The Supreme Court on Wednesday refused to hear a plea seeking a first information report (FIR) against high court judge Yashwant Varma in connection with the discovery of cash from this official residence in the capital.
The Supreme Court collegium has initiated an initial inquiry against Delhi High Court judge Justice Yashwant Varma following the alleged discovery of a large stash of cash at his official residence during a fire incident. The collegium has also reportedly recommended Justice Varma's transfer to his parent high court, the Allahabad High Court. The inquiry will involve seeking a report from the Chief Justice of the Delhi High Court on the incident. The controversy surrounding the alleged discovery of cash was first reported by The Times of India. Justice Varma's proposed transfer is subject to the Centre's approval. The amount of cash found is not yet known. Justice Varma, currently heading a division bench dealing with sales tax, GST, company appeals and other appeals, did not hold court on Friday. Delhi High Court Chief Justice D K Upadhyaya expressed shock over the incident. The collegium reportedly received information about the cash discovery from government officials. Some collegium members have called for stricter action against Justice Varma, including seeking his resignation or launching an in-house inquiry. The Supreme Court has an in-house inquiry mechanism to deal with allegations against judges, which involves forming a committee to investigate and, based on the report, take further action. A judge of a constitutional court can only be removed through impeachment by Parliament.
Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday underlined the government's resolve to take all political parties on board in moving an impeachment motion against Justice Yashwant Varma, saying corruption in the judiciary cannot be approached through a 'political prism'.
Vice President Jagdeep Dhankhar has questioned the lack of an FIR in the case involving the discovery of burnt cash at a Delhi High Court judge's residence, raising concerns about potential immunity from prosecution for certain individuals. He criticized the delay in investigation and the in-house probe by a three-judge panel, highlighting the importance of transparency and the rule of law in addressing such a significant incident.
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Seventeen years after the cash-at-judge's door case rocked the judiciary, a special Central Bureau of Investigation court in Chandigarh on Saturday acquitted former Punjab and Haryana high court judge Nirmal Yadav and four others in the matter.
The Reserve Bank of India (RBI) on Tuesday announced a fresh round of liquidity measures through open-market operations (OMOs) and a foreign exchange buy-sell swap, under which it will inject close to Rs 3 trillion into the banking system. The central bank said it would purchase Government of India securities worth Rs 2 trillion through OMOs, spread across four tranches of Rs 50,000 crore each to be conducted on December 29, January 5, January 12 and January 22.
Outgoing Chief Justice of India BR Gavai defends the Supreme Court's verdict on governors' powers, emphasizing the principle of separation of powers and judicial independence.
A three-member panel led by the Chief Justice of India (CJI) Sanjiv Khanna has been formed to probe the discovery of "four to five semi-burnt sacks" of Indian currency notes found after a fire at the residence of Delhi High Court judge Yashwant Varma. The incident, which occurred on March 14, has triggered an in-house inquiry, with the findings determining the judge's fate. The panel, consisting of Chief Justices Sheel Nagu (Punjab and Haryana), G S Sandhawalia (Himachal Pradesh), and Karnataka High Court judge Anu Sivaraman, will conduct a "deeper probe" into the allegations. Justice Varma has denied any knowledge of the cash being stored in the storeroom. The inquiry follows the Delhi High Court Chief Justice Devendra Kumar Upadhyaya's report that recommended a deeper investigation. The top court's 2014 guidelines for in-house procedures for probing allegations against judges will be followed during the inquiry. The panel's findings could lead to either the removal of the judge, if the misconduct is deemed serious, or a reprimand. The inquiry will also determine if the fire was indeed a short-circuit as initially reported.
'If the parliamentary committee's report does not find substantiated charges, the process ends.'
Murders disguised as accidents. In one horrifying case, a man insured his father, mother, and wife -- then allegedly killed them all. He claimed Rs 54 crore in insurance.
Some of his directives had the Supreme Court judges disclose their assets whereas the row over the discovery of cash from a sitting judge's official residence paved way for inquiry.
