Regulations
CBI files revised final closure report in case against Kumar Mangalam Birla

The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the coal scam case

 

The Central Bureau of Investigation (CBI) on Tuesday filed a “detailed and comprehensive” revised final closure report before a special court in a coal block allocation scam case involving top industrialist Kumar Mangalam Birla, former coal secretary PC Parakh and others.

 

The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the case.

 

“Investigating Officer (IO) DSP KL Moses has filed a revised final report, which is stated to be detailed and comprehensive....the final report is also in the nature of a closure report. Special Public Prosecutor RS Cheema seeks some time to advance arguments...Put up for 10th November,” the judge said.

 

During the hearing, the investigating officer told the court that as directed earlier, that they are filing all the documents related to the case before the court.

 

CBI also filed certain additional documents which were seized during the investigation before the court.

 

During the hearing, the judge asked CBI that if he will take cognisance of the final report filed by the agency, then how it will provide the list of witnesses and documents to the court.

 

Responding to this, Cheema said, “Now we are taking precaution” and the agency will see that each and every document is filed in the court.

 

Cheema also told the court that the final revised closure report filed today deals with everything collected by the agency during the investigation.

 

On 12th September, the court had asked CBI as to what was the hurry in closing the case in which first information report (FIR) was registered against Birla, Parakh and others. CBI had on 28th August filed a closure report in the case.

 

The FIR against Birla, Parakh and others was registered in October last year by CBI which had alleged that Parakh had reversed his decision to reject coal block allocation to Hindalco within months “without any valid basis or change in circumstances” and shown “undue favours”.

 

The FIR relates to allocation of Talabira II and III coal blocks in 2005.

 

CBI had booked Birla, Parakh and other officials of Hindalco under various IPC sections, including criminal conspiracy and criminal misconduct on the part of government officials.

 

In its FIR, the agency had alleged that during the 25th Screening Committee meeting, chaired by Parakh, applications of Hindalco and Indal Industries were rejected for mining in Talabira II and III “citing valid reasons”.

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Steady growth in hiring is positive for consumer discretionary demand

Once investment activity picks up on the back of proactive steps taken by the government, we think hiring activity in the manufacturing sector should also follow suit, says Nomura in a research note

 

Naukri.com's Job Speak Index rose by a strong 18% year-on-year in August 2014 following three months of 20% plus growth, indicating steady growth in the job openings in India. This is according to a research note from Nomura and the trends are plotted in the chart below:

 

The underlying data show that the pick-up in hiring was mainly concentrated in the service sector, especially in IT services, BPO, banking and telecom industries. In contrast, hiring was tepid in the manufacturing sector, especially in construction, capital goods and oil & gas industries.

 

According to Nomura, steady growth in hiring activity looks positive for consumer discretionary demand, which will also be supported by lower inflation and higher consumer confidence.

 

The research note concludes by saying, “Once investment activity picks up on the back of proactive steps taken by the government, we think hiring activity in the manufacturing sector should also follow suit.”

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Rajnath says possibility of terror attack cannot be ruled out

Home Ministry said it is necessary that continued vigil and proper security arrangements are made at places of worship, especially in the communally hyper sensitive, sensitive areas to prevent communal disturbances

 

Indian Home Minister Rajnath Singh on Tuesday said the possibility of terror attack in the country cannot be ruled out.

 

“No possibility can be ruled out. We cannot ignore terror activities. Hence, alerts are issued,” he told reporters on the sidelines of a function.

 

Singh was replying to a question on whether there is a possibility of a terror attack during the festival season.

 

Asked about the advisory issued by the Home Ministry directing all states to ensure security at places of worship and communally sensitive places during festival season, the Home Minister said such advisories are being issued regularly on the basis of the information received by the government.

 

“We issue regular alerts. We issue alerts on the basis of whatever information we get,” he said.

 

In an advisory, the Ministry Monday had said that the country has recently witnessed communal incidents in many places during the festivals of Ganesh Chaturthi and Durga Puja.

 

It also said that communal atmosphere was strained in some states during Bakrid over issues related to animal sacrifice.

 

Since the Diwali/ Kali puja will be celebrated on 23rd October, it is necessary that continued vigil and proper security arrangements are made at places of worship, especially in the communally hyper sensitive/ sensitive areas to prevent communal disturbances, the advisory said.

 

Earlier, paying rich tribute to the martyrs at an event organised on the occasion of the Police Commemoration Day, the Home Minister said the government will create a national police memorial in Delhi’s Chanakyapuri, where the function was held.

 

“I think, the work in this direction will begin this month itself,” he said.

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