NSE red-faced as President Kovind pulls out of silver jubilee celebrations

His press secretary attributes it to busy schedule, says 'no clue' if it has anything to do with NSE chairman Ashok Chawla being named in a CBI chargesheet

President Ram Nath Kovind has pulled out of the launch of the silver jubilee celebrations of the National Stock Exchange (NSE) this week after invitations were sent out saying he would be the chief guest.

The invitation for the event at the country’s largest stock exchange was sent by NSE chairman Ashok Chawla and managing director and CEO Vikram Limaye. It had led to some disquiet in official circles as it involved Chawla, who is chargesheeted by the CBI in the Aircel-Maxis bribery case.

The event was scheduled in New Delhi on Wednesday but the President’s press secretary, Ashok Malik,