31

Friday
Snap POLL
August
2018 Q. Should social media YESTERDAY’S POLL RESULT:
be treated on par with Do you think SC was right
mainstream media during to release the five persons
`3.00 Ÿ Pages 14 general elections? arrested for Naxal links and
AHMEDABAD order house arrest instead?
[Link]
Yes No Can’t say
[Link] Go to our Twitter handle Yes  45%
[Link]/dna @dna, look for #DNAPoll No 47%
[Link]/dnaindia and vote. Can’t say 08%

24°C - 29°C AQI 106 BSE Sensex 38,690.10 32.83 NSE nifty 11,676.80 15.10 R.N.I. No. : GUJENG/2007/22424

EC plans to bring social media within the ambit of paid news

Manan Kumar forms in the ambit of paid news. said that India should prevail
[Link]@[Link]

New Delhi: With over 800 mil-

Currently, there is no specific
law against “paid news”. To make
it applicable, the EC resorts to
Monitoring Social Media over them to locate their servers
in India. “When it comes to en-
forcement of election laws, we
lion voters, the Indian election is invoking Section 10A read with n Indian polls will drive n SM companies deny role as media platforms, have to be ruthless. To make
the biggest voting event in the Section 77 of the Representation revenue and growth for global shirk responsibility on paid content and user them fall in line, we should even
world. Unarguably bigger than of Peoples Act (RPA) dealing with social media (SM) companies generation be ready to shut them off during
the World Cup or Super Bowl misreporting of funds and to the election period. We should
n FB, WhatsApp, Twitter, n They follow rules on hate content in the
events. Small wonders that social treat publication of “reports” as not think that it will be a retro-
European Union but not in India
media giants find it an ideal political advertising. Once Google derive largest users grade step,” Sampath said.
event to increase their revenue cleared, every promoted tweet, from India, due to limited n Facebook and WhatsApp have been battling Rawat said that the expert
and user base via media con- post and video by political parties presence in China the Indian government on content integrity committee of EC has spoken to
sumption. The Election Commis- on any of these social media plat- all social media platforms and
sion (EC) is now planning to treat forms would be construed as paid taken commitment from them
social media platforms like Twit- news. are taking all steps to contain tried to ensure that no harm is “The election related news on so- that any such material that can
ter, Facebook and WhatsApp Speaking to DNA, Chief Elec- this so that our elections do not caused to our elections through cial media should be treated as adversely affect elections will not
among other, potential carriers tion Commissioner (CEC), O P get influenced by it.” When asked social media.” paid news. The EC should be be on their platforms. “It will re-
of fake news that can influence Rawat said, “There are several if the EC is planning to treat so- Former CECs too are wary of more aggressive. If need be, the main in force from the time Mod-
polls, at par with the traditional allegations in the world against cial media at par with general the increasing influence of social EC should approach the top el Code of Conduct comes into
media. A change in the nomen- social media platforms and they media, Rawat said, “We are also media and the inability to control court.” effect till the time of declaration
clature may bring these plat- are subject to many probes. We considering it. So far we have it. Former CEC, H S Brahma said, Former CEC, V S Sampath of results,” he said.

RG slams Ambani, Asian

Games
2018
P10
India’s best show as athletics end

Amazon yet again Medal winners

GOLD
Jinson Johnson
(athletics, 1500m men)

Cong president says govt Hima Das, Poovama Raju,

Saritaben Gayakwad,

favouring crony capitalists

Vismaya Koroth
(athletics, 4x400
women’s relay)
Manan Kumar
Gold
[Link]@[Link] SILVER
New Delhi: Launching a no-holds- KM Puthanpurakkal,
Dharun Ayyasamy,
BB Yadav/dna

barred attack on the government, Con- Indian women (clockwise from left) Poovamma Raju, Hima Das and
gress president Rahul Gandhi on Thurs- Muhammed Anas, Vismaya Koroth celebrate their 4x400m relay gold on Thursday. (Right)
day accused the government of giving Aarokiarajiv Jinson Johnson is all smiles after winning men’s 1500m gold —AFP/PTI
leeway to Amazon, Ambani and other (athletics, 4x400 men’s relay)
crony capitalists. Challenging Anil Am- BRONZE n Jinson Johnson claims yellow Indian male to win a medal in the clocks 3:28.72s to win this event
Congress president Rahul Gandhi addresses a
bani to slap any number of defamation metal in men’s 1,500m and the 800m and 1500m at a single Asiad for fifth straight Asiad
press conference, in New Delhi on Thursday Seema Punia
notices against the Congress, Gandhi al- women quartet emerge triumphant after Amrit Pal (1500m silver, 800m n India end with 7 gold, 10 silver,
leged that Ambani opened his company (athletics, women’s
4x400m relay bronze) in 1962 Jakarta Asiad 2 bronze for a total of 19, their best
discuss throw)
a few days before getting the Rafale con-
tract in spite of having no experience in Demonetisation damaged PU Chitra
n Johnson clocks 3:44.72s for his
second medal after winning 800m
n The 4x400m quartet of Hima
Das, Poovama Raju, Saritaben
in athletics in Asiad outside India. It
is also their 2nd best medal count
building aircraft and despite being in a
debt of Rs 45,000 crore. nation irreversibly: Rahul (athletics, 1500m women) silver and becomes only the second Gayakwad and Vismaya Koroth from athletics since 1951 (31)

Gandhi also accused the government New Delhi: Even as Union Finance
of lying for saying that the price of Minister Arun Jaitley said on Thurs-

Guj girl gets nation a gold in relay

Rafale may seem higher than the UPA day that demonetisation spurred
deal but is in fact 20 per cent cheaper as growth, Rahul Gandhi stepped up the
the government negotiated for a fully op- offensive against the government.
erational and weapon loaded aircraft. “Notebandi is nothing less than a
Producing a copy of the India-France huge scam,” the Congress chief said, DNA Correspondent father, a farmer, makes less of the Sports Authority of
joint statement, Gandhi said, “It says, adding that Prime Minister Narendra correspondent@[Link] than Rs 15,000 a month other Gujarat (SAG), who trained
listen carefully, that the aircraft and as- Modi caused “irreversible damage” than the modest livelihood he her at a sports academy in
sociated systems and weapons would be to the economy.  Report in DNA Money Ahmedabad: Gujarat girl earns from the crops. Nadiad, said Gayakwad is im-
delivered on the same configuration as Saritaben Gayakwad, 22, was She has played in the Khel mensely talented. He said her
had been tested and approved by the part of the women’s relay Mahakumbh event in Guja- discipline is what makes her
Indian Air Force.” this statement sitting alongside Hol- team that won the nation a rat. Her current coach, Aji- unique. “She talked to me for
“This point that the configuration lande (former French President) was not gold in the Asian Games on mon KS, first spotted her dur- half an hour before the race.
will be the same is written in the joint Narendra Modi? When it is clearly writ- Thursday. ing the Women’s State Ath- She was very happy to repre-
statement signed by the Prime Minister. ten it is going to be the same configura- Gayakwad hails from a letic Championship in 2015 sent India. I don’t think she
But the PM is saying something else. tion means that this man is lying,” Gan- tribal family in Karadi Amba and asked her to train for was under any pressure Saritaben Gayakwad, 22, hails from
Does this mean that the person who gave dhi said.  Turn to P4 village in Dang district. Her hurdles too. The expert coach whatsoever,” said Ajimon KS. Dang district

NDA devises 20-20 share formula for Bihar

Vithika Salomi Sabha, is likely to get 12 seats; the LJP,
[Link]@[Link] which has six incumbent MPs, would
be accorded five; and the RLSP, which
Patna: The National Democratic Al- has three MPs at present, will get two,
liance (NDA) has drafted a 20-20 seat one of which will go to dissident MP
sharing plan for Bihar’s 40 constitu- Arun Kumar, sources said.
encies that go to polls during the 2019 The formula comes amid pressure
Lok Sabha elections. The Bharatiya PM Narendra Modi and Bihar CM Nitish Kumar from NDA allies on BJP to finalise the
Janata Party will “sacrifice” two of share of seats. But there are no official
its incumbent seats and contest from Samata Party (RLSP) on the remain- confirmations so far. “These things will
20, while accommodating allies Ja- ing 20 seats. be decided by our central leadership,”
nata Dal-United (JD-U), Lok Jana- As part of the arrangement, the JD- said state BJP chief Nityanand Rai.
shakti Party (LJP) and Rashtriya Lok U, which has only two MPs in Lok  Full report on [Link]

Hardik gives
up water on
Police claim they have firm China issues
flood alert for
day 6 of fast proof against ‘urban Naxals’ Brahmaputra
Patidar leader Hardik Patel, Anurag Bende lakha, Vernon Gonsalves, DNA Correspondent
who went on an indefinite fast [Link]@[Link] Varavara Rao and Arun Fer- correspondent@[Link]
last Saturday to demand reser- reira – are members of the
vations for his community, Pune: A day after the Su- Communist Party of India New Delhi: China has alerted
also gave up water on the sixth preme Court sentenced five (CPI) (Maoist) and responsi- India about the rising water
day of the protest, even as doc- activists to house arrest, top ble for setting up city units of levels in its transboundary
tors once again advised him to officers from Pune police the outlawed group. The peti- Tsangpo river, called Siang in
get hospitalised. On Thursday, said they have ‘very strong’ tion did not mention a plot to Arunachal Pradesh and Brah-
a group of community mem- evidence against those ar- assassinate Prime Minister maputra in Assam, leading to
A protest against the arrests, in Delhi
bers also got their heads ton- rested earlier this week to Narendra Modi, facilitate possibility of floods in down-
sured to press for their de- prove that they were trying to had filed a document in a Maoist funding or procure- stream areas, according to of-
mands including Patidar spark countrywide violence Pune court asking for their ment of weapons.  Turn to P4 ficial reports on Thursday.
quota in higher education and by inciting the oppressed custody, giving 16 reasons for The fresh threat of flood,
government jobs, as well as class, and the Elgaar Pari- the request. The document 2nd front page which follows heavy rainfall
loan waiver for the communi- shad was their platform. said all the activists — Sudha over Tsangpo, has triggered
ty’s farmers.  Report, P2 On Wednesday, the officers Bharadwaj, Gautam Nav-
‘Took cue from separatists’ P14 panic in the north-eastern
states, with the East Siang dis-
trict administration in

Muslim ‘brother’ performs Hindu’s last rites

Arunachal cautioning the
public to stay away from the
regions surrounding the river.
A notification issued by
Gargi Raval had an emotional and social the administration quotes
[Link]@[Link] humanity above all bond with the Maleks. How the report received from the
Kishor Thakor’s father is could I take away the right to Chinese foreign ministry to
Ahmedabad: In a stellar an accused in the Naroda perform his last rites from state that the river, on the
example of interfaith broth- Gam massacre. Kishor’s them? For me, Yusuf is his other side of the border, has
erhood, the final rites of a last rites were performed elder brother,” said Baldev. seen the highest runoff in
Hindu man, whose father is by Yusuf Malek, whose On August 23, Kishor was half a century — with a dis-
an accused in the 2002 Naro- brother is a witness in the returning from Dholka after charge of 9,020 cubic metre
da Gam massacre, were Yusuf’s father with Kishor Thakor, riots case. meeting his cousin sister, per second on Wednesday.
performed by a Muslim man, 23, who was killed in a mishap when he met with an acci- Assam’s Dibrugarh dis-
whose brother is a witness in dent. Since he didn’t return trict administration also is-
the riots case. 40, could be seen with a cused in the post-Godhra ri- till late night, Yusuf called sued an order asking officers
Kishor Thakor, 23, died in shaved head, in keeping with ots, said that when his son’s him up. But a cop answered not to leave the district head-
a road accident last week, the Hindu ritual of tonsure. body was brought home, he Kishor’s cellphone and told quarters as “there may be
and at his condolence meet Kishor’s father Baldev, a asked “Yusufbhai” to per- Yusuf that he had been hos- unprecedented rise in the
on Thursday, Yusuf Malek, resident of Naroda who is ac- form the final rites. “My son pitalised.  Turn to P4 water level in Brahmaputra”.
 02 
daily news & analysis I Ahmedabad I FRIDAY, AUGUST 31, 2018
ah edabad
[Link] I [Link]/dna I [Link] I [Link]/dnaindia

Hardik gives up water on Day 6 Man kidnaps hubby

Sedition case:
Hardik faces
The Patidar quota agitation leader has lost over 4 kilos since he began his fast on Saturday
summons
A court here asked on Thurs-
of ex-wife, arrested
DNA Correspondent

Judge recuses self from

DNA Correspondent day Patidar quota agitation correspondent@[Link]
correspondent@[Link] leader Hardik Patel — who
has launched an indefinite High drama played out in
Patidar quota stir leader fast from his house — to ap- Mehsana on Wednesday when
Hardik Patel, who is on a pro-
test fast since Saturday, also
gave up water on the sixth
day of his fast on Thursday,
PAAS’ plea hearing pear before it on September 14
in connection with a sedition
case. The sessions court will
start framing of charges in
a bunch of men abducted the
principal of a school from his
office. The culprits, however,
were apprehended shortly af-
even as doctors once again DNA Correspondent the case against Patel and two ter by villagers.
advised him to get hospital- correspondent@[Link] of his former aides from Sep- A 50-year-old man and his with his mother, but his moth-
ised. The sixth day of the pro- tember 14. Framing of charg- four friends got inside the er did not want him. Bhavesh
test fast also saw a group of A Gujarat High Court judge es is a process after which the Hadol Primary School located wanted to teach his ex-wife a
Patidar men getting their on Thursday recused himself trial starts. in Satlasan of Mehsana, lesson and so, made a plan to
heads tonsured to press for from hearing a petition filed Hardik Patel’s lawyers in- threatened the school princi- abduct his ex-wife’s current
reservation for Patidar com- by PAAS in which they have formed the court that he could pal Hitesh Patel with a gun husband.
munity in higher education Hardik Patel during the indefinte fast — Pravin Indrekar/ DNA accused the city police of cre- not remain present today as he and knife, fired two rounds in On Thursday, Bhavesh and
and government jobs, and ating hurdles in the fast being was on hunger strike at his the air and abducted him. four of his friends reached
farm loan waiver. Till farmers are not given loan waiver, and carried out by Hardik Patel. house near Ahmedabad over Later, all five were nabbed by Hitesh’s office in a car and
Hardik, who has lost over reservation is not provided, the protest fast Justice RP Dholaria said the quota demand. the police after villagers asked him to come with them.
4 kilos since he started fast- and our fight will continue. “not before me” when the mat- As co-accused Chirag Patel stopped them by blocking the- When Hitesh refused, Bhav-
ing on August 25, was taking ter came up for hearing. This and Dinesh Bambhania were ir way. The accused have been esh pulled out his gun and
water so far, while abstaining Hardik Patel, PAAS leader on Twitter is the second time that justice side would look into it, and present, public prosecutor Su- identified as Bhavesh Patel fired two rounds in the air,
from any kind of food. How- Dholaria has recused himself that it could not be disturbed dhir Brahmbhatt requested (50), Ajay Goswami, Yasvant- abducting Hitesh and leaving
ever, he announced in the Six Patidar men got their din Shaikh, Imran Khedawa- from a case involving the in the middle of proceedings. the court to start with framing sinh Zala, Vijay Goswami and the school. No one was in-
evening that he had also giv- heads tonsured to protest la and Baldevji Thakor, met PAAS leader. Earlier, he had It has been five days since of charges in Hardik’s ab- Jagdish Solanki. During the jured in the incident, but the
en up water on the sixth day “against the state govern- Hardik and extended their opted out of hearing a sedi- the young Patel leader began sence. As the lawyers of both investigation, it was revealed school children were scared
of his fast. ment and police’s dictator- support. tion case against Patel. his fast at his residence in the accused were also not pre- that Bhavesh was the main ac- and there was chaos inside
Hardik, on Twitter, ac- ship”, Hardik said. Earlier in “We agree with Hardik’s Babu Mangukiya, the law- Gandhinagar. In the petition sent, sessions judge DP Mahi- cused behind the entire act. the campus. The sound of fir-
cused the state government the day, Aam Aadmi Party demands, and are here to sup- yer for PAAS, had earlier filed by PAAS, the organisa- da adjourned the hearing to According to the police, ing alerted the villagers who
of “suppressing the voice of MLA from Delhi Colonel De- port him,” Shaikh told re- sought urgent hearing in the tion has sought the court’s September 14. The Ahmed- around 11 years ago, Bhavesh gathered on the road near
people”. Doctors from Sola vendra Sherawat visited porters. Babaria said that the matter with Justice Dholaria. directions to the police that abad crime branch had regis- had gotten married to Sunita Hadol river, blocking the car’s
Civil Hospital, who examined Hardik and offered his sup- manner in which police had He later went to the division people who come to meet Patel tered a case of sedition against (name changed) and the cou- way. The villagers started
Hardik today, once again ad- port. Hardik’s grandfather been deployed to prevent peo- bench headed by Chief Jus- be allowed to do so. The peti- Hardik Patel and others for ple later had a son. Three pelting stones at the car and
vised him to get hospitalised, too was among the visitors. ple from reaching Hardik’s tice R Subhash Reddy after tion alleges that the cops are allegedly instigating violence months ago, Sunita left managed to stop it. Soon, Sat-
saying that continuing the Later, Congress leaders residence was similar to a the recusal. The bench agreed turning away most of the “with the intention of dislodg- Bhavesh and got married to lasan police were infromed
hunger protest could affect Deepak Babaria and Jagdish dictatorship. to consider his request and visitors who come to the ven- ing the government” during Hitesh Patel. After the couple about the incident and all five
his vital organs. Thakor, and MLAs Gyasud- Full report: [Link] said that the administrative ue. Full report: [Link] the 2015 quota agitation.—PTI were separated, Bhavesh’s accused were handed over to
10-year-old son wanted to live them.

in brief on the edge

Break-in worth
`1.7lakh in
Sex racket
busted; 3 held
PI, PSI among 53 offenders
Sardarnagar
A complaint of the
five rescued
DNA Correspondent
fined for breaking traffic rules
break-in was lodged correspondent@[Link]
with the Sardarnagar
police station on Naranpura police, on Wedn- Business bodies
Wednesday by Jaya Tul-
siyani, a resident of
esday night, busted a sex
racket which was being run to meet, solve
Bangalore. The com-
plainant told police that
inside a bungalow located in
Naranpura area of the city.
parking problem
she has a house in Vai- During the operation, five DNA Correspondent
kunt Vihar society locat- women were rescued and correspondent@[Link]
ed near Galaxy Naroda three accused including the
road. Unidentified peo- pimp was arrested. Businesses bodies in and
ple broke into her house As per the police, they got around Ahmedabad will
on August 29 and made a specific tip-off about a sex DNA Correspondent awareness among our own hold a meeting on Sep-
off with valuables worth racket that was being run in- correspondent@[Link] staff that traffic rules are tember 8 to discuss road
Rs1.7 lakh. Police have side bungalow number 6 of meant for everyone and that encroachments’ issue.
taken the complaint and Kishor Colony located in The Ahmedabad traffic police police officers are not an ex- AMC has asked the shop-
investigation is on. Youth stand at the footboard edge of a crowded AMTS bus in Ahmedabad on Thursday — Pravin Indrekar/ DNA Naranpura. Acting on the in- department, on Thursday, con- ception. We are planning to keepers to remove their
formation, two teams were ducted a surprise traffic drive conduct such a surprise drive boards which do not meet
Air Marshal Dhir’s made for the operation and a in the city to catch police offi- every month.” the specifications of the
farewell visit

Govt warns citizens against

dummy customer was sent to cials who were not following During the drive, around 53 civic body.
Air Marshal RK Dhir, the bungalow to trap the ac- traffic rules and regulations. police officers, including PI, “We have asked the au-
Air Officer Command- cused involved in the racket. The drive was conducted PSI and constable-level offic- thorities to first intimate
ing-in-Chief South West- At around 11pm on outside the city commission- ers were fined by traffic cops, the shopkeepers of what

fly-by-night operators
ern Air Command, visit- Wednesday, police raided the er’s office, police headquar- for not wearing helmets, not wrong they have done
ed the Air Force Station bungalow and rescued five ters and the crime branch of- wearing seatbelts and having and given them a chance
Jamnagar on his fare- women who had been forced fice. The entire drive was su- illegal number plates, among to rectify. If they don’t
well visit on Wednesday. into the sex racket and nabbed pervised by three traffic depu- other reasons. A total of Rs rectify, we can take ac-
He was accompanied by DNA Correspondent three accused identified as ty commissioner level officers 5,300 was recovered in fines tions,” said Jaimin Vasa,
Mrs Neelam Dhir, presi- correspondent@[Link] Manoj Trivedi, Varsha Joshi and a total of around 30 police from the offenders. president of GCCI, which
dent of Air Force Wives and Kinjal Tardiya. staff were deployed at the “The police need to have is mediating between the
Welfare Association (Re- A senior state government of- Further investigation re- spots. respect for rules and regula- civic body and the shop-
gional). The Air Marshal ficial on Thursday asked citi- vealed that Trivedi was the Sanjay Kharat, traffic DCP tions. If our own staff doesn’t keepers.
was presented a guard zens to be on the guard against one who used to supply the West, said, “We had earlier follow them, then how can we Meeting of AMC offi-
of honour. He addressed financial frauds committed girls while Joshi looked after also conducted a drive specifi- expect citizens to follow them cials with the representa-
the air warriors and ex- by fly-by-night operators. them and managed the finan- cally to catch police officers and respect us? We are trying tive of trade and industry
horted them to continue State’s finance secretary cial deals. Tardiya was a cus- who were not following traffic to make the rules strict for in each of the zones will
working for the nation Arvind Agrawal was speak- tomer. Inspector JR Patel of rules and this is the second ourselves, then we will imple- also take place to chalk
with zeal. ing at the 34th State Level Co- Naranpura police station time we have done it. This ment on others,” Kharat out matters.
ordination Committee meet- said, “We have found out that drive was conducted to create added.
Agitation against ing, which was held to review the pimp Trivedi was supply-
Rafale deal progress of the action taken ing the girls to the customer
Congress will launch an against those who had com- and we suspect that he also
agitation in Gujarat
against what the party
mitted financial frauds, in
Gandhinagar. Photo for representation
supplies girls to other people
in the city. Further investiga- 25 cases lodged as minors break traffic rules
claimed were scams in “People need to watch out tion will reveal more about DNA Correspondent lodged against the parents vehicle. Now, the parents
the Centre’s purchase of against fly-by-night operators ment said that 11 applications Sahara Q Shop (Vadodara), the case. Currently, we have correspondent@[Link] of minors, for allowing will have to go to the court,
the French-built Rafale and those offering promises have been made to attach 114 Sahara Credit Co-op Society registered a case against the their kids to drive vehicles pay the fine and recover the
fighter aircraft and the of impossible financial re- properties. (Ahmedabad), and Capage Se- three and further investiga- Another drive was conduct- without a driving license. vehicles. If the parents fail
state government’s pro- turns. The government and In the last meeting of the curities and Capital Cloud tion is on. “ ed by Ahmedabad Traffic All the vehicles were to pay to the fine, they can
curement of ground- Reserve Bank will take the Committee, chief secretary Research (Ahmedabad), were Police Department in Traffic seized by the traffic cops get three months jail,” San-
nuts, the party’s Gujarat necessary action, but citizens JN Singh had said that the reviewed in the meeting. B division areas of the city and their parents were jay Kharat, Traffic DCP
in charge Rajeev Satav also need to be alert,” he said. police had attached Rs74 crore Review of complaints on Thursday. called to the police station. west, said.
said. Congress’ LS MP RBI’s regional director JK assets and initiated legal against Katodia Financial The drive was held under As per police officer, the The drive was conducted
from Hingoli in Maha- Dash, senior bureaucrats and steps against fraudsters. The Services of Ahmedabad, the supervision of K.D Na- drive was conducted after it to create awareness among
rashtra said that the agi- police officials, who are part state government said in a Apna Group Apna Telcon kum, Police inspector of B was seen too many minors the parents so that they
tation would demand the of the Committee, also at- statement on Thursday that (Anand), Aapka Rozgar Ser- division traffic. and schoolchildren were would stop allowing their
setting up of a JPC to tended the meeting. The state cases against Incomewalls. vices (Ahmedabad), India Around 25 cases of mi- riding two-wheelers. underage kids vehicles. All
probe the Rafale pur- government plans to return com of Vadodara, Raj Moral Green Realities (Ahmedabad) nors violating the traffic “We have seized all 25 ve- the 25 kids didn’t have a
chase as well as inquiry monies of victims of finan- Investment and Finance and Global Human Rights rules were lodged with the hicles from the minors and driving license and most of
by a sitting SC judge into cial frauds by attaching and (Ahmedabad), Umeed Infra Protection Council (Rajkot) B division of traffic police lodged cases against their them also didn’t wear hel-
groundnut procurement. auctioning assets of fly-by- Project (Jamnagar), Prithvid- was also undertaken. station. The cases were parents for allowing them a mets.
night operators. The state- hara Cropcare (Bhavnagar), Full report: [Link] Photo for representation

