CVC report on CBI Director has some 'very uncomplimentary' findings: Supreme Court
New Delhi, Nov 16 : The Supreme Court Friday said the CVC's "exhaustive" preliminary report on allegations against CBI Director Alok Verma has concluded that some findings are "complimentary" and some "very uncomplimentary", needing further investigation by the panel.
A bench headed by Chief Justice Ranjan Gogoi ordered that the confidential Central Vigilance Commission report be given to Verma in a sealed cover and asked him to respond to it by Monday, also in a sealed cover. It will take up the matter on Tuesday.
The bench, also comprising Justices S K Kaul and K M Joseph, said the CVC inquiry, which was being supervised by former apex court judge Justice A K Patnaik, has given an exhaustive report on the various charges against Verma.
"CVC has filed an exhaustive report. The report has been categorised and is very complimentary on some charges, not so complimentary some charges and very uncomplimentary on some charges. CVC report says some charges are required to be investigated and they need time," the bench said.
The top court said the CVC report should also be given to Attorney General K K Venugopal and Solicitor General Tushar Mehta.
The court turned down Special CBI Director Rakesh Asthana's request that the CVC report be provided to him as well. The confidentiality of the CVC report is needed to protect public confidence in CBI and sanctity of the institution, it said.
The court said it will consider the matter pertaining to decisions taken by acting CBI director M Nageswara Rao from October 23-26 on the next date of hearing.
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Rupee falls 9 paise to record low of 90.87 against US dollar in early trade
Mumbai (PTI): The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal.
However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade.
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The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
"The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clouded the recovery on the USD/INR pair as the rupee opened lower with dollar buying happening every day," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Even a reduction in trade deficit on Monday could not bring about a recovery in the rupee with Foreign Institutional Investors (FII) outflows continuing, he added
According to the latest government data released on Monday, India's trade deficit narrowed to a five-month low of USD 24.53 billion in November, as exports rebounded by 19.37 per cent to a six-month high of USD 38.13 billion after contracting in October, driven by higher shipments of engineering and electronics goods.
At the same time, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke.
FIIs sold equities worth Rs 1,468.32 crore on Monday, according to exchange data.
Also, wholesale price inflation stayed in the negative for the second consecutive month in November at (-) 0.32 per cent, even though there was an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday.
Wholesale Price Index (WPI)-based inflation was at (-) 1.21 per cent in October and 2.16 per cent in November last year.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 98.27.
Brent crude, the global oil benchmark, was trading 0.61 per cent lower at USD 60.19 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index, Sensex, declined 363.92 points to 84,849.44 in early trade while the Nifty was down 106.65 points to 25,920.65.
