Chhota Rajan finally brought to India after 27 years on the run
- After being on the run for the past 27 years, underworld don Chhota Rajan was brought to New Delhi early
Friday morning from Indonesia by a joint team headed by CBI officials for facing trial in various criminal cases registered against him in Delhi and Mumbai.
- The 55-year-old gangster, whose real name is Rajendra Sadashiv Nikalje, will be kept in the national capital where he will be questioned by sleuths of various investigating agencies as he has been making claims of having further evidence to nail India’s most wanted terrorist Dawood Ibrahim and his links with Pakistan’s snooping agency ISI.
- Immediately after his arrival in New Delhi in an Indian Air Force Gulfstream-III aircraft from Indonesia’s Bali, Rajan, who is considered as a ‘friendly don’ as he reportedly tipped Indian security agencies about the movement of Dawood and his aides, was whisked away to an undisclosed location under tight security.
Ahead of Diwali, Prime Minister Narendra Modi launches three gold schemes
- Prime Minister Narendra Modi on Thursday launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth USD 800 billion lying idle with households.
- The Gold Monetisation Scheme (GMS), 2015 will offer option to resident Indians to deposit their precious metal and earn an interest of up to 2.5 per cent; while under the Sovereign Gold Bonds Scheme, investors can earn an interest rate of 2.75 per cent per annum by buying paper bonds.
- Modi also unveiled the first ever Indian gold coin & bullion, bearing national emblem Ashok Chakra on one side and Mahatma Gandhi’s image engraved on the other side.
Rupee trades lower against US dollar
- Continuing its recent fall, the rupee depreciated 3 paise to 65.78 against the US dollar in early trade on Friday.
- The domestic currency had settled at a one-month low of 65.75 against the US dollar in the previous session on fresh dollar demand from banks and importers.
- Atlanta Fed President Dennis Lockhart, who is a voter on Fed’s monetary policy committee this year, said overnight that the central bank was deliberately trying to convince investors of a possible December interest rate hike in its last policy statement, and was successful in doing so.