MSMEs have been worst affected Odhav locals

protest AMC’s Indian, foreign biz bodies at next VGS
by Rupee depreciation, says GCCI evacuation
DNA Correspondent
correspondent@[Link] conclave cast
„„Chamber of Comm-
will have Buyer-Seller Meets,
B2B meeting, opportunities
for vendor development for
DNA Correspondent DNA Correspondent Chamber of commerce of MSMEs as well as interaction
correspondent@[Link] biz buzz correspondent@[Link] nearly 20 states and about 26
erce from states will
with academia of the premier
participate in national
from abroad will participate in institutes for higher educa-
GCCI has appraised state conclave while those from
Small businesses have been Residents of Odhav have cre- conclaves during the upcom- tion in and around Ahme-
and central government abroad will participate in
the worst affected because of ated a hue and cry after the ing Vibrant Gujarat Summit dabad. GCCI has entered into
of the problems, small a global conclave, being
deprciation of Rupee, Jaimin AMC sealed all five blocks in January 2019. Memorandum of Understand-
units face in getting held as a part of MSME
Vasa, president of Gujarat that were considered ‘danger- The move is expected to ing (MoU) with close to 40
institutional finance. Conclave, said Jaimin
Chamber of Commerce and ous’ by the administration. result in the formation of a business bodies abroad. It has
Banks have tightened Vasa, president of GCCI.
Industry (GCCI) said here on Apart from putting up short- consortium of business bod- invited all of them for the
norms after Rs 11,000
Thursday. time notices, huge banners of ies from across the country, to „„Conclave will try to Global Conclave.
crore fraud by Nirav Modi.
Vasa said that rising input warning people to stay away effectively represent their address three major “We have received confir-
cost has reduced the capacity from the blocks was also dis- cases with state and central challenges faced by mation from 26 organizations
utilization of companies and means that price of petrol played on Friday. governments. the MSMEs across the and hope that all the 40-odd
if things continue in this and diesel will also rise,” he drop further if things do not However, as soon as AMC Chamber of Commerce country. bodies will participate in the
fashion, many companies said. Brent Crude was quoted improve. Some of the units put up notices, the residents from states will participate in conclave,” said Vasa.
may shut down resulting in at 77.96 Dollar per barrel. are shutting down operations started protesting stating they a National Conclave while GCCI will have at least one
job losses. Under the combined im- and more could follow. were not even allowed to take those from abroad will partici- es faced by the MSMEs across states. “It will enable the ex- of its representative in the
Rupee touched a low of pact of Rupee, crude oil has “During a meeting with their belongings. Girish pate in a Global Conclave, be- the country. These are up- change of ideas among busi- delegation by state govern-
70.90 per Dollar on Thursday. increased input costs of busi- RBI officials, we have said Solanki, a resident, said resi- ing held as a part of MSME grading the technology as nessmen of different states ment that will conduct road-
It dropped by more than nesses making them uncom- banks may stop giving Letter dents demanded that the au- Conclave, said Jaimin Vasa, well as bottlenecks in market- and even sharing of business shows in different states as
10% in just a year. petitive in global as well as of Undertaking (LoU) and thorities should allow them to president of Gujarat Chamber ing and in getting finance,” opportunities,” said Vasa. well as in different countries
“Forget about sustaining local market. The demand is Buyers Credit (BC) to large collect their belongings. of Commerce and Industry Vasa told media persons in The MSME Conclave will as a part of Vibrant Gujarat
in global market, it is diffi- local market is also subdued. companies and continue the “Number of residents staying (GCCI), which is given the ta-sk the city. The National Con- showcase capabilities of dif- Summit. A Vibrant Gujarat
cult to compete even in do- Vasa said the manufactur- facilities to smaller compa- on the street is increased as of organizing MSME Conclave clave may also result in the ferent sectors of Gujarat and Shopping Festival is being
mestic market,” said Vasa. ing units are working at nies to enable them keep very few are willing to leave by state government. formation of a national con- enable businessmen to get planned to showcase the ex-
“Moreover, the price of about 50-60% of their in- their cost of finance low,” the area and go back to their “The conclave will try to sortium of all the apex cham- orders from within the coun- pertise in textile as well as
crude is also rising. This stalled capacities and it will said Vasa. relatives,” Solanki said. address three major challeng- ber of commerce in respective try and even export orders. It gems and jewellery sector.
 ah edabad
[Link] I [Link]/dna I [Link] I [Link]/dnaindia
03
Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis

SVPI proposes `20 Co for Sabarmati terminal

in brief
Mgmt school
defers two
papers for all project to be decided by Nov
Cow owners protest outside
AMC demanding release
for 30-min parking DNA Correspondent
Correspondent@[Link]

After a day, authorities of KS

School of Business Manage-
DNA Correspondent
correspondent@[Link]

The company that will con-

of their cattle ahead of
Janmashtami. Airport authority sends proposal to AAI saying cars be ment of Gujarat University
arrived at an amicable solu-
struct the Sabarmati terminal
at Rs 1.08 lakh crore for the

32 IPPB branches charged a nominal amount for first 30 mins of parking tion for Jain students seeking
deferring of exams owing to
much-awaited
dabad—Mumbai Bullet Train
Ahme-

their annual holy festival Par- project will be finalized by the

across Gujarat Tanushree Bhatia
[Link]@[Link]
yushan. While the institute
has not made major changes to
first week of November, an of-
ficial of National High-Speed
Thirty-two branches of the schedule, they postponed Rail Corporation Ltd (NHSR-
India Post Payments Passengers travelling to last two papers. Interestingly, CL) said here on Thursday.
Bank and about 8,900 ac- Sardar Vallabhbhai Patel In- the changes are not just for The project is expected to
cess points in post offic- ternational ( SVPI) airport Jain students, but for all as the cost Rs 300-400 crore.
es, will be set up in Guja- are going to heave a sigh of institute does not want to set a “Sixteen companies are in
rat, said Gautum Bhat- relief. If the proposal by the wrong example. the fray to construct the Sa-
tacharya, CGM for India Sardar Vallabhbhai Patel In- Nearly 100 students had de- barmati terminal. We had a Photo for representation
Post in Gujarat. The ternational airport is passed manded their mid-semester pre-bid meeting on Wednes-
IPPB is being set up give by the Airports Authority of exams, clashing with Pary- day. The bids will open on Oc- theme of the famous Dandi
a fillip to digital pay- India (AAI), then cars will ushan (annual holy festival), tober 5 and the company will
Work on tracks March by Mahatma Gandhi in
ment services in rural have to pay ónly Rs 20 entry to be deferred. Paryushan is a be identified in next 30 days,” The project is expected 1930, which marked the begin-
and semi-urban areas. fee. The fee will be valid for 30 period of fasting for Jains, said Dhananjay Kumar, the to cost Rs 300-400 ning of the Civil Disobedi-
PM Narendra Modi will minutes. which will be held from Sep- spokesman of NHRCL. crore. The company that ence Movement against the
dedicate services of Travelling to the airport Cars enter Sardar Vallabhbhai Patel Int’l Airport — Pravin Indrekar/ DNA tember 6 to 13, and will clash The company will have to bags the offer will have British government.
IPPB on Saturday, which has been a nightmare as com- with their mid-semester, complete the work in next 30 to complete the work in NHSRCL has undertaken
will be marked by simul- muters have to return after PASSENGER SPEAK entry fee chart which are slated to be held be- months as the bullet train is 30 months as the bullet the work to transplant trees
taneous launch of 650 dropping or picking up in ten tween September 1 to 12. Prit supposed to start functioning train is supposed to start falling in the rail corridor. An
branches across country. minutes failing which car A 30-year-old Kruti Patel Fee to be charged for Jain, a second-year student by August 15, 2022. The termi- functioning by Aug, 2022. estimated 2,500 trees will have
owners had to pay Rs 85. often visits the airport to first 30 minutes said, “They have not made any nal in Mumbai will be at Ban- to be transplanted. This is be-
Leftist bodies Often, passengers would Two-wheelers: `10 changes except two papers. dra-Kurla Complex (BKC) in ing done through a hydraulic
condemn arrests drop her husband. She
return within time but had to Cars: `20 But since we do not want to Mumbai connecting the 508- hub to the platforms from machine. The route will have
says, “To avoid Rs 85, I
Leftist organisations pay while waiting in the long Buses and trucks: `30. disturb other students this km route. The Sabarmati ter- where the passengers can 12 stations and it would take
across state have con- queue at the toll-booth. The used to wait near Taj cir- time we will co-operate.” minal will be a multi-modal catch the high-speed train. about three hours for the
demned the arrest of new proposal, being consid- cle till my husband would The institute called for a hub which where bullet train, There is also a proposal to de- train to cover the 508-km dis-
Overstay between 30
senior human rights ac- ered by the AAI, seems peo- come out of the terminal. minutes until 2 hours meeting with faculty members Ahmedabad metro train and velop the terminal as a major tance between Ahmedabad
tivist and social activist ple friendly. However, now even cops Two-wheelers: `15 on Thursday after which a de- Bus Rapid Transport Service business hub with office and Mumbai. The train will
by the Maharashtra po- Early this week, have started harassing Cars: `55
cision was taken. (BRTS) will converge. space and hotels. be capable to reach the peak
lice. The administration Ahmedabad airport director people who stand near Mini-bus: `60
“If we allow one group, oth- A pathway will connect the The terminal will be on the speed of 320 km per hour.
steered by the BJP is in- Manoj Gangal had visited the circle. I think this is a ers will demand the same in
dulging in a fascistic Delhi to submit the proposal Trucks, buses and coaches: `70 future. Also, we have to set a
good decision as Rs 20
move on the grounds of and had a high-level meeting precedent hence have allowed
for 30 minutes does not After two hours
their alleged involve- with the AAI chairman Gu- their practical exams to be de-
ment in the Bhima-Kore- ruprasad Mohapatra. pinch.” `20 per hour ferred,” Jayraj Pandya, Direc-
gaon incident. This is The “free” time of ten tor, KS School of Business
being done to suppress minutes is being dispensed Management, said.
the voice of protest and away, as per the proposal, system and Rs 20 per hour customers.
to create fear among the said a highly placed source at will be added to the same.” A statement issued by air-
protesting people. the airport. AAI officials The AAI chairman is tak- port authorities on Saturday
said, “The proposal introduc- ing into consideration all the stated: With effect from Au-
Gold-chain worth es a nominal fee at the entry aspects before giving a final gust 24, authorities have dis-
`35K snatched of the airport. While for first nod for the parking fare. continued the services of out-
A complaint of chain- 30 minutes, two-wheelers will Last week, the SVPI au- sourced car parking manage-
snatching was lodged be charged Rs 10, cars Rs 20 thorities had discontinued ment agency. As an interim
with Naranpura police and coaches, buses and the services of outsourced measure, car park will now be
station by Aasha Par- trucks Rs 30. If vehicles stay car parking management managed temporarily though
mar, of Naranpura. She put beyond 30 minutes until 2 agency after receiving many ex-defence officials under Di-
told police that while hours, two-wheelers will be complaints. The airport au- rector General of Resettle-
she was passing by the charged Rs 15, cars Rs 55, thorities have also registered ment. We will soon invite
Pragatinagar on August SUV and mini-bus Rs 60 a police complaint against fresh tenders with improved
29, her gold chain worth whereas trucks, buses and the present agency handling criteria. During the interim
Rs35,000 was snatched coaches Rs 70. After two the booth and in the past, period, visitors of the airport
by two bike-borne men. hours, the charges will be ap- have imposed heavy fines on my face some inconvenience
plicable as per the existing them for misbehaving with which is regretted.”

HSRP installation deadline extended

DNA Correspondent crore vehicles, i.e. almost half
correspondent@[Link] An estimated of 12 lakh HSRPs were being of the total 2.40 crore vehicles
installed in vehicles every month, and we registered in the state, are still
With more than 1.20 crore vehi- would increase the number to cover all without the HSRP.
cles in the state still without The high security registra-
the mandatory High Security vehicles at the earliest. tion plates are required to be
Registration Plates (HSRPs), RM Jadav, Transport commissioner installed in all vehicles, old
the state government on and new, in view of a Supreme
Thursday extended the dead- Court order of 2013.
line for installing the Plate till til March 31. The deadline was now till the end of this year. Jadav had told DNA last
December 31. then revised to April 30, but “The deadline for getting month that an estimated 12
This is the seventh exten- was extended again till July 31 high security registration lakh HSRPs were being in-
sion for fitting HSRP in vehi- in view of a large number of plates fixed in vehicles has stalled in vehicles every
cles. The original deadline was vehicles still sans HSRP. At the been extended,” commissioner month, and that they would
January 5, which was extended end of July, the deadline was of transport RM Jadav, said. increase the number to cover
until February 15, and then un- extended till August 31, and According to officials, over 1.20 all vehicles at the earliest.

Domicile case: Guj reiterates HC sends notice

to AMC over
that Indian citizenship a must Janmitra cards
DNA Correspondent DNA Correspondent
correspondent@[Link] what the counsel said correspondent@[Link]
nThe state said that in this case the birthplace of the
The state government on A division bench of the Guja-
petitioner was the UK, hence she did not fulfill one of the
Thursday reiterated that In- rat High Court issued notices
important prerequisites for obtaining domicile certificate.
dian citizenship was a sine to the Ahmedabad Municipal
qua non for obtaining domicile n The state government also apprised the court of the Corporation and others in
certificate. fact that until 2018-19, OCIs were not granted admission connection with a PIL that
The state was arguing in a to medical courses, and this was the first time they were challenged the civic body’s
case in which students had eligible to apply in Gujarat move to make smart cards
challenged a government no- mandatory for travel in BRTS.
tification which had stated The PIL alleged that these
that only NRIs and Overseas titioner was the UK, hence Resident Indians in the NRI smart cards could be brought
Citizens of India (OCI) could she did not fulfill one of the quota. The state argued that only by debit or credit cards
apply under NRI quota. important prerequisites for they cannot be permitted in and not by cash. The counsel
Students who have studied obtaining domicile certifi- the general category. Khemchand Koshti who is
in Gujarat since Class 1 but cate. The state government As to why it had made dom- also the petitioner in the case
are citizens of the UK and the also apprised the court of the icile certificate mandatory, argued that even the Indian
US were denied domicile cer- fact that until 2018-19, OCIs the government said that Railways and the Metro Rail
tificates citing that they were were not granted admission medical education was highly in Delhi provided the smart
not Indian citizens. Further to medical courses, and this subsidised with taxpayers’ cards but none banned the use
hearing in the case will be was the first time they were money. The state counsel said of cash to purchase these
held on September 4, and the eligible to apply in Gujarat. cases where parents are Indi- cards. It stated that to obtain
court has asked the counsel The counsel for the state an citizens and the child is a this card, people had to fill
for the Ministry of Home Af- said architecture, medicine citizen of some other country forms of a private bank
fairs to be present. and a few other fields of edu- (born there), it could have wherein they had to part with
The state said that in this cation were open for OCIs but been a result of either choice personal information which
case the birthplace of the pe- they can only apply as Non or exigency. was a violation of privacy.

State to get six more passport centres

DNA Correspondent will come up in Gandhinagar, cussed.
Correspondent@[Link] Patan, Amreli, Sabarkantha, Earlier, inaugurating the
Bardoli and Surendranagar, outreach programme, Akbar
Gujarat will soon get six more minister of state for Non Resi- said that the External Affairs
Passport Seva Kendras, a top dent Gujaratis (NRG) division Ministry had tried to connect
functionary in the union gov- Pradipsinh Jadeja told report- Non Resident Indians with the
ernment announced after a ers. “We had demanded that countrymen. “We have built a
meeting with state government six Passport Seva Kendras be strong bridge to connect the
officials on Thursday. established in Gujarat. He (un- two hearts,” he said. Akbar
“We are announcing six ion minister) given a favoura- MJ Akbar addressing the event also said that the best minds
new Passport Seva Kendras,” ble response to our demand, were coming back to the coun-
union minister of state for Ex- and accepted it,” Jadeja said. ber of the centres was five try due to the “atmosphere of
ternal Affairs, MJ Akbar, told From 19 at present, the when Narendra Modi became trust created among the NRI
reporters after the State Out- number of Passport Seva Ken- the prime minister in 2014. community”. In his address,
reach Programme on Consu- dras in the state will go up to 25 During the programme, Jadeja said that Gujaratis had
lar, Passport and Diaspora Is- when the new centres become matrimonial and employment maintained a strong relation
sues, in Gandhinagar. operational. related issues faced by Gujara- with their homeland even after
The new Passport centres Officials said that the num- tis settled abroad were dis- living overseas for many years.
 04 
daily news & analysis I Ahmedabad I FRIDAY, AUGUST 31, 2018
indi
[Link] I [Link]/dna I [Link] I [Link]/dnaindia

‘Give nod for K’taka

Now, Alagiri sings reunion tune
Rahul slams
Amazon and
cabinet expansion’ Estranged elder brother of DMK chief hints at accepting Stalin’s leadership if readmitted into party
Ambani...
New Delhi: On the comple- From P1
tion of 100 days of JDS-Con- Replying to finance Arun
gress government in Karna- Madurai: Sending out a sig- posed, as he was the sole can- Jaitley’s blog in which he
taka, state chief minister HD nal that he was prepared to
what alagiri said didate who had filed nomina- dubbed Gandhi of indulging
Kumaraswamy on Thursday bury the hatchet, MK Alagiri „„“We are ready to tion for the party chief ’s post in a ‘kindergarten debate’ on
met Rahul Gandhi and said on Thursday said he was join the party and work on August 26. the Rafale deal and asked him
the coalition was going ready to accept the leader- together, they are not The elder son of late DMK 15 questions, Gandhi said,
strong even as he discussed ship of his younger brother taking us back” patriarch M Karunanidhi, “He has the liberty to ask
the expansion of his cabinet and DMK chief MK Stalin if also said he did not know more questions. But I gave
with the Congress chief. he was readmitted into the „„“In such situations, what was preventing his re- him an option to ask ques-
While Kumaraswamy K’taka CM HD Kumaraswamy with party fold. the next course of turn to the party. tions in a joint parliamentary
termed his meeting as a Cong president Rahul Gandhi —
­ PTI The estranged elder broth- action — if he and his “Truth will always get committee. It will lay bare
“courtesy call”, sources said er of Stalin said neither he supporters are not support,” he said and reit- what happened in Rafale deal.
a decision to expand the state chief minister Siddaramaiah. nor his son Durai Dayanidhi admitted — would be erated that the true loyal- Nobody has any objection
cabinet was taken during the In a brief meeting with yearned for any position in decided after the rally ists of Karunanidhi were then why not hold a JPC?”
meeting between the two Gandhi at his residence, Ku- the party. to be held next month” on his side. Equipped with fresh RBI
leaders which would be done maraswamy also apprised “When we desire to be On the proposed rally on data revealing 99.3℅ demone-
„„“A decision on the
in the next few weeks. him about the performance inducted into the party, we September 5 in Chennai to tized currency notes are
future course of action
Kumaraswamy told re- of the coalition government must then accept the (Sta- Karunanidhi’s mausoleum, back, Gandhi directly ac-
would be decided after
porters after the meeting that which completed 100 days on lin’s) leadership, isn’t it,” he said there will not be less cused PM of carrying out
consultations with leaders”
a decision on cabinet expan- Thursday. Alagiri told reporters than “one lakh” participants. demonetisation to help Ama-
sion of the coalition govern- “Today I completed 100 when asked if he was ready „„“Is the general Alagiri had days ago an- zon establish business in In-
ment and appointment of days in Chief Minister’s of- to accept the leadership of council alone the entire nounced that he would lead a dia and to serve the interests
chairmen of various boards fice, so I am here to pay my his younger brother if he MK Stalin with party supporters in Chennai —file photo party?” rally to the mausoleum of of a coterie of his 15-20 crony
and corporations would be regards to the Congress Pres- was readmitted into the Karunanidhi here, touted as capitalist friends.
taken soon. ident,” he said. party. a show of strength by his sup- “All the demonetised cur-
The chief minister also said He added that Gandhi ex- The former Union Minis- he said. with leaders, he said. more will come to my side.” porters. rency is back. The GDP is
that the JD(S)-Congress coali- pressed happiness over the ter said he was ready to work Under such circumstanc- When pointed out that the Stalin was on August 28 ele- Alagiri has been in politi- down by 2 per cent. None of
tion government is secure un- way the Karnataka govern- alongside the top party lead- es, he said, the next course of DMK general council had vated as the DMK President, cal hibernation since his ex- the stated objectives have been
der the leadership of senior ment was functioning. ership, apparently referring action — if he and his sup- elevated Stalin unanimously, being elected unopposed to pulsion from the party in 2014 achieved. Now, PM Modi needs
Congress leader and former —PTI to Stalin, and added that he porters are not admitted — he shot back: “Is the general the top post. by Karunanidhi. to answer why did he hurt In-
and his supporters have been would be decided after the council alone the party? ...do At the party’s General The former union minis- dia so badly?” Gandhi said.
reiterating it. rally to be held next month. 1,500 members of the council Council meeting held in ter was sacked at the height “It is a clear case. PM Modi
“We are ready to join the A decision on the future alone represent the DMK?.. Chennai, DMK General Sec- of his fight with Stalin over wanted to help top 20 crony
party and work together, course of action would be de- the cadres are on my side, retary K Anbazhagan said establishing supremacy in capitalists who had huge
they are not taking us back,” cided after consultations after next month’s rally Stalin was elected unop- the party. —PTI NPAs,” he added.

