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Ex-NSE CEO Chitra Ramakrishna is being investigated

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The Income Tax Department conducted searches at the Mumbai apartment of former National Stock Exchange CEO Chitra Ramakrishna on Thursday, in a significant step. The raid came only days after SEBI fined her for revealing confidential NSE financial predictions for the next five years.

From 2013 to 2016, Chitra Ramkrishna was the MD and CEO of NSE. She was fired from the NSE in 2016 for her role in the co-location and algorithmic trading scams, as well as for abusing her position of power.

The searches, according to officials, are being conducted to investigate allegations of tax fraud and financial irregularities levelled against her and others. Raids on her residences in Chennai and other locations were also conducted.

The former director of the National Stock Exchange has been fined Rs 3 crore.

Ramakrishna was fined Rs 3 crore by the Securities and Exchange Board (SEBI) on February 11 for exchanging internal NSE private information with an unknown person. The regulator also discovered anomalies in the appointment of senior official Anand Subramanian, which the NSE and top management were both accountable for.

According to Republic, Anand Subramanian’s offices are also being searched for tax evasion. From April 2013 until October 2016, he served as NSE’s Chief Strategic Advisor before being promoted to Group Operating Officer and advisor to the MD and CEO.

Chitra Ramakrishna revealed sensitive information to the mysterious ‘Yogi.’

Last week, Ramakrishna made headlines when she admitted to sharing sensitive material with a yogi in the Himalayas and seeking his help on important matters.

Apart from that, Ramkrishna discussed with the yogi various internal secret information, including the NSE’s financial and business strategies, dividend scenario, and financial outcomes, and even consulted him on the exchange’s staff performance reviews.

The alleged guru also had a significant impact on the choice of a mid-level employee with no capital market experience as Ramkrishna’s adviser, with inadequate documentation and pay higher than other NSE officials, according to SEBI findings.

The exchange claimed on Wednesday that there have been significant changes at the board and management level at the bourse over the previous few years, just days after markets regulator SEBI issued an order against NSE and its former leaders.

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Ganesh Visarjan Noise Sparks Debate in Navi Mumbai

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Police report no violations, while residents raise concerns over loud dhol-tasha and firecrackers.

The Noise

The issue of noise pollution during this year’s Ganesh visarjan has sparked a debate in Navi Mumbai, with residents raising concerns even as the police said no mandal had crossed the prescribed noise limits.

According to the Navi Mumbai Police, sound levels were monitored during visarjan processions using sound-level meters. Officials said they did not find any Ganesh mandal violating the permitted limits and noted that several mandals had avoided using DJs following instructions from the authorities. However, some residents said the celebrations were still excessively loud in certain areas. They complained about the noise from dhol-tasha performances and firecrackers, saying it was particularly difficult for senior citizens, young children and people who were unwell.

A member of a city-based organisation claimed that dhol-tasha performances crossed 80 decibels at some locations. Residents have also sought greater transparency regarding the monitoring process. The police have not publicly released detailed information about the sound readings, such as where measurements were taken or the highest and lowest levels recorded. Such data could help address concerns and provide a clearer picture of the situation.

The issue has also drawn attention because of action taken in neighbouring Thane, where police reportedly registered 69 cases for noise-related violations and firecracker use during the immersion period. The debate highlights the challenge of balancing traditional celebrations with residents’ need for a peaceful environment, particularly during large public festivals.

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Two Women Accused in Railway Theft Escape RPF Lock-Up Using Sarees

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One woman arrested near Nerul, while police continue searching for the second accused.

The Theft

In a dramatic incident, two women accused of stealing railway material escaped from the RPF lock-up at Belapur railway station by allegedly using their sarees as a makeshift rope.

The women, identified as Rupali Kailas Kurhade, 30, and Shalibai Ashok Pawar, 40, had been arrested on September 26 in connection with the alleged theft of electric overhead wires from a railway godown at Juinagar.

According to officials, the women escaped at around 2:13 am on September 28. They allegedly broke the lock of the lock-up, reached the rear balcony and used their sarees to climb down from the building. The escape came to light when the woman constable posted at the lock-up returned and found the two accused missing. Officials subsequently checked CCTV footage and launched a search operation.

RPF teams managed to trace Rupali Kurhade near Nerul railway station at around 8:45 am, following which she was taken back into custody. However, Shalibai Pawar is still absconding. Railway police and RPF teams are continuing efforts to locate her and are examining CCTV footage and other available information.

A separate case has been registered at Panvel Railway Police Station in connection with the escape. The incident has also raised questions about security arrangements at the railway lock-up.

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NMMC Plans ₹105 Crore Interactive Science Exhibition in Nerul

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New facility aims to make science learning more engaging through technology and hands-on exhibits.

The Exhibition

Science learning could soon become more interactive for children and families in Navi Mumbai, with the Navi Mumbai Municipal Corporation (NMMC) planning a major exhibition at the Science Park in Nerul.

The civic body has proposed spending around Rs 105 crore on the project, which will introduce technology-based and hands-on exhibits to help visitors understand scientific concepts in a more interesting way. The proposed exhibition will cover topics such as human biology, DNA, cells, eyesight, hearing, ageing and the human body. Instead of simply reading information, visitors will be able to learn through interactive models, digital screens and practical activities.

Among the planned attractions are a DNA puzzle, cell laboratory, digital microscope, body mirror, BMI station, giant ear, hearing test and adjustable eye model. These exhibits are expected to give students an opportunity to explore scientific concepts by actually interacting with them. The project is part of NMMC’s efforts to develop the Nerul Science Park into a modern educational and recreational destination. The aim is to encourage curiosity and make learning more enjoyable, particularly for school and college students.

NMMC had issued a tender for interior work, science-themed exhibits and related services. The estimated tender value was around Rs 104.36 crore. If implemented, the project could give Navi Mumbai residents a new space where education and technology come together, allowing children to learn science through experience rather than textbooks alone.

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