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 kind of situation we are seeing...we don't believe that this can happen in a settled democracy like India'
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.
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.
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'.
"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.
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
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
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.
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.
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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.
'My two daughters are in Canada and I am tensed. They have gone there to study. Governments of both countries should find a solution'
Kharge was part of a three-member panel headed by Modi that had selected Verma last year to head the CBI.
While the Congress is in power in Rajasthan and Chhattisgarh, Madhya Pradesh is ruled by the Bharatiya Janata Party, Telangana by the Bharat Rashtra Samithi and Mizoram by the Mizo National Front.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
Rapid rise in disposal of corruption cases against govt employees has helped
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.
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.
'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.'
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.
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.
Abdullah issued a white paper on development undertaken in Jammu and Kashmir during the rule of "Abdullah and Sons" -- as Shah referred the family in his speech at a rally in Baramulla district -- to counter the allegations of corruption.
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.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Decision-making has to be much quicker, the finance minister said.
A bench comprising CJI and Justice Sanjiv Khanna was hearing a PIL filed by NGO Common Cause challenging the appointment of Rao as interim CBI director.
The Central Vigilance Committee has sought loan data from United Bank
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal.
Breaking his silence, the ousted CBI chief said that he was transferred on the basis of allegations made by only one person, who was inimical to him.
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.
The bench said the petition has relied on a March 2 verdict of the apex court which had ruled that the appointment of the Chief Election Commissioner and ECs will be done by the President on the recommendation of a committee, comprising the prime minister, Leader of the Opposition in Lok Sabha and the CJI, to maintain the "purity of election".
The Supreme Court on Tuesday said Narayanaswami Srinivasan's son-in-law Gurunath Meiyappan's role in the Indian Premier League betting and spot-fixing scandal seems like "insider trading" and agreed to hear a plea to make public the names of cricketers who were mentioned in the Justice Mudgal Committee report.
There appears to be a surprising reaction from the Supreme Court on the actions, activities and decisions of the Narendra Modi government.
The agency opposed Asthana's plea seeking quashing of the FIR and said a roving inquiry at this stage was not permissible.
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