Muslim ‘brother’
performs Hindu’s Buddhist monk held for sexual Police claim they have
last rites abuse of 15 boys in Bihar’s Gaya strong proof against
held ‘urban Naxals’
From p1
“Upon reaching the hospi- Vithika Salomi investigated.
tal, we came to know that [Link]@[Link] ibc reacts A police source said, “The
Kishor had been killed in a „„The International boys, all aged between six
road accident,” said Sharif, Patna: At least 15 boys, stud- Buddhist Confederation and 12, are from Karbi An- From P1
Yusuf ’s younger brother, ying at a Buddhist novice (IBC) has distanced itself glong in Assam. The scandal A case has been registered
who is a witness in the riots school-cum-meditation cen- from the PSWT manager. came to light when they com- against the five for promoting
case . tre, have complained of phys- plained to their parents about enmity on the grounds of re-
“We couldn’t believe it. We ical and sexual assault by the „„Sujoy was not a Sujoy’s behaviour and the is- ligion, race, etc.
brought his body back to monk running the institu- member of IBC. But sue reached the local police. The have also been charged
Ahmedabad. Kishor was like tion, following which the po- since he was wearing The cops sprung into action with committing acts prejudi-
a younger brother to us. Our lice launched an investiga- Buddhist monk clothes, and rescued the kids. cial to maintenance of har-
family member is no more,” tion and arrested the accused we are probing it, said a Sujoy, who also hails from mony, abating commission of
Sharif said. in Bihar’s Gaya district. functionary of IBC. Assam, was arrested and pre- offence by the public or by
Yusuf said Kishor actually The preliminary investi- sented in the court on Thurs- more than 10 persons and for
grew up in their home. “He gation also revealed several day. The school-meditation criminal conspiracy. A protest in Delhi —PTI
lived with us,” a distraught irregularities at the ‘Prajna Bhanthe Sanghapriya Sujoy centre was searched. No A senior police officer from
Yusuf said. Jyoti Buddhist Novice School of having unnatural sex with CCTV cameras have been Pune police told DNA that CPI top leaders of CPI (Maoists),”
Kishor Thakor worked as and Medication Centre’, them. Sujoy has been taken found on the premises.” (Maoists) provided funds for says a police officer. “They
a home guard and was a part- managed by Prajan Social into custody and is being in- The statements of the vic- Elgaar Parishad. “Maoist actively participated in rais-
ner in an eatery business Welfare Trust (PSWT) at terrogated,” said Gaya Sen- tims and their parents have member Sudhir Dhawale was ing funds, recruiting people
with the Maleks. Mastipura village under ior Superintendent of Police been recorded by the police a key organiser of Elgaar and executing plans to carry
The Thakors said that Bodh Gaya police station. Rajiv Mishra. He said the and some of them have al- Parishad held at Pune on De- out Maoist activities. Under
when Kishor had got mar- “The children were not children and their parents leged that Sujoy used to call cember 31 2018 to commemo- an anti-fascist front, they tar-
ried, they had Yusuf perform just thrashed and misbe- have been kept under police them into his bedroom and rate the Bhima-Koregaon bat- get oppressed communities,
all the rituals for him instead haved with, they have ac- protection and the trust run- force himself on them. tle. Some Naxal leaders incite communities against
of Kishor’s father. cused the centre manager ning the school will also be Full report on [Link] sneaked into the organisation each other and use this vio-
committee to use the platform lence to create and nurture
to spread Maoist ideology,” he an anti-government opinion
says. “They were working on in the country.”
tenders the directions of senior lead-
ers such as Varavara Rao and
In the documents seized
from the computers and hard
& Notices Vernon Gonsalves.”
Despite this, the document
disks of these five activists,
police claim they found sev-
presented by the police in the eral letters mentioning their
Pune court did not mention names suggesting anti-na-
the clashes in January at Bhi- tional activities.
ma-Koregaon near Pune, nor Pune police commissioner
the involvement of the ac- K Venkatesham reiterates that
cused in the violent incident. “We have proof about how they
Subsequently, the remand re- carry out action against secu-
port only stated that the ac- rity forces, raise funds and mo-
cused are active members of bilise cadres to carry out anti-
the CPI (Maoist) and are try- national activities. We will
ing to “advance their cause” present all this in the Supreme
though illegal activities. Court and will surely take the
“Some of the accused are case to its logical conclusion.”
 indi 
[Link] I [Link]/dna I [Link] I [Link]/dnaindia
05
Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis

Two Lashkar terrorists gunned 20-yr-old lynched

No India-Pak
talks planned
at UN meet for ‘buffalo stealing’
down in encounter in Kashmir
One of the terrorists was the chief assassin, notorious for slitting throats of his victims
DNA Correspondent
correspondent@[Link]

New Delhi: India and Paki-

stan have not yet finalised
any bilateral ministerial
meeting on the sidelines of

Salahuddin’s 2nd
Ishfaq-ul-Hassan the forthcoming sessions of
h_ishfaq@[Link] the United Nations General
Assembly’s (UNGA) sched-
Srinagar: Security forces uled next month. While Ex-
dealt a major blow to Lashkar-
e-Toiba on Thursday when
they killed two of its top Pa-
kistani commanders, includ-
son held by NIA ternal Affairs Minister Su-
shma Swaraj will be in New
York, coinciding with the
visit of her Pakistani coun-
ing the chief assassin — DNA Correspondent During probe, his terpart Mehmood Qureshi, Image for representation
dreaded for slitting throats correspondent@[Link] there are no plans of their
with meat cleavers — in the involvement in meeting till now, sources here DNA Correspondent village and rescued Shah-
Hajin area of North Kash- Srinagar: Tightening its raising, receiving, said. “A bilateral meeting in correspondent@[Link] rukh, who had lost con-
mir’s Bandipora district. noose in the terror funding collecting funds from not on the table” they said, sciousness by then. He was
Elsewhere, Jammu and case, the National Investiga- denying reports of a possible Lucknow: Yet another Mus- admitted to a Bareilly hospi-
Kashmir Police detained the tion Agency (NIA) arrested terrorist organisations Swaraj- Qureshi meeting in lim man was lynched on sus- tal, where he succumbed to
father of Hizbul Mujahideen Hizb-ul Mujahideen supreme through its active cadres New York. The 73rd United picion of stealing buffalo, this internal hemorrhage.
chief operations commander commander and United Jihad from Saudi Arabia also Nations time in Uttar Pradesh’s Ba- Earlier on Wednesday, the
Riyaz Naikoo and relatives of Council (UJC) chief Syed General reilly district, on Wednesday. police had registered FIRs
other militants for question- Salahuddin’s second son — surfaced. Assembly The victim, identified as against Shahrukh and his
ing in South Kashmir district Syed Shakeel Ahmad Shah NIA source opens on 20-year-old Shahrukh Khan, three friends, based on com-
of Pulwama. — from his residence at Ram- September worked as a tailor in Dubai plaints from the villagers
The police said that based bagh in Srinagar on Thursday. 18 in New and had only come home to be who accused them of buffalo
on credible inputs about the The arrest of the cused persons — Mo- York. with his family for Bakr-Eid. lifting. But following Shah-
presence of terrorists at Par 48-year-old Shah, a hommad Sidiq Ga- T h e y Shahrukh and his three rukh’s death, another FIR
Mohalla in Hajin, a joint op- laboratory techni- nai, Ghulam Jeelani said that friends, residents of Bareilly’s was registered against about
eration was launched by po- cian at Sher-e-Kash- Liloo and Farooq India was Bholapur Gindoliya village, 30 unidentified villagers for
lice and security forces in the mir Institute of Ahmed Dagga — standing by were chatting at a buffalo yard mob lynching.
early hours of Thursday. Medical Sciences, have been convicted its stand that to start any on Wednesday morning when Abhinandan Singh, super-
“During the searches, ter- comes 10 months af- after they pleaded meaningful dialogue process, they were surrounded by a intendent of police, Bareilly,
rorists fired on the search ter NIA arrested his guilty,” said the NIA. Pakistan must take concrete mob of about 50 people. said four persons have been
party, which was retaliated. Army soldiers take positions near the site of encounter at Parra Mohalla, younger brother, Last year, Sala- action against terror. “India is But while the friends es- arrested in connection with
In the ensuing encounter, two Hajin in Bandipora district of north Kashmir on Thursday —PTI Syed Shahid Yousuf huddin, who is awaiting action from Pakistan caped sensing trouble, Shah- the mob lynching incident. An
terrorists were eliminated. in the same case. based in Pakistan on the recent terror attacks on rukh was caught. They ac- eye-witness claimed that be-
Huge quantity of arms and “The case per- Occupied Kashmir, Pathankot airbase and Army cused him and his friends of fore he was assaulted, Shah-
ammunition including rifles,
magazines, pouches, etc
4 kin of policemen abducted in Valley tains to transfer of
funds through ha-
was declared `Spe-
cially Designated
camp in Uri in 2016. Besides,
India is also awaiting justice
stealing a buffalo from a local
resident. When he denied the
rukh pleaded with the mob
that he was just chatting with
along with other incriminat- DNA Correspondent correspondent@[Link] wala channels by Global Terrorist’ by on the 26/11 Mumbai terror charge, he was assaulted by his friends and had no inten-
ing material was recovered Pakistan-based ter- the United States. attack. India had asked Paki- the mob. Police rushed to the tions of stealing any buffalo.
from the site of the encoun- Srinagar: Militants unleashed a fresh wave of terror and rorists to Jammu “He (Shah) had stan to fast track the trial in
ter,” said a police spokesman. abducted kin of four policemen in south Kashmir region and Kashmir, in a received money the case that is dragging on for
Police said the slain ter- — all under 12 hours. With this, five relatives of J&K police- criminal conspiracy through Western the last ten years,” they said.
rorists were identified as Ri-
zwan alias Jindaal and Ali
men have been kidnapped in the last 24 hours. Sources said
a brother of policeman was abducted from Kangan in Pul-
hatched with some
operatives in India. This is in
Union several times
which were sent by abscond-
In a letter to New Prime
Minister Imran Khan, Prime
Illegal firearms seized from MLA’s home
alias Maaz — both Pakistani wama, while a policeman’s son was abducted from Midoora a bid to fuel and fund the se- ing charge-sheeted accused Minister Narendra Modi had Gaya: Police on Thursday recovered unlicensed firearms
nationals of Lashkar-e-Toi- village. “There are reports coming from Midoora. There is cessionist and terrorist activi- Aijaz Ahmad Bhat alias Aijaz expressed India’s resolve to and arrested one person from an RJD MLA’s residence here.
ba. Police said the duo was no confirmation from other places,” said SP Vaid, director ties in J&K,” said NIA, adding Maqbool Bhat,” said the NIA. build good neighbourly rela- SP (City), Gaya, Anil Kumar said a raid was conducted at
involved in several attacks on general of police, Jammu and Kashmir. Ghulam Mohammed Bhat Shah is being brought to Del- tions between the two coun- the house of Kunti Devi, the sitting MLA from Atari, from
security establishments and alias Abdul Rehman and three hi where he would be pro- tries. In July, Modi had tele- where two country-made .303 rifles and a country-made pis-
civilian atrocities in the area. others were charge-sheeted in duced before the NIA Special phoned Khan and congratu- tol were recovered. He said one person, Jackie Kumar, was
Senior Superintendent of year. Of these, he had slit ed commander of Hajin in 2011 in the same case. “In Oc- Court for seeking his police lated him on his party’s vic- arrested from the house, while two other occupants man-
Police, Bandipora, Sheikh throats in four incidents and November 2017 after security tober 2017, Yousuf, the young- custody for custodial inter- tory in the general elections aged to flee. The raid was conducted jointly by the STF and
Zulfikar Azad, told DNA that in the other two, he had opened forces eliminated six top Pa- er son of accused Salahuddin rogation. and expressed hope that both the Rampur police station, he added. The MLA was not at
Maaz was the chief assassin fire. It is a big success for the kistani commanders includ- was arrested by NIA, as he The move was condemned countries will work to open a the house when the raid was conducted. —PTI
behind slitting of the throats security forces,” he said. ing Obaid — the nephew of had received funds from Hizb- by Joint Resistance Leader- new chapter in bilateral ties.
of local people. “He was in- Sources added that the Mumbai attack mastermind ul-Mujahideen from abroad. ship, who termed the arrest a
volved in six incidents this 24-year-old Maaz was appoint- Zaki-ur-Rehman Lakhvi. In this case, so far, three ac- “political witch hunt”.
life of exile

‘Development funds can Srinagar strikes for Article 35A

be used with no time limit’ DNA Correspondent
correspondent@[Link]
resentment and protest
against the nefarious design
of tinkering with state sub-
Srinagar: In a significant works. During the review, Ma- Srinagar: A day ahead of the ject laws. No amount of coer-
decision, Jammu and Kash- lik was informed that in view Supreme Court hearing on cion will deter people from
mir Governor Satya Pal Ma- of the non-utilisation of sub- Friday on Article 35 A, the fighting this assault with all
lik has directed that the Con- stantial amount of CDF, direc- Valley remained tense and our might & conviction”
stituency Development Fund tions were issued to the Depu- observed a complete shut- tweeted Mirwaiz Umar Fa-
(CDF) scheme shall continue ty Commissioners to continue down on Thursday. Curfew rooq, Moderate Hurriyat
to be operational in the state sanctioning works under the like restrictions were also Conference chairman.
without any time limits. said scheme till September 30, imposed in old Srinagar city Supreme Court is resum-
“Legislators shall continue 2018. The Governor, however, as a precautionary measure. A shuttered Srinagar on Thursday ing the hearing on the case on
to recommend works under instructed that new timeline Shops and business estab- Friday. Under Article 35 A,
the Constituency Develop- shall not apply anymore in lishments were closed while state subject law under Arti- Indian citizens, other than
ment Fund scheme subject to future and works could be traffic was entirely off roads. cle 35 A. the state subjects of Jammu
availability of balance CDF sanctioned as long as funds Schools and colleges, too, The JRL has also asked and Kashmir, cannot acquire
funds in their respective ac- exist. Malik observed that were shut on Thursday. The people to remain ready for immovable property, get state
counts and in tune with the unhindered continuation of general strike was part of a agitation in case Article 35 A government jobs, avail state-
guidelines of the scheme, the the CDF scheme was essen- two-day protest call given by is struck down. “Despite sponsored scholarship
Governor said Wednesday tial to ensure that elected rep- Joint Resistance Leadership curbs, curfews, house arrests schemes or have the voting
evening while reviewing the resentatives respond to the (JRL) of separatists against complete strike across J&K rights in the militancy in- An exile Tibetan walks past a wall covered with posters of Tibetans considered missing in Tibet, as exiles mark
progress of developmental developmental issues. —PTI any move to tinker with the as people express their strong fested state. International Day in Support of Victims of Enforced Disappearances in Dharmsala on Thursday —AP

Best job in the world? 3,700 PhD Kerala to pursue legal steps to avail foreign aid: CM
holders aspire to be peon in UP
Thiruvananthapuram: As fer of Rs 700 crore to the the loss could be much more Vijayan said. “The Chief Minister’s dis-
Kerala picks up the pieces, flood-hit state. than the state’s annual plan The funds offered from tress relief fund has received
Chief Minister Pinarayi Addressing a specially outlay for the year across the globe is Rs 730 crore till Wednesday,”
Vijayan on Thursday said convened one-day session which stood at Rs giving confidence to he said, adding that the gov-
the government would ex- of the state assembly 37,247.99 crore. the government, he ernment had also been of-
DNA Correspondent plore the possibility of legal to discuss the unprec- “Offers of said. Besides Rs 600 fered land and jewels to-
correspondent@[Link] options to avail the funds
offered to the state, includ-
edented flood situa-
tion, Vijayan said 483 kerala financial as-
sistance for
crore sanctioned by
the Centre, the state
wards relief fund. On the
discussions held with World
Lucknow: Over 3,700 PhD ing that from abroad. people have lost lives deluge Kerala are was hopeful to get Bank officials for fund mobi-
holders, 50,000 graduates and His statement assumes in the state since the pouring in from more financial as- lisation, Vijayan said the
28,000 post-graduates have significance in the wake of a onset of monsoon on May different quarters sistance from the government policy was to ac-
applied for vacant positions row over the Centre’s refusal 28 and 14 were still missing. of the world. The government Union government consider- cept funds from any quarters
in the telecom department of to accept the United Arab He said the state’s econo- is also moving towards legal ing the gravity of the situa- if it was in tune with the
the Uttar Pradesh Police, for Emirates’ (UAE) reported of- my had been badly hit and steps to avail these funds,” tion, the chief minister said. state’s interests. —PTI
which there are all of 62 va-
cancies. The minimum quali-
fication needed for the post is
Class 5 pass. That so many
over-qualified candidates are
Neighbours claim no idea how 3 of family Officer to be sent
to rebuild Pampa
drowned, cops blame them for misleading
seeking government jobs
must serve as an eye-opener
to the state government, File photo of applicants for jobs with the UP police department Thiruvananthapuram:
which has been making tall The Kerala government
claims of creating job ave- 62 vacancies, over 81K applications stranded here,” she claims. on Thursday decided to
nues for qualified youth. It Another neighbour, who appoint a senior IAS offi-
also indicates the growing Over 3,700 PhD holders, The postman’s job wished to remain anony- cial as special officer to
unemployment in Uttar 50,000 graduates and guarantees a minimum mous, said that she and her coordinate infrastructure
Pradesh, that candidates are 28,000 post-graduates salary of Rs 20,000 per two daughters saw a rescue development works at
making a beeline for any gov- have applied for vacant month plus additional boat going towards the Var- Pampa in Sabarimala,
ernment job that’s adver- positions in the telecom perks. It is also a draw ground report ghese’s house and returning which suffered massive
tised. department of the Uttar for people as it offers job destruction. Pampa is the
Pradesh Police. security and pension.
g jagannath empty,” she said.
The 62 posts had fallen va- Meanwhile, Chengannur base station from where
cant after 12 years. The job Chengannur: Two weeks sub-inspector of police M pilgrims trek to the fa-
requires delivering telecom after three of the four mem- Sudhilal blamed the neigh- mous Lord Ayyappa tem-
messages to different police studied under Class 12. good for the department, that bers of a family drowned in bours for misleading the ple atop Sabarimala. Fol-
departments, like a postman. The salary, job security we select more educated can- Mangalam, Chengannur, the fishermen and other rescue lowing the torrential
Since qualifications for the and pension are perhaps the didates and use them for blame game over who was teams by giving false infor- rains, the Pampa river
post haven’t been upgraded main reasons for such an en- other works as well,” he said. responsible for the tragedy mation about the family al- had breached its banks at
and remain as per older days, thusiastic turnout. The post- But a large number of ensues. While the neigh- The ancestral Varghese home where the family was stranded ready being rescued. “If the several places, submerg-
it requires a self-declaration man’s job guarantees a mini- over-qualified candidates has bours are unsure as to why neighbours had not misled ing many shops and path-
from the candidate that he mum salary of Rs 20,000 per forced the department to they were not rescued, the 73-year-old KG Varghese with diate neighbour, said that them, the rescue teams ways. A high-level meet-
knows how to ride a bicycle. month plus additional perks. change the selection proce- police has laid the blame his wife Santhamma (70), she was shocked when she would have knocked on the ing chaired by the CM
The department has re- PK Tewari, additional di- dure. The selection used to be squarely on the shoulders of bed-ridden elder son Reni came to know about the doors and moved them to also decided to rope in an
ceived over 93,500 applica- rector general (ADG), tele- made using the cycle ride the neighbours and claim Varghese (39), and his moth- drowning. “The family was a safety,” the police said. expert agency to carry out
tions from over-qualified can- com, Uttar Pradesh Police, test. But now, the department they gave them incorrect in- er Sosamma George (97). On close relative of our ward In the devastation un- a study on infrastructure
didates, including many said the department is over- is thinking of holding a writ- formation which led to their August 17, only Santhamma councillor Sujan Samuel. We leashed by the Pampa river development to be taken
BBAs, MBAs and BTechs. Of whelmed by the response it ten test to check basic gener- stranding and drowning. was rescued by the Naval per- thought the councillor had in Alappuzha district, as up in the region and to
the total applications re- has received from so many al knowledge, reasoning and In their ancestral home sonnel. Varghese’s younger rescued them, but did not many as 12 lives were lost start construction on a
ceived within the last date of educated and technical can- elementary mathematics of located away from the main son is working in Gujarat. bother about us. We never and over 80,000 people were war-footing. —PTI
16 August, only 7,400 have didates for clerical posts. “It’s candidates. road at Mangalam lived Sarah Thomas, the imme- thought the family was still moved to the relief camps.
 06
Ahmedabad I FRIDAY, AUGUST 31, 2018
 opini n
[Link] I [Link]/dna I [Link] I [Link]/dnaindia

The politics of impeachment

Republicans are likely to use the threat to impeach Trump to galvanise people to vote in November
daily news & analysis
Harsh V Pant
standing by decisions
T
he death of John McCain, a deco-
rated Vietnam war veteran and
Defence deals can’t be held hostage to political agenda long-serving US Senator from Ari-
zona has once again underlined

W
hile Union Finance Minister Arun Jaitley and Congress the growing political divide in
President Rahul Gandhi engage in a very public quarrel America under the Trump Presi-
over the Rafale deal, the implications of such a verbal duel dency. Instead of bringing the nation to-
are far-reaching. The problem lies in Gandhi’s allegations – “Ra- gether, McCain’s death and US President
Donald Trump’s reaction to it have
fale robbery” – that accuse the government of commercial skul- brought to the fore the challenges Amer-
duggery whenever it takes a decision on defence. Gandhi and ica faces as it navigates through these
his party are strengthening a system of suspicion over defence difficult times.
deals. By casting aspersions on Rafale, Gandhi and his cohorts At the end of last year, McCain, who
are undermining and compromising India’s defence and secu- strongly believed in the post Second
rity architecture. It is this history of doubt that has plagued World War global order and America’s
key role in maintaining it, had written
defence purchases and delayed decision-making ever since the about the need to defend the “liberal
Bofors scam came to light. The fear of being caught in a scam world order.” For him, the rise of Donald
or unscrupulous defence deals had prevented successive de- Trump was a sign that all was not well
fence ministers from taking any decision. The paralysis in de- in the liberal global space. Targeting the
fence has been long and painful for the forces. When AK Antony populists in the western world, McCain
served as the defence minister in UPA, his overcautious ap- had bemoaned that “they have turned
inward economically and prioritised
proach had compromised India’s defence and security prepar- protectionism over integration,” and
edness. Antony was bent on maintaining a clean image and in “seem to have given up on the very idea
pursuing this personal agenda, he allowed at least 10 major of liberalism itself, betraying the under-
defence deals to slip and slide away. A defence kickback contro- lying will that is necessary to maintain
versy over AgustaWestland chopper deals made Antony af- any world order.”
flicted by decision paralysis. Consequently, the Indian Air Force McCain was anti-Trump all along and
the sitting US President has not been in-
suffered as it wanted to replace its Mi-8 VIP helicopters as they vited to his funeral while McCain’s other
were completing their total technical life. It’s a double whammy political rivals, George W Bush and Ba-
for the defence sector. Though India’s budgetary allocation for rack Obama, will be eulogising the late
the Armed Forces has increased to Rs 2,95,511.41 crore in 2018- war veteran. Trump has reciprocated in
19, only Rs 99,563.86 crore out of the total allocation has been kind. Despite being pushed by his aides The institution of the US Presidency, one of the most potent of political institutions anywhere in the world, today faces a crisis of credibility
set aside for modernisation of the forces and new defence pur- to release a statement in honour of the
late Senator, he only tweeted a perfunc- like a Damocles sword over Trump. weakened considerably by Trump. Amer-
chases. Efforts at modernisation are being held hostage to cau- tory condolence message on McCain. While Trump cannot be prosecuted dur- ican polity, meanwhile, is dysfunctional
tion as even the bureaucracy does not want to take a decision Lowering the national flag at half mast ing his presidency, the only way remain- with the nation’s much-touted checks
to propose a process that would culminate into a decision. The was also apparently a big deal. ing for his political opponents to remove and balances barely managing to either
bitter truth is: The Indian Army is in a sorry state” because it McCain’s death draws a line under an him from office is by impeachment. check or balance.
continues to use old armaments. It desperately needs modern American approach to the world which The process of impeachment is a In his final message to the Americans,
guns and ammunition, combat vehicles and battle tanks. It has touted American primacy and defended cumbersome one and has to be started the late Senator McCain suggested that
the liberal international order. There is by the House of Representatives, need- the nation’s greatness is weakened,
also been waiting for a future infantry combat vehicle for many little love lost for these priorities today ing only a simple majority to pass. The “when we hide behind walls, rather than
years now. In July last year, the Comptroller and Auditor Gen- amongst the ordinary Americans. De- trial is held in the Senate where a two- tear them down; when we doubt the pow-
eral declared, much to the fear of the nation, that as many as spite doing his best to shred the global thirds vote is necessary for the Presi- er of our ideals, rather than trust them
61 types of ammunition — out of a total of 152 types of ammu- liberal order to bits, Trump’s popularity dent’s removal. This has not yet hap- to be the great force for change they have
nition considered critical by the Indian Army to fight a war among his base remains high. The more pened in the US history. Bill Clinton’s But Republicans have seized upon this always been.” It is not hard to decipher
— is available for just 10 days only. Imagine the precariousness besieged Trump seems, the more sym- case is a reminder that impeachment chance and are likely to use the threat of the target of this message – Donald
pathetic he seems to his base. Talk of his can take a political toll on those trying Trump’s impeachment to bring their vot- Trump – who is challenging the founda-
of the situation: For a short intense war, the Indian Army needs impeachment in the beltway has gained to remove the President. ers out to vote in November, exhorting tions of the consensus on which Ameri-
to have ammunition for 20 days. The CAG had also declared that salience after fresh accusations of him Given the inherently political nature them to keep the Republicans in power to can foreign policy was based. By rolling
lack of ammunition was also affecting the training of the Army. passing hush money to women for his of the process of impeachment, the Dem- save Trump and his agenda. Rudy Gi- back economic globalisation and making
The soldiers don’t even have proper shoes that will protect their alleged affairs. ocrats remain coy about declaring their uliani, Trump’s lawyer and close aide has it starkly clear that his America is not
feet at high altitudes. Coming back to the brouhaha over the Speculation that Donald Trump may intentions. They are only promising a made it clear: “This election is going to keen on sustaining Pax Americana,
be impeached has been rekindled by serious investigation into Trump’s af- be about impeachment or no impeach- Trump has managed to disrupt not only
Rafale deal, the IAF needs the French twin-engine multi-role
fresh accusations that he paid hush mon- fairs if they take control of the US House ment.” Steve Bannon, Trump’s former the global order but also in his own way
fighter jet. According to Indian Air Force Chief Arup Raha, the ey to women with whom he allegedly had of Representatives in the midterm elec- chief strategist adviser, has warned that the American domestic polity. It is not
jets will tremendously increase the force’s capability. The Op- affairs. Last week, Michael Cohen, tions. They don’t want to jeopardise their impeachment proceedings would be readily evident if American polity will
position should refrain from playing politics with decisions Trump’s former lawyer implicated the chances to get a majority in the House in launched against Donald Trump in Janu- be able to regain its equilibrium even
related to defence unless and until it has clear proof and line President in off-the-books hush money November elections. They need 23 more ary if he fails to hold onto the House of after Trump has left the centre stage.
of questioning. Gandhi may score some brownie points in the paid to a porn star in his guilty plea. Paul seats to win control of the House. So they Representatives. The writer is Professor of
Manafort, Trump’s former campaign continue to underline that impeaching The institution of the US Presidency, International Relations, King’s
short term, but baseless allegations paralyse the forces in a way
manager, has also been found guilty of the President is not a priority for them. one of the most potent of political insti- College London, and a Distinguished
that can seriously affect the country’s preparedness. bank and tax-fraud charges. And then They are wary of energising the Repub- tutions anywhere in the world, today Fellow at Observer Research
there is the Russia inquiry which hangs lican base before the midterm. faces a crisis of credibility as it has been Foundation. Views are personal.