Parliamentary Affairs Minister Kiren Rijiju says all political parties support the impeachment of Justice Yashwant Varma after burnt currency notes were found at his residence.
India's largest IT services company TCS believes that generative artificial intelligence (AI) is not just another tech cycle but a "civilisational shift" which will positively benefit every industry.
The new proposal comes close on the heels of six measures introduced by Sebi to curb frenzy in index derivatives.
Fourth-term Bharatiya Janata Party MP Nishikant Dubey, one of the more vocal party members in the Lok Sabha, launched a broadside against the Supreme Court on Saturday, saying Parliament and state assemblies should be closed down if the apex court has to make the laws.
'Illegal gambling operators are systematically exploiting India's advertising and payment infrastructure, siphoning off crores of rupees from outside the country.'
The Allahabad High Court Bar Association has opposed the transfer of Delhi High Court sitting judge Justice Yashwant Varma, from whose official home a huge stash of cash was reportedly discovered. The association said that the Supreme Court's decision to transfer Justice Varma back to the Allahabad High Court was "taken aback".
Bill Aitken came to India nearly 60 years ago. He never returned. An Indian citizen since 1972, he tells Rediff.com's Archana Masih how India changed his life forever.
After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.
Gupta was arrested in Prague, the Czech Republic on June 30, 2023 and is being held there currently. The US government is seeking his extradition to America.
While Satya's pleasures are palpable -- among them the poetry of the coarse language, the mercifully rough-hewn texture, the oh-so-familiar underdog story -- these pleasures hit you at a completely different speed. The movie is charged with a sense of discovery, and every shot is a cornucopia of details existing independent of the main story. It's touching, notes Sreehari Nair.
Namrata Thakker picks her 10 favourite Leo movies.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
Discovery Channel will soon telecast an inspiring program on people who have overcome physical handicaps.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'
A host of conspiracy theories followed, involving Indira Gandhi, her younger son Sanjay, his favourite small car project, secret funding of the Bangladesh Mukti Bahini and even the Central Intelligence Agency of the United States.
British extremists with links to the Islamic State are offering cash payments to teenagers in the United Kingdom to travel to join terrorists and fight for the militant group that has seized swathes of land in Iraq and Syria.
The Securities and Exchange Board of India (Sebi) is contemplating the implementation of a same-day settlement cycle, known as T+0, in two phases. This is seen as a preliminary step towards instantaneous settlement. The shorter T+0 settlement cycle is being considered for the equity cash segment as an optional mechanism, in addition to the current T+1 (Trade plus one day) cycle.
The reasons are too private to be discussed at a round table, listed out during a seminar, or uncovered in an academic course. A proud but insomniac connoisseur murmuring in his sleep may do a better job of explaining the phenomenon than an expert on a podium. Sreehari Nair airs his thoughts.
The probe, being conducted under various sections of the Prevention of Money Laundering Act, is against the Kallal Group and the UK-based Lyca group and its Indian companies Lyca Productions and Lyca Hotels, it said.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
The Securities and Exchange Board of India's (Sebi's) board on Wednesday allowed foreign portfolio investors (FPIs) to trade in exchange-traded commodity derivatives. The move, it said, "will enhance liquidity and market depth, as well as promote efficient price discovery." Overseas investors will only be allowed to deal in non-agricultural commodity derivatives and only cash-settled contracts.
'However, to establish a quid pro quo, one can potentially see several things, like whether they got any benefits from the party that they gave money to. That is something that people (of India) will gauge. But to finally establish that there was money paid as consideration, it would require an investigation, a proper investigation, to be able to come up with such conclusions.'
With an endless number of star kid debuts in the offing, we thought of looking at how this decade's brigade compares to their mums, dads, uncles or siblings.
Their discoveries pave the way for promising new strategies to fight anemia, cancer and several other diseases.
The quantum of punishment will be pronounced by the special NIA court on Monday, a spokesperson of the federal agency said.
