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NDTV CEO resigns after CBI books promoters Prannoy and Radhikia Roy

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NDTV CEO resigns after CBI books promoters Prannoy and Radhikia Roy

[vc_row][vc_column][vc_column_text]Suparna Singh, the Interim CEO of Media firm NDTV resigned with immediate effect, the media company said on Thursday (August 22).

 “Suparna Singh has informed the company that she will step down from her responsibilities as Interim CEO with immediate effect,” NDTV said in a regulatory filing.

The matter will be placed before the board and committee members for consideration, it added. 

The media firm said pursuant to a board resolution on December 4, 2017, the board resolved to appoint Suparna Singh as its CEO subject to the receipt of requisite approval from the Ministry of Information and Broadcasting. “This approval was promptly applied for on December 12, 2017, but has not yet been received. Subsequently, Suparna Singh and the company entered into an appointment agreement to appoint Singh as the CEO where the appointment was conditional upon receipt of such approval,” NDTV added. Accordingly, Suparna Singh has been acting as the interim CEO during this interregnum, the company said.

The interim CEO resigned a day after the CBI has booked NDTV promoters Prannoy Roy and Radhika Roy for allegedly violating foreign direct investment (FDI) rules in a 2007-09 investment, a charge denied by the company. 

Also Read: It’s a directorial debut for Ira Khan

CBI also registered a First Information Report (FIR) against the former CEO Vikramaditya Chandra as well as unidentified government officials on charges of criminal conspiracy, cheating and corruption, officials had said on Wednesday (August 21).

It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions. A CBI team conducted searches at Chandra’s residence on Wednesday, according to the news agency.

This is the second FIR against NDTV as the CBI is already probing a case of alleged bank loan default against the company.[/vc_column_text][/vc_column][/vc_row]

India News

India issues advisory to nationals in Bangladesh amid job quota violence

Contact Numbers :
@ihcdhaka

+880-1937400591 (also on WhatsApp)

@ahcichittagong

+880-1814654797 / +880-1814654799 (also on WhatsApp)

@IRajshahi

+880-1788148696 (also on WhatsApp)

@ahcisylhet

+880-1313076411 (also on WhatsApp)

@ahcikhulna

+880-1812817799 (also on WhatsApp)

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On Thursday, India issued a caution advisory for its citizens and students in Bangladesh urging them to minimize their movement outside their residences amid escalating disturbance related to the proposed change in job quotas.

Sharing an advisory, the High Commission urged the Indian community members and the Indian students residing in Bangladesh to avoid travel and minimize their movement outside their living premises. In case of any urgency or case for assistance, please reach out to the High Commission and Indian Assistance High Commissions on the following numbers, the advisory added.

Contact Numbers :

@ihcdhaka +880-1937400591 (also on WhatsApp)

@ahcichittagong +880-1814654797 / +880-1814654799 (also on WhatsApp)

@IRajshahi +880-1788148696 (also on WhatsApp)

@ahcisylhet +880-1313076411 (also on WhatsApp)

@ahcikhulna +880-1812817799 (also on WhatsApp)

According to reports, the situation got worse, following the widespread clashes across the country,  after the deaths of six individuals, including four students and 100 others got injured in the demonstration.

In an ongoing situation in Bangladesh, the Indian community has been given instructions to avoid unnecessary travel and minimize their outside movement. Emergency contact numbers were provided for help from the High Commission and Assistant High Commissions.

Further, it was stated that on Wednesday, the unrest arose from protests initiated by students seeking reforms to change the quota system of government job allotment. These demonstrations peaked in a nationwide shutdown on July 18 in response to the actions of the security forces.

Asif Mahmud, a well-known figure in the movement, communicated plans for a global shutdown of all non-essential services, except critical institutions such as hospitals and some emergency services, which will remain closed and only ambulance services will be permitted. The movement called upon students from various educational institutions to participate actively and called on guardians to support their cause in a newspaper.

In response to the escalating tensions, security measures were enhanced with the deployment of Border Guard Bangladesh (BGB) troops in significant cities and the increased presence of police forces on university campuses.

This deployment was aimed at maintaining order and ensuring the safety of citizens amidst the volatile situation. The advisory emphasizes the importance of caution and availability among Indian nationals in Bangladesh to provide support and guidance while emphasizing the gravity of the ongoing unrest and its potential implications.