The weight of NPAs QUOTE HANGER slowburn

RBI report draws attention to spike in bad loans Farhan Akhtar Rujuta Diwekar China, India lead in ozone pollution
T
he Reserve Bank of India’s annual report has raised the red @FarOutAkhtar @RujutaDiwekar
I
flag over non-performing assets. It says that NPAs could rise n China, people breathe air thick with Health Organisation, 14 of the world’s 20
further and that if the current economic situation prevails, To be anti-fascist can Sometimes life sends you a the lung-damaging pollutant ozone most polluted cities are in India. India
two to six times more often than people has seen rapid development in the past
the public sector banks would be in bigger trouble. However, only be a crime in a fascist country. reminder that there is protein, B12 and in the United States, Europe, Japan, or two decades, but it has come at the cost
the RBI is optimistic that an increase in GDP growth and the In a free society that grants equal goodness in the kitchens of india. And South Korea, according to a new assess- of increasing pollution. The situation in
progress being made under the Insolvency and Bankruptcy rights to all, being anti fascist we are all just searching for it in the ment published Environmental Science most developing and underdeveloped
Code, 2016, will help in addressing the stress on the balance & Technology Letters. Ground level countries throw up the same picture.
sheets of public sector banks. The rosy predictions notwith- should be encouraged and wrong places. #khandvi ozone is most commonly formed when
standing, NPAs and PNB frauds have hurt the economy badly. celebrated. volatile organic compounds and nitro-
Scamsters like Nirav Modi, Mehul Choksi, Vijay Mallya and
gen oxides react in the atmosphere in
the presence of sunlight. The burning
Removing plastic
other wilful defaulters from the corporate world are primarily
to be blamed for the sorry state of public sector banks. Accord-
Harsha Bhogle
@bhogleharsha She (Nobel Laureate
of fossil fuels and biomass burning
(from crop clearing or forest fires) are
debris from oceans
A
ing to an official estimate, as of June 30, 2018, wilful defaulters major sources of volatile organic com- ccording to the World Economic
owe over Rs 15,300 crore to PNB and more than Rs 34,200 crore Jasprit Bumrah is a fine Aung San Suu Kyi) should have pounds and nitrogen oxides. As per the Forum, by 2050 oceans are expected
to the State Bank of India. Consider this: A group of 16 large cricketer, and in the middle of an resigned as Myanmar’s de facto report by State of Global Air 2017, re- to contain more plastics than fish
leased in Boston in November last year, (by weight), and the entire plastics in-
and medium-sized public sector banks wrote off over Rs 31,000 excellent spell, but he is letting leader over last over 2.54 lakh deaths in 2015 were due to dustry will consume 20 per cent of total
crore in the first quarter of 2018-19, a 31 per cent increase over himself and his team down too exposure to ozone and its impact on oil production and 15 per cent of the
a year ago, whereas the same set of banks saw a meagre 4.5 per
often with these no-balls.
year’s brutal army chronic lung disease. annual carbon budget. The Ocean
cent growth in their loan book. The RBI has to work in close Equally alarming is the fact that In- Cleanup, an effort that’s been five years
coordination with the government to chart out a roadmap for
campaign against dia accounts for a very large number of in the making, plans to launch its beta
these banks. PSBs report 93 per cent of the total frauds in bank- Vijender Singh the Rohingya premature deaths due to ozone pollu-
tion. The death toll is 13 times higher
cleanup system, a 600-metre (almost
2,000 feet) long floater that can collect
ing when they contribute just 64 per cent of the credit. Hence, @boxervijender —Zeid Ra’ad Al than what is witnessed in Bangladesh about five tonnes of ocean plastic per
there is a systemic problem in PSBs that needs to be resolved. You will never have this Hussein, UN and 21 times higher than in Pakistan. month. It’s a start. The launch date is
However, the RBI should differentiate between willful and gen- rights chief India’s death toll is second to China’s September 8, and the Great Pacific Gar-
uine defaulters and treat them accordingly. day again so make it count and both the countries together amount bage Patch being targeted is more than
to more than half of the world’s deaths 1,000 nautical miles from the launch
from pollution. According to the World point and on the move.

Russia tilting towards Pakistan irks close friend India

Sumit Kumar major policy change in 2014 Russia lifted to the fact that India is the largest buyer ternational stage by taking careful and

T
a ban on arms supplies to Pakistan. of Russian arms, has stated that Russia- calibrated positions on all Russian ac-
he fact that Russian President Moscow also signed a defence agree- Pakistan ties will remain quite “limit- tions. Be it in Chechnya, Syria, Ukraine
Vladimir Putin has been warm- ment and technical cooperation agree- ed” the recent high profile visits be- and elsewhere, India has tacitly contin-
ing up to Pakistan is an open se- ment with Pakistan in 2015 for arms tween the militaries of the two coun- ued to support Russia.
cret. Observers believe that Pu- supplies and sold it four helicopters in tries tells another story. New Delhi is These reminders are important as
tin, who is becoming increasing- August 2017. Today, talks for purchasing aware of this and in an attempt to re- New Delhi needs Moscow’s goodwill
ly upset with India’s growing Russian SU-35 fighter jets are going on dress the balance, India has recently an- and support for creating a bigger role
proximity to the US, has reached out to along with Pakistan’s reported desire to nounced the purchase of five S-400 su- for India on the world stage. Already,
Islamabad in a manner that should buy T-90 tanks from Russia. These talks personic air-defence systems from Rus- foreign secretary Vijay Gokhale has vis-
make New Delhi pause for thought. The come as India has focused on expanding sia, costing $6 billion. ited Moscow to ensure that Russia sup-
MoU signed by Pakistan’s chief of na- its defence trade options and reducing The deal which is slated to escape US ports India’s bid to get membership in
val staff Vice Admiral Kaleem Shaukat its dependability on Russian military sanctions will help cool the waters but the Nuclear Suppliers Group (NSG).
while he was in Russia, along with the hardware. By reminding India and the New Delhi will know that unlike the The Trump administration has already
joint military exercises scheduled for world that Russia has other partners, heavily dependent on Russia. Also, as “all-weather friend” China is deepening past it cannot take Moscow’s support signalled to China that it believes India
September, suggests that Putin, since he President Putin’s development of strate- the US has taken a strong position ties with Moscow. As India and the US for granted. This was perhaps why deserves a seat at the high table but giv-
took office for a fourth term in May this gic ties with Pakistan is being seen as a against Pakistan for its failure to effec- will be all too aware, the Moscow-Bei- Prime Minister Narendra Modi saw it en the fact that mid-term elections in
year, has so far shown more inclination calibrated move to influence regional tively work against terrorist organisa- jing-Islamabad alliance can play a vital fit to meet with President Putin for an November and domestic problems will
to reach out to Pakistan than India. politics in South Asia and beyond. tions on its soil by imposing military role in shaping the direction of the se- “agenda-less” set of talks in the Rus- keep President Trump busy for the fore-
There are many reasons why both From Pakistan’s point of view, in- and other restrictions, Islamabad needs curity environment in South Asia in Pa- sian city of Sochi before the annual bi- seeable future, India will have to rely
countries would want to cement bilater- creased ties with Russia are a welcome the support of other major countries to kistan’s favour. lateral summit slated to be held in Octo- more and more on Russia. It now re-
al ties. Apart from the growing India-US development because this will put a ensure the bonhomie between New Del- India has already expressed its dis- ber. The summit, to be held in India, mains to be seen if Putin will oblige or
proximity which has frustrated both strain on the time-tested friendship be- hi and Washington and the US’s hard at- comfort over the development of mili- will mark 70 years of India-Russia ties. continue with his “slow tilt” towards
Moscow and Islamabad, Russia has now tween India and Russia. Increasing de- titude to Pakistan does not possess a se- tary ties between Russia and Pakistan India must use the upcoming sum- Pakistan.
started viewing Pakistan as a prospec- fence ties can also allow Pakistan to curity threat to it. and has repeatedly requested Moscow mit to emphasise its concerns to Russia. The author is a Visiting Fellow,
tive buyer of its military hardware. This jeopardise India’s security system, as Pakistan’s proximity to Russia not to sell arms to Pakistan. And It must also remind Moscow that it has National Chengchi University,
could be gauged from the fact that in a the India military establishment is makes all the more sense given that its though Moscow, which is still sensitive continued to support Russia on the in- Taipei. Views are personal.

Vol 11 n Issue No. 300 RNI: GUJENG/2007/22424. Printed and Published by Deepak Rajani on behalf of Diligent Media Corporation ltd. Printed at Bhaskar Printing Press, Survey No.148 P, Nagdevta Mandir, Changodar, Bavla Highway, Sanand, Ahmedabad (Gujarat) and Published at Diligent Media Corporation
Limited, Venus Atlantis Building, Unit No. 201 to 208, 2nd Floor, 100 Feet Road, Prahladnagar, Satellite, Ahmedabad 380015. Phone: 079 4060 2000 Editor: Yatish Rajawat Responsible for selection of news under PRB Act.
 w rld
[Link] I [Link]/dna I [Link] I [Link]/dnaindia
07
Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis

Pentagon cautions India Helping Af with defence & Suu Kyi should
have resigned:
counterterrorism: China UN rights chief

over buying Russian arms Beijing: China’s defence

ministry said on Thursday
that it was supporting Af-
ghanistan’s defence and
Nobel Laureate Aung San
Suu Kyi should have resigned
as Myanmar’s de facto leader
over last year’s brutal army
campaign against the Roh-
‘No guarantees for a special waiver if India buys new weapons from Russia’ counterterrorism efforts, a
day after Beijing denied a
ingya, the outgoing UN hu-
man rights chief said in a
plan to build a base in Af- television interview.
Washington: The Pentagon
has ruled out an automatic ‘2+2 talks will ghanistan and to send Chi-
nese forces to the war-torn
A military crackdown in
response to attacks by Roh-

better Indo-US
waiver for India from the pu- country. ingya militants drove around
nitive US sanctions over its China’s foreign ministry 700,000 of the Muslim minor-
weapons purchase from Rus- on Wednesday dismissed a ity from Rakhine state into
sia, saying Washington has
concerns over the nearly $5
relationship’ report by the South China
Morning Post that cited
Bangladesh, where they have
given accounts of widespread
billion missile defence system The upcoming 2+2 dialogue sources with ties to the mili- rape, murder and arson tar-
deal, ahead of the first 2+2 dia- next week in New Delhi is an tary as saying it was funding geting their villages.
logue in New Delhi next week. opportunity to advance the construction of a camp in China’s defence ministry spokesman Wu Qian —file photo Suu Kyi, once lionised as a
The Countering Ameri- India-US relationship in a Afghanistan’s narrow defender of human rights, has
ca’s Adversaries Through significant way, a senior Wakhan Corridor linking the in communication and coordi- been pilloried outside her coun-
Sanctions Act (CAATSA) Pentagon official said on two countries, and could send
‘minus the troops’ nation about the relevant mat- try for failing to speak up for the
waiver is intended at pre- Thursday. hundreds of troops there. China on Thursday ter. China is willing to contin- Rohingya or condemn the ac-
venting US sanctions on “We have an opportunity to The Hong Kong newspaper denied reports that it ue working hard with Afghan- tions of Myanmar’s army.
countries like India. really advance the relation- later updated its report to plans to deploy troops to istan to jointly protect both Instead, as streams of des-
India is planning to buy ship in significant ways. We’ll quote Afghanistan’s embassy Afghanistan, saying the countries and regional secu- perate Rohingya fled, Suu
five S-400 Triumf missile air S-400 Triumf missile system at the Russian Hmeimim base —file photo talk about regional issues and in Beijing as saying China neighbours are engaged rity and stability,” Wu said. Kyi suggested an “iceberg of
defence systems from Russia strategic issues, but we’re also was helping the country set merely in “normal military “As for the so-called reports misinformation” had ob-
for around $4.5 billion. the first 2+2 dialogue going to have a set of actual up a “mountain brigade” to and security cooperation.” on China stationing forces in scured the real picture of
US Defence Secretary Jim concrete outcomes,” Randall boost counterterrorism ef- Afghanistan, this does not ac- what had taken place inside
Mattis has publicly been a „„US Secretary of State „„Earlier, External Affairs G Schriver, US Assistant Sec- forts, but that there would be cord with the facts,” he said, Rakhine and backed the
strong proponent of granting Mike Pompeo is travelling Min Swaraj and Def Min retary of Defence for Asian “no Chinese military person- without elaborating. army campaign as a justified
India waivers from sanctions. to New Delhi with Defence Sitharaman were to travel and Pacific Security Affairs, nel of any kind on Afghan and security cooperation”. Reports have pointed to response to “terrorist” acts.
Randall G Schriver, Assis- Secretary Mattis for the to Washington to take told a Washington audience. soil at any time”. “China and the interna- China seeking a military “She (Suu Kyi) was in a
tant Secretary of Defence for inaugural 2+2 ministerial part in the meeting with US Secretary of State Chinese defence ministry tional community are all sup- presence in Afghanistan, al- position to do something,”
Asian and Pacific Security dialogue on September their US counterparts, Mike Pompeo and Defence spokesman Wu Qian, asked porting Afghanistan to though it has denied them. In UN rights chief Zeid Ra’ad Al
Affairs, said: “I can’t sit here 6. The format of the 2+2 but the US postponed Secretary Jim Mattis are about the mountain brigade at strengthen its defence and January, the defence ministry Hussein said.
and tell you today that a dialogue was agreed upon the meet citing some travelling to India next week a regular monthly news brief- counterterrorism building dismissed a report that it “She could have stayed
(CAATSA) waiver would nec- between the two sides. “unavoidable reasons” for the 2+2 dialogue being ing, said China and Afghani- efforts,” Wu told reporters. planned to build a military quiet — or even better, she
essarily be used. It would be hosted by their Indian coun- stan had “normal military “At present, both sides are base in Afghanistan. —Reuters could have resigned.” —AFP
a topic discussed at the high- terparts Sushma Swaraj and
est level of our government We understand “I think most people ac- Nirmala Sitharaman.
and they would make some
determination”.
“We understand the his-
torical India-Russia relation-
the historical
India-Russia
relationship. We want to
knowledge it (CAATSA) was a
flawed legislation for the rea-
sons that some of our part-
ners, friends and allies them-
“It is a very good combi-
nation of strategic, high-
level dialogue and concrete
outcomes that will serve as
‘Church hierarchy stinks of corruption’
ship. We want to have a con- selves might end up paying a enablers for advancing the Vatican City: The archbish- personal grudge? further advancement in the
versation with India not on have a conversation not price that was not intended. relationship well beyond the op who sparked a crisis in the Church.
legacy, but on future. On on legacy, but on future So Congress was very good at meeting in Delhi on Septem- Catholic Church by calling „„Media reports have “I have never had feelings
CAATSA, Mattis did plea for working with us to create this ber 6-7,” he said at an event on Pope Francis to resign has said Vigano was upset of vendetta and rancour in
an exception for India, but I
Randall G Schriver, waiver opportunity,” he said. organised by the Carnegie denied he was motivated by all these years,” he was quot-
because Bertone had
can’t guarantee a waiver will Assistant Secretary of “Now we have a little more Endowment for Internation- personal vendetta and said he blocked any possibility of ed as telling Valli, who has
be used for future purchases. Defence for Asian and Pacific flexibility for the Secretary of al Peace. sought to show that corrup- him becoming a cardinal. been publishing statements
“Russia is not a country Security Affairs State, the President to make “So, the conversation on tion had reached the top lev- Vigano said he himself from Vigano in his blog.
you want to have a strategic those determinations,” Schriv- strategic issues, regional els of the Church hierarchy. gave up the possibility of “I spoke out because cor-
partnership,” Schriver told a meeting in New Delhi. er said, ruling out giving a and security issues certain- Archbishop Carlo Maria becoming a cardinal ruption has reached the top
Washington audience at the “The Congress felt the need guarantee that no sanctions ly are our shared interest Vigano has gone into hiding Archbishop Carlo Maria Vigano in levels of Church hierarchy,”
Carnegie Endowment For In- to take action and to demon- would be imposed on India. and understanding on Chi- since conservative media Newark, New Jersey —file photo said Vigano, a former Vatican
ternational Peace yesterday. strate not only in words and “I cannot sit here today na. How to respond to that published an 11-page state- ambassador to Washington.
The CAATSA was the re- in spirit, why we think this and tell you if India buys X, will be front and centre, ment in which he alleged the nicating through Aldo Maria Ireland. The Vatican had no com-
sult of Russian behaviour, regime’s activities are so trou- then the waiver will be used other aspects of promoting pope knew for years about Valli, an Italian television Italian media has reported ment on the new accusations
not Indian, Schriver said as blesome, but to actually take or it won’t be used. It would the free and open ended di- sexual misconduct by an journalist who Vigano con- he was upset because he was by Vigano. In his statement,
he discussed Defence Secre- concrete action to try to have be some weighing of the alogue specific to how we American cardinal and did sulted several times before never made a cardinal by for- Vigano accused a long list of
tary James Mattis’ priorities a consequence and punish- concerns,” the Pentagon of- approach Southeast Asia,” nothing about it. releasing his statement last mer Pope Benedict or be- current and past Vatican and
for the upcoming 2+2 India ment for this behaviour. ficial said. —PTI he said. —PTI Vigano has been commu- Sunday when the pope was in cause Francis blocked his US Church officials. —Reuters

A plan to save Kenya’s rhino left 11 dead

It was a disaster that left warnings about the site’s un- East, a project that the Kenya
wildlife lovers around the suitability. Wildlife Service (KWS) and
globe appalled and baffled. Yet the relocation project WWF had spent six years pre-
Eleven of Kenya’s precious was pushed through — and paring.
black rhinos were transferred officials are now blaming There, the rhino drank
to a new home in what was each other for the fiasco. borehole water so salty that it
supposed to be a routine op- The translocation was corroded a metal grill around
eration in a country fabled for launched with great fanfare the pump valve, and no other
its conservation. in late June by Kenya’s tour- wildlife would come near it,
So how did all of them ism and wildlife minister, KWS personnel subdue a sedated said Dr Benson Kibore, head
end up dead? Najib Balala, and the World black rhino at the Nairobi National of Kenya’s Union of Veteri-
The primary cause of Wildlife Fund (WWF), which Park — ­file photo nary Practitioners.
death, an official report donated a million dollars The saline water made the
found, was due to toxic levels (860,000 euros) for the project. rhinoceros (Diceros bicornis) animals only thirstier, push-
of salt in the water of their Dubbed #TheBigMove, the as Critically Endangered — ing them to drink more, draw-
sanctuary. operation would help ensure just one step away from being ing water out of their body
But an investigation has the survival of a species bru- extinct in the wild. tissue, thickening and slow-
found that the problem was tally depleted by poaching. Rhino from parks in Nai- ing their blood. They were
well known and deep con- The International Union robi and Nakuru were sedat- “desiccated”, said Kibore.
cerns were ignored. for Conservation of Nature ed, loaded and transported to A rhino named Bolt was the
Experts sounded repeated (IUCN) describes the black a new sanctuary in Tsavo first to die. —AFP

Top lawyer tenders & Notices

latest to leave
White House
Washington: White
House counsel Don Mc-
Gahn, a consequential in-
sider in President Donald
Trump’s legal storms and
successes and a key figure
in the administration’s
handling of the Russia in-
vestigation, will be leav-
ing in the fall, the presi-
dent announced on
Wednesday.
McGahn’s exit contin-
ues the churn of top offi-
cials as the administration
sets records for turnover
and the White House strug-
gles to fill key vacancies.
Unlike some less-amia-
ble separations, however,
Trump praised McGahn as
“a really good guy” who has
done “an excellent job.”
Trump said McGahn’s
departure had nothing to
do with his interviews with
the special counsel investi-
gating possible Trump
campaign collusion with
Russia in the 2016 election.
Pressed by reporters,
Trump said he had ap-
proved the attorney’s inter-
views and was unconcerned
about anything McGahn
might tell prosecutors.
“We do everything
straight,” he said. “We do
everything by the book.”
Besides dealing with
special counsel Robert
Mueller’s investigation,
McGahn has had impor-
tant input on a range of
issues from policy to per-
sonnel to national secu-
rity. —AP
31
Friday
August
2018

Ahmedabad
[Link]

Sensex Nifty FTSE 100 Nikkei 225

38690.10 32.83 q 11676.80 15.10 q 7563.21 54.01 q 22869.50 21.28 p
Gold 10 gram 30145.00 80.00p Silver kg 37085.00 35.00 q Brent Crude $/barrel 77.03 1.47 p

US $ 70.74 0.15 p EURO 82.67 0.35 p British pound 92.05 1.11 p UAE dirham 19.28 0.05 p

news in numbers $1.9 billion - Firms are likely to spend on information security products and services in 2019, according to Gartner

moneyedit ICAI may review rules HCC subsidiary Lavasa

enters NCLT proceedings
to stop exits of auditors
Don’t go too
fast on 5G Ashish K Tiwari

T
he government is mov- t_ashish@[Link]
22
First in dna money
Thursday
March
2018
MUMBAI

22
[Link]

Thursday
SENSEX FTSE 100 BRENT CRUDE US $ BRITISH POUND
33136.18 139.42  7061.27 18.34  ($/BARREL) 65.21 0.01 91.70 0.35

ing steadfastly on 5G
 

HCC informed BSE on Thursday that

NIFTY NIKKEI 225 EURO UAE DIRHAM

ch
66.89

Mar
10155.25 30.90  21380.97 Closed 1.40  80.03 0.15  17.76 0.01 

NEWS IN NUMBERS `6,213 crore — Worth of road projects National Highways Authority of India has awarded in Karnataka
2018

Govt feels audit standards generalised, allow auditors to exit firms easily
HCC subsidiary Lavasa Corp headed for bankruptcy?
technology. Once com- Mumbai: Infrastructure MUMBAI
MONEYEDIT
mand
Start-ups
[Link]
employment
Ashish K Tiwari
t_ashish@[Link]

Mumbai: India’s first pri-

vate hill city project Lavasa,
envisioned by infrastructure
end of this month. The
funds-starved company is
finding it difficult to man-
age day-to-day opera-
tions and has started resort-
ing to selling non-core
NOT SERENE
 The company is
finding it difficult to
manage day-to-day
tra, the project has been fac-
ing various hurdles includ-
ing policy flip-flops and al-
leged wrong-doing by activ-
ist groups.
The delays and setbacks
tainty on the completion of
these housing units,” said
sources. In fact, investors in
Lavasa’s residential units
had approached the Maha- corporate insolvency process has been
US $
BRITISH POUND
91.70 0.35 
BRENT CRUDE
rashtra Real Estate Regula-
operations

initiated against Lavasa Corporation

generation
major Hindustan Construc- equipment to raise money significantly marred the de- tory Authority (MahaRera)


tion Company (HCC) chair- and meet immediate ex-  It is selling non- velopment, bringing con- seeking a resolution.

0.01
mercialised, it is expected major Hindustan Construc-
man Ajit Gulabchand, could penses. Besides, the pres- core equipment to struction work to a stand- MahaRera had initially

W 65.21 UAE DIRHAM

hile the infant mortal- be heading for bankruptcy. sure is also building from raise money and meet still, thus prompting inves- dismissed their complaints

($/BARREL)
ity rate among start- Lavasa Corporation Ltd people who had bought tors to seek a refund and or

FTSE 100
in its January 15, 2018, order,
immediate expenses,
ups in the country is (LCL), a unit of HCC that’s apartments/villas many adequate compensation. terming the buyers as les-
sources said
increasingly high, they are developing it, is considering years ago to refund the “Lavasa needs to deliver sees and not flat owners.
contributing their might to approaching the National money as they have not residential units the overall However, just last week,

0.01 
18.34  EURO
light up the employment Company Law Tribunal been given a possession of market speculations.” on Insolvency and Bank- debt recast once the re- value of which is estimated the tribunal set aside its ear-

SENSEX 7061.27 17.76

scenario. IT veteran and (NCLT) owing to challenges their respective assets,” a However, the spokesper- ruptcy Code, the process vised framework is deliber- to be over Rs 700 crore. To lier order and the case will

ka
former Infosys director TV faced in raising money for source said, requesting not son added, “We have been has been slowed down till ated to the satisfaction of clear the delayed delivery, it now be heard in Mumbai on


awarded in Karnata
Mohandas Pai said India project completion. to be quoted. working jointly with the further clarity on the finer all involved.” will need at least Rs 300-350 March 27, 2018. The Lavasa

139.42 
has about 30,000 start-ups “The Lavasa manage- When contacted, a spokes- consortium of lenders for a

66.89
nuances of the revised Once touted to be India’s crore. However, that’s not spokesperson in his response
0.15

to change the dynamics of tion Company (HCC) said on 33136.18 80.03

currently employing about ment is planning to declare person from Lavasa Corpo- financial solution for Lava- framework emerge. We are first smart city spread across possible as no additional said, “We cannot comment

NIKKEI 225
hority of India has
3.5-4 lakh people. What is bankruptcy and is likely to ration Ltd said, “As a policy, sa. Due to Reserve Bank of hopeful of a comprehen- 25,000 acre in Mugaon and funding is coming into the on MahaRera’s decisions.
more, 5,000-plus such ven-
tures keep sprouting every
approach the NCLT by the we avoid commenting on India’s recent notification

sive solution for Lavasa’s

1.40
Dasve near Pune, Maharash- project and there is no cer- Turn to p3

‘Give sops for retail

year. He predicts that there

ional Highways Aut

INC MOSTd
INDIAClose Only five original
will be 1 lakh active start-

NIFTY 21380.97 ABOUT RISING PROTECTIONISM bidders can vie

CONCERNED
ups in India by 2025 that

for bankruptcy
employ about 32 lakh peo-

road projects Nat

ple. Start-ups received

30.90
about $13.65 billion fund-

play in govt bonds’
10155.25
ing last year, which have Firms in India are most concerned about rising

not only telecom but other Anjul Tomar ask the Institute of Char- Thursday that its wholly- of
protectionism across the world, which in turn is affecting

rth
steadily built about $95 bil-

Wo for Essar Steel

lion in value, according to cost of cross-border trade and international business,

e —
him.

