Saturday, April 22, 2017

SIT issues second summons to former Goa CM in illegal mining case

The Special Investigation Team of the Goa Crime Branch has summoned former Chief Minister Digambar Kamat on Monday in connection with investigations into the illegal mining scam, after he skipped the summons earlier week.“Kamat has been asked to remain present before Special Investigation Team of Goa Crime Branch on Monday (April 24). He would be questioned in relation with the illegal mining activity which is being investigated by us," senior Crime Branch official told PTI today.This is the second summons issued to Kamat in connection with the case.The veteran Congressman, who is named in the FIR filed by the Crime Branch in the case, was summoned on Tuesday (April 18) but had failed to appear before it claiming to be out of station. He was first questioned in the case by the SIT in February 2014.
Currency with public declines slightly as ATMs run dry

According to the RBI data, there was a 4 percent increase in currency in the hands of the public at Rs 12.64 lakh crore as on March 31, as against a 7 percent rise a fortnight agoAs ATMs run out of cash, the pace of currency availability with the public slowed towards the end of March.
According to the RBI data, there was a 4 percent increase in currency in the hands of the public at Rs 12.64 lakh crore as on March 31, as against a 7 percent rise a fortnight ago at Rs 12.13 lakh crore as on March 17. The increase in the preceding two fortnights was 6.8 per cent and 8.5 percent.The currency with public was at a low of Rs 7.8 lakh crore in December, immediately after the cash ban, while it was at a peak of Rs 17.01 lakh crore as of October-end before demonetisation.Nearly five months since the Prime Minister Narendra Modi announced the sudden doing away of old Rs 500 and Rs 1000 rupee notes on November 9, there has been a gradual pickup in the cash in circulation in the economy, but now seems to be some liquidity crunch again in some regions of the country.

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