India
In the NSE case the CBI is expected to detain Chitra Ramakrishna
Sources tell that Chitra Ramakrishna, the former chief of the National Stock Exchange (NSE), is likely to be detained by the Central Bureau of Investigation (CBI) after a Delhi court denied her anticipatory bail appeal on Saturday.
Chitra Ramakrishna had filed a court appeal seeking protection from the CBI’s detention. After the agency objected, her application was denied.
Officials may arrest her shortly, according to sources, but if she goes to the high court, the CBI will have to wait for an order.
Chitra Ramakrishna, NSE’s former Managing Director, and Chief Executive Officer are being investigated for allegedly sharing private NSE information with a “yogi who resides in the Himalayas.”
CBI officers had previously questioned her in Mumbai. Anand Subramaniam, her suspected close friend, and former Group Operating Officer of NSE was previously detained by the CBI.
Officials claim that the suspected discriminatory activities in NSE took place between 2010 and 2015. Ravi Narain was the NSE’s Managing Director and Chief Executive Officer until March 2013. At the time, Chitra Ramakrishna was the company’s, Deputy CEO. She succeeded Ravi Narain as CEO of the NSE, which she led until December 2016.
According to sources, the CBI took action in response to recent SEBI findings (Securities and Exchanges Board of India).
“As during inquiry into the matter of co-location facilities at NSE, SEBI came across all these documentary evidence, which illustrated that Notice No. 1 [Chitra Ramakrishna], former MD & CEO of NSE, had disclosed certain internal confidential information of NSE, viz., organizational structure, dividend scenario, financial results, human resources policy, and related issues, response to the regulator, etc., with an unfamiliar persuasion,” the SEBI said in its order on February 11.
According to sources, the CBI has new evidence in the co-location case against Chitra Ramakrishna.
In 2018, the CBI filed an FIR in a co-location case on the court’s directives. The CBI case involves a stockbroker who allegedly corrupted the NSE’s system with the cooperation of then-top officials to acquire access to the markets before anyone else when they opened.
Sanjay Gupta (promoter of OPG Security Pvt Ltd), Aman Kokrady, his brother-in-law, and data cruncher and researcher Ajay Shah, as well as anonymous NSE and SEBI employees, were listed as suspects in the investigation by the CBI.
The broker’s computer is located in the same area as the stock exchange’s server, which is known as co-location.
In comparison to other brokers, this gives brokers a time advantage. The broker whose computer is housed in the NSE’s server room has first access to market data, allowing them to profit handsomely from stock trading.
In the CBI investigation, broker Sanjay Gupta reportedly had access to the NSE’s co-location facility, allowing his firm, OPG Security Pvt Ltd, to acquire early access to data and earn massive financial profits.
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Navi Mumbai Cancels Invitations to Newly Elected Corporators for Republic Day Ceremonies
School principals to hoist the national flag following administrative delays.
The Flag Hoisting
The Navi Mumbai Municipal Corporation (NMMC) has cancelled invitations extended to newly elected corporators for Republic Day flag-hoisting ceremonies in civic schools this year, citing administrative and procedural delays.
Although the municipal elections have concluded, the first general body meeting of the newly elected corporators is yet to take place. In view of this, the NMMC education department has issued revised instructions for the January 26 celebrations across all municipal schools. As per the new directive, school principals will themselves conduct the flag-hoisting ceremonies, and corporators will not be invited to preside over the events.
Officials clarified that any earlier circulars or communications instructing schools to invite corporators should be treated as cancelled. In cases where invitation letters have already been sent, school principals have been directed to inform the concerned corporators about the revised decision and explain the administrative reasons behind the change.
The move has been described as a temporary arrangement until formal procedures related to the newly elected body are completed. The education department has emphasized that the decision is purely administrative and not political in nature.
Despite the change, the NMMC has instructed all schools to ensure that Republic Day celebrations are conducted with full enthusiasm, discipline and respect for national values. Principals have been asked to strictly adhere to the guidelines and ensure smooth conduct of the programme.
The decision has drawn attention as it comes soon after the municipal elections, highlighting the impact of procedural delays on official civic events.
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1111-Feet Tricolor Yatra Fills Navi Mumbai with Patriotic Zeal
ABVP initiative sees thousands of students participate spontaneously ahead of Republic Day.
The Initiative
Patriotic fervour gripped Navi Mumbai as the Akhil Bharatiya Vidyarthi Parishad (ABVP) organised a massive 1,111-feet-long Tricolor Yatra, witnessing spontaneous participation from thousands of students and citizens on the eve of Republic Day.
The yatra was held as part of Youth Week celebrations and to mark the birth anniversary of Netaji Subhas Chandra Bose, with the objective of inspiring nationalism, unity and social responsibility among the youth. Students marched proudly while holding the enormous national flag, raising slogans such as “Bharat Mata Ki Jai,” “Vande Mataram” and “Jai Hind,” creating an atmosphere charged with patriotic emotion.
The rally began at Blue Diamond Chowk, Vashi, and culminated at Rajiv Gandhi College of Arts, Commerce and Science, Sector 10A, where a short programme was organised. Speakers highlighted the role of students in nation-building and appealed to the youth to actively contribute to society beyond academics.
Prominent attendees included ABVP state minister Rahul Rajoria, sports coordinator Arpita Malik, and college principal Dr Basukinath Pandey, who praised the enthusiasm and discipline shown by the participants. They urged students to uphold constitutional values and remain socially responsible citizens.
The event’s smooth execution was attributed to the efforts of Dr Akshay Shet and more than 100 volunteers. Participants and local residents said the Tricolor Yatra strengthened the sense of unity and national pride, making it a memorable and inspiring pre-Republic Day event for Navi Mumbai.
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Garbage Piles Become Major Issue Ahead of Uran Elections
With the Uran civic elections approaching, local residents and political observers are raising serious concerns about the persistent garbage problem across the area. Overflowing waste on main roads and traffic lanes has emerged as a key issue in the election campaign, with voters expressing frustration over poor civic management.
Several key thoroughfares in Uran, especially around busy intersections and residential localities, have been seen strewn with garbage that has not been collected for days. Piles of waste are causing traffic disruptions, foul odour and unhygienic conditions, prompting complaints from commuters, shopkeepers and local residents.
Civic activists and opposition leaders have criticised the local administration for its failure to ensure regular garbage collection and proper waste disposal. They say that poor sanitation has not only affected the appearance of the town but also posed health risks, especially during peak summer months.
Residents pointed out that despite repeated assurances from officials, garbage is frequently left uncollected in several areas, leading to water logging and breeding of insects. Many voters have highlighted this issue as a priority concern affecting their daily lives and have demanded immediate action from authorities.
Political parties contesting the Uran elections have responded by promising stricter monitoring of waste collection, improvement in street cleaning, and deployment of more resources for solid waste management.
As election day approaches, garbage disposal and civic cleanliness have become central themes in public discussions, reflecting growing citizen demand for improved basic services and accountable governance.
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