S `6,213 cror
says an HSBC survey

heNOTadSEREed
On the flipside, the fail-

9 10 3 5

WS IN NUMBER
ure of start-ups continues
to be an enigma. According
Dealers seek FPI limit hike for record govt borrowing in – Businesses in India feel in Manju AB [Link]@[Link]

p
to Pai, 60% of them may governments are turning increasingly (61%) – The

or
fail owing to various fac- protectionist global average Mumbai: The committee of

C
tors. Market dynamics are Manju AB & Anjul Tomar to book profits. creditors (CoC) of Essar

owned subsidiary Lavasa NE

10-YR GOVT BOND

sa
changing so fast making it [Link]@[Link] A senior dealer who at- OTHER REGIONS WHERE THAT SENTIMENT IS STRONGEST Steel, which met on Tuesday
YIELD In %

va
difficult for start-ups to 7.8 tended the meeting said, to finalise on bankrupt com-

industries as well as it [Link]@[Link] tered Accountants of India

La
keep their strategies and Mumbai/New Delhi: Bond “There was a suggestion to pany’s fate, has decided to
business plans agile. They dealers have suggested pro- 7.583 attract retail investors by allow the five original bid-

completi

ry
7.5 70% 68% 61% 50%

HCC subsidia
may be constrained to viding tax incentives to re- giving some tax incentives ders to put in fresh applica-

tainty on the
show the profit within a tail investors so that they 7.2 which they said was an tions to take over the debt-

t has been fac-

finite period if additional could aggressively invest in easy way to increase the laden company.

units,”
Middle-East and Asia Pacific The USA Europe
funding is to be sought. government bonds. investor base. The other ArcelorMittal and Nu-

these housing
6.9 North Africa

tra, the projec

While some start-ups In a meeting with finance point mooted was increase metal, an SPV floated by Rus-

es includ-
bank heavily on the quick- ministry officials ahead of 6.6 the FPI limit in govern- FIRMS sia’s VTB Capital and Re-
BACK TO SQUARE ONE

fact, invest
ly changing government announcing the govern- 6.651 ment bonds.” AROUND want Ruia, will be given a

ing various hurdlps and al- sources. In

policies, a given recipe for ment’s borrowing calendar, The FPI limit in the gov- THE WORLD new chance to bid again,  ArcelorMittal and

NE
6.3
disaster, some ideas are the dealers also sought an Apr 3, 17 Mar 21, 18 ernment securities is 5% of ARE VERY banking sources said. The Numetal will be given a

will shift the focus to- (ICAI) to look into the matter Corp Ltd (LCL) is headed to
well ahead of their time. increase in foreign portfolio the total outstanding govern- State Bank of India-led con-

ntial
FOCUSED chance to bid again

ing policy flip-flo by activ- Lavasa’s reside the

While most startups boot- investment (FPI) limit in ment debt. In emerging mar- sortium of lenders on Tues-
strap their initial phase government bonds.
STEEP YIELD CURVE kets, FPIs hold 20% to 30% of ON GROWTH day rejected the bids of Arce-  The two cos failed
before they are able to They also demanded an  With the Centre’s the government debt.
77% lorMittal and Numetal as to meet the eligibility
criteria under the IBC

leged wrong-doing had approached

raise funds, increase in ex- increase in floating rate gross borrowing at Rs Primary dealers on they failed to meet the eligi-

is
The company
penditure subsequently bonds, which is having a 6.05 lakh crore, the Wednesday also pitched for – Optimistic bility criteria under the In-
could raise a question good appetite in the market. government is in a hurry more shorter-duration bonds about their solvency and Bankruptcy tire process once again,” a

. The  Estate R
mark on their survival. With the Centre’s gross to cool the yields to help boost demand for gov- international Code 2016 (IBC). source familiar with the de-

month ist groups. rashtra Real

borrowing at Rs 6.05 lakh ernment securities in the business The fresh bids will have to velopment said. Most of the

T
to
WHAT COMPANIES ARE DOING

end of this finding it difficult

 The public sector

the National Company Law MONEYEDIand

and setbacks
crore for 2018-19 and the meeting called by the finance Increasing regional trade prospects, be submitted by April 2, bidders in the first round
banks have stayed

any is rity (Mah

INSIDE states likely to borrow
away from the market
ministry in New Delhi.
Establishing joint ventures or local subsidiaries
expect the banking sources said. The had pulled out, leaving only

wards artificial intelli- New Delhi: The central gov-

comp delays

and suggest ways to deal with

Autho
around Rs 3.5 lakh crore, the “Primary dealers feel that volume of trade companies that will be al- Numetal and ArcelorMittal

ed The tory
as bad loans are eating
MARKETS in more markets

Ashish K Tiwari -starv -day

government is in a hurry to the shorter duration papers to increase over lowed to bid in the new in the race for acquiring Es-

funds manage day-to marred the de-

into their earnings

g a resolution.
Firms under NCLT face cool the yields so that its will increase demand for Capitalising on trends in consumer demands and the next 12 round are Numetal, Arcelor- sar Steel. Numetal failed the

ult to man- significantly

tighter disclosure norms P2 costs are kept under check. government securities digital technologies months Mittal, Nippon Steel, Vedan- test as it had Rewant Ruia,

t_ashish@[Link] findin g it diffic con- seekin

About 60% of the gross few takers. which are seeing reduced ta and Tata Steel. son of Ravi Ruia, promoter

i
Almost 74% - Of overseas trade in Europe

ra-
borrowing programme is ex- The public sector banks buying by the public sector Globally, majority “All the original bidders of Essar group, as one of the
COMPANIES pected to be completed by have stayed away from the
o p
banks and reduce MTM
e and Asia-Pacific is being conducted within
operat
have been allowed to bid
ions partners in the consortium.
bring ing had
MahaRera
of firms are

age day-to-day velopment,

UltraTech says some Binani September 2018. market as bad loans eat (mark to market) losses,” looking at regional 'home' region again. No new bidder will be ArcelorMittal, did not quali-

to a stand-
Start-ups
lenders backing its bid P3 The government securi- into their earnings and the said a finance ministry offi- partners to develop allowed to come in at this fy as it had a stake in Uttam

d resort-
The trend is set to continue for the next

s first pri- their com

ties market today is flood- foreign banks have been cial who was privy to the stage as this will mean that Galva, a loan defaulting

struction work ting inves- dismissed

trade opportunities three to five years
ed with bonds, which have selling off their holdings

and has starte

meeting. Turn to p3 we will have to run the en-
non-
company. Turn to p3

Mumbai: India’ t Lavasa,US slaps  It is selling

BACKSTAGE

gence, internet of things, ernment is considering a re- it. Auditing standards are Tribunal (NCLT).
Comfy at work P4
tionsdumping non-c ore 15, 201
Goa mine order may hit other
vate hill city
projec states too gSuggestions
ing to sellin invited formone y core equipment
to still, thus promp in its January
refund and or buyers
IN BRIEF

employment
Most complaints infrastructuredutyequip on Indian steel
to raise and meet tors to seek a terming the
envisioned by raise money
Praveena Sharma

ment new tax law

He said states like Odisha,
DIGGING DEEPER
n.
correspondent@[Link]

and not flat own

Karnataka, Andhra Pradesh,

stan Construc- diate ex- ate compensatio

are against banks  Legal experts say the Jharkhand and others,
New Delhi: The cancella-

Hindu meet imme

apex court judgement which have abundant min- Lalit K Jha merce has found that export-

expen ses,
DNA Money Correspondent

adequ r sees
and immediate to delive
The banking division in tion of 88 mining leases in clarifies how the eral resources, will ensure ers from China and India correspondent@[Link]

major la
(HCC) chair- es, the pres- “Lavasa needs However, just
the Department of Fi- Goa Supreme Court may provisions of MMDRA,

view of auditing standards

that that prescribed process- Washington: The US has have sold stainless steel

smart connected devices, framed by the ICAI, which DNA Money had first re- generation
nancial Services and lead to other mineral-rich 2015 should be read es of renewal and fresh min- decided to slap anti-dumping flanges in the US at 257.11% New Delhi: Central Board

tion Company pense s. Besid sources said the overall

the Department of Tele- states reviewing the court eral mining leases under the duty on stainless steel flang- and 18.10 to 145.25% less than of Direct Taxes (CBDT) on

set asid
 This could see state

chand, could buildi ng from

communications (DoT) order to ensure the leases MMDRA are duly followed, es imported from India and fair value, respectively, ac- Wednesday invited sugges-

residential units estimated the tribunal

received the maximum granted by them were con- govts review the SC as interpreted by SC. China after it found in its cording to an official state- tions from stakeholders and

man Ajit Gulab sure is also

number of complaints sistent with the provisions judgement and relook “In all these states, the preliminary probe that both ment. Following this deci- the general public to prepare

had bough t
at mining leases issued

bankruptcy. is order and the

in the last three years, of the The Mines and Miner- governments are going to the countries provided subsi- sion, the commerce depart- new tax law.
by them

value of which
the government in- als Development and Regula- take action. All minerals are dies to the exporters. ment will instruct the US A task force has been con-

be heading for peopl e who crore. To lier be heard in Mu

formed the Lok Sabha. tion Act (MMDRA), 2015, covered under the MMDRA. President Donald Trump Customs and Border Protec- stituted to review the Income-

once the re-

A total of 1,06,299 and said legal experts. should be read. ernments could very well The interpretation of provi- had earlier this month im- tion (USCBP) to collect cash tax Act, 1961, and draft a new

l- ration Ltd s many debt recas t be over Rs 700

1,21,075 complaints were A legal expert with a ma- “We don’t know how it (re- review the judgements them- sions under it is the same for posed heavy tariffs on im- deposits from importers of direct tax law in consonance

infant morta

ported the possibilities of W

Lavasa Corpo apart ments /villa deliber- to
now
received by the DFS jor law firm, who spoke newal or grant of leases) has selves and then take action. all minerals. So essentially it ported steel and aluminium the stainless steel flanges with the economic needs of

virtual medical services to plug loopholes in the wake

hile the d delivery, it
functions under the adminis-
and Bank -
(banking division) and anonymously, told DNA happened in other states, Therefore, they could change could impact other states,” which he said were neces- from China and India, based the country, the government

of HCC that’s refun d the framework is 2018. Th

DoPT last year. Money that the apex court’s but, of course, it has an im- their position on their exist- he said. In February, the SC sary to boost the US industry on these preliminary rates, it said. The panel has to submit

g start- on Insolvency clear the delaye Rs 300-350 March 27,

aroundamon
years ago to
pronouncement on renewal pact because there is a judi- ing (mining lease) cancelled the renewal of suffering from “unfair” busi- said. In 2016, imports of its report by May-end.

ity rate (LCL), a unit proce ss vised the satisf action of

‘Banks may turn of mining leases by the Goa cial pronouncement of SC cases, based on facts and leases of 88 mining firms ness practices, a move that stainless steel flanges from “In this endeavour of

not in his
in FY20’
ry is is considering s.” need at least spokesperson
government, essentially, dealing with how the provi-

y Code, the
background. We don’t know, claiming they were done in a has sparked fears of a global China and India were valued drafting the new tax law, it is

ups in the count are as they have of t speculation to

Making a case for more made it clear as to how the sions of MMDRA (2015) have but that could happen,” he haste by the Goa govern- trade war. at an estimated $16.3 million imperative to engage with

developing it, y marke ruptc ated will not

concrete steps to provisions of MMDRA, 2015 to be read. The (state) gov- said. ment. Turn to p3 The Department of Com- and $32.1 million. —PTI stakeholders and the general
strengthen internal con-

National mone ssion spoke sper- d down till public. Suggestions and feed-

ver, that’s cannot

high, they ask gforthe given a posse However, the has been slowe the finer all involved.” to be India’s crore. Howe no additional said, “We
trol system in PSU back are invited from stake-

increasingly PNB fallout:appro

banks, S&P Global Rat-

Banksachin 150% security from jewellers

Tribunal been a have been
holders and the general pub-

d
ctive assets,”
ings said the banking lic in the format provided on

and machine to machine of the recent spate of resig- Lavasa, which has been de-
their might to
trative control of the MCA.
y on le as on MahaRera’s
son added , “We with the further clarit the revise d Once touted
sector could witness a the departmental website

Company Law challenges their respe across possib

turnaround in fiscal [Link].

contributing g into the

2019-20. S&P said it ex- Sumit Moitra provide securities to the ex- Money that the bank has pact only a handful of play- Feedback may be sent

employment requesting not y smart city spread and funding is comin Turn to p3
pects Indian banks to m_sumit@[Link] tent of 150%. Jewellers who adopted a cautious ap- ers in the industry, Parekh, a through e-mail at rewriting-

to
source said, worki ng jointl es of
accelerate bad loan rec- have already put their real proached in lending while veteran industry player, itact@[Link] latest by 2nd

light up the (NCLT) owing rs for a nuanc e. We are first is no cer-

ognition of the weak Kolkata: Times are getting estate on lien would be in dif- refusing to accept the allega- said. April, 2018,” the finance min-

n and g money for in Mugaon project and there

loans in the next few more difficult for jewellers ficulty to provide further col- tion it has stopped funding “The LoUs were used istry said in a statement.

drops vetera
to be quoted. rtium of lende framework emerg rehen - 25,000 acre
quarters. in the aftermath of the Pun- lateral,” Ravi Karel, state the industry altogether. mainly by those who are im- Comments have been in-

[Link] IT faced in raisin a spokes- conso ial solution for Lava-

jab National Bank fraud. secretary of Bullion Gem & “For banks, it’s now a porting finished jewellery. vited from the public on the

Maharash-
Govt wheat Following the Nirav- Jewellery Association, said strategy of ‘offence is the Billions were imported by issues ranging from filing of

or TV comp

Only five origin

tax plan
s direct
Choksi episode, bankers are

etion.
on the sidelines of a road-

contac ted, of
best defence’. While some

ul a mostly canalising agencies,

near Pune,
returns to processing of re-

communications, among nation by auditors, many of “We will review it. The loop- veloping a private hill city
former Infosy project compl When hopef Dasve
a Corpo- financ to Reserve Bank of
The Centre has dropped now asking for collateral of show for Bengal Internation- corrupt bankers, in hand-in- while diamond imports hap- funds, tax credit and disput-

a mana ge- for Lavas a’s

a plan to double wheat up to 150% in the form of im- al Jewellery Show. glove with some jewellers pened strictly on cash or se- ed tax demands.

said India n from Lavas sive soluti on

import tax to 40%, two movable assets from jewel- While banks were earlier committed the fraud, such curity. It’s only a few large Suggestions have been

Mohandas Pai start-ups “The Lavas Due

government sources lers, a demand which a sec- accepting part of the collat- bankers, in a bid to absolve jewellers who would import sought from the non-busi-
said, in a sign it expects tion of industry players is
e
eral in the form of stocks,
perso policy , sa. them of the responsibility,

cation
finished jewellery at a high ness taxpayers if they face

ing to declar said, “As a t notifi

imports to make up for finding difficult to meet. post unearthing of fake are making life difficult for mark-up cost to be sold only any difficulty in filing in-

has about 30,000 ment is plann to ration Ltd India ’s recen

a shortfall in domestic This comes amid several and synthetic gold and dia- smaller players by either to few high networth cli- come returns without help
production for the third large banks becoming cau- mond jewellery, even stocks asking for more collateral or

enting on
ents,” he said. from professionals and if

‘Give sops cr
ying about and is likely
year in a row. As late as tious in extending loans alto- are not being considered, he would further make things Nitin Khandelwal, chair- trying to cut their exposure,” Players like Choksi, how- there are issues in e-filing

for retail
we avoid comm

`3,500
a few weeks ago, the gether. said. difficult for jewellers,” he man of All India Gems & Pankaj Parekh, regional ever, tried to game the system tax deducted at source (TDS)

currently emplo . What is bankr uptcy

CERNED
food, trade and finance “Earlier, the collateral (re- “And now with the coming said. Jewellery Trade Federation, chairman, India Bullion by importing finished jewel- returns.

dders can vie

others. 5G will also be them exiting listed firms project near Pune for over a ment IND project and
TECTIONanISM initia-
NCLT by the
holes will have to be plugged,”
ministries were consid- quirement) was about 85% to light of another scam Hike in demand for collat- has recently alleged that sev- and Jewellers Association, lery on LoUs and then export- On the processing of re-

IA INC MOST CON

ering hiking the tax to for most of the jewellers. In where jeweller Kanishk Gold eral comes after several eral banks have stopped sup- said. ing them against cash, re- turns, comments have been

3.5-4 lakh people appro ach the

40% to ensure that local the initial days of the scam, of Chennai has been charged banks shying away from ex- porting the sector. The ban by Reserve Bank ceived through the hawala sought on whether refunds
prices remained steady. it was hiked to 110%. And with defrauding banks of tending credit to the gem and A Mumbai-based bank, of India on Letter of Under- route thereby short-changing are being processed in time

lus such ven-

now we are being asked to close to Rs 1,000 crore, this jewellery industry. when contacted, told DNA taking would, however, im- the banking system, he said. and correctly.

tive well ahead of its bi

more, 5,000-p
ting every
ABOUT RISING PRO
tures keep sprou
ts that there

critical to government’s abruptly or ahead of quar- said another official, adding decade now under the same time.
year. He predic

for Essar Steel

active start- about rising
will be 1 lakh most concerned
by 2025 that Firms in India are world, which in turn is affecting
ups in India

play in govt bonds’

the ss,
employ about
32 lakh peo- protectionism across trade and international busine

various ambitious pro- terly results. that this should not become name, heading for bankrupt- “While shareholders inter- cost of cross-border an HSBC survey
received
ple. Start-ups says
$13.65 billion fund-

3 5
about
which have b@[Link]
ing last year, Manju AB manju.a

jects – smart cities and Auditors in as many as 204 cy on March 22 this year.
about $95 bil-
9 10 in

an excuse for an exit route. Debt of Lavasa Corporation for record govt borest rowing have been sacrificed, we
steadily built – Businesses in
India feel committee of
value, according to in (61%) – The Mumbai: The
lion in turning increas ingly of Essar
him. governments are global average creditors (CoC) on Tuesday
e, the fail- Steel, which met

The hill city project has in May 2017Dealers seek FPI limit hike
On the flipsid protectionist GEST bankrupt com-

Digital India. The 5G spec- listed companies have re- The government feels that ure of start-u
to be an enigm
to Pai, 60%
ps continues

of
a. According
them
are hopeful that the pioneer-
may
to book profit
A senio r
s.
deale r who at-
ng said,
OTHER REGIONS
WHER E THAT SENTI MENT IS STRON to finalise on
pany’s fate,
allow the five
has decided
original bid-
fresh applica-
to

various fac- 10-YR GOVT BOND 7.8 tended the meeti ders to put in

trum allocation policy is signed between January 1 there are some statutory du- been marred due to environ- ing efforts to grow Lavasa
Tomar 50%
fail owing to Manju AB & Anjul suggestion to 61% over the debt-
dynamics are [Link]@[Link] YIELD In % “There was a 68% tions to take
tors. Market g it inves tors by 70% compa ny.
fast makin t retail laden
changing so 7.583 attrac
tax incentives and Nu-
start-ups to Delhi: Bond 7.5 Europe ArcelorMittal
difficult for Mumbai/New giving some

and July 17 this year, as per

floated by Rus-
expected to come out by ties which the auditor has to mental, political and finan- into a thriving city will now
said was an The USA
gies and suggested pro- which they Asia Pacific metal, an SPV BACK TO
keep their strate dealers have tives to re- incre ase the Middle-East and l and Re-
agile. They 7.2
easy way to sia’s VTB Capitabe given a

The red line

business plans ained to viding tax incen that they The other North Africa FIRMS
may be constr within a tail investors
so inves tor base. se want Ruia, will bid again,  ArcelorM
y invest in d was increa AROUND new chance
to

the end of this year. A the filings on MCA-21 soft- perform. “Statutory auditors cial issues as a result of Code (IBC). NCLT has ap- find stewardship in the
6.9
show the profit could aggressivel . point moote The Numetal w
onal in gover n- THE WORL D ng sources said.
finite period
if additi
gover nmen t bonds the FPI limit banki
India-led con- chance to
be sought. with finance 6.6
ment bonds.” ARE VERY State Bank of
funding is to In a meeting of gov- s on Tues-
start-u ps ls ahead The FPI limit
in the
FOCUSED sortium of lender  The tw
While some ministry officia

committee set up by the ware, sparking fears among have a lot of empowerment which it is has faced signifi- pointed Devendra Prasad as hands of a new owner, ena-
the gover n-
6.651
ties is 5% of bids of Arce- to meet th
on the quick- 6.3
ernment securi ON GROWTH day rejected the
bank heavily announcing - Numetal as criteria u
gover nment wing calendar, nding govern lorMittal and

204 20-60%
ly changing ment’s borro Mar 21, 18 the total outsta
77%
for sough t an Apr 3, 17 emerg ing mar- to meet the eligi-
policies, a given
recipe
the dealers
also ment debt. In of they failed the In-
E n portfolio hold 20% to 30% criteria under

Department of Telecom- investors. under the ICAI Act. So they cant delays. interim resolutionSTEEprofes- bled by NCLT. A swift resolu-
CURV ideas are foreig tire proces
disast P YIELD
er, some
their time.
increa se in
(FPI) limit
in kets, FPIs
t debt. – Optimistic
bility
solvency and
Bankr uptcy
source fam
well ahead of investment the gover nmen

listed firms have seen

boot- ’s s on about their (IBC).
ps
gover nment
bonds .
 With the Centre Primary dealer 2016 velopment
While most startu l phase also pitched
for international
Code will have to
initia demanded an ing at Rs The fresh bids bidders in

munications recently The shares of many of In a BSE notification late sional under the provisions
also esday

tion through IBC will benefit

borrow

should use their authority.

strap their They gross Wedn April 2,
are able to floating rate the tion bonds business be submitted
by
had pulled
before they increase in g a 6.05 lakh crore, a hurry more shorter-dura d for gov- ts, es said. The
se in ex- is havin is in deman ARE DOING prospec ng sourc Numetal
raise funds, increa quently bonds, which government to help boost WHAT COMPANIES banki

auditor exits between

t. ities in the expect the will be al-
subse good appetite
in the marke to cool the yields ernment secur the finance l trade companies that in the rac
penditure Increasing regiona volume of trade in the new

came out with a roadmap. these companies have taken They should ask for docu- Thursday evening, HCC said of IBC,” HCC said in the no- all stakeholders, especially
a question e’s gross by subsidiaries lowed to bid sar Steel.
could raise With the Centr sector meeting called Delhi. ventures or local to increase over tal, Arcelor-
survival. Rs 6.05 lakh  The public ministry in New s feel that Establishing joint round are Nume - test as it
mark on their borrowing at s the next 12 n Steel, Vedan
9 and the banks have stayed t “Primary dealer papers in more market demands and Mittal, Nippo son of R
crore for 2018-1
January 1 and July 17 Drop in stock prices
w the marke on in consum er
to borro away from the shorter durati Capitalising on
trends months ta and Tata Steel. al bidders of Essar

