Delhi HC sets aside CIC order asking to disclose info on PM Modi's degree
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New Delhi (PTI): The Delhi High Court on Monday set aside an order of the Central Information Commission (CIC) directing disclosure of information on the bachelor's degree of Prime Minister Narendra Modi.
Justice Sachin Datta, who reserved the judgement on February 27, passed the verdict on Delhi University's plea challenging the CIC order.
Following an RTI application by one Neeraj, the CIC on December 21, 2016, allowed inspection of records of all students who cleared the BA exam in 1978 -- the year Prime Minister Modi also passed it.
The high court stayed the CIC order on January 23, 2017.
Solicitor General Tushar Mehta, who appeared for DU, argued the order of the CIC deserved to be set aside.
Mehta, however, said the varsity had no objection to show its record to the court.
"University has no objection in showing the record to the court. There is a degree from 1978, bachelor of art," he said.
DU challenged the CIC order on the ground that it held the information of students in a fiduciary capacity and "mere curiosity" in the absence of public interest did not entitle anyone to seek private information under the RTI law.
Earlier, the counsel for the RTI applicants defended the CIC's order on the ground that Right to Information (RTI) Act provided for disclosure of the prime minister's educational information in greater public good.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
