Citizens' Issues
Netaji's family demands judicial probe into snooping
Expressing shock over reported revelations that successive Congress governments had snooped on family members of revolutionary leader Netaji Subhas Chandra Bose for 20 years after independence, a prominent member of the clan on Friday demanded a judicial probe on the issue.
 
Family spokesperson Chandra Kumar Bose also demanded that the Narendra Modi government declassify the secret files related to Netaji, and the clan.
 
"It is shocking. It is not an issue involving merely the family, but the entire nation, because several members of the family from Sarat Chandra Bose to Amiya Nath Bose as also Sisir Kumar Bose were prominent freedom fighters," Chandra Kumar Bose told IANS.
 
He said while it was understandable that the British government would snoop on the family because of its fight against imperialism, "that the central government in post-independence India could do it, that is too shocking".
 
"It is an attack on democracy, personal liberty and the spirit of the freedom movement, a betrayal of the nation," he said.
 
"A judicial inquiry commission should be constituted, and a special investigative team should be formed under the commission. The commission should report to a sitting judge of the Supreme Court," he said.
 
He said the probe should cover the entire sequence of events from circumstances leading to Netaji's disappearance to the spying on the family members after independence.
 
Bose said the Modi government has been talking of transparency all along. "If they are sincere to what they claim, then they should order declassification of over 160 files still kept secret."
 
Media reports have claimed that recently declassified files of the union home ministry have revealed that the family of Netaji was placed under intensive surveillance from 1948 to 1968 by the central government.
 
The country had three Congress prime ministers during these 20 years - Jawaharlal Nehru, Lal Bahadur Shastri and Indira Gandhi.

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COMMENTS

Senior Citizen

2 years ago

It will be waste of time and resources to order a probe. Netaji, Gandhi and Nehru and other Indian elites were used by Allied and Axis powers for their own National interests. We should now learn not to fall into similar traps and stay clear of US led group or China/Russia led group failing which our population will pay heavy price like it is happening in many areas in today's world.

Nifty, Sensex going strong – Weekly closing report
A weekly close below 8,600 in Nifty will signal temporary reversal
 
The S&P BSE Sensex closed the week that ended on 10th April at 28,879 (up 619 points or 2.19%), while the NSE’s CNX Nifty closed at 8,780 (up 194 points or 2.26%). In the previous week, we had mentioned that Nifty is in a bullish mode and may be heading for 8,700.
 
On Monday, the 50-share Nifty moved sideways in the morning session. However, after the noon session, the benchmark gained momentum. Nifty closed at 8,660 (up 74 points or 0.86%). A survey showed that the headline HSBC India Purchasing Managers' Index (PMI) nudged higher at 52.1 in March 2015 from 51.2 in February 2015. Previous week, the Reserve Bank of India (RBI) announced that the entire amount due to a bank in respect of fraud committed by borrowers shall be provided for over a period, not exceeding four quarters, commencing with the quarter in which the fraud has been detected.
 
On Tuesday, the RBI, in line with the market anticipation, kept monetary policy rates unchanged. Nifty, which had a weak move in the beginning of the session, lost all its strength just after RBI came out with its monetary review. However, by the end of the session, the 50-share benchmark regained strength and closed marginally higher. Nifty closed at 8,660 (up 0.40 points). The Reserve Bank said it would await transmission by banks of its front-loaded rate reductions in January and February into their lending rates. The government invited foreign pension funds to participate in the infrastructure sector in the country.
 
On Wednesday, Nifty moved higher and managed staying above the support of 8,600. Nifty closed at 8,714 (up 54 points or 0.62%).
 
The RBI had instructed banks to restructure loans of farmers whose crops have been damaged by the recent unseasonal rains and hailstorms. Prime Minister Narendra Modi announced higher compensation for farmers whose crop has been damaged by unseasonal rains.
 
The optimism on the bourse continued for the fifth consecutive session on Thursday. In spite of giving up intra-day gains, twice during the trading session, the 50-stock index closed at 8,778 (up 64 points or 0.73%). 
 
Ratings agency Moody’s changed India's outlook to positive from stable, while affirming its Baa3 rating. 
 
Monsoon rains in India are expected to be normal this year, the chief economic adviser said at the finance ministry. 
 
Data from the minutes of the US Federal Reserve's last meeting showed the Fed was still on course to hike interest rates this year.
 
On Friday, the Nifty witnessed a highly volatile session trading mostly in the red. It barely managed to close higher. Nifty closed at 8,780 (up 2 points or 0.02%). 
 
Fitch Ratings affirmed India's sovereign credit rating at 'BBB-' with a stable outlook.
 
A committee headed by MS Sahoo, a former member of the SEBI, has reportedly suggested removal of the limits on corporates' external commercial borrowings (ECBs). The Committee has also suggested removal of end-use restrictions on ECBs and recommended that every borrower should hedge a part of his borrowing. After the close, the government announced that the industrial output has increased by 5% in February compared to 2.6% increase in January.
 
Out of the 27 main sectors tracked by Moneylife, the top five and the bottom five sectors for this week were:

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Public Interest Exclusive
Mumbai court asks police to file FIR against EIH board
The Additional Chief Metropolitan Magistrate observed that directors of EIH, that operates Oberoi and Trident hotels,  have committed offeces of criminal breach of trust by misusing the employees' money
 
A Magistrate Court in Mumbai has directed police to file a first information report (FIR) against EIH Ltd and eight directors on the company board.
 
SD Dabhade, Additional Chief Metropolitan Magistrate, while hearing a petition filed by EIH employees, said, "It is submitted that the accused being entrusted with property belonging to employees, the accused persons have misused the money by putting the money to their own use. Thereby accused persons have committed offeces of Criminal Breach of Trust punishable under section 406 of the Indian Penal Code (IPC)."
 
EIH under the aegis of Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands.
 
The case relates with the tip received by employees, which was deposited with the company during 1998 till 2005. According to information, the company retained Rs3.30 crore from the total amount as tax deducted at source (TDS) even though as per a ruling from the Income Tax Appellate Tribunal there was no liability on receipt of tips by employees. 
 
The employees alleged that EIH never deposited the money deducted as TDS with the Income Tax department. Adv Bhushan Bahal, counsel for the employees said, "In this case, EIH used Rs3.30 crore for more than 20 years to earn several times that amount and to enrich itself. There were in all over 200 employees whose funds were misappropriated."
 
Last year, EIH had informed the Bombay High Court that it was in possession of Rs3.30 crore belonging to the employees and the same be ascertained and disbursed to the employees. 

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