mallikarjuna Kharge had heavily criticised HAL for the production delays. The PAC report had noted that due to delay in induction of new aircraft, IAF was forced to upgrade its existing fighter planes, the total cost for which is more than ₹20,000 crore. Now it is really a matter of concern those upgrades are also getting delayed.

MUDRA Yojana: The elixir for the MSME sector which is fuelling job growth

What started with a clarion call from the Prime Minister to understand the ‘energy’ of nation’s entrepreneurial workforce, MUDRA Yojana has ever since been promoting small businesses and fuelling job growth.

Government’s flagship scheme Pradhan Mantri MUDRA Yojana was launched in 2015 and is being perceived as an elixir for the MSME sector, accounting for 90% of total number of enterprises and also 90% of non-agriculture employment whose growth had been hindered due to constraints in access to finance. The scheme provides non-farm loans up to Rs 10 lakh to small entrepreneurs. Considering the latest survey results, around 11 crore people are dependent on self-enterprise or in the MSME space, further underscores the need for financial push and support.

However, skeptics have been, from the very beginning, doubting the efficacy of the scheme and its impact on rising NPAs owing collateral free nature of the loans extended. The recent report on MUDRA loans leading to NPAs up to Rs 11,000 crore, however, needs to be looked from a broader perspective.

Since inception, a total of Rs 7,17,842.16 crore have been disbursed as loans under MUDRA (as per official website). Now considering Rs 11,000 crore NPAs under MUDRA, which is just 1.5 % of the total disbursed amount, a minuscule percentage when compared to the NPA burden from lending to large companies. Also, According to the 2017-18 annual report of PMMY, while gross non-performing assets (NPA) across all sectors in the country crossed 10% in fiscal 2017-18, the NPA level under PMMY was only 5.38% as on March 31, 2018. It would be unjustified and short-sighted to dub the scheme as a failure and tightening its noose and scuttling growth of microenterprises.

Considering RBI report released last year in March, there were 4,387 large borrowers accounting for Rs 8.6 Lakh crore or 90% of NPAs of the banking sector. The entire amount lent under MUDRA is less than that! Touting MUDRA a failure on those accounts is loosely interpreted.

A large number of risk portfolios may be directly interpreted as a higher risk of loans going bad. However, it is important to understand that it is the overall value of money under risk is what is of primary concern to the banking sector.

The scheme has a huge potential of job generation and has been a key instrument for creating livelihoods and jobs for the lowest socio-economic segments of our society today. Not only empowering the loan seeker, but job seekers are also turned into job creators by leading a multiplier impact on the market. As per our research, for every loan disbursed under MUDRA about 1.3 jobs have been generated. On the other hand, huge loans given to large industries employing fully mechanized production methods have less focus on employment. This makes MUDRA an imperative tool for leveraging our demographic dividend and generating employment. A cost-benefit analysis of NPA rise with the huge socio-economic ramifications of unemployment and funding constraints to the MSME sector has to be carried out to take a vantage view of the situation.

Besides, MUDRA is instrumental in weaning small borrowers from private money lenders, lending money at usurious rates. Bringing the unorganized sector under the net and enabling financial flows has been the championing cause of the scheme.

Reports also indicate that even as today up to 40% of MSME funding is through informal channels. However, the sector is moving towards formalization through measures such as demonetization, introduction of GST and digital platform under India Stack along with easy and transparent lending terms under MUDRA. Certain measures such as conducting due diligence on the business plan in absence of collaterals would help in checking small loans going bad. A certain amount of mentorship while extending loans is also important to ensure its viability.

There an element of risk in every lending, but in case of MUDRA, the risk is much lower. It is RBI’s role to caution any emerging trend but a knee-jerk policy reaction is not called for without a valid cost-benefit analysis and a broader perspective.

(This article is written by Vidushi Sahani)

Telangana: After ‘EVM hacking’ fiasco, Congress stoops to a new low, uses derogatory poster to target EC

The Congress party in Telangana is drawing severe flak after they displayed an objectionable poster attempting to mock the election commission of India and its officials. According to reports, the poster has drawn serious criticism because not only it hurts the religious sentiments of Hindus but attempts to portray the election commission in a derogatory manner.

Congress’ controversial poster , Courtesy: Times Now

The poster depicts Telangana CM K Chandrasekhar Rao and AIMIM chief Asaduddin Owaisi as the Kauravas who are laughing while the Democracy depicted as Draupadi is being assaulted in the ‘Cheer Haran’ episode of Hindu Epic Mahabharata by the officials of the Election Commission. The Election Commission itself has been depicted as the blind and aloof Dhritarashtra.

