News digest: Videocon case, NITI Aayog council meet, Cannes Lions, and more

The Centre stood by the Terms of Reference of the 15th Finance Commission, with PM Modi endorsing its suggestion that the Census 2011 should be one of the parameters for devolving funds to states

Videocon case: ICICI Bank weighs leave for Chanda Kochhar till probe report

ICICI Bank Chairman M K Sharma has written an email to board members seeking their opinion on whether Managing Director (MD) & Chief Executive Officer (CEO) Chanda Kochhar should be asked to go on indefinite leave until the internal enquiry is concluded, said people in the know. “In an email sent to board members last week, Sharma asked board members whether they agreed that Kochhar should go on indefinite leave until the ICICI Bank-constituted enquiry is completed to have a fair 

outcome,” said one of the persons cited above.