This time, India might a huge beating, some falling ments, complain to the audit that corporate insolvency tification. customers who have patient-
states likely crore, the loans are eating deman d for ogies origin
lakh as bad se technol “All the ers
around Rs 3.5 increa d to bid partn
INSIDE gs will digital
is in a hurry
to
into their earnin securities s trade in Europe have been allowe will be ArcelorM
gover nment its gover nment reduc ed Almost 74% - Of oversea ted within bidder
MARKETS
so that y c is being conduc again. No new h
cool the yields which are seeing Globally, majorit and Asia-Pacifi this fy as it
to come in at
follow global countries 20-60%, over the abrupt exits committee. They are just run- process has been initiated Lavasa Corp is jointly ly supported Lavasa through
face kept under check. s. g by the public sector fi rms are allowe d Galva,
Firms under NCLT costs are few taker banks buyin and reduce MTM of 'home' region will mean that
norms P2 the gross l next stage as this n
tighter disclosure About 60% of is ex- The public sector the banks losses ,” looking at regiona trend is set to continue for the to run the en- compa
amme away from t) The we will have
borrowing progr have stayed (mark to marke partners to develop
completed by bad loans eat finance minis
try offi- three to five years

closely in 5G adoption, un- by auditors. What the Centre prescribes ning away,” said an official. against Lavasa Corp. “The held byIESHCC (68.7%), Avan- its tumultuous period.” mping
pected to be market as the said a trade opportunities
COMPAN September 2018. Sug
i- into their
earnings and cial who was
privy to the

ps du
Binani t secur have been to p3

US sla
UltraTech says somebid P3 The gover nmen is flood- foreig n banks holdi ngs meeti
ng. Turn

invi
to o
its today sellin g off their
ties market

tes
lenders backing

like in the past when the The reasons behind the The MCA will be able to NCLT vide its order dated thaBACKST Group (17.18%), Ven- ot Under
he r sta the CIRP
ed with bonds
process,
, which have

el
 The government feels there are  It feels they should ask for der may hitthe ty on Indian ste new
AGE

country was a laggard exodus range from non-coop- tighten the noose around the 30/08/2018 has admitted a kateshwara Go a m ine or
Hatcheries
Comfy at work
resolution
P4
du
professional He said states
like Odisha,
a Pradesh, that export-
DNA M

some statutory duties which documents, complain to DEEPER Karnataka, Andhr merce has found and India corresp
IN BRIEF DIGGING Jharkhand
and others
,
Lalit K Jha ers from China ess steel

while implementing 3G eration by the companies auditors with the proposed plea filed by operational (7.81%) Most complainand Vithal Maniar and the committee of credi-
abundant min- have sold stainlat 257.11% New s say the
 Legal expert ent
Praveena Sharma which have
ts [Link] eral resources,
will ensure
Washington:
The US has
flanges in the
US
apex court judgem of D

the auditor has to perform the audit committee

correspondent@ ibed proces s- anti-d umpin g % less than
that that prescr fresh min- decided to slap and 18.10 to 145.25 tively, ac- Wed
clarifies how the
are against banks The cancella- ess steel flang- fair value, respec l state- tions
A,

and 4G. But the govern- causing the lack of adequate creditors who initiated cor- (6.29%). tors will take charge of Lava-
and
provisions of MMDR
changes in the standards. Au- New Delhi: es of renewal duty on stainl
g leases in under the from India and cording to an
officia read
tion of 88 minin eral mining leases followed, es imported 2015 should be the g
division in Court may duly it found in its ment. Follow
ing this deci-
The banking Goa Supreme MMDRA are China after t- new
see state
tment of Fi- other miner al-rich
interp reted by SC. inary probe that both sion, the commerce depar
 This could A
prelim

ment needs to move cau- information regarding busi- porate insolvency resolution Arjun Dhawan, director
the SC

ditors are required to comply sa management and work

the Depar lead to as states, the ct the US
ing the court provided subsi- govts review
ment will instru r Protec- stitu
nancial Servic
es and
states review “In all these the countries relook
are going to and

Experts’ take
of Tele- e the leases gover nments the exporters. p Customs
and Borde
judge ment
the Department (DoT) order to ensur were con- are dies to P) to collect cash
issued tax
unica tions ed by them take action . All minerals Presid ent Donald Trum tion (USCB at mining leases of dir
comm grant ions the MMDRA. month im- from importers

tiously. Globally, there is ness to inconsistencies in with the auditing standards process (CIRP) against Lava- and group chief executive towards implementation of
maximum t with the provis had earlier this by them
received the sisten Miner - covered under n of provi- tariffs on im- deposits ess steel flanges wit
aints and The interpretatio same for posed heavy the stainl the
number of compl of the The Mines very well and aluminium and India, based
years, and Regula- it is the
in the last three als Development RA), 2015, ernments could ents them- sions under it ported steel - from China inary rates, it
sai
So essentially said were neces
 Auditors resigning  They should  They on these prelim
t in- review the judgem all minerals. ,” which he
tion Act (MMD should be read. its

no commercial launch revenues, government sourc- sa Corporation Ltd under the officer, HCC, said Lavasa is a
the gover nmen

under section 143(10) of the a resolution plan within 270

Sabha. how it (re- take action. t other states the US industry imports of
formed the Lok and
ts.
said legal exper with a ma- “We don’t know selves and then e could impac sary to boost said. In 2016,
of leases) has they could chang ary, the SC “unfair” busi- flanges from
A total of 1,06,29
9
A legal exper
t
newal or grant , Therefore, he said. In Febru suffering from stainless steel dr
on on their exist-
al of move that were valued
aints were who spoke other states lled the renew practices, a China and India

from the detail the efforts should

1,21,075 compl jor law firm, happened in im- their positi lease) cance g firms ness of a global million im

yet, only trials and use es said. Insolvency and Bankruptcy very special urban develop-
$16.3

Companies Act, 2013. days.

DFS y, told DNA e, it has an (mini ng of 88 minin d fears estima ted
received by the but, of cours sparke at an st
anonymousl
apex court’s se there is a
judi- ing and leases done in a has war. $32.1 million.
—PTI
(banking divisi
on) and
Money that the on renewal pact becau cases, based on facts claimi ng they were n- trade of Com- and p
SC know, gover
ent uncement of round. We don’t by the Goa The Department b
DoPT last year. pronouncem Goa cial prono how the provi- backg n,” he haste

companies should made to get make

jewellers
by the could happe to p3
ment. Turn

cases. Secondly, telecom While the Ministry of

h

Experts feel that the audi-

of mining leases essentially, dealing with but that
‘Banks may turn’ RA (2015) have

rity from
gover nment, sions of MMD (state) gov- said. l
around in FY20 as to how the

s ask for 150% secu

made it clear read. The t
more RA, 2015 to be

be specific about information from adequate

for of MMD w
Making a case provisions

players are financially Corporate Affairs (MCA) is tor if not been left with any

Rupee hits 70.73/$, PNB fallout: Bank

to
concrete steps ul of play-

Paytm Mall
strengthen intern
al con- pact only a handf Parekh, a
in PSU y that the bank has ers in the indus try,
trol system Mone try player,
cautious ap-
the reason the company disclosures veteran indus
l Rat- adopted a

constrained, which will examining the matter and other choice than to resign
banks, S&P Globa ng lendin g while
ings said the
banki proached in t the allega-
said.
were used
witness a ties to the ex- refusing to accep d funding “The LoUs
sector could provide securi who are im-
fiscal Jewellers who tion it has stoppe ther. mainly by those jewellery.
turnaround in it ex- Sumit Moitra tent of 150%.

make spectrum auction a has so far ordered a probe should indicate in the resig-
put their real the industry
altoge porting finish
ed
2019-20. S&P
said
m_sumit@[Link] have already it’s now a imported by
banks to would be in dif- “For banks, Billions were
pects Indian estate on lien ‘offence is the agencies,
are getting e further col- y canalising

eyes alliances
loan rec- strate gy of
accelerate bad Kolkata: Times jewellers ficulty to provid Karel, state e’. While some mostl nd impor ts hap-

risky affair if it happens (inspection) under Section nation letter detailed rea-
weak lt for best defenc while diamo
ognition of the few more difficu lateral,” Ravi & rs, in hand-in- or se-
ath of the Pun- Bullion Gem corrupt banke strictly on cash
loans in the next in the afterm secretary of said jewellers pened . It’s only a few large
jab National
Bank fraud. Association, glove with some

likely to touch 72
quarters. Nirav - Jewellery of a road- the fraud, such curity who would import
the sidelines committed ers
t Following rs are on the Bengal Internation- absolve jewell ed jewellery at a high

in near future. The gov- 206 of Companies Act tors. Otherwise, people will generalised and too open sons such as the efforts made Govt drops whea
import tax plan ed
The Centre has
dropp
Choks i episode, banke
collateral of
now asking for form of im- al Jewellery
up to 150% in
the
show for

While banks
Show.
were earlie r
banke rs, in a bid to
them of the
are makin g
responsibilit
life difficu
y,
lt for mark-
finish

to few
up cost to be
high netwo
sold only
rth cli-
from jewel- of the collat- s by either

to take on
ernment has to ensure an against about 10 listed com- just resign, saying there is ended, allowing such resig- by the auditor. a plan to doubl
e wheat
movable assets accepting part smaller player ents,” he said.
40%, two d which a sec- of stocks, collateral or Players like Chokssystem
i, how-
import tax to lers, a deman eral in the form of fake asking for more exposure,”
try players is game the
gover nment
sources
tion of indus post unearthing and dia- trying to cut their regional ever, tried to jewel
it expects lt to meet. synthetic gold stocks Nitin Khand
elwal, chair- Parekh, ting finished
said, in a sign finding difficu & Pankaj n by impor

ecosystem is in place be- panies, it feels that there are non-cooperation from the nations to be justified. We “Auditors resigning from up for several and even further make
things India Gems India Bullio lery on LoUs and
then export
imports to make tic This comes amiding cau- mond jewellery, ered, he would lt for jewellers,” he
man of All
Federation,
chairman,
Association, again st cash, re
in domes becom being consid lery Trade Jewel lers ing them
a shortfall large banks are not difficu Jewel d that sev-
and
through the
hawal
the third ing loans alto- has recently allege
production for late as tious in extend said. the coming
said. d for collat- d sup- said. ve Bank ceived changin
The ban by Reser Under- route thereby short- , he said
fore the actual launch. also issues with the audit company. The circumstances find that audit standards the companies should be spe- year in a row.
As
gether. “And now with Hike in deman banks have stoppe
ral (re- er scam several eral g the sector. Letter of ng system

e-com biggies
ago, the er, the collate of anoth comes after of India on the banki
a few weeks “Earli to light eral
away from ex-
portin ed bank, , however, im-
finance about 85% Kanishk Gold A Mumbai-bas
food, trade and quirement) was where jeweller banks shying told DNA
taking would
consid- jewellers. In been charged to the gem and when contacted,
of Chennai has

DNA Money Correspondent

ministries were for most of the tending credit

With a growing Indian standards that need to be should come out clear while very specifically permit cific about the reason. They of the scam, of
ery industry.

$ per Rupee 
the tax to ding banks
ering hiking the initial days 110%. And with defrau this jewell
e that local to Rs 1,000 crore,
40% to ensur it was hiked to close to
ned steady. now we are
being asked
prices remai

middle class living in ur- plugged. putting resignation. We want them to resign in the event of should make adequate dis- correspondent@[Link]
Intra-day movement Inverted scale
ban areas, a variety of 5G As part of the ongoing to make it specific,” a top non-cooperation. That also closures. Markets do not like
business models for new cases, “we have noticed that government official said. has to be relooked into,” said uncertainty.” Pranav Hal- Mumbai: The non-delivera- p0.15 pts p0.21 % chg 70.57 Sankalp Phartiyal
services may be successful. we require a review of the The government feels that the official. dea, managing director, bles forward (NDF) market is
The economically weaker auditing standards for audi- the “audit standards are too The ministry may soon Prime Database, said. putting downward pressure 70.64 70.63 New Delhi: Paytm Mall, the
sections, living in smaller on the rupee, which closed at e-commerce venture backed
towns and villages, will another lifetime low of Rs 70.69 by China’s Alibaba Group, is

PNB seeks probe into Choksi’s Junk dynamic

Prve close 70.59

need special help to benefit 70.73 to the dollar on Wednes- 70.74 looking to deepen ties with
70.75
from 5G technologies. day, falling by 15 paise over regional retailers as well as

airfare pricing, the previous day’s close.

Punters in the NDF mar-
70.81 partner with top online gro-
cer BigBasket to compete

ST smart US firm Samuels Jewelers says parl panel

ket are betting that the gov-
ernment and the Reserve
Bank of India (RBI) do not
9:00 am Aug 30, ’18 17:00 pm
70.87 with Walmart-controlled
Flipkart and Amazon’s local
unit, a company executive
New Delhi: Some of the mind the rupee depreciating Free fall said.
India poised to Kumar Shankar Roy
correspondent@[Link]
Under scanner under Chapter 11. On August
27, PNB, as the largest victim
members of a Parliamentary
panel have suggested that
along with other emerging
market currencies. „„Punters are betting
Patym Mall, owned by
Paytm E-Commerce, is cur-
overtake UK to Mumbai: Fresh from a mor-
„„BDO India LLP
has found evidence of
of that fraud, sought the ap-
pointment of an examiner,
the government should look
at linking airfares with infla-
Today’s fall, forex experts
said, is also because of
that the government
and RBI do not mind the
rently the third biggest play-
er in India’s rapidly-growing
India is likely to sur- al victory, Punjab National payments from Samuels pursuant to section 1104(d) tion instead of dynamic pric- month-end dollar buying by rupee depreciating along online retail space.
pass the UK to become Bank (PNB) and US Trustee Jewelers to repay of the Bankruptcy Code, for ing system and also cap the importers. Crude prices have with other emerging The company already has
the world’s fifth largest have now trained their guns fraudulent letters of Samuels Jewelers, which is a ticket prices, sources said. also moved higher at $77 a market currencies a revenue-sharing partner-
economy next year on at Mehul Choksi’s Samuels undertaking 100% subsidiary of Mehul The suggestions were barrel. ship with Future Retail,
growing consumption Jewelers, seeking a probe Choksi’s Gitanjali Gems. made by some members of But the NDF market is „„There is heavy which owns hypermarket
and strong economic ac- into the US firm that has „„This case has Both Gitanjali and Choksi the Parliamentary Standing also playing a part. The ru- betting on the rupee in stores like Big Bazaar and
tivity, Finance Minister filed for bankruptcy. significant similarities have been implicated in the Committee on Transport, pee rates in the NDF market the NDF market, which fashion shops.
Arun Jaitley said. He The investigation may re- and connections to bank fraud and Choksi, like Tourism and Culture during is at 71.03 per dollar. NDF is may push it Rs 72 to It is now set to forge a
also exuded confidence veal the nature and extent of Firestar Diamond Modi, is currently an inter- a meeting with senior offi- an over-the-counter market the dollar levels partnership with BigBasket,
that India would be any involvement of the proceedings before the national fugitive. cials of the Civil Aviation that requires very little doc- also backed by Alibaba, Amit
among the top three American company’s execu- US Bankruptcy Court This case involving Chok- Ministry on Wednesday. umentation. NDF is open consulting at Mecklai Finan- Sinha, the chief operating
global economies in the tives in the biggest banking si’s Samuels Jewelers has There have been persist- through the week and is cial Services, said, “The NDF officer of the online market-
next 10-20 years. “This fraud in India, perpetrated significant similarities and ing concerns about steep most active in Singapore, market is putting pressure place, said in an interview on
year, in terms of size, by Choksi and his nephew rectors at Modi’s three US connections to Firestar Dia- fluctuations in air ticket Hong Kong, London, Dubai on the rupee. Speculators in Wednesday.
we have overtaken Nirav Modi. firms that filed for bankrupt- mond proceedings before the prices during festival sea- and parts of Europe. It offers the NDF market think that “We are in the process of
France. Next year we Just days ago, PNB cy soon after the $2 billion US Bankruptcy Court South- sons and calamities. a platform for speculative the government and RBI will integrating BigBasket on our
are likely to overtake was proven right as a fraud came to light were ern District of New York. Against this backdrop, trades and hedging and allow the rupee to fall so app,” Sinha said. “When we
Britain. Therefore, we US examiner, after aware of and involved “The similarities between some members of the panel frontruns the domestic forex there is heavy betting on the talk about partnerships
will be the fifth largest an intensive inves- in the scam. these cases – and the under- recommended that airfares market. Speculators buy dol- rupee which may push it Rs there will be brand partner-
(economy),” he said tigation, found On August 7, 2018, lying fraud – underscores the should be linked with infla- lars cheap in the Indian mar- 72 to the dollar levels. There ships, there will be retail
while inaugurating the substantial evi- Samuels Jewelers compelling need for the ap- tion, rather than the prices kets and sell it higher in the is an expectation among partnerships - and not only
office building of the dence showing filed a volun- pointment of an examiner in being determined on the ba- NDF market, beating down market participants about with pan-India retail chains
Competition Commis- that senior ex- tary peti- this case,” PNB attorneys sis of demand, a source, who the rupee. the current account deficit like Big Bazaar but also with
sion India (CCI). India’s ecutives tion for told the US Bankruptcy was present at the meeting Ritesh Bhansali, assistant (CAD) widening from 2.5% regional, local city-based
gross domestic product and di- relief Court. on Wednesday, said. —PTI vice-president-forex risk of GDP to 2.8% or 2.9%. brands,” Sinha said.—Reuters
(GDP) was valued at
$2.597 trillion at the end
of 2017 overtaking
French economy, which War of words Arun Jaitley and Rahul Gandhi spar a day after RBI announced 99.3% demonetised notes were returned
was amounted at $2.582

DeMo led to higher tax mop-up: FM ‘Attack to help big businesses’

trillion last year.
India pitches for
rating upgrade
Indiay pitched for rat- New Delhi: The larger pur- tion of the Non-deposited away illegally to avoid taxes. from 3.8 crore in March 2014 DNA Money Correspondent Amit Shah, exchanged Rs 700
ings upgrade with S&P pose of demonetisation was currency the only object of Jaitley said that when to 6.86 crore in 2017-18; num- correspondent@[Link] crore in the wake of demon-
as the US-based agency to move India from a tax non- demonetisation? Certainly cash is deposited in the ber of new returns filed post etisation. It cannot even be
discussed macro eco- compliant society to a com- Not.” Banks received Rs 15.31 banks, it loses anonymity demonetisation increased by New Delhi: Even as the Un- called a jumla, it can be
nomic situation with pliant one, and invalidation lakh crore or 99.3% of the Rs and can be identified with 85.51 lakh and 1.07 crore in ion finance minister Arun called a scam,” he said.
the Finance Ministry of non-deposited currency 15.41 lakh crore worth of Rs its owner. past two years; advance tax Jaitley on Thursday said the The Congress president
here against the back- was not its only objective, fi- 500 and Rs 1,000 notes that “Accordingly, post de- in first quarter of 2018-19 demonetisation of Rs 500, said, “The intention was
drop of depreciating ru- nance minister Arun Jaitley were in circulation on No- monetisation about 1.8 mil- witnessing a rise of 44.1 per 1,000 notes led to formalisa- very clear” and the exercise
pee and widening cur- said on Thursday. vember 8, 2016 – the day lion depositors have been cent in personal income tax tion of economy, more tax was to help 15-20 crony capi-
rent account deficit His comments come a day when the note ban was an- identified for this enquiry. and 17.4 per cent in corpo- collection and higher talists.
(CAD), according to an after Reserve Bank of India nounced, according to the Many of them are being fas- rate tax category; and in- growth, Congress president “It was to help the richest,
official. Rising oil pric- said that almost all the Rs 500 RBI. tened with tax and penal- come tax collection increas- Rahul Gandhi stepped up of- Rahul Gandhi most corrupt change their
es, their impact on gov- and Rs 1,000 notes made il- This means that just Rs ties. Mere deposit of cash in ing from Rs 6.38 lakh crore in fensive against the PM Modi money from black to white”.
ernment finances and legal in November 2016 have 10,720 crore of the junked a bank does not lead to a 2013-14 to Rs 10.02 lakh crore and the government, saying ny capitalist friends.” He said the PM owed the
increasing GST collec- returned to the banking sys- currency notes did not re- presumption that it is tax in 2017-18. demonetisation was not a Asked whether PM Modi people an answer on why he
tions figured in the dis- tem. turn to the banking paid money,” he said. “When the impact of de- mistake but a deliberate at- should apologise, Gandhi inflicted such a deep wound
cussions between the Reeling out data on in- system. Initial He reeled out numbers monetisation and other steps tack on citizens to help big said. “You apologise for a when pressing problems like
Finance Ministry offi- crease in taxpayer base to estimates had to support his claim - is analysed, the Income Tax businesses. mistake, but PM Modi did unemployment remained.
cials, led by Economic justify the unprecedented pegged that number of income tax returns have increased by “Notebandi is nothing this deliberately. Demoneti- “Prime Minister Modi
Affairs Secretary Sub- demonetisation which over- around Rs 3 returns filed growing 19% and 25%.” he said.—PTI less than a huge scam,” the sation was made to finish should answer why he in-
hash Chandra Garg, night sucked out 86% of the lakh crore Congress president said. you.” flicted a deep wound like de-
and representatives of currency in circulation, Jait- worth of de- Post demonetisation about 1.8 million Gandhi said the PM did an He charged that PM monetisation when issues
the global credit ratings ley wrote in a Facebook blog monetised notes “irreversible damage” to the Modi’s “friends” turned like unemployment and low
firm. We have asked that “this necessarily in- would not return depositors have been identified for economy and he is answera- black money into white after GDP rate remained,” Gandhi
S&P for a rating up- volved the formalisation of to the system as this enquiry. Many of them are being ble to the common man. the note ban. said. Taking a swipe at Modi,
grade citing macro eco- the economy and a blow to they might fastened with tax and penalties. “What Modi ji did was he “For example, a coopera- Gandhi said he rightly
nomic stability of the the black money”. have been took out money from your tive bank in Gujarat whose claims that what he achieved
country, the official He said: “Was the invalida- stashed —Arun Jaitley, Finance minister pocket and gave it to his cro- director is (BJP president) was not done in 70 years.
said.
 c mpanies
[Link] I [Link]/dna I [Link] I [Link]/dnaindia
09
Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis

Mahindra Logistics
to pump in up to
GoAir to add 13 A320neos JSW Energy bids
powered by P&W engines more than Tatas
Deal
Street `7 crore in ShipX
Mahindra Logistics (MLL), a third-party logistics
solution provider, said it will invest up to Rs 7 crore in
Transtech Logistics (TLPL), which provides transport
management solutions under the brand name ‘ShipX’. Airline in talks with Airbus, P&W over compensation for engine troubles
for Prayagraj
MLL will acquire up to 1,15,554 compulsory
convertible preference shares and 100 equity shares. It Shahkar Abidi planes are grounded due to executives said that there peak season in October. Mumbai: In a dramatic
would make an aggregate investment of up to Rs 7 a_shahakar@[Link] engine troubles. Vrieswijk are no plans as such. How- GoAir will begin its inter- turn of events, a day after
crore in TLPL through subscription to its shares. The added that there is a suffi- ever, they do have the free- national foray in October by the lenders of Prayagraj
transaction is expected to be completed by August 31, Mumbai: Wadia Group-pro- cient supply of these engines dom to accelerate or deceler- flying to Phuket in Thailand Power Generation Company
2020. “The proposed investment is expected to bring moted budget carrier GoAir and they are able to replace ate the delivery depending and Male in the Maldives. gave the letter of intent
operational efficiencies in the supply chain is in constant touch with the the affected engines quickly, on the needs and demands, The airline will operate (LoI) to Tata Power JV Re-
management,” MLL said. aircraft and the engine man- though every change affects they added. The executives three direct flights per week surgent Power Venture for
ufacturers for its A320neo the operations. hoped the situation to im- on Mumbai-Phuket-Mumbai acquiring 75.01% stake, Saj-
planes over compensation However, Vrieswijk is prove with the arrival of route and two direct services jan Jindal-led JSW Energy
Iron Pillar invests Avendus arm to issues. It may also add 10-13 concerned that there is no per week for Delhi-Phuket- has upped its offer for the
in start-up Servify launch new fund such aircraft with the latest maintenance station for the a new territory Delhi. Similarly, there will same, according to a com-
engines by the end of this engines in India and the be three direct services con- pany source.

6,200 cr
Servify has bagged close Alternate asset financial year. planes have to be flown to „„GoAir will begin its necting Mumbai with Male JSW Energy, which had
to Rs 106 crore ($15
million) in funding led by
management firm
Avendus Capital
Speaking on the sidelines
of the announcement of
either the US or Europe for
servicing. With more planes
international foray in
October
and two direct services a
week for Delhi and Male.
made an offer of around Rs
5,900 crore of upfront pay-
`- JSW Energy’s revised offer
Iron Pillar, an India- announced its plans to GoAir’s entry into interna- joining the fleet in times to by flying to Phuket in These destinations will also ment earlier, has now in-

`5,900 cr
focused venture growth launch an impact fund, tional markets, the airline’s come, the situation may Thailand and Male in the be connected with Bengalu- creased it to around Rs 6,200
investor specialising in with a focus on the chief executive Cornelis worsen. “The problem is get- Maldives; these ru soon. crore, higher than what was
mid-stage tech environment, social and Vrieswijk said that talks ting intensified due to harsh destinations will also The airline will follow the offered by Resurgent Power
companies, as per a governance. To be called - Upfront payment it had
with the manufacturer are environmental conditions in be connected with point-to-point travel busi- Venture, the source said. offered earlier
statement. Existing ESG (environment, social on for the “acceptable com- India,” he continued. Bengaluru soon ness model as it is simple Resurgent Power had of-

6,086 cr
investors Blume Ventures and governance), the pensation”. He hoped that all On whether the airline and cheaper as compared to fered an upfront payment of
„„The airline will
and Beenext also
participated in the Series
fund will be launched by
Avendus Capital Public
the issues with the engine
would end by this year.
will be cutting its fleet order
considering high
follow the point-to-
a spoke-and-hub model
which is very complex and
Rs 6,086 crore, an equity
stake of around 15 per cent,
`- Upfront
B round. For Iron Pillar, Markets Alternate point travel business payment Tata Power JV
Vrieswijk, a former fuel prices, engine requires a huge network, the and had also proposed to Resurgent has offered
this is the third Strategies, the company model as it is simple
EasyJet executive who issues and tough executives said. bear the tax liability, which
investment from its said without disclosing and cheaper as
joined GoAir in June this macroeconom- is over Rs 2,500 crore, accord-
maiden fund. Servify, run details about the corpus compared to a
year had earlier said the on- ic conditions, ing to the source. for the acquisition of 75.01%
by Mumbai-based Service and the launch date. The spoke-and-hub
going issues with Pratt & the airline JSW Energy had earlier stake in the company.
Lee Technologies Pvt Ltd, ESG fund, which the model
Whitney engines powering said that the tax liabilities “Since the matter was
offers brand-authorised company claims to the the Airbus A320neo planes should be deducted from its outside the purview of
after-sales service for first of its kind in the were affecting the airline’s cash offer, which then was NCLT, JSW had received
devices and works with a country, is a type of plans and putting them un- about Rs 5,900 crore. the LoI from the lenders a
number of top device sustainable investing, an der “a constant state of un- An email sent to JSW En- week ago. But since Tata
brands, retailers, umbrella term for certainty”. He had also said ergy remained unanswered, Power increased its offer,
distributors, insurers, investments that seek that neither the planemaker while Tata Power was una- the lenders gave them the
service providers and positive returns and nor the engine manufacturer vailable for comment. LoI. However, we have ap-
carriers such as Amazon, evaluates the long-term were “very supportive” to- On Wednesday, Tata Pow- proached the lenders and
AmTrust, Apple, Croma, impact of business wards their customers on er in a statement had said have submitted our revised
Godrej, and Huawei. practices on society. this issue. that the lenders of Praya- offer,” the company source
At present, two of GoAir’s graj Power had issued a LoI said. —PTI

In brief ‘GIC JV to drive DLF’s growth’ digital stairway

Google, IT minister
Fortis Health New Delhi: DLF would space, he said.

