Hazare free to go wherever he wants to: Govt

Rejecting the government's offer, noted lawyer and member of the Lokpal joint drafting committee Prashant Bhushan said, "Mr Hazare will continue to sit in the jail unless he is allowed to sit on a fast unconditionally at JP Park or some other place"

New Delhi: The government on Wednesday said social activist Anna Hazare was free to go wherever he wants to and that Delhi Police will take a decision on whether he will be allowed to hold protest at JP Park here, reports PTI.

Home secretary RK Singh said since Mr Hazare has been released he is free to go wherever he wants to.

"He is in the office of the DIG, Tihar Jail. He rested at night and he and his supporters have been given a hall... I am quite sure that Delhi Police officers have been talking to him," he told reporters.

"He has been released. He can go wherever he wants, he is free and officers from Delhi Police will be asking him where he wants to go," Mr Singh said.

On Anna's demand to protest at JP Park, the home secretary said the Delhi Police will take a call on the issue.

The 73-year-old Gandhian, who was ordered to be released Tuesday after being remanded in seven-day judicial custody, spent the night in the administrative block of the jail along with his associate Arvind Kejriwal.

Mr Hazare was offered released last night after the Delhi Police issued warrants of release for him and seven of his associates, almost 13 hours after they were detained.

However, Mr Hazare made it clear that he would come out of the prison only if he is given permission to stage the indefinite fast at the Jai Prakash Narain Park, the original planned venue for the hunger strike.

Meanwhile, noted lawyer and member of the Lokpal joint drafting committee Prashant Bhushan said, "Mr Hazare will continue to sit in the jail unless he is allowed to sit on a fast unconditionally at JP Park or some other place. Thereafter, we are ready for any discussion with the government. But before that it is not possible."

Noting that the issue has now 'assumed serious propositions,' he said, "Before moving the Supreme Court, we have to discuss the issue with Hazare."

Mr Bhushan also demanded that the Delhi Police provide proper food and water to all those detained and kept at Chhatrasal Stadium here.

He said a number of protest marches will be held across the country today.

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FSDC panel discusses risk of global events on Indian economy

The meeting of the Financial Stability and Development Council (FSDC) sub-committee reviewed the recent developments in the global macro-economic and financial sector scenario, focusing on issues relating to potential systemic risk for India

New Delhi: Financial sector regulators, including the Reserve Bank of India (RBI), Tuesday discussed with finance ministry officials the recent global developments and the possible risk posed by them on the Indian economy, reports PTI.

The meeting of the Financial Stability and Development Council (FSDC) sub-committee chaired by RBI governor D Subbarao also discussed ways to deepen the corporate bond market and introduction of infrastructure debt funds (IDFs).

“The sub-committee reviewed the recent developments in the global macro-economic and financial sector scenario, focusing on issues relating to potential systemic risk for India,” the RBI said in a statement issued after the meeting here.

Issues concerning inter-regulatory coordination and regulatory gaps, too, came up for discussions.

The meeting took place in the backdrop of Standard and Poor's downgrading the US sovereign debt rating, sluggish global recovery and volatility in commodity prices.

“...regulation of investment advisory services and the conflict of interest in the distribution of financial products (also came up for review,” the central bank said.

The meeting was attended by Securities and Exchange Board of India (SEBI) chairman UK Sinha, PFRDA chairman Yogesh Agrawal, finance secretary RS Gujaral, economic affairs secretary R Gopalan and financial services secretary DK Mittal.

Besides, deputy governors of RBI KC Chakrabarty, Subir Gokarn, Anand Sinha and HR Khan were also present.

The financial sector regulators and government officials also deliberated on issues relating to progress in achieving financial inclusion and highlighted the need for a coordinated national strategy for financial literacy.

The government has set up FSDC under chairmanship of finance minister Pranab Mukherjee to strengthen and institutionalise the mechanism for maintaining financial stability, development and inter-regulatory coordination.

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Black money case: SC agrees to hear Centre’s plea against SIT

The Centre contended the SIT was formed without being prayed and cited ten main grounds among others for recall of the order in which it has been pulled up for the ‘laggardly pace’ in investigations into the issue of black money stashed abroad

New Delhi: The Supreme Court on Tuesday decided to hear the Centre’s plea seeking recall of its order for setting up a Special Investigation Team (SIT) comprising its retired judges to take over the probe into all black money cases, reports PTI.

A three-judge bench headed by justice Altamas Kabir posted the Centre’s recall application for Wednesday for hearing.

However, noted lawyer Ram Jethmalani and other petitioners, on whose plea the apex court had constituted the SIT, criticised the government for seeking recall of the order of 4th July.

Senior advocates Anil Diwan and RK Dhawan, appearing for the petitioners, contended the government’s plea is not maintainable as instead of complying with the order it has approached the court for recalling the order.

They said the government should file a review petition instead of application for recalling the order.

The Centre, in its application, contended the SIT was formed without being prayed and cited ten main grounds among others for recall of the order in which it has been pulled up for the ‘laggardly pace’ in investigations into the issue of black money stashed abroad.

Maintaining that a bench of justices B Sudershan Reddy (since retired) and SS Nijjar has impinged upon the domain entrusted to the executive, the Centre said the order is “contrary to the settled legal principle that the function of the court is to see that the lawful authority is duly exercised by the executive but not to take over itself the task entrusted to the executive.”

“It impinges upon the well-settled principle that courts do not interfere with the economic policy which is the domain of the executive and that it is not the function of the court to sit in judgement over matters of economic policy, which must necessarily be left to expert bodies,” it has said.

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