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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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Poor Road Conditions Raise Concerns for Konkan-Bound Ganeshotsav Travellers

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Potholes and traffic congestion on the Uran route could make the festival journey difficult for thousands of devotees.

The Roads

With Ganeshotsav approaching, thousands of devotees from Mumbai and Navi Mumbai are preparing to travel to their hometowns in Konkan. However, poor road conditions along the Uran route have raised concerns about their journey.

Several stretches, including parts of the Mumbai–Goa National Highway and the Khopate Bridge, are reportedly affected by potholes. The Gavanphata–Chirner–Kharpada route is also in need of repairs, raising fears of slower traffic and longer travel times during the busy festival period. Traffic congestion has already been reported on the Chirner–Gavanphata–Dighode stretch. With a significant increase in vehicles expected during Ganeshotsav, residents fear that the existing problems could become even worse.

Roads maintained by CIDCO and the Public Works Department (PWD) have also come under scrutiny. The Khopate–Koproli road, in particular, has several potholes, while unauthorised parking in some areas is further adding to traffic difficulties. For many families travelling to Konkan for Ganeshotsav, the journey is an important part of the festival. Residents have therefore urged authorities to repair the damaged roads before the rush begins.

Meanwhile, Uran traffic police are preparing measures to manage the expected increase in traffic and minimise congestion during the festival.

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High Court Questions NMMC Over Illegal Constructions in Navi Mumbai

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Court seeks a clear plan to prevent new unauthorised structures as civic authorities step up action.

The Constructions

The Bombay High Court has sought answers from the Navi Mumbai Municipal Corporation (NMMC) over the growing issue of illegal constructions in the city. The court has asked the civic body what concrete steps it plans to take over the next three months to prevent new unauthorised structures from coming up.

According to claims made before the court, Navi Mumbai has around 4,000 illegal constructions. Since the court’s June 16, 2026 order, NMMC has taken action against 88 structures, including 43 in Airoli. Officials said another 25 structures had been acted against by September 7.

However, NMMC told the court that its demolition drive could face challenges in the coming months due to staff being engaged in Special Intensive Revision (SIR) work and preparations for upcoming festivals. During the hearing, petitioners also alleged that some illegal structures in Airoli were being spared because of political pressure. CIDCO, meanwhile, clarified that the areas in question fall under NMMC’s jurisdiction.

The court has scheduled the next hearing after three weeks. For residents concerned about unauthorised construction in their neighbourhoods, the proceedings could be significant, as the civic body is now expected to show how it intends to prevent fresh violations rather than simply act after structures are built.

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NMMC Recruitment Exam Scorecard to Be Released on September 11

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Candidates who appeared for the civic body’s recruitment exam can check their scores from September 11 after a long wait.

The Exam

Candidates waiting for the results of the Navi Mumbai Municipal Corporation (NMMC) recruitment exam finally have some good news. The civic body is set to release the exam scorecards on September 11, 2026, bringing an end to a long wait for thousands of applicants.

The recruitment drive was announced for 668 posts across 30 categories. A total of around 84,774 candidates applied, while 68,149 candidates appeared for the online examination held in July 2025. The release of the results had been delayed due to a legal dispute involving contractual employees working with NMMC. The employees had approached the Bombay High Court seeking protection for their jobs, following which the court had directed the civic body to hold back the examination scores.

The situation changed after the court allowed NMMC to proceed with the recruitment process while ensuring that the existing contractual employees would not lose their current service. Accordingly, NMMC will now publish the scorecards for all 30 categories on its official website on September 11.

There are currently around 477 contractual employees in the civic body. Their positions will be protected, while appointments to the remaining vacancies will proceed according to the recruitment process and the court’s final decision. For candidates who have been waiting for more than a year, the scorecard release will be an important step towards knowing their chances of securing a job with NMMC.

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