CBI Court Denies Anticipatory Bail To Chitra Ramkrishna

A Special Central Bureau of Investigation (CBI) court of Delhi on Saturday refused to grant anticipatory bail to former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case.

Special CBI Judge Sanjeev Aggarwal after hearing both the parties at length and after consideration of the entire material decided not to give anticipatory bail to Chitra Ramkrishna.

The same court earlier, while keeping the order reserved, also had said no good ground for ad-interim protection from arrest is made out in favour of the applicant/accused at this stage.

The CBI recently had questioned Chitra Ramkrishna in the matter. The Income Tax (IT) Department earlier raided various premises linked to Ramkrishna in Mumbai and Chennai.

Ramkrishna has also been on the radar of the market regulator Securities and Exchange Board of India (SEBI).

Recently, the CBI court had remanded Anand Subramanian, former Group Operating Officer and adviser to former MD of National Stock Exchange Chitra Ramkrishna, who was arrested by CBI from Chennai in connection with the NSE case.

The CBI investigation stated that group operating Officer Anand Subramanian’s appointment was influenced by NSE chairman and MD Chitra Ramakrishnan.

The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to the stockbrokers.

Earlier, the Securities and Exchange Board of India (SEBI) has penalized the National Stock Exchange (NSE) and its former CEOs Chitra Ramakrishna and Ravi Narayan and two other officials for lapses in recruitment at the senior level.

Ravi Narain was the MD and CEO of the National Stock Exchange from April 1994 till March 2013, while Chitra Ramkrishna was MD and CEO of the NSE from April 2013 to December 2016.

The market regulators observed that the NSE and its top executives violated securities contract norms relating to the appointment of Anand Subramaniam as group operating officer and adviser to the managing director. (ANI)

Sara Ali Khan's Partner in Crime

Sara Posts B’day Wishes For Brother Ibrahim

Saif Ali Khan and Amrita Singh’s son Ibrahim Ali Khan is celebrating his 21st birthday on Saturday.

The Pataudi prince, who looks like a carbon copy of the 90s-era-Saif, was showered with heart-warming wishes from B-town on his special day.

His elder sister and actor Sara Ali Khan took to her Instagram handle to post a Reel of them, which had a hilarious voice-over by their mother, Amrita.

In the video, the brother-sister duo is seen on a huge rock, near a river, with Sara sitting and doing first a Namaste and then an Adab, while Ibrahim seemed to be lost in his own world, practising moves like a warrior.

Amrita’s hilarious narration could be heard in the backdrop, in which she says, “Namaste Darshako, aur Miliye in dono bawre bachho se, Sara and Ibrahim” (Greetings viewers, meet these two crazy children, Sara and Ibrahim).

Sara took to the caption and wrote an adorable birthday wish for her ‘Iggy Potter’, which read, “Happiest 21st Birthday to my baby brother! Mommy is saying Namaste to my Darshaks and you both are celebrating without me today- so it’s major FOMO. I love you Iggy potter. Missing you so much today. Always stay crazy yet sorted, silly yet bright, annoying yet supportive and basically the best.”

Actor Karisma Kapoor too posted a monochromatic picture of Ibrahim on her Instagram story and wished him.

She wrote, “Happy Birthday Iggy” and added a purple heart and a smile emoji. Ibrahim is seen smiling at the camera, sporting a plain white T-shirt.

Meanwhile, on the work front, Ibrahim is currently assisting Karan Johar on his directorial, ‘Rocky Aur Rani Ki Prem Kahani’, which stars Ranveer Singh, Alia Bhatt, Dharmendra, Shabana Azmi and Jaya Bachchan among others. (ANI)

Russia-Ukraine War: Air Raid Alerts In Kyiv, Chernihiv, Sumy

Amid the ongoing conflict between Russia and Ukraine, air raid alerts were issued on Saturday morning in the capital city Kyiv along with other key cities of Chernihiv and Sumy, local media reported.

The first air raid warning was issued for the city of Chernihiv. “Air raid alerts in Chernihiv. Residents should go to the nearest shelter,” The Kyiv Independent tweeted.

