Regulations
Saradha scam: Ex-minister's wife Manoranjana sent to CBI custody
Former union minister and Congress leader Matang Sinh's estranged wife Manoranjana -- who was arrested in connection with the Saradha scam -- was on Thursday sent to five days custody of the CBI by a court here.
 
Manoranjana along with Kolkata-based entrepreneur and chairman of the now-defunct Xenitis Group, Santanu Ghosh were arrested by the Central Bureau of Investigation (CBI) on Wednesday for their alleged complicity in the multi-crore-rupee scam.
 
Rejecting their bail plea, the court sent the duo to CBI custody till October 13.
 
According to the CBI, they were "involved in a criminal conspiracy with Saradha group head and scam kingpin Sudipta Sen and misappropriated huge amounts running into crores of rupees".
 
The CBI had arrested Matang Sinh in January and charge-sheeted him for several offences including cheating and criminal conspiracy.
 
The CBI and the Enforcement Directorate had since 2014 been quizzing Manoranjana -- who along with many other high-profile names -- has been accused of complicity in the scam by Sudipta Sen in his 2013 tell-all letter to the CBI.
 
Manoranjana, a former journalist, had allegedly sold her shares in an audio-visual channel to the Saradha Group.
 
She had also purportedly taken Sen to the lawyer-wife of a former union minister for settling a deal, Sen claimed in the letter.
 
Ghosh, said to have made several business transactions with the tainted group, was arrested in June 2014 by the Enforcement Directorate under the Prevention of Money Laundering Act.
 
He was subsequently granted bail in August last year by a city court.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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CBI files charge sheet in Syndicate Bank bribery case
The Central Bureau of Investigation (CBI) has filed a charge sheet in the 2014 bribery case naming Syndicate Bank chairman-cum-managing director S.K. Jain and Bhushan Steel Ltd. vice-chairman Neeraj Singhal as accused in the case, sources said Thursday.
 
The charge sheet was filed before Special Judge Gurdeep Singh, who posted the matter for October 12 after CBI sought more time for filing some other documents in the case as as they are voluminous. 
 
CBI, in its charge sheet filed on Monday, named Jain, Singhal, middleman Vineet Godha, Puneet Godha, Vijay Pahuja and Pankaj Kumar Tiwari as accused in the case. All the six were charge sheeted under various section dealing with criminal conspiracy and various provisions of Prevention of Corruption Act dealing with bribery and criminal misconduct. 
 
However, the CBI gives clean chit to two accused - alleged middlemen Purushottam Lal Totlani and Arun Agarwal - saying that it did not found any evidence against them.
 
The agency has alleged that Jain has received a bribe of Rs.50 lakh through conduits and abused his official position to enhance the credit limits of some companies in violation of laid-down procedures. CBI said that sufficient oral and documentary evidence against the accused and requested court to summon and try them in the case. It has cited 80 witnesses to support its case.
 
All the accused are out on bail. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Cabinet okays Rs.2,142 cr National Watershed Management Project
The cabinet on Wednesday approved the National Watershed Management Project (NWMP) to ensure access to irrigation for every farm, union Shipping Minister Nitin Gadkari said.
 
The NWMP will be a component of the Pradhan Mantri Krishi Sinchayi Yojana (PMKSY) and will ensure access to irrigation for every farm and efficient use of water (Per Drop More Crop), he said following the cabinet meet.
 
"The total outlay of the project (Neeranchal National Watershed Project) which is done with the World Bank's assistance is Rs.2,142 crore," he said, adding, "The government's share is Rs.1,071.15 crore (50 percent) and the rest is the loan component from the bank."
 
"The project will be implemented in nine states of Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Telangana," he said.
 
The decision taken at the cabinet meet, chaired by Prime Minister Narendra Modi, will bring about institutional changes in watershed and rain-fed agricultural management practices in the country, a government statement said.
 
The project will also build systems which will ensure watershed programmes and rain-fed irrigation management practices are better focussed, and more coordinated and have quantifiable results. 
 
These systems will also devise strategies for the sustainability of improved watershed management practices in the areas, even after the withdrawal of project support, the statement said.
 
"The programme will lead to reducing surface runoff of rainwater, increasing recharge of ground water and better availability of water in rain-fed areas resulting in incremental rain-fed agriculture productivity, enhanced milk yield and increased cropping intensity through better convergence related programmes in project areas," it said.
 
"The erstwhile 'Integrated Watershed Management Programme (IWMP)' was implemented since 2009-10 by the Department of Land Resources (DoLR), for supporting watershed development in 28 states. From 2015-16 onwards, the IWMP will be implemented as the Watershed Component of PMKSY," the statement added
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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