Ø After eight months in limbo, AIADMK general secretary Jayalalithaa’s
political life was resurrected in a matter of a few minutes on Monday. The Karnataka High Court acquitted her and three others in the
disproportionate assets case, setting aside a trial court order of September
2014 sentencing them to four years in prison. The packed Court Hall No. 14
witnessed jubilant scenes when Justice C.R. Kumaraswamy announced that the
appeals of Ms. Jayalalithaa and her associates — V. Sasikalaa, V.N. Sudhakaran
and Ilavarasi — were being allowed, and they stood acquitted of the charges of
amassing wealth disproportionate to the known sources of their income.
Ø A metropolitan sessions court here granted bail on Monday to former
Satyam Computers chairman B. Ramalinga Raju and nine others who were sentenced
on April 9 to seven years’ rigorous imprisonment by the trial court in a Rs.
7,000-crore case of accounting fraud against the company.
Ø The Constitution Amendment Bill on the Good and Services
Tax (GST) could not be tabled in the Rajya Sabha on Monday as the Congress
repeatedly disrupted proceedings demanding the resignation of Union Minister
Nitin Gadkari over a CAG report on irregularities in a loan extended to the
Purti group, which is linked to his family. With the Congress appearing to be
in no mood to relent, the Bill is now likely to be referred to a Select Committee
of the Upper House. Parliamentary Affairs Minister M. Venkaiah Naidu and
Finance Minister Arun Jaitley met leaders of political parties separately to
discuss the issue. What emerged from the meetings was that the Bill be referred
to a Select Committee.
Ø India has named private banker K.V. Kamath as the first head of the new
development bank the BRICS group of emerging market economies is setting up.
Ø Returning from his four-day visit to Russia, President Pranab Mukherjee
said on Monday that his visit to attend the 70th anniversary of Victory Day in
Europe “re-affirmed [India’s] abiding solidarity with Russia.”
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