CFO resigns
Fortis Healthcare said
achieve faster growth in the
development of offices and
retail space on the back of its
partnership with Singa-
In addition to capturing
the growth within DCCDL,
he said DLF could continue
to develop offices or retail
discuss India plans
its chief financial pore’s sovereign wealth fund malls outside the JV. Yoshita Singh Google’s plans in India for
officer Gagandeep GIC, the company’s chair- DCCDL currently holds enabling access, Indic lan-
Singh Bedi has resigned man K P Singh said. about 27 million square feet New York: Google’s plans guage computing, artificial
citing personal reasons. However, he said the par- of rent-yielding commercial for enabling access across intelligence solutions for so-
The Board of directors ent company DLF would also assets, largely in Gurugram, India and the role of technol- cial good and capacity build-
at its meeting held on continue to build commer- with annual rental income ogy in empowering Indian ing of start-ups and small
Thursday have cial projects, separate from of about Rs 2,400 crore. This users were discussed as IT and mid-size businesses.
considered Bedi’s the joint venture with GIC. Would try to sell portfolio is expected to more minister Ravi Shankar Pras- Prasad was also given a
resignation from the Singapore’s investment than double in the next 10 ad met the internet giant’s demonstration of cutting-
services of the company, firm had bought a 33.34%
its products only years. India-born CEO Sundar Pi- edge innovations on the
and accepted the same, stake in DLF’s rental arm when the project On housing segment, Sin- chai. Google Campus, along with a
with effect from DLF Cyber City Developers has progressed to a stage gh said, as a business strat- Prasad visited Google’s glimpse into upcoming fea-
September 30, 2018, Ltd (DCCDL) for about Rs egy DLF would “try to sell its headquarters in Mountain tures in popular Google
Fortis Healthcare said 9,000 crore. DLF has the re-
where the uncertainties products only when the pro- View, California, according products.
in a filing to BSE. maining 66.66% stake in the linked to development ject has progressed to a stage to a statement from Google. “Digital payments have
PFS net profit falls JV firm DCCDL. are significantly reduced where the uncertainties During the visit to the played a pivotal role in In-
“Acknowledging the linked to development are Google Campus, Prasad met dia’s growth story and they
23% to `56 crore strength of your company, K P Singh significantly reduced”. senior members of the lead- are driving the digital revo-
GIC Real Estate has entered He expressed confi- ership team at Google to dis- lution in India,” Prasad said,
PTC INDIA FIN SERVICES
Share price on BSE in `
into one of the largest trans- holders in the annual report dence that DLF was well cuss the role technology can adding that companies like
39
actions by becoming a share- for the 2017-18 fiscal year. equipped not only to tide play in empowering Indian Google are an integral part
37.85 34 holder in DLF Cyber City DLF’s partnership with over the travails of transi- users and addressing chal- of the Indian government’s
29 Developers Ltd (DCCDL), GIC has positioned your tion but also to remain at IT minister Ravi Shankar Prasad, who met Google CEO Sundar Pichai lenges unique to India. efforts to digitally empower
which has a huge annuity company for faster growth the forefront of real estate in California, invites global investors for deeper partnership with India Prasad was briefed about India’s citizens. —PTI
24
19.00 portfolio,” Singh told share- in the office and retail development. —PTI
19

Cognizant sets up MFIs post over 50% loan growth in Q1

14
Jan 1, 18 Aug 30
Oyo launches
PTC India Financial
Palette Resorts
new centre in US
Services (PFS) has

for leisure
reported a decline of New Delhi: Non-banking fi- for 87% of the total disburse-
23% in its net profit at
Rs 55.93 crore in first
quarter ended June of
76 lakh nancial company-microfi-
nance institutions (NBFC-
MFIs) posted over 50% growth – Loans NBFC-MFIs disbursed
ments. In the quarter Rs
11,404 crore was disbursed in
cash-less mode leading to segment foray
this fiscal. Total New Delhi: IT firm Cogni- American workers. in the gross loan portfolio at during Q1, up 36% cash-less disbursements in
revenues stood at Rs zant said it has set up a new The US-based firm has Rs 51,878 crore in April-June over 42 lakh loan accounts.
325.19 crore, up from Rs
300.13 crore during the
first quarter of the
regional technology and ser-
vice delivery centre in Texas,
US, that will facilitate crea-
over 2.61 lakh employees,
with a large number of them
based in India. It had hired
compared to the same period
of last year, industry body Mi-
crofinance Institutions Net-
17,836
`– Amount cr
of loans disbursed,
In terms of regional dis-
tribution of portfolio (GLP),
MFIN said east and north-
Mumbai: Hotels chain Oyo
on Thursday said it has for-
ayed into the leisure catego-
previous fiscal. Total tion of 1,100 new jobs by 2023. 4,000 US citizens and resi- work (MFIN) said. up 52% east parts of the country ac- ry with its new brand Palette
outstanding loan assets The opening follows a No- dents in 2016. Cognizant em- The gross loan portfolio counted for 35% of the total Resorts.
grew 22% to Rs 13,361 vember 2017 announcement ploys about 4,100 people in (GLP) of NBFC-MFIs, exclud- NBFC-MFI portfolio. The hotels’ chain is cur-
crore. The stock of PFS by Texas governor Greg Ab- Texas, which is the US head- ing business correspondent of loans disbursed and 52% promising growth in the past The South accounted for rently partnering with se-
closed 6.15% up at Rs 19 bott on the company’s plan to quarters of the company. portfolio stood at Rs 47,650 in loan amount disbursed. quarters. As we see more 26%, North 15%, West 14% lect resorts that offer amen-
on BSE. invest more than $8 million “The new positions are crore, the MFIN, which is the The overall microfinance new players entering the and central India contribut- ities including rooms, pri-
to expand in Irving, Texas. full-time jobs for high-skilled self-regulatory organisation industry has grown by 39% space and the current ones ed 10%. vate villas and beaches,
RoC gets plaint The company has been technology and business pro- (SRO) for the microfinance year-on-year in April-June growing larger realising Karnataka, Odisha, Bihar, gourmet dining, spa and
against Jet Air significantly ramping up fessionals. Staff in the new industry, said in a release. quarter of the fiscal and to- their IPO plans, the coming Uttar Pradesh and Tamil other recreational provi-
headcount in the US in a bid 50,000 sq ft Irving facility will During the first quarter of tal size of the microfinance period will mark a new chap- Nadu are the top five states sions, a release said.
Jet Airways, which is
to woo the Trump adminis- provide a variety of services the fiscal, NBFC-MFIs dis- industry stands at Rs 1,48,097 ter for the sector,” said CEO in terms of loan amount out- “With Palette by Oyo, we
grappling with financial
tration that has been critical for Cognizant’s Dallas-area bursed 76 lakh loans worth crore, the MFIN said. of MFIN Harsh Shrivastava. standing, accounting for 53% are expanding our playfield
woes, said it has
of outsourcing firms for un- clients in various industries,” Rs 17,836 crore witnessing a “Microfinance industry Cashless disbursements of total GLP of NBFC-MFI to upscale resorts, while re-
received a
fairly taking jobs away from the company said. —PTI growth of 36% in the number has gained pace, showcasing by NBFC-MFIs now account segment. —PTI maining committed to our
communication from
core value proposition - loca-
the Registrar of
tion, quality, and price.
Companies (RoC)
following receipt of a jewel thief Round-tripping of diamonds, totalling $213.8 million, generated shipping invoices for using LoUs These are hand-picked, pre-
mium accommodations,” its
complaint. Without
chief of strategy, Maninder

How FedEx’d diamonds fuelled $2 billion PNB fraud

providing specific
Gulati said.
details about the
The Gurugram-based
communication or the
company is starting with a
complaint, the airline
property in Pondicherry
said it was taking
Josh Saul which Modi and associates totalled $213.8 million be- named Palette Resorts - Le
necessary steps to
“fraudulently borrowed ap- Affluence on stealth tween 2011 and 2017, the al- Pondy.
provide the responses to
New York: The price of the proximately $4 billion over a leged duration of the fraud, Gulati said Oyo will look
the RoC, which comes „„The proceeds were used
large yellow diamond alter- period of years by manufac- generated shipping invoices to expand the footprints of
under the corporate to fund Modi’s lifestyle and
nately shrank and spiked by turing sham transactions that were given to Punjab Na- Palette Resorts to other
affairs ministry. business entities as well as
about a million dollars as it purportedly to ‘import’ dia- tional Bank to obtain short- tourist destinations in In-
using the funds from new loans
Maruti Suzuki moved across the globe. monds and other gems into
to repay the old ones as they
term loans using letters of dia and other international
starts new service The three-carat gem was India using a web of more undertaking. Some of the markets based on the learn-
came due
shipped at least four times than 20 secretly controlled shipments were so large and ings on ground and feed-
Maruti Suzuki has between shadowy companies shell entities,” wrote John J „„Some of the shipments were high-priced “that the packing back from asset owners and
launched an initiative to allegedly controlled by Nirav Carney, the examiner in the so large and high-priced that the slips alone should have raised guests.
provide quick road-side Modi over about five weeks bankruptcy case of three US packing slips alone should have suspicion,” wrote Carney. India currently has over
assistance to its in 2011, according to a report jewellery companies indi- raised suspicion In a break with industry 4,000 unbranded independ-
customers, with a fleet by a US bankruptcy exam- rectly owned by Modi. practices, the Modi-owned ent resorts and branded as-
of 350 bikes. The new iner. The practice of round- The “fancy vivid yellow US companies exported dia- sets across heritage, beach
initiative, Quick tripping -- trading a good re- orange cushion cut” diamond 2011, the report says. The what it was really worth: And two weeks after that, monds via FedEx instead of properties, and inland.
Response Team (QRT) peatedly to give the appear- was first sold by Firestar, a price was almost $1.1 million. $183,000. Less than a week A Jaffe, a diamond company with a bonded courier -- in- Palette Resorts by Oyo
on Bikes, would offer ance of distinct transactions US company indirectly The stone was then shipped later, Firestar, which has of- owned by Modi, sold the dia- cluding a 17-carat stone sold will be operated under mod-
roadside assistance to -- was central to the bank owned by Modi, and shipped out two weeks later by Solar fices on Fifth Avenue in New mond to World Diamond Dis- for $1.7 million and sent from els of manchise (contract
customer cars in 251 fraud, according to the re- to Fancy Creations Company, Export, a partnership formed York City, shipped the dia- tribution, this time for more New York City to Hong Kong management and franchise)
cities in the first phase. port filed August 25. a foreign shell company in by the Nirav Modi family mond back to Fancy Crea- than $1.2 million. -- even though FedEx insures and lease with full inventory
This would be expanded The rapid-fire sales were Hong Kong also allegedly trust, back to Firestar Dia- tions in Hong Kong, this time The practice of round- packages only up to $150,000, control like the economy and
to 500 cities by 2020-end. described as part of a plan in controlled by Modi, in August mond in the US, for closer to for $1.16 million. tripping, which ultimately the report states. —Bloomberg mid-market segments. —PTI
 Katsuki bags 50km walk gold
Japan’s Hayato Katsuki seals the gold medal in the men’s 50 kilometre walk,
recording a 4 hours, 3 minutes and 30 seconds after he overhauls team-mate
Satoshi Maruo, who lead for a majority of the race but faded to fourth

Asian Ascent Asian Games

2018 Jakarta
Palembang

soft tennis Taiwanese duo Yu Kai-wen and Cheng Chu-ling soar to a surprise 5-3 win over favourites South Korea in the mixed doubles final 10
Ahmedabad I FRIDAY, AUGUST 31, 2018

Women’s quartet, Johnson win gold on last day of athletics as India finish with 19 medals, their best since 1951

DOUBLE DELIGHT
Medals Tally
Rank Nation G S B T
Jakarta: The Indian 4x400m
women’s relay team clinched Seema to
donate for
their fifth consecutive Asian
1. China 112 76 53 241 Games gold medal to maintain a
2. Japan 59 49 66 174 remarkable domination in this
3. South Korea
4. Indonesia
39 46
30 23
56
37
141
90
event while Jinson Johnson won
the men’s 1500m final race as the
country produced its best ever
Kerala flood
victims
5. Iran 19 19 20 58 show in athletics since the inau-
6. Uzbekistan 15 19 19 53 gural 1951 edition.
7. Chinese Taipei 14 17 24 55 After six days of competition,
8. India 13 21 25 59 India grabbed 7 gold, 10 silver and Jakarta: Asian Games
two bronze. The gold count was bronze medal winner discus
9. DPR Korea 12 09 12 33 same as in 1978 and 2002 Asian thrower Seema Punia will do-
10. Bahrain 12 06 07 25 Games but India had won a total nate her entire pocket money
of 17 medals in these two earlier of $700 and an additional Rs 1
India Results editions as against 19 this time. lakh to help the flood affected
In the inaugural edition in people of Kerala.
MEDALS: ATHLETICS: Jinson 1951 held in New Delhi, India had The 35-year-old Seema
Johnson won gold in men’s 1500m fi- won a total of 31 medals from ath- could not defend the gold she
nal; Hima Das, Poovama Raju, Saritaben letics, including 10 gold. In 1982, had won in the 2014 Asian
Gayakwad, Vismaya Koroth won gold India had won 20 medals in ath- Games and had to be settled
in women’s 4x400m relay; Muhammed letics but there were only four with a bronze with a best
Puthanpurakkal, Dharun Ayyasamy, Mu-
gold, the rest being eight silver throw of 62.26m.
hammed Anas, Aarokiarajiv won silver in
men’s 4x400m relay finals; Seema Punia and eight bronze. Seema also urged other
won bronze in women’s discuss throw India finished third in athlet- athletes to make donations to
finals; PU Chitra won bronze in women’s ics behind China (12, 12, 9) and help the people of Kerala af-
1500m finals Bahrain (12, 6, 7). fected by the devastating
India won five medals on the flood.
lATHLETICS: MEN: Manjit Singh finished final day with Jinson winning “I have de-
5th in 1500m finals, Lakshmanan Govindan the gold in the men’s 1500m to Seema’s bronze cided to do-
finished 6th in 5000m finals, Sandeep Kumar make amends for the silver in the Try Distance (m) nate my pock-
was disqualified from 50km walk Finals; 800m before the women’s team et money and
WOMEN: Kumari Sandeep finished 5th in 1 58.51
narrowly missed the Games re- also one lakh
Discuss Throw Finals, Monika Chaudhary 2 X
cord in their comfortable victory more to Kera-
DNS in 1500m finals 3 62.26
in 4x400m relay. la flood vic-
lBRIDGE: MEN: Sumit Mukherjee/Debrata Jinson was pipped for gold by 4 61.28 tims. They
Majumder finished 2nd , Subhash Gupta/ compatriot Manjit Singh in the 5 X have gone
Sapan Desai finished 7th , Pranabh Bardhan/ 800m race but on Thursday, he through a lot.
Shibhnath Sarkar finished 14th in Semifinal 1,
6 61.18
did not give any chance to his ri- (Note: The gold I will go and
Pranabh Bardhan/Shibhnath Sarkar finished
13th, Subhash Gupta/Sapan Desai finished
vals to win the race in 3 minute and silver medal- try to serve
14th, Sumit Mukherjee/Debrata Majumder 44.72 seconds. He crossed the fin- lists gave their those people,”
finished 15th in Semifinal 2; WOMEN: ishing line after creating a huge best throws in Seema told
Heema Deora/Marianna Karmakar finished opening in the last 80m stretch, reporters af-
2nd , Aparna Sen/Firoza Chothia finished leaving behind Amir Moradi 1 their 6th and final
attempts) ter her event.
16th in Semifinal 1, Heema Deora/Mari- (3:45.62) and Mohammed Tiouali “I also urge
anna Karmakar finished 6th , Aparna Sen/ (3:45.88). 1. The Indian athletes celebrate their 4x400m relay triumph in front of the camera; all Indian ath-
Firoza Chothia finished 16th in Semifinal 2; Manjit Singh, who emerged a 2. Vismaya is jubilant after anchoring the 4x400m relay women’s team to gold; letes to donate at
MIXED: Bachiraju Satyanarayana/Kiran Nadar surprise winner in the 800m run, least half of their allowance
3. Seema Punia in action during her bronze-medal effort in women’s discus; 4. Jinson
finished 1st , Rajeev Khandelwal/Himani finished fourth with a timing of to help the victims.”
Khandelwal finished 5th in Semifinal 1, Rajeev Johnson acknowledges the crowd after winning men’s 1,500m; 5. Johnson says a silent
3:46.57. prayer to thank the Almighty on winning his second medal of the Games —Reuters/AP/PTI The Harayana athlete said
Khandelwal/Himani Khandelwal finished 2nd ,
Bachiraju Satyanarayana/Kiran Nadar finished Bahadur Prasad she was suffering with a bone
3rd in Semifinal 2 was the last Indian to spur in her left foot and will
win a medal in men’s undergo surgery after com-
lCANOE/KAYAK SPRINT: MEN: Albret Raj 1500m at the 1998 ing back from Kerala.
Selvaraj/Arambam Ching Ching Singh/Naocha
Games, a bronze. “This problem had sur-
Singh Laitonjam/Prohit Baroi finishe 9th in
Kayak Four (K4) 500m, Arambam Ching Young sprinter Hima faced at CWG but it was not
Ching Singh/Naocha Singh Laitonjam finished Das won her second Asian Games bad. But now it will need a
9th in Kayak Double (K2) 1000m, Gaurav medal, and this time a gold, as surgery. Today also I was in
Tomar/ Sunil Singh Salam finished 6th in the Indian women’s quartet of pain but it was not reason for
Canoe Double (C2) 1000m; WOMEN: Inaocha Hima, MR Poovamma, Sarita my performance.”
Devi Mayanglambam/Anjali Bashishth fin- Gayakwad and VK Vismaya Seema’s best throw came
ished 7th in Canoe Double (C2) 500m, Soniya faced no competition as they eas- in her third attempt which
Devi Phairembam finished 8th in Kayak Single ily took the gold. was better than her gold- win-
(K1) 500m It was the fifth gold medal on ning effort at the 2014 Incheon
lCYCLING: MEN: Manjit Singh in Men’s the trot for India in 4x400m wom- Asian Games, where she had
Omnium; WOMEN: Aleena Reji finished en’s relay, continuing with their managed 61.03m. It was also
2nd in Heat 1, Deborah finished 2nd in Heat domination since the 2002 Asiad. 2 her season-best throw. —PTI
5 in Sprint 1/8th elimination, Chaoba Devi The individual 400m silver
Elangbam finished 10th in 3000m Individual winner Hima, who began first,
Pursuit Qualification
provided a handsome lead to Poo-
lDIVING: MEN: Kongbrailatpam vamma, who maintained it and 4
Ramananda Sharma finished 6th in 1m passed on the baton to Sarita.
Springboard Final The Gujarati girl too remained The Indian women’s 4x400m relay squad missed the Asian
lEQUESRIAN: MEN: Zahan Setalvad strong in her lap and Vismaya
comfortably finished the race.
Narrow Games record by 0.04s. Their timing of 3:28.72 was just
shy of the GR of 3:28.68s set by India’s Priyanka Pawar,
miss
finished 24th , Kaevaan Setalvad finished 36th
in Jumping Individual Final Round-2, Chetan However, the Indian team Tintu Luka, Mandeep Kaur and Poovamma in Incheon, 2014
Reddy was eliminated in Jumping Individual missed out on the Games record
Final Round-1 of 3:28.68 as they clocked 3:28.72.
lHOCKEY: MEN: India vs Malaysia in Meanwhile, discus thrower did you know?
n zone

2
Seminfinal Seema Punia and middle-distance n India have now won the women’s By adding 1,500m gold to his
runner PU Chitra had to be con- 4x400m relay at each of the last five Asian 800m silver, Jinson Johnson
lJUDO: MEN: Harshdeep Singh Brar lost to
tent with bronze medals. Seema Games. is the second Indian male to
Lee Seungsu 0s3-10s1 in 81kg elimination
Round of 16; WOMEN: Garima Choudhary could not defend the gold she won n India won their first medal in a men’s win a medal in 800m and 1500m at
lost to Gulnoza Matniyazova 0-10 in 70 kg in 2014 as China’s Asian champi- relay since 2006 Doha Asiad when it won a single Asiad after Amrit Pal won
elimination Round of 16 on Chen Yang hurled the disc to silver in 4x400m relay. India also claimed silver (1,500m) and bronze (800m)
gold winning distance of 65.12 in their 10th medal in this event, second most in 1962
lKURASH: MEN: Danish Sharma lost to

4
her last attempt. Chitra, who won of all nations
Husein Misri 0-10 in 90kg Quarterfinals; No. of women to have won multi-
WOMEN: Jyoti Tokas lost to Lohova Mariya gold in the Asian Championship n PU Chitra’s bronze is India’s fifth medal in
last year in Bhubaneswar, clocked ple medals in discuss after Seema
0-10 in Round of 16
4:12.56 to win a bronze, her first 5
women’s 1500m and first since Sunita Rani
won gold in 2002
Punia won bronze on Thursday to 3
lSEPAKTAKRAW: WOMEN: India lost to Asiad medal. —PTI add to her 2014 gold
Thailand 0-2 in Group B
lSQUASH: WOMEN: India lost to Hong
Kong 1-2 in in Pool B of Team Pool Round
lTABLE TENNIS: MEN: Achanta Sharath
Kamal bt Muhammad Asim 11-4, 11-8,, 11-7,
Road to Olympics is lot Sunil cracks under pressure, Pallikal’s cousin
wins but team
tougher now: Harendra India lose to Malaysia in semis
11-5, Sathiyan Gnanasekaran vs Santoso

disappoints
11-3, 9-11, 14-12, 11-1, 9-11, 11-7 in Round
of 32 singles; WOMEN: Manika Batra bt
Komwong Nanthana 11-3, 11-7, 11-3, 11-6,
AFP