Subsequent alerts were issued for the capital city Kyiv, followed by an alert for the entire Kyiv Oblast and the city of Zhytomyr, followed by an alert for the city of Sumy. Residents in all these places were requested to go to the nearby shelters.

A building of the military faculty of Sumy State University in Ukraine’s northeastern city Sumy was shelled on Thursday by Russian forces.

Meanwhile, Ukraine plans to hold the third round of talks with Russian officials to try a negotiated settlement to end the fighting triggered by Moscow’s invasion this weekend, said one of Kyiv’s negotiators.

The Mayor of the South-Eastern city of Mariupol Vadym Boychenko informed today that the city has been blockaded by the Russian forces, after days of sustained attacks.

Mariupol, with a population of 450,000 people, is of strategic importance to Russian forces, as by taking Mariupol, they can complete a land corridor that would link Crimea with southern Russia, reported CNN.

Russian forces launched military operations in Ukraine on February 24, three days after Moscow recognized Ukraine’s breakaway regions, Donetsk and Luhansk as independent republics followed by the announcement of a “special military operation” to “demilitarize” and “denazify” Ukraine. (ANI)

Russia-Ukraine: Indian Neutrality Under Strain

As the world hurtles down the road to a violent cold war 2.0, no speed-breakers are in sight. Explosions in the latest war zone and furious diplomatic postures have failed to muffle the cries of hundreds killed and a million-plus rendered homeless — and the fears of students, no matter which nationality, ejected from their classrooms.

As one worries over prospects of a possible World War III with nuclear weapons, no lessons have been learnt from the previous two. As part of a colonial empire, India contributed hugely with resources and soldiers, thousands of whom never returned home.

The stakes are many times higher now. Not a distant thunder, the conflict in Ukraine poses India a big diplomatic challenge with prospects of huge economic fallout. The immediate worry is of Ukrainian supplies of the sunflower oil. More significant are the fuels from Russia that has invaded Ukraine.

Objectively viewed from India, one cannot condone any invasion. But it is equally difficult to ignore what has led to it.  Russia has been pushed to the brink ever since the Soviet Union dissolved. Within limited space available here, it must be stated that a triumphal United States-led West has reneged and disregarded each treaty it has signed in the last three decades.

Despite clear understanding, 14 countries that were either part of the erstwhile USSR, or were its allies under the Warsaw Pact, have been admitted to the European Union and/or the NATO. Moscow has been systematically sought to be emasculated of its military and economic strength. The West has ignored warnings from its own scholars and security experts who warned of Russian reaction. That has finally come.

President Vladimir Putin saw his now-or-never chance to push back when the West knocked at its Ukraine doors. Ukraine is the resumed cold war’s prized-pick, a football, and encouraged and armed by the West, also a willing participant in the big-power tussle.  

Tacit support from China, now the Number One challenger to the US/West, has bolstered Putin’s response. But Beijing will not help cushion the damage the conflict has brought Russia in military, economic and diplomatic terms.

ALSO READ: ‘I Regret The Day I Sent My Child To Ukraine For Studies’

On the other hand, China could be the biggest beneficiary. Like the US that has pushed more and more arms into Ukraine and will continue to profit by playing on European fears. Moscow, hit by Western sanctions, will become heavily dependent on Beijing. This is foregone, whatever the outcome of the current conflict.

Putin miscalculated doubly when he failed to force a regime change in Ukraine and did not find the local support, even from ethnic Russians. To his dismay, President Volodymyr Zelenskyy, an actor-dancer-turned-politician till 2019, is fighting back. Zelenskyy has refused to be evacuated and become another Cao Kỳ (South Vietnam) or even Ashraf Ghani (Afghanistan), and is Europe’s new hero.

One recalls intense Soviet pressures on India in 1971 to achieve the military objective and end the conflict fast. India did that in two weeks with Bangladesh’s liberation. Moscow had held out with the UN Security Council vetoes and ensured China’s inaction, if not neutrality. It worked then. Nine days since Putin’s “special military operation” was launched (as this is being written) is too short a time to conclude if Putin has attained his objective.

It is likely that the Russian war machine may eventually gain Ukraine’s notional control. But it will be a pyrrhic victory with uncertain, violent borders. The regime change that Putin wants will require him to deploy more soldiers on the ground to retain control, even more so, if it leads to insurgency. The prospects are daunting, and Russia cannot afford another Afghanistan.