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India News

Karnataka Govt halts private jobs quota-for-locals Bill amidst criticism

The State Cabinet had on July 15 approved the Bill that gives reservation of 50% for administrative posts and 75% for non-administrative posts for Kannadigas in private industries and other organizations of the State.   

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The Karnataka government has paused a Bill that mandate job reservation for locals in the private sector amid criticism from the business community. The State Cabinet had on July 15 approved the Bill that gives reservation of 50% for administrative posts and 75% for non-administrative posts for Kannadigas in private industries and other organizations of the State.   

Karnataka Chief Minister Siddaramaiah, taking to X, has said that the government will have a relook at the bill before it is tabled in the state Assembly. He said the draft bill intended to provide reservations for Kannadigas in private sector companies, industries, and enterprises is still in the preparation stage. A comprehensive discussion will be held in the next cabinet meeting to make a final decision, he emphasised.

Earlier, Siddaramaiah said the Cabinet meeting has approved a bill to make it mandatory to hire 100 per cent Kannadigas for C and D-grade posts in all private industries in the State.

The post further read, “It is our government’s wish that the Kannadigas should avoid being deprived of jobs in the land of Kannada and should be given an opportunity to build a comfortable life in the motherland.” He said that his government is a pro-Kannada government and their priority is to look after the welfare of Kannadigas.

After criticism from the industry, the Karnataka CM deleted the post and then shared another post in Kannada that talks about giving reservation of 50% for administrative posts and 75% for non-administrative posts for Kannadigas in private industries and other organizations of the State.

Speaking to the media, Labour Minister Santosh Lad said the government is trying to introduce a law to give preference to locally available skills. He added that at the management level, it has been decided to provide reservations to 50% of the people.

At the non-management level, it has been decided to provide work to 70%, he said. If a particular skill is not available, people can be outsourced and they can be given work here. But the Government is trying to bring in a law to give preference to locally available skills, the minister further added.

In response to the government’s announcement about the passage of the Bill, industry leaders and unions voiced concerns that it would impede industry growth by pushing away skilled workers not protected by the quota. Nasscom, the apex body for the technology industry in India, stated that the Bill was “deeply disturbing”.

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India News

Karnataka CM Siddaramaiah deletes post on reservation for Kannadigas in private sector after backlash from business community

the Cabinet meeting held yesterday approved a bill to make it mandatory to hire 100 per cent Kannadigas for C and D-grade posts in all private industries in the State.

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Karnataka Chief Minister Siddaramaiah on Wednesday deleted his social media post on the reservation Bill, which reserves seats in groups C and D for Kannadigas only in the private sector, after backlash from the business community.

Announcing the Bill on X, Siddaramaiah said the Cabinet meeting held yesterday approved a bill to make it mandatory to hire 100 per cent Kannadigas for C and D-grade posts in all private industries in the State.

The post further read, “It is our government’s wish that the Kannadigas should avoid being deprived of jobs in the land of Kannada and should be given an opportunity to build a comfortable life in the motherland.” He said that his government is a pro-Kannada government and their priority is to look after the welfare of Kannadigas.

Later after criticism from industry leaders, the Kartnataka CM deleted the post and then shared another post in Kannada that talks about giving reservation of 50% for administrative posts and 75% for non-administrative posts for Kannadigas in private industries and other organizations of the State.

Speaking to the media, Labour Minister Santosh Lad said the government is trying to introduce a law to give preference to locally available skills. He added that at the management level, it has been decided to provide reservations to 50% of the people.

At the non-management level, it has been decided to provide work to 70%, he said. If a particular skill is not available, people can be outsourced and they can be given work here. But the Government is trying to bring in a law to give preference to locally available skills, the minister further added.

In response to the government’s announcement about the passage of the Bill, industry leaders and unions voiced concerns that it would impede industry growth by pushing away skilled workers not protected by the quota. Nasscom, the apex body for the technology industry in India, stated that the Bill was “deeply disturbing”.

Mohandas Pai, a Padma Shri Awardee and former CFO and Board Member at Infosys, also said that the government must focus on increasing jobs, training, and educating Kannada youth instead of driving away investment. Karnataka is India’s best state, adding that he said we should not destroy this. Pai termed the Bill as ‘discriminatory, regressive, and against the Constitution’ even as he attacked the ruling Congress for the decision.

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