Mouma Das lost to Chen Szuyu 6-11, 5-11, Jakarta: Chief coach Harendra
6-11, 5-11 in Round of 32 singles Singh slammed the Indian hock- Jakarta: Defending champions
lVOLLEYBALL: MEN: India lost to Myan- ey team for making silly mis- India were knocked out of the
mar 21-25, 25-18, 27-25, 25-15, 13-15 in takes in the Asian Games semifi- Asian Games gold medal conten-
11-12 place match nal against Malaysia and said the tion and denied a direct entry
6-7 loss has made Olympic quali- into the 2020 Olympics, with Ma-
Indians in action today fication a lot tougher.
Holders India were beaten in
laysia again proving to be their
Achilles Heel in the men’s hockey
BOXING: 4:45pm onwards IST sudden death after both teams semifinals.
were locked 2-2 in regulation Coach Harendra Singh (L) and team are The Malaysians handed India India’s Sunayna Kuruvilla (R) in action
Men’s light fly (49kg semifinal) Amit time. A gold medal would have a disappointed lot after Thursday’s loss a heartbreaking 6-7 loss in sud- against Hong Kong’s Ho Tze-lok —AFP
Panghal vs Paalam Carlo Paalam secured India’s qualification for den death after an exhausting
the Tokyo Olympics. we tried to hold the ball and made shoot-off. Jakarta: The Indian women’s
Men’s middle (75kg semifinals
“Malaysia are the deserving parallel passes. That cost us the Malaysia, who had beaten In- squash team lost the
6:00pm) Vikas Krishan vs Amankul
winners. We committed too many game. Also, we committed too dia in the last-four stage eight all-important match
Abilkhan
unforced errors and paid the many unforced errors. It is un- years ago at Guangzhou, made against Hong Kong
BRIDGE: 8:00am onwards price. We did not keep things sim- pardonable.” their wasteful opponents pay for India’s SV Sunil (foreground) is dejected after missing in Sudden Death as Malaysian 1-2 to finish second
ple. We tried to show our Indian Harendra, however, said India their mistakes, both in regula- players rejoice their win in the semifinals in Jakarta on Thursday —AP in Group B, resulting
CANOE/KAYAK SPRINT: 7:30am onwards skills and by doing that we lost were not at all fault in the tion time and shoot-off. in a tougher semifinal
the momentum. It is a big setback shoot out. “Shoot out is any- Both teams were tied at opponent in defending champi-
CYCLING: 7:42am onwards
for Indian hockey. The road to body’s game. If we would 2-2 after 60 minutes. To meet Pak for bronze play-off: The Indian men ons Malaysia here on Thursday.
HOCKEY: Women’s gold medal match: Olympics is a lot bumpier now. have won, we should not India conceded a late goal will play 8-time champions Pakistan in the bronze medal play-off on Satur- Senior players Dipika Pallikal
India vs Japan (6:30pm onwards) We missed the easiest chance to have celebrated. In shoot to push the match into shoot- day after the latter lost 0-1 to Japan in the other semifinal. and Joshna Chinappa lost their
qualify,” said Harendra. out, turning around is a prob- off after Harmanpreet Singh and matches against Joey Chan and
JUDO: 7:42m onwards It was Malaysia who had lem. If your centre of gravity is Varun Kumar had scored from Penalty shootout Sudden death Annie Au, 1-3 and 0-3, respective-
SAILING: 10:30am onwards stunned India in the semifinals
of the 2010 Asiad.
low then it is easier (to turn
around), if it is high then it be-
penalty corners in the 33rd and
40th minutes. Malaysia struck
India Malaysia Malaysia India ly. Sunayna Kuruvilla, who is
Pallikal’s cousin, kept India in
TABLE TENNIS: (9:30am) Men’s
Singles Round of 16:
Asked why Malaysia
continue to trouble In-
comes a problem,” he said.
India had pumped in a record
through Faizal Saari (39th min)
and Muhammad Razie, who found
Manpreet 0 1 Ashari Ashari 3 3 Harmanpreet the hunt with a fighting win over
Tze Lok Ho in the second singles.
Sharat Kamal vs Chuang dia, the coach said: 76 goals in the group stage. Did it the all-important equaliser less Akashdeep 1 1 Tajuddin MF Saari 4 4 Akashdeep Kuruvilla, making her Games
Chihyuan “They were only looking make them complacent? “I don’t than two minutes before the end of debut, was trailing 7-10 in the
to score on the counter think so, we took them as serious regulation time. In the shoot-off, it
Dilpreet 1 1 F Saari Hasan 5 5 Manpreet
fifth and deciding game but she
VOLLEYBALL: (7:30am
onwards)Women’s Classification
and both their goals came practice matches. We never take was anyone’s game and Malaysia SV Sunil 1 1 Hasan F Saari 6 6 Dilpreet never gave up despite some de-
from the counter. We had any team lightly. But this loss is a handled the nerves better to make batable calls by the referee to win
9-10: India vs Chinese Taipei.
a plan to shift and pass but setback for Indian hockey.” —PTI their second Asiad final. —PTI Harmanpreet 2 2 MF Saari Tajuddin 7 6 SV Sunil 5-11 13-15 11-6 11-9 14-12. —PTI
 sP rt
[Link] I [Link]/dna I [Link] I [Link]/dnaindia Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis
11

Curran steals Bumrah’s show

hot on heels SCOREBOARD all in a day’s play
England vs India, 4th Test, Rose Bowl, Southampton
Kirsten replaces Toss: England, bat first
Session 1
England (1st innings) R B 4/6 SR England err by opting
Vettori at RCB A Cook c Kohli b Pandya 17 5 3/0 30.90 to bat as india scalp 4
K Jennings lbw b Bumrah 0 4 0/0 0.00
Former India coach Gary
Kirsten replaced Daniel After reducing England to 86/6, India fail to clean up the tail thanks to all-rounder’s 78-run knock J Root lbw b Sharma 4 14 0/0 28.57
J Bairstow c Pant b Bumrah 6 16 0/0 37.50
England elect to bat first, but
India have the hosts on the
Vettori as the coach of B Stokes lbw b Shami 23 79 3/0 29.11 mat. Jasprit Bumrah strikes
IPL team Royal Challeng- India in Curran (27) provided some J Buttler c Kohli b Shami 21 24 3/0 87.50
England early, dismissing Keaton
ers Bangalore (RCB) much needed stability after M Ali c Bumrah b Ashwin 40 85 2/2 47.05
which failed to make it fOURTH Test England had slumped to 86 S Curran b Ashwin 78 136 8/1 57.35
Jennings. Indian bowlers
to the playoffs for the for six but they will need to A Rashid lbw b Sharma 6 14 0/0 42.85 keep pressure and finish the
last two years. Kirsten, Southampton: All-rounder bat deep into the evening ses- S Broad lbw b Bumrah 17 31 1/0 54.83 session with 4 wickets.
who had led India to Sam Curran rescued Eng- sion if the tourists are to be J Anderson not out 0 4 0/0 0.00 At Lunch: England 57/4
World Cup win in 2011, land after its latest top-order made to work for a first in- Extras (B23, LB9, NB2) 34 in 24 overs (Stokes 12*,
was roped in as mentor collapse by scoring a career- nings lead. Total (all out in 76.4 Overs) 246 (3.2 runs per over) Butler 13*; Bumrah 2/21)
and batting coach of high 78 to push the team to a England captain Joe Root Fall of wickets: 1-1 (KK Jennings, 2.1 ov), 2-15 (JE
RCB for the 11th edition potentially competitive 246 won the toss and elected to Root, 7.1 ov), 3-28 (JM Bairstow, 12.6 ov), 4-36 (AN Cook,
of IPL this year. all out on day one of the bat in glorious sunshine and 17.1 ov), 5-69 (JC Buttler, 26.3 ov), 6-86 (BA Stokes, 34.4 Session 2
fourth test against India on with a track that looked nice- ov), 7-167 (MM Ali, 59.3 ov), 8-177 (AU Rashid, 64.3 ov),
moeen-curran do a
Shorey, Vignesh Thursday. ly prepared for batting. 9-240 (SCJ Broad, 73.6 ov), 10-246 (SM Curran, 76.4 ov)
rescue act
steal spotlight The visitors reached England lead the five-test Bowling: J Bumrah 20-5-46-3, I Sharma 16-6-26-2,
India Blue (340) held an stumps on 19-0 after getting series 2-1 but were outplayed H Pandya 8-0-51-1, M Shami 18-2-51-2, R Ashwin England attempt to steady
14.4-3-40-2 their innings. Moham-
advantage over India through the final four overs in the third test at Trent
Green (151/4) at the end of the day unscathed, but Bridge and once again on India (1st Innings) R B 4/6 SR med Shami dismisses
S Dhawan batting 3 8 0/0 37.50
of day two in the final will rue not taking fuller con- Thursday the tourists’ bowl-
KL Rahul batting 11 16 1/0 68.75
Ben Stokes for 23 and Jos
league match of the Du- trol of a match they need to ing attack combined aggres- Butler for 21. Sam Curran
leep Trophy at the NPR win to level the five-match Extras (B4, W1) 5
sion, movement and consist- and Moeen Ali put on a n
College ground in Din- series at 2-2. Total (for no loss in 4 Overs) 19 (4.75 runs per over)
ency as they removed the top
Bowling: J Anderson 2-1-3-0, S Broad 2-0-12-0 unbeaten 53 run partner-
digul (TN) on Thursday. England was 86-6 at one order cheaply.
Talented Delhi batsman stage at Southampton, but Jasprit Bumrah contin-
ship to frustrate India
At Tea: England 139/6 in 51
Dhruv Shorey missed out Curran and Moeen Ali (40) ued where n zone overs (Ali 27*, Curran 30*)
on a ton yet again as he put on 81 for the seventh

250
he left off
fell to Atith Sheth on 93. wicket to lead a recovery. at Trent With Joe Root’s
However, his knock Curran, a 20-year-old rising Bridge, get- wicket, Ishant Session 1
helped India Blue reach star of the English game, ting the early Sharma became
340 in the first innings. swept a six to bring up the breakthrough the 3rd Indian fast bowler to pick india bowls out
Brief scores: India Blue 340 all out second half-century in his in the third up 250 Test wickets after Kapil Dev england for 246
(F Fazal 76, D Shorey 93, R Bhui three-test career and was the over with an un- (434) and Zaheer Khan (311)
Curran shows England the
56; K Vignesh 5/50, V Mishra last man out. expected deliv- way with the bat as India
3/93) vs India Green 151/4 in 60 Paceman Jasprit Bumrah ery bamboozling Kea- from Bumrah to keeper
seamers’ struggle to dismiss
overs (P Chopra 80) was the best of India’s bowl- ton Jennings. Rishabh Pant as England
ers, finishing with figures of Bumrah produced England’s Sam Curran celebrates his 50 as India’s wk Rishabh Pant looks on on Day 1 of the fourth Test in floundered on 28 for three. the tail continues. Curran
Ire beat Afg to 3-46 off 20 overs. rare inswing to the Southampton on Thursday; (Left) India’s Jasprit Bumrah celebrates Keaton Jennings’s wicket —AFP/Reuters Alastair Cook made 17 be- scores a beautiful 78 before
level ODI series Earlier, England had left-hander which fore an attempted late cut off Ashwin dismisses him.
Ireland levelled a three- struggled to 139 for six at tea struck Jennings, was removed without which moved in late. keeper is nursing a fractured Hardik Pandya flew to skip- England are bowled out for
match ODI series with after India’s pace attack who had opted to scoring. England’s gamble to in- finger on his left hand also per Virat Kohli who pocketed 246.
Afghanistan at 1-1 with proved too good for their top leave the ball, on Root was also trapped clude Jonny Bairstow as a backfired. the chance at third slip. His At Stumps: India 19/0 in 4
victory by three wickets order at the Ageas Bowl. the pads and the lbw by Ishant Sharma specialist batsman even Batting on six, Bairstow 55-ball knock included three ovs (Dhawan 3*, Rahul 11*)
in Belfast last night. The Moeen Ali (30) and Sam England opener with a full length ball though the regular wicket- edged another fine delivery boundaries. —Agencies
visitors chose to bat first

Wawrinka survives scare, heat

but posted a modest total
of 182 for nine. Propelled
by a half century from
Andrew Balbirnie, Ire-
Indian archery faces uncertain
land then reached their
target of 183 with six
overs to spare.
future despite good show at Asiad New York: Stan Wawrinka
survived searing heat and a seedwatch
Brief scores: Afghanistan 182/9 in Chander Shekhar Luthra ing India from all the interna- Moreover, Delhi event was spirited Ugo Humbert to
50 overs (N Zadran 42; T Murtagh [Link]@[Link] tional competitions as the to be held soon after the reach the third round of the
4/30) lost to Ireland 183/7 in 43.5 parent body has failed to con- World Archery Champion- US Open as fellow former Men’s Rd 2: 1-R Nadal (ESP)
overs (A Balbirnie 60; R Khan 3/37) New Delhi: On Wednesday duct elections as per pre- ships in Holland, which obvi- champion Andy Murray’s bt V Pospisil (CAN) 6-3 6-4 6-2;
when Indian archers won two scribed norms for many ously meant back-to-back op- return ended in the second 28-D Shapovalov (CAN) bt A
Jayaram enters silver medals in the ongoing years now. portunity to book berths for round. Seppi (ITA) 6-4 4-6 5-7 7-6
quarterfinals Asian Games in Jakarta, they It must be mentioned here Tokyo Games. Wawrinka, unable to de- (7/2) 6-4; 5-K Anderson (RSA)
Indian shuttler Ajay were caught in a Catch 22 that WA had sent a letter to Case in HC fend his 2016 Flushing Mead- bt J Chardy (FRA) 6-2 6-4 6-4;
Jayaram progressed to situation. Indian body on July 26, but AAI’s problems started in ows title after undergoing 3-JM Del Potro (ARG) bt D
the men’s singles quarter- On one hand, they wanted because it was felt that sus- 2012 when Vijay Kumar Mal- two knee surgeries last year, Kudla (USA) 6-3 6-1 7-6 (7/4);
finals with a straight- to celebrate their hard-fought pension could well affect the hotra was re-elected its presi- said on Wednesday that he 31-F Verdasco (ESP) bt A
game win over Russia’s medals amidst a tough Asian performance of Indian arch- dent despite ministry’s guide- wasn’t surprised at the chal- Murray (GBR) 7-5 2-6 6-4 6-4;;
Vladimir Malkov at the field but then they were also ers it was decided to dispatch lines to abide by sports code. lenge produced by 139th-
11-J Isner (USA) bt N Jarry
USD 150,000 Barcelona heartbroken after hearing the final letter only after the And when Malhotra final- ranked Humbert, a left-hand-
(CHI) 6-7 (7/9) 6-4 3-6 7-6 (7/2)
Spain Masters World Tour the news that World Archery closing ceremony of the ly decided to handover baton er who is playing his first
Super 300 tournament in Asia (WAA), after its meeting Games. in 2015 following pressure tour-level event this week
6-4; S Wawrinka (SUI) bt U
Barcelona on Thursday. A on August 27, decided to Indian archers were obvi- from the Delhi High Court after a dominant summer on Humbert (FRA) 7-6 (7/5) 4-6
former world no 13, Jayar- snatch the rights away from ously elated about having also, court-appointed former the developmental Challeng- Stan Wawrinka, of Switzerland, celebrates after defeating Ugo Humbert, of 6-3 7-5
am hardly broke any India for hosting 2019 Asian Asian Archery Champion- chief election commissioner er circuit. France, during the Round 2 tie of US Open on Wednesday —AP Women’s Rd 2: K Kanepi (EST)
sweat as he downed Malk- Archery Championship and ship at home (Delhi) in No- S.Y. Qureshi drafted the new “I knew it would bt J Teichmann (SUI) 6-4 6-3;
ov 21-11 21-10 in a lop-sided instead award it to Thailand’s vember as it was also to have constitution and held new be a difficult “I’m 33 years old, ed Wawrinka who faces Ca- 17-S Williams (USA) bt C
contest here. capital city — Bangkok. doubled up as an Olympic elections where Tarlochan match,” said Waw- first time after big nadian Milos Raonic for a Witthoeft (GER) 6-2 6-2; 16-V
China and Bangladesh qualifier for the Tokyo’s 2020 Singh was elected president rinka, who was surgery that I’m place in the last 16. Williams (USA) bt Camila G
were also in line to host the Olympic Games. But AAI’s while Anil Kamineni got to pleased to find himself pushing myself that Meanwhile Murray, the
(ITA) 6-4 7-5; K Muchova (CZE)
tournament. continued defiance of Na- the secretary’s post. feeling fit after prevailing 7-6 much, but I think I did 2012 US Open winner, who
on the tube This blow came days after tional Sports Code, resulting AAI was hopeful after elec- (7/5) 4-6 6-3 7-5 in three hours enough hard work to know was playing his first Grand
bt 12-G Muguruza (ESP) 3-6 6-4
(All Live) Archery Association of India of their suspension by sports tions that govt would lift the and 21 minutes. and have confidence in my Slam since Wimbledon of
6-4; 3-S Stephens (USA) bt A
(AAI) received a letter from ministry since 2012, have suspension but there has not “My level is there. I’m fitness. “I think there is a last year, lost 7-5 2-6 6-4 6-4 to Kalinina (UKR) 4-6 7-5 6-2; V
ASIAN GAMES the World Archery (WA) that robbed Indian archers of that been any progress in this re- playing really good tennis,” good chance that I’m playing Spain’s Fernando Verdasco. Azarenka (BLR) bt 25-D
Sony Ten 2, Sony ESPN “it is in process of suspend- home advantage. gard till date. he said. better the next round,” add- —AFP Gavrilova (AUS) 6-1 6-2
07:00 Asian Games
Sony Ten 3

lights, camera, action

08:00 Asian Games
Sony Ten 1
13:30 Asian Games
CRICKET
Sony Six, Sony Ten 3
15:30 England vs India,
4th Test, Day 2
Star Sports 2
14:00 & 18:30 KPL
05:25 (Sat) CPL
TENNIS
Star Sports Select 1,
Star Sports Select 2 2
20:30 US Open
FOOTBALL 1. Athletes compete in the final of men’s 5000m, 2. Judokas Nami
Star Sports 2 Nabekura of Japan and Kiyomi Watanabe of Philippines in action, 3.
00:00 (Sat) Bundes- Athletes receive medical attention after 5000m final, 4. Lee Ju-mi of
liga- Hannover 96 vs South Korea reacts after the women’s 3000m Individual Pursuit - Finals, 5.
Borussia Dortmund Indonesian athletes celebrate their silver medal in mens 4x100m relay, 6.
Bahrain players celebrate after winning women’s 4x100m relay, 7. South
FORMULA 1 Korea’s Kim Seok competes during an equestrian competition, 8. Chinas
Star Sports Select 2 Chen Yang competes in the women’s discus final —AFP/AP/Reuters
14:25 Free Practice 1
18:25 Free Practice 2 1 3
GOLF
Sony Ten Golf
14:30 European Tour Jakarta Tales
Day 2
Thai superfan bangs the drum Race-walker
collapses
ff the field
T
hai superfan Parinya Weerawong has been cheering at
international sports events for 15 years, but his enthu-

I
siasm was undiminished at the Asian Games as he ndonesia’s Hendro said it
jammed flags into his hat and beat drums hanging from was a “miracle” to even fin-

1 his waist.
The 60-year-old petro-chemical company employee
ish the 50km race walk in
Jakarta’s brutal pollution, 4
sported a traditional Thai scarlet outfit in Jakarta, where heat and humidity Thursday
he devoted most of his boundless energy to the weight- after he was carried from the
lifting and boxing. finish line on a stretcher. Hen-
“I came to cheer for many sports that I could get the dro collapsed after pounding
2 7 tickets to get into. If some sports play at the same the Indonesian capital’s
time, I couldn’t cheer for them so I send my regards,” smoggy streets for more than
said Weerawong, showing off his flag-painted four-and-a-half hours in 31
cheeks. Celsius heat to finish last.
3
‘Rocketman’ celebrates by shaving moustache

M
alaysia’s “Pocket Rocketman” Azizulhasni Awang
powered to men’s sprint gold in the Asian Games
track cycling on Thursday — and then shaved off 5
his moustache to celebrate. The pint-sized former
world champion, who is 1.66m (5ft 5in) tall, beat
Japan’s Fukaya Tomohiro in two heats in the
final before greeting his excited Malaysian fans. Azi-
zulhasni, who won Olympic keirin bronze in 2016,
Send in your answers to
and the world title in 2017, then had his moustache
sportsdna@[Link]. Names of shaved off by his coach in ceremonial style trackside,
the first 10 winners will be published 6 using an electric razor. “I kept the moustache when I
came to Jakarta to look a bit more fierce. Part of my
tomorrow
8 Asian Games
2018 Jakarta
Palembang gameplan,” he explained.
 31
Friday
August
2018
Ahmedabad

After
[Link]

Akshay Kumar, who had to cancel a short holiday with wife Twinkle Khanna
Akshay spends time and their children due to a viral fever, ensured to make up for it as soon as he
recovered. We hear that the actor is accompanying his son Aarav to London,
with Aarav in London where the latter has secured admission in a college. The actor has gone
along to spend some quality time with Aarav before they both get busy.

Aamir to return with Stree is a horror comedy

Satyamev Jayate? with a difference
W
The superstar is likely to host the ith its unique
plot, foot-tapping Set in the rustic
show’s next season in early 2019 music and first-
time pairing, town of Chanderi,
Chaya Unnikrishnan
Dinesh Vijan’s Stree has
generated curiosity among
Stree is based on an
urban legend that is

A
the audience. Here’s what
fter Shah Rukh Khan, who
will be back on TV with the
makes this film an interest-
ing watch.
popular in several
second season of TED Talks
An out-and-out
states across the
India later this year, we hear
Aamir Khan, too, is all set to return entertainer country
to the small screen with the third The makers are exploring foot-tapping numbers.
season of Satyamev Jayate (SMJ). the hitherto-untapped genre Tracks such as Milegi
The talk show, which was launched of horror comedy with this Milegi, Kamariya, Nazar Na
in 2012, dealt with social issues and movie. They claim that it Lage and Aao Kabhi Haveli
marked Aamir’s debut on the telly. will not only entertain Pe are trending on music
The first season aired 15 viewers, but also send chills charts.
episodes, while the second season, down their spines.
which was telecast in 2014, was A content-driven film
divided into two parts and was aired Based on a true legend Dinesh is known to back
in 2014 — five episodes in March and The story is based on one of content-driven and
six episodes in October. After that, the most commonly heard entertaining films. From
he got busy with his Paani folklore of Badlapur to Hindi Medium
Foundation and films. But now, not heeding a and now, Stree, he has
sources say that the superstar is call from be- managed to strike the right
gearing up to come back on TV in hind if walk- chord with the audience by
the first quarter of 2019. ing alone at narrating homegrown and
“Once Aamir finishes the promo- night. Set in relatable stories. Using
tions of his Diwali release, Thugs Of the rustic India as his landscape, the
Hindostan, he will start focussing on town of producer has touched upon
the show. His team has begun the Chanderi, it smaller, rustic towns for his
research, but the actor, who covers tells the story film, with Stree being shot in
all aspects of a topic, wants every- of a bride’s Chanderi. Incidentally,
thing to be perfect before it goes on wandering Amar Kaushik, who makes
air. This time, the superstar will deal spirit, who his directorial debut with
with broader topics and those that roams the this flick, also hails from the
affect GenNext like depression and streets for Dinesh Vijan same region.
unemployment, etc. The show, com- four days
prising around 10 episodes, will air during an an- Unusual pairing
post Ted Talks India. While nual puja. She calls out to The surprise package is the
SMJ will be relayed at 11 am every young, unsuspecting men, unusual pairing of its lead
Sunday, talks are still on for a slot for and if they turn, she takes it The cast of Stree actors, Rajkummar Rao and
SRK’s show. Last season, the latter as their acceptance to be Shraddha Kapoor, who are
was aired at 7 pm, but this time Aamir Khan with her, whisking them working together for the
around, that may change as the away forever. of young males in these film has been shot at real celluloid, but also explored first time. The duo comple-
channel wants to build a slot for This legend is popular in places has strengthened the locations in Chanderi. The some of its spooky ruins. ment each other well,
knowledge-driven and motivational Once Aamir finishes the several states across India age-old belief that ‘stree’ is makers zeroed in on this adding chemistry and in-
series,” says an insider. promotions of his Diwali release, such as Andhra Pradesh, at work, weaving her fatal town in Madhya Pradesh as Original soundtrack trigue to this horror comedy.
We contacted Aamir’s spokesper- Uttarakhand and Karnataka spell over unassuming men. the story demanded a rustic, In the age of remixes, com- Stree, a Maddock Films
son, but there wasn’t any revert till Thugs Of Hindostan, he will start as well as beyond our bor- rooted vibe. They have not posers Sachin-Jigar bring production in association
the time of going to press. focusing on the show A source ders in Thailand. The Chanderi in spotlight only captured its beautiful an all-original, quirky and with D2r films and Jio
mysterious disappearance This is the first time a Hindi forts and temples on versatile album with some Studios, releases today.

Big B’s next titled The Tall Man Varun’s Mauji look inspired by his tailor
V
arun Dhawan is being an inspiration for us.” From the authenticity of the
The legend of Hindi cinema will be seen lauded for nailing the the styling point of view, character,” Darshan adds.
simplicity and Darshan adds that Varun’s Calling Noor an integral
in a bilingual dramedy authenticity of his look as look has the aspects of a part of the film, Varun says,
Mauji, the darzi in Sui tailor who could offer “He was my trainer for three
Nayandeep Rakshit narration one-and-a-half years Dhaga: Made In India. The practical solutions to months. I’m indebted to him

B
ago, he had agreed to do it then. credit goes to the source of common problems. For for teaching me the art of
uzz is that Amitabh But the project got pushed due to his inspiration — Noor, the instance, a zipper on the side sewing. Everything in Sui
Bachchan and South several reasons. However, now tailor who oversaw his of the pants that would Dhaga is about being real
actor SJ Suryah have been both the actors have signed on the training as a garment-maker reduce the size of the flare to and that’s what the audiences
roped in for a film together. dotted line.” The Tall Man marks for the Sharat Katariya keep it from getting caught are loving about our trailer.
A source reveals, “The movie is AB’s debut in Tamil cinema. directorial, which also stars while cycling or on the hem to While I’m happy that my look
titled The Tall Man and will be Despite the megastar sharing a Anushka Sharma. prevