BJP government pushed country into financial emergency: Congress
New Delhi: The Congress on Friday accused the BJP government of forcefully taking Rs 1,76 lakh crore from the RBI to hide a "grave" economic slowdown and claimed that it had pushed the country into a "financial emergency".
The Reserve Bank of India had on Monday approved the transfer of a record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting the BJP-led regime's prospect of stimulating the slowing economy without widening fiscal deficit.
"RBI's emergency fund is at a six-year low as the BJP government has forcefully taken Rs 1,76,000 crore from the RBI to hide its failures and grave economic slowdown," Congress chief spokesperson Randeep Surjewala tweeted, tagging a media report on the cental bank's emergency fund.
"The BJP government has pushed the country into a financial emergency," he said. In another tweet, the Congress spokesperson also pointed out to the rising number of bank frauds. "'Loot & Scoot' in 'New India' as a complicit BJP govt looks the other way and common man is taxed!" he said.
According to the RBI annual report, the number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent to Rs 71,543 crore from Rs 41,167 crore reported in the previous fiscal.
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SC regularises interim bail granted to Gujarat-based journalist in money laundering case
New Delhi (PTI): The Supreme Court on Friday confirmed its earlier order of granting interim bail to journalist Mahesh Langa in a money laundering case linked to a matter involving an alleged financial fraud lodged by the Enforcement Directorate at Ahmedabad.
The top court on December 15 last year had granted the interim bail to Langa and fixed the case for further hearing on April 10.
A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi took note of the submissions of Solicitor General Tushar Mehta, appearing for the probe agency, and said the interim order is confirmed.
The bench agreed to the contention of Mehta that the observations made in the bail order shall not be construed as remarks on merits of the case. Senior advocate Kapil Sibal had represented Langa.
Earlier, opposing the bail plea, the solicitor general had said, "Journalists extorting money and saying that if you do not pay, I will write against you is a serious offence."
The bench had granted the relief and ordered a day-to-day trial in the case and imposed certain conditions on the journalist, including asking him not to write any article in any media outlet about his sub-judice case and seek any adjournments before the special court.
"The petitioner will furnish the bail bonds to the satisfaction of the designated special court under the PMLA," it said, adding, "The special court is directed to take up the case on a day-to-day basis for consideration of charge and if charge is framed, recording the statements of all the nine witnesses."
The bench directed Langa and his counsel in the trial court to extend "full cooperation to the special court", and said "no adjournment shall be sought or permitted on the ground that quashing proceedings are separately pending before the high court".
It said this condition is being imposed as the high court has not granted a stay on the trial proceedings.
"The Directorate of Enforcement shall also cooperate with the special judge for taking up the case on a day-to-day basis," the apex court said.
Langa will be at liberty to raise all legal contentions, objections and defence pleas, and place the material for the special court's consideration in accordance with law, it added.
"The petitioner shall not publish or write any article in his position as an assistant editor of a newspaper with respect to the allegations, which are sub-judice against him, before the special judge at Ahmedabad," the bench said.
It also made it clear that the interim bail is being granted subject to the petitioner's "good conduct and behaviour".
On July 31, last year, the Gujarat High Court rejected Langa's bail plea in the case on the grounds that if he is granted the relief, prejudice would be caused to the prosecution case.
On February 25, 2025, the ED said it arrested Langa in connection with a money-laundering investigation linked to an alleged financial fraud.
The journalist was first arrested in October 2024 in a Goods and Services Tax (GST) fraud case.
The money laundering case against Langa stems from two FIRs filed by the Ahmedabad Police on charges of fraud, criminal misappropriation, criminal breach of trust, cheating and causing wrongful loss of lakhs of rupees to certain people.
