Bribery case: Bombay HC extends interim relief to Sameer Wankhede till June 8
Mumbai (PTI): The Bombay High Court on Monday extended till June 8 the interim protection granted to former NCB zonal director Sameer Wankhede in a case in which he is accused of demanding Rs 25 crore bribe from superstar Shah Rukh Khan for not implicating his son Aryan in the Cordelia cruise 'drug bust' case.
Last Friday, the HC had directed the Central Bureau of Investigation (CBI) not to take any coercive against the Indian Revenue Service (IRS) officer till May 22.
A vacation bench of justices Abhay Ahuja and M M Sathaye on Monday extended Wankhede's interim protection from any coercive action, such as arrest, while hearing his plea seeking quashing of the CBI's FIR against him.
The bench also directed Wankhede to give an undertaking that he will not talk to the media about the case, appear before the CBI as and when called, and not tamper with evidence.
The CBI recently filed an FIR against Wankhede for allegedly seeking Rs 25 crore bribe for not framing the Bollywood star's son Aryan Khan in the drugs-on-cruise case.
The probe agency has booked Wankhede and four others for alleged criminal conspiracy and extortion threat, besides provisions pertaining to bribery under the Prevention of Corruption Act, on a complaint by the Narcotics Control Bureau (NCB).
The agency has alleged that the NCB, Mumbai Zone, received information in October 2021 related to the consumption and possession of narcotics substances by various individuals on the private cruise ship and some of its officers conspired and obtained undue advantage in the form of bribes from the alleged accused.
Aryan Khan was arrested by the NCB on October 3, 2021 after a raid on the Cordelia cruise ship. He was granted bail by the Bombay High Court after three weeks as the NCB failed to substantiate its charges against him.
#WATCH | Mumbai: "I'm getting threats continuously for the last 4 days. Will share everything with the Police Commissioner...": Sameer Wankhede, Former Zonal Director of Mumbai NCB pic.twitter.com/l4IuqFjNlo
— ANI (@ANI) May 22, 2023
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India, New Zealand ink free trade agreement
New Delhi (PTI): India and New Zealand on Monday inked a free trade agreement, aimed at boosting two-way commerce and investments.
The pact was signed by Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay.
The FTA provides duty-free access for 100 per cent of India's exports to New Zealand, covering all tariff lines or produce categories, and is expected to significantly boost MSMEs and employment by enhancing competitiveness in labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed foods.
Earlier, New Zealand maintained peak tariffs of up to 10 per cent on key Indian exports, including ceramics, carpets, automobiles, and auto components.
With zero-duty market access from entry into force as New Zealand's other trade partners, Indian products will be fully competitive in that country, enjoying a level playing field.
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Significantly, India also secured duty-free inputs for its manufacturing sector, including wooden logs, coking coal, and waste and scraps of metals, lowering production costs and enhancing the global competitiveness of the Indian industry.
On the other hand, India has offered tariff liberalisation on 70.03 per cent of tariff lines covering 95 per cent of bilateral trade value, while keeping 29.97 per cent of tariff lines excluded to protect India's sensitive sectors.
The products that are kept in exclusion are mainly -- dairy (milk, cream, whey, yoghurt, cheese etc.), animal products (other than sheep meat), agricultural products (onions, chana, peas, corn, almonds), sugar, artificial honey, animal, vegetable or microbial fats and oils, arms and ammunition, gems and jewellery, copper and articles thereof (cathodes, cartridges, rods, bars, coils), aluminium and articles thereof (ingots, billets, wire bars) among others.
On 30 per cent of tariff lines of New Zealand, India will provide duty elimination on goods such as wood, wool, sheep meat, and leather-raw hides.
Similarly, 35.60 per cent of tariff lines are subject to phased elimination over 3, 5, 7, and 10 years, including petroleum oil, malt extract, vegetable oils, selected electrical and mechanical machinery, and peptones.
New Zealand products which enjoy tariff reductions include wine, pharmaceutical drugs, polymers, aluminum, iron and steel articles, and goods that only 0.06 per cent fall under tariff rate quotas, including Manuka honey, apples, kiwi fruit, and albumins, including milk albumin.
The FTA also includes a commitment to facilitate USD 20 billion in investment into India.
A rebalancing clause is incorporated into the Agreement to provide a framework for addressing any shortfall in investment delivery, thereby ensuring robust and tangible economic outcomes.
Total bilateral trade in goods and services reached USD 2.4 billion in 2024.
