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Chitra Ramkrishna has been placed in the custody of CBI

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Former National Stock Exchange (NSE) CEO Chitra Ramkrishna has been placed in the custody of the CBI for seven days. In the co-location scam case, she was arrested in New Delhi by the primary investigating agency on Sunday.

In its judgment, the court stated that Ramkrishna shall be questioned by the Central Bureau of Intelligence (CBI) while being monitored by CCTV. The court has ordered that Chitra Ramkrishna be subjected to a medical examination every 24 hours while permitting her lawyers to visit with her every evening.

The public prosecutor stated Ramkrishna was “not cooperating with the inquiry” and had to face “almost 2,500 incriminating emails” when he presented the CBI’s case to Special Judge Sanjeev Aggarwal.

The CBI further claimed that the former NSE CEO “refused to reveal any past relationship” with co-accused Anand Subramanian, even refusing to acknowledge him.

The magistrate, on the other hand, questioned the CBI about the investigation’s poor pace and why other people identified in the FIR had not been arrested yet.

“What about the other defendants identified in the FIR? They are the primary recipients. So, how about them? No action was taken for four years. FIR was kept in a cold storage facility “The judge made a remark.

“It would seem that the custodial inquiry of the above suspected would be required to find out the thorough modus operandi embraced by this accused person in conspiracy with other co-accused individuals involved in the present case, such as co-accused Anand Subramanian, the present case may be of unimaginable magnitude,” the court stated in its order granting Ramkrishna’s custody to the CBI.

The court further stated that Chitra Ramkrishna would be subjected to a solitary interview to confront Anand Subramanian, who is now in police custody.

The court order stated that this could assist investigators in “finding out the full ramifications of the transactions in question, as well as digging out voluminous digital evidence about this case, as well as finding out the role of other players in this case of swindling institutional investors, foreign institutional investors, and honest retail investors.”

For the next hearing, in this case, Ramkrishna will be brought before the court on March 14.

What is the scam of co-location?

The CBI had questioned her for three days in a row before arresting her and searching her home.

Ramkrishna, who was the Chief Executive Officer (CEO) of NSE from 2013 to 2016, was also questioned by a top psychologist from the Central Forensic Science Laboratory.

On Sunday, the CBI arrested her on suspicion of giving evasive replies during the interview. Her anticipatory bail motion was denied by a Delhi court on Saturday.

In 2018, the CBI filed an FIR about the co-location scam. According to the CBI, the case includes a Delhi-based stockbroker who, according to the CBI, was able to obtain knowledge regarding stock trades ahead of others.

The matter came to light after the Securities and Exchange Board of India (Sebi) charged Chitra Ramkrishna and others with unfair conduct on February 11, including the nomination of Anand Subramanian as group operating officer of the National Stock Exchange of India (NSE).

SEBI also revealed in its order that Ramkrishna communicated private information regarding the National Stock Exchange via email with a “mystery yogi.” Many people connected with the case believe it was Anand Subramanian who was the “mystery yogi.”

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Navi Mumbai Cancels Invitations to Newly Elected Corporators for Republic Day Ceremonies

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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

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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

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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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