The poster was reportedly used for call-to protest campaigns. The poster urged Congress workers and supporters to gather in protest at Dharna Chowk near Indira Park in Hyderabad today.

The BJP Telangana unit has stated that the poster by Congress is an insult to Hindus and women. They have also demanded an apology from the Congress party for the poster.

AIMIM Chief Asaduddin Owaisi, speaking to the media, has also slammed the party for the insulting imagery and stated that how would they feel if their “Sri Sri 50-year-old Rahul Gandhi” or his sister Priyanka Gandhi are depicted in such a manner. He added further that Congress faced a shameful defeat in the Telangana assembly elections and has resorted to such cartoons.


Congress party has recently suffered a national humiliation after a self-proclaimed ‘hacker’ claimed that he has helped rig the EVMs used in 2014 elections. Both party President Rahul Gandhi and senior leaders had peddled the propaganda. Later, images of senior Congress leader Kapil Sibal being present in the presser of the ‘Hacker’ were released and many questions on the so-called hacker’s claims were raised too. The ECIL also clarified that the concerned ‘hacker’ was never associated with them. The hackers’ claims were all refuted by both media and independent experts.

Congress leaders are known to cry ‘EVM hacking’ excuses whenever they lose an election and their recent stunt in Telangana is also being seen as a similar plea. But this time, the party seems to have created a nasty controversy by using derogatory imagery in its poster.

In the recently concluded assembly elections that were held in 5 states, Congress leaders, despite leading in 3 states, had started complaining about rigged EVMs when the numbers in Telangana started going against them.

Madhya Pradesh Congress government opposes arrest of Pro-Congress troll by Delhi Police

The Congress government in Maharashtra has objected to the arrest of pro-Congress troll Abhishek Mishra and has reportedly written to the Delhi Police Commissioner.


Madhya Pradesh Home minister Bala Bachchan said, “If any MP citizen is arrested, the local police is required to be informed.”

“The MP government registered an objection in its letter to Delhi Police Commissioner Wednesday. The state’s Home Department has described the action of Delhi Police as a violation of the Supreme Court directives,” an official from the state public relations team is reported to have said.

In the letter, it was claimed that necessary procedures were not followed during the arrest. The local police were not informed and neither was his family informed of the matter, it was alleged. The Home Department also demanded that action be taken against the concerned officer.

As we had reported earlier, Mishra was arrested by Delhi Police for offensive posts which hurt religious sentiments. He was arrested on Tuesday night by special cyber cell of the Delhi Police from his home in Madhya Pradesh. According to Delhi Police more than 10 laptops have been recovered from him.

Mishra also runs a website ‘viralinIndia.net’ where he spreads pro-Islamist propaganda and fake news. The website not only posts anti-Modi and pro-Islam propaganda but also absolute rubbish, like a post on how one hen gave birth to puppies in Bihar. Over and above that, there are many sexually explicit articles with clickbait-y headlines perhaps to get traffic to the website.

During the run-up to the Madhya Pradesh Assembly elections, Mishra had ‘temporarily shut down‘ viralinIndia.net as the team was busy ‘covering elections’.

Supreme Court refuses to stay amendment passed by government in the SC/ST Act

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A Supreme Court bench headed by Justice AK Sikri has refused to stay the Schedule Caste and Scheduled Tribes (Prevention of Atrocities) Amendment Act, 2018, passed by Central Government. By the Amendments, the government had inserted section 18(A) in the SC/ST act, in order to reverse the Apex Court’s March 2018 verdict diluting the Act citing its rampant misuse.

The Supreme Court bench observed that plea challenging its March 2018 verdict and plea challenging the Amendment Act, must be heard together and said that “No interim order can be passed in these matters”. The pleas against the Amendment Act, 2018 were filed by Senior advocate Vikas Singh and advocate Gopal Sankaranarayana, who alleged that Parliament had “arbitrally” decided to amend the law, without any regards to its misuse.

Attorney General K K Venugopal, representing the central government, also said that the court should first hear the review petition filed by the government against the Supreme Court order diluting the act before any new petition is taken up in the matter.

In March 2018, the Supreme Court while passing the verdict in the Dr Subhash Kashinath Mahajan vs The State Of Maharashtra case had ruled that additional safeguards must be provided to civil servants before arresting them in a complaint registered under Scheduled Castes and Tribes (Prevention of Atrocities), 1989. It had said that the approval of an appointing authority, a non-public servant and an S.S.P is required for arresting a public servant under the act. The safeguards were added to avoid misuse of the act against public servants.

This had raised concerns among the SC/ST community. They had also felt that the judgement would dilute the provisions of the act which protect the community from atrocities. This had given birth to widespread pandemonium in the country.

Following this, the Modi government had filed a review petition in the Supreme Court against this ruling which contended that the order will weaken the provision of this act, which could result in more violence against Dalits.

Not only this, but the government had also tabled an amendment in parliament, to neutralize the dilutions imposed by the court. It nullified need of conduct of a preliminary enquiry before registration of an FIR, or to seek approval of any authority prior to arrest of an accused, and to restore the provisions of Section 18 of the Act. It also denied the alleged person right to go for Anticipatory Bail.  The Amdnement was passed in Lok Sabha on 6th August 2018. In Rajya Sabha too the act was passed subsequently.

The bench now had escalated the matter to Chief Justice Ranjan Gogoi, to ascertain whether the review petitions and the plea against amendments, are to be heard or not.

Terrorist turned decorated soldier Lance Naik Nazir Wani to receive Ashoka Chakra

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Lance Naik Nazir Wani, who made supreme sacrifice for the country fighting the terrorists in Shopian last year, will be conferred with India’s highest peacetime gallantry award-Ashoka Chakra, posthumously.


According to the press release from the President’s Secretariat, “Lance Naik Nazir Ahmad Wani displayed extraordinary valour in eliminating two terrorists and assisting in the evacuation of his wounded colleagues and made supreme sacrifice in the highest traditions of the Indian Army.”

Lance Naik Nazir Wani was once a militant himself, but he soon realised the futility of the insurgency. He then joined the Indian counter-insurgency forces in 2004 to fight terrorism in Kashmir and was soon regarded as a legend in the fauji circles.

He belonged to Jammu and Kashmir Light Infantry Regiment and was a part of 34 Rashtriya Rifles at the time of his martyrdom. He is survived by his wife and two children.

In 2007, he had received the Sena Medal for gallantry and had also received a bar to the Sena Medal in August last year. On Monday, his body was taken to his village, draped in the Tricolour. Lance Naik Wani was given a 21 gun salute.

The tragic death of Homi Bhabha and the trend of top Indian scientists dying under mysterious circumstances

Homi Jehangir Bhabha, often referred to as the “Father of the Indian Nuclear Programme”, is certainly one of the greatest minds to have ever been born in the sacred land of India. He was the founding director of the Atomic Energy Establishment, Trombay (AEET) which has now been renamed as the Bhabha Atomic Research Centre in his honour.

On the 24th of January, 53 years ago, the great man met a tragic end when Air India Flight 101 crashed near Mont Blanc while he was travelling to Vienna for a conference. Many believe that the crash wasn’t an accident but premeditated assassination carried out by American intelligence agencies to thwart India’s nuclear programme.

Such conspiracy theories received a major boost when an alleged conversation between journalist Gregory Douglas and a top CIA operative Robert T. Crowley was made public by a news media called TBRNews.org in a book titled ‘Conversations with the Crow’. The transcript of the conversation hinted at a CIA role in the ‘accident’.

The CIA officer was quoted as saying: “We had trouble, you know, with India back in the 60’s when they got uppity and started work on an atomic bomb…the thing is, they were getting in bed with the Russians.” Referring to Bhabha, he said, “that one was dangerous, believe me. He had an unfortunate accident. He was flying to Vienna to stir up more trouble when his Boeing 707 had a bomb go off in the cargo hold.”

The cryptic manner of Crowley’s statement stirred quite a conversation. It is evident that he was talking in innuendos. If a bomb went off in the flight, then it certainly could not have been an ‘unfortunate accident’.

There’s a history, however, of top Indian scientists suffering a similar fate. There was the incident of former ISRO Scientist Dr Nambi Narayanan who was wrongfully arrested and tortured after being falsely accused in the 1994 ISRO spy case. Recently, the Supreme Court awarded him compensation for Rs 50 lakhs for all the hardship that he had to endure.

Nambi Narayanan was a scientist in ISRO and headed the cryogenics division. In November 1994, Narayanan was arrested by the Kerala police after allegations of espionage under the sections 3,4 and 5 of the Official Secrets Act. After his arrest, he was remanded in police custody for a period of 50 days during which he was reportedly harassed and tortured by officials of Kerala police and the Indian intelligence bureau. However, after an investigation by the CBI, the allegations on him were found to be false and in 1998, the Supreme Court upheld the findings by the CBI.

Incidentally, Dr Narayanan is one of the pioneers of liquid rocket fuel technology in India. The initial research of his time was also used in India’s moon mission.

Then, there was the mysterious death of Vikram Sarabhai, the father of India’s space programme. He was found dead in his hotel room on the 30th of December, 1971, at the Halcyon Castle at Kovalam. He had shown no signs of illness the previous evening when he was meeting scientists and holding a discussion. The next morning, however, he was dead.

Dr Narayanan certainly appears to be of the opinion that international powers were involved in Sarabhai’s death. He wrote in his biography, “The challenges and questions raised by his death are many. If he was eliminated, it is likely there was an international conspiracy behind it. Or else, how did such a scientific talent like him die in such an unnatural manner?’’

Narayanan, who had worked closely with Sarabhai during his time as a junior scientist at ISRO, dedicates an entire chapter to him in his biography. “A man who had never smoked in his life, a teetotaler,’’ he wrote. “Then how was he led to such a death? Why was the cremation performed without even an autopsy despite the fact the dead man was such a great scientist? All these remained questions.”

He also cited Crowley’s conversation which we have mentioned above. “In it, Crowley is quoted as saying that the Indian victory in the 1965 India-Pakistan war made America uncomfortable and that it viewed with concern the emergence of India as a nuclear power. The book says India’s nuclear dreams were wiped out over Mont Blanc without leaving even a trace of evidence. Read together with it, Sarabhai’s death and the (ISRO) spy case will leave us uncomfortable,’’ he asserted.

Unfortunately, there appears to be a trend of top Indian scientists ending up as victims of a tragic fate. Between 2009-13, 11 Indian nuclear scientists died unnatural deaths. The frequency was so high that the Bombay High Court in 2017 asked the Central government to take care of scientists.

In November 2013, Vice reported that two high-ranking engineers, KK Josh and Abhish Shivam, working on India’s first nuclear-powered submarine were found dead on railway tracks by workers. They were clearly not hit by a running train as no marks were found on their bodies. It was widely speculated that they were poisoned elsewhere and left on the tracks to make it look like an accident or a suicide.

In 2009, there was the suspicious death of nuclear scientist Lokanathan Mahalingam. The 48-year old went missing from his morning walk only for his body to be recovered five days later at the Kali river. Only a few weeks earlier, another scientist who worked at the Nuclear Power Corporation, was found dead in the same forest.

It’s not just our nuclear scientists who appear to be dying under mysterious circumstances. In a 15-year period, the ISRO lost 684 personnel.

The greater concern appears to be the fact that a lot of these mysterious deaths are simply clubbed as ‘unexplained’ or ‘suicides’ without proper investigation. Replying to a question on the matter, the government said in 2017 that 71 suicides were reported between 1995 and 2015 and 2 murders. The problem is we cannot be sure of the authenticity of the classification as they have repeatedly questioned by relatives and others due to the mysterious nature of the circumstances and allegations of an improper investigation by the Police.

In October 2013, The Sunday Guardian reported on the lack of attention paid by the then UPA government at the Centre to the mysterious deaths of India’s top scientists. In an article titled ‘PMO unconcerned about scientist deaths’, the author wrote, “What is surprising is the inattention of the Government of India towards what many believe to be a systematic outside effort to slow down India’s march towards nuclear excellence by killing those involved in the process.” The author also mentions that the deaths of Josh and Shivam were dismissed by the Ministry of Defence as well as the media as a routine incident despite the circumstances.

In any other country, the 11 unnatural deaths between 2009-13 would have created a storm in the media. However, with the media firmly in the pockets of the establishment, it hardly created even a flutter. Iran, for instance, executed a man over the deaths of 4 scientists between 2010 and 2012 after claiming that it was a series of assassinations aimed at sabotaging its nuclear energy program. Iran has often accused the United States and Israel of such assassinations.

The lives of a great many top Indian scientists certainly appears to have come to an end under very suspicious situations. Or in the case of scientists like Dr Narayanan, their names were dragged through the mud and careers ended. Although there’s no clear cut evidence to suggest an international conspiracy, there never is in such circumstances, Dr Narayanan may well be true in his assessment considering the trend that has emerged.