A question nobody seems to ask is, what would happen to President Biden if Ukraine is lost, so soon after the humiliating evacuation from Afghanistan. Too early to predict the 2024 elections, but the US has a strong political system.

By comparison and contrast, what if Putin loses out completely? A strong political system that makes his answerable is absent in Russia, like the erstwhile Communist Party that could replace him. Supreme, Putin can get away – at the expense of Russian people.

As of now, Putin has lost the battle of perceptions. The global media, well under the control of the US/West, is painting him as the aggressor. Coupled with social media, the discourse is heavily anti-Russia. Anyone can take a photo with cellphone and circulate. That makes the cold war’s resumption stark.

Excluding the sane and objective minds (including many in the US/West), nobody lends an ear to Putin’s fulminations on how and why the world witnessed conflicts in Iraq, Libya, Syria, other trouble-spots, and fomenting of faith-based rebellions across Asia and Africa. The media’s world is unipolar.

With its experience of evacuating people from war-hit zones and airlifting 170,000 people during the 1990 Kuwait crisis, India has done well to evacuate the students who went through harrowing time. The government has been accused of not foreseeing the crisis. Nobody has pondered whether students who spent precious money to be in Ukraine would have agreed. The better-off Indians stranded in Kuwait were reluctant.

Fending off Western pressures, India has stayed neutral at the UNSC and rightly so. It has to strike a balance as it did, under varying circumstances, in the past. But the question is, how long, on the current crisis? India has signaled willingness to counter a Russian claim, made by none less than Putin, of Ukrainian authorities holding Indian students hostage.

Besides the need to deal with Eurasia, India is the biggest among 45 other nations that import Russian defence systems. India’s dependence on Russia, estimated at anything between 60 to 80 percent, may reduce only over time.

The US waiver on Delhi’s defence purchases from Moscow will become more difficult. Reports are that some deals with Russia have already been cancelled. It may capitulate, like it did over Iranian oil imports. With an adversarial China on the Russian side, the pressures will multiply. What will be India’s role in multilateral bodies like BRICS, Quad and Shanghai Cooperation Council? When it comes to diplomacy, it’s a cruel world that kills you with a smile.

Among many things, this exposes India’s medical education muddle. Some 20,000 Indians studying medicine in Ukraine needed to be evacuated. As one of them succinctly put it, a Ukrainian medical degree is accepted all over Europe. Saying this is not to rubbish the students whose families spend hard-earned money, but much less than what is needed for an Indian degree. The truth is there are too many wannabe doctors chasing too few seats. And these seats come with ‘donations’ collected by politicians who own these colleges.

Foreign policy, save Pakistan that most governments have exploited for political and electoral gains, has always been peripheral to India’s politics. Considering that, a semblance of consensus has evolved on the Ukraine crisis.

The Congress distanced itself from two of its stalwarts, Shashi Tharoor and Manish Tiwari who questioned India’s posture at the UN. It does not wish to be seen as taking sides. A generally combative Mamata Banerjee has extended “unconditional support” to the Modi Government. The Left parties, who would have normally condemned the ‘imperialist’ US/West, are silent. But surely, everybody will respond after the outcome of the state assembly polls, especially in Uttar Pradesh, gets known.

The writer can be reached at mahendraved07@gmail.com

Ukraine Shoots Down Sukhoi Su-34 Jet Near Volnovakha

A Russian Sukhoi Su-34 fighter jet was shot down earlier on Friday near the city of Volnovakha in eastern Ukraine, according to The Kyiv independent, a Ukraine media outlet.

Meanwhile, Ukraine plans to hold the third round of talks with Russian officials to try to end the fighting triggered by Moscow’s invasion this weekend, said one of Kyiv’s negotiators.

“The third leg could take place tomorrow or the day after, we are in constant contact,” The Times of Israel quoted Ukrainian presidential advisor Mykhailo Podolyak.

Ukraine informed the International Atomic Energy Agency (IAEA) today that the site of the Zaporizhzhia Nuclear Power Plant (NPP) had been shelled overnight and Director-General Rafael Mariano Grossi immediately spoke with Prime Minister Denys Shmyhal as well as the country’s national nuclear regulator and operator about the serious situation.

