This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.
The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.
Anil Kumar Sinha, a 1979-batch Indian Police Service officer, on Wednesday took over the reins of the Central Bureau of Investigation at a time when the agency is facing criticism from courts over its handling of probe in coal allocation and 2G scams.
She called on all "progressive forces" to join hands to fight the "oppressive BJP regime".
'There is corruption at various levels'.
The assertion comes in the wake of the Supreme Court directing the SBI to submit the details of the electoral bonds purchased since April 12, 2019 to the EC.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Since the CJI was a part of the bench and author of the Tuesday's verdict which reinstated Verma as the CBI Director, he opted himself out of the panel's meeting which was ordered to be convened within a week.
The CVC had asked the CBI to probe the 'irregularities in the tendering process and award of contract and undue benefit caused to the SAP/IBM'.
He has been removed from the high-profile post on the charges of corruption and dereliction of duty making him the first chief in the history of the agency to face such action.
He was permanently absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Games, the money laundering cases against former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh chief minister Y S Jagan Mohan Reddy and former Jharkhand chief minister Madhu Koda, the Aircel Maxis and VVIP choppers case.
The hearing assumes significance as Verma, who has a running feud with Special CBI Director Rakesh Asthana, has been appearing before the three-member CVC headed by K V Chowdary and is understood to have given point-wise refusal to all the allegations levelled against him by his deputy.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
Facing accusations of policy paralysis, Prime Minister Manmohan Singh on Friday admitted that growth rate had slowed down because clearances were not granted to infrastructure projects for the fear of Comptroller and Auditor General and Central Vigilance Commission.
Chief Minister Omar Abdullah on Saturday said he was not going to dilute the status of Jammu and Kashmir by "automatically implementing" all central acts and amendments.
The CISF, tasked with providing security at airports, has also ordered a court of inquiry into the incident.
Besides PESB selected chairman designate B Ashok (currently Executive Director retail sales in IOC) having no board experience, the case for extending Butola's service is more compelling because all the other six directors on board of the nation's largest oil firm are retiring in next one year.
The much-delayed Lokpal Bill has finally been passed by both the Houses of Parliament. Following are some important features of the Lokpal and Lokayuktas Bill, 2011, passed by Parliament
In a letter sent to Verma Wednesday, the MHA said, "You are directed to join the post of DG, Fire Services, Civil Defence & Home Guards immediately" which was seen as rejection of his letter
Delhi's Lieutenant Governor V K Saxena on Monday sent a legal notice to Aam Aadmi Party leaders, accusing them of levelling 'false and derogatory' allegations against him, days after they claimed he was involved in a Rs 1,400-crore 'scam' during his tenure as the Khadi and Village Industries Commission (KVIC) chairman.
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Officers of the rank of Joint Secretaries will also be covered under a key directive to the Central Bureau of Investigation, Central Vigilance Commission and other departments in probing corruption with the government rectifying an error 20 months after it crept into an office order.
Senior IPS officer Archana Ramasundaram on Thursday took over as the Central Bureau of Investigation's first woman Additional Director but was suspended by Tamil Nadu government late in the night for allegedly not following rules before joining the central probe agency.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'
Kharge was part of a three-member panel headed by Modi that had selected Verma last year to head the CBI.
Rapid rise in disposal of corruption cases against govt employees has helped
The Centre has told the Supreme Court that West Bengal's power to withhold consent to the Central Bureau of Investigation is not absolute and the probe agency is entitled to carry out investigations that are being carried out against Central government employees or have a pan-India impact.
This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
In the absence of any clear definition of 'major policy' decisions, the grey area exists as to what extent Verma's powers will be limited.
Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.
'The selection process of the CBI chief has not been appropriate.' 'Three successive CBI directors have been found in corrupt moral practices.' 'A thorough investigation needs to be done before appointing anyone to such a post.'
'If, as happened in Baramulla during the 2024 Lok Sabha election, the youth in the Valley get triggered enough to jump into the wider fray, the end result would be difficult to predict, especially as the state's post-August 5, 2019 political format remains substantially fragmented and foggy,' points out Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
The bench made clear that it will not shift the schedule date of hearing and asked him to file his response 'as quickly as possible' during the day by 4 pm itself to enable it to peruse the reply.
There has been a quantum jump in the number of complaints of corruption received by the Central Vigilance Commission last year as against those in 2011.
The alleged meetings of former Director of CBI Ranjit Kumar Sinha with the accused in coalgate and 2G cases were'inappropriate', said SC.
Decision-making has to be much quicker, the finance minister said.
The Central Vigilance Committee has sought loan data from United Bank
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