Meanwhile, the fighting has stopped near the Zaporizhzhia Nuclear Power Plant on Friday and the radiation levels are currently normal. (ANI)

28 Children Killed In Russian Military Ops In Ukraine

As many as 28 children were killed and 64 wounded in Russia’s military operation in Ukraine, according to The Kyiv independent, a Ukraine media outlet.

About 1.5 million children live under constant shelling in war-torn areas of Ukraine, according to Ukraine’s Commissioner for Children’s Rights and Children’s Rehabilitation Daria Herasymchuk, as cited by the President’s Office.

Meanwhile, Ukraine plans to hold the third round of talks with Russian officials to try to end the fighting triggered by Moscow’s invasion this weekend, said one of Kyiv’s negotiators.

“The third leg could take place tomorrow or the day after, we are in constant contact,” The Times of Israel quoted Ukrainian presidential advisor Mykhailo Podolyak.

Ukraine informed the International Atomic Energy Agency (IAEA) today that the site of the Zaporizhzhia Nuclear Power Plant (NPP) had been shelled overnight and Director-General Rafael Mariano Grossi immediately spoke with Prime Minister Denys Shmyhal as well as the country’s national nuclear regulator and operator about the serious situation.

Meanwhile, the fighting has stopped near the Zaporizhzhia Nuclear Power Plant on Friday and the radiation levels are currently normal. (ANI)

IMA Urges Centre To Adjust MBBS Students From Ukraine In Medical Schools

The Indian Medical Association (IMA) on Friday wrote a letter to Prime Minister Narendra Modi and Union Health Minister Mansukh Mandaviya about the fate and future of all MBBS students admitted to Medical schools or colleges in Ukraine and now returning to India from the war-hit country after the situation turned out to be hapless following Russia’s ongoing military operation in Ukraine.

It urged the Centre to adjust all evacuated Indian medical students in existing medical schools in the country through an appropriate disbursed distribution.
“The number of medical students who have sought admission to medical colleges/schools in Ukraine is substantial and they are at various stages of their progression. As a matter of setting prescribed rule an Indian student seeking admission to any foreign medical college is required to procure an eligibility certificate for the said admission from the then Medical Council of India now rechristened as National Medical Commission constituted vide National Medical Commission Act, 2019 repealing Indian Medical Council Act, of 1956,” read a statement by IMA.

The Indian Medical Association further recommended, “All the evacuated medical education learners who are Indian Citizens and have procured admissions there upon seeking eligibility certificate from the statutory authorities in India and at various stages of progression there be adjusted as a onetime measure in existing medical schools in the country through an appropriate disbursed distribution keeping in mind the geographic locational interest of the said learner directing that the said incorporation in the concerned medical college being one time should not be taken as an increase in the annual intake capacity and should be permitted to go in for progression in the respective Indian Medical Schools for the remainder of their MBBS Course.”

“This will also need the validation of certification which has been made by the competent academic authorities of the medical schools where they were originally admitted in medical schools in Ukraine whereby the progression of theirs’ would be permissible in Indian Medical Schools,” the letter read.

“Resultantly, on passing out they will be as good as Indian Medical Graduates and not Foreign Medical Graduates. This will not only be a great succour to saving all of them from their uncertain fate and future but would also go a long way in catering to a larger human cause in a most befitting manner,” explained the IMA in its letter to Mandaviya.

“The analogy of the aforesaid proposition is drawn on the basis of explicit modality which is availed in the Indian context in case of closure of an ongoing medical college in India whereby the students already admitted thereat they are appropriately disbursed into other medical schools in India in terms of a structured procedure which is prescribed and the same is taken as a onetime exception not to be quoted as a precedence and construed as an augmentation or increase in the annual intake capacity of the add on admitting medical college in any manner,” it added. (ANI)

Several Stranded Indians Refuse To Leave Without Pets

Some Indian students who safely crossed the Ukraine border and are now living in a shelter home provided by the Indian embassy in collaboration with some other welfare Association in Poland, refused to return to India if their pets are not allowed on board in the flight and said they “won’t be able to do it”.

Speaking to ANI, the student who hails from Haryana’s Karnal district, said that they reached the shelter on March 3 and refused to board the Indigo flight as they “are not taking pets with them”. He was told to “board the Indian Airforce plane”.

“We have a lot of attachment with them. They have been with us for nearly four years, how can we abandon them here. Nobody is doing that. We had spoken in the shelter to keep them, but even they to us to take them with us if possible,” he said when asked about the reason for not leaving behind the pets in the time when people are running for life.

“I have spoken to the embassy officials now and they have said that there is an Airforce plane and further told us to pack our bags. They will give us a call,” he added.

Asked if the Airforce plane does not allow the pets, the student said that he “will not be able to leave the pets behind”.

Another student Frenky told ANI that the pets were not being allowed in trains.

“Due to space constraints, pets were not being allowed in trains but we somehow brought them with us from Kharkiv after spending a lot of money. We’re waiting for special flights for those with pets to be flown to India,” she said.

Suicide Blast In Peshawar Shia Mosque Kills 56, Injures 194

The death toll rose to 56 and 194 others were wounded in a suicide attack at a Shia mosque on Friday in the northwestern Pakistani city of Peshawar, local media reported.

Mohammad Asim, a spokesperson for Lady Reading Hospital (LRH), confirmed the casualties, adding that some of the injured were in critical condition.

Officials, who termed the incident a suicide attack, initially said that two attackers were involved. However, CCTV footage released later in the day showed a lone attacker clad in a black shalwar kameez reaching the mosque in the city’s Qissa Khwani Bazaar on foot and brandishing a pistol, the Dawn reported.

Speaking to the media, Khyber Pakhtunkhwa Inspector General of Police Moazzam Jah Ansari said two police officials were deputed at the mosque for security.

He opened fired on police personnel deployed outside the main entrance for security before running inside. The attacker also opened fire on a man who tried to stop him and managed to enter the mosque, where worshippers had gathered for Friday prayers, after which an explosion took place.

He said that one constable was martyred, while another police official was in critical condition. The senior police officer said that around five to six kilogrammes of explosive material was used, adding that there were no prior reports about the attack.

Capital City Police Officer (CCPO) Peshawar Mohammad Ijaz Khan confirmed the chain of events, adding that one police official was martyred in the gunfight outside the mosque.

No one immediately claimed responsibility for the attack. (ANI)

Pakistan Trade Deficit Widens To $32 Billion

Pakistan’s trade deficit widened by a staggering 82 per cent year on year to reach USD 31.96 billion as per the data released by the Pakistan Bureau of Statistics on Wednesday.

The upward trend in the trade deficit was witnessed for the eighth consecutive month owing to an unprecedented increase in imports while exports stagnated at around USD 2.5 billion to USD 2.8 billion a month, mostly of semi-finished products and raw material, The Dawn reported.

This comes at a time when Pakistan’s Current Account Deficit (CAD) rose to an all-time high of USD 2.56 billion in the month of January 2022. CAD is the difference between a country’s foreign expenditure and income.

The trade deficit reached an all-time high of USD 37.7 billion in Financial Year 2018. However, the deficit dropped to USD 31.8 billion in FY19 and USD 23.183 billion in FY20. The trend then reversed and the trade gap jumped to USD 30.8 billion in FY21 and is expected to reach an all-time high during the ongoing fiscal year.

The deficit is expected to rise further in the wake of rising crude oil and wheat prices, which constitute a major part of Pakistan’s imports. At the same time, foreign remittances from gulf, which are a major contributor to Pakistan’s foreign exchange, declined by USD 376 million or 15 per cent over the previous month in January 2022. In addition, exports too declined by 17 per cent over the previous month in January 2022.

Amid this, the country’s Foreign Debt has jumped to a record USD 13.1 billion in the first seven months of the current fiscal year rising by a massive 20 per cent during the first half of the current fiscal (2021-22).

“Pakistan remains vulnerable to possible flare-ups of the pandemic, tighter international financial conditions, a rise in geopolitical tensions, as well as delayed implementation of structural reforms,” International Monetary Fund (IMF) noted in a staff report prepared before the release of a USD 1 billion to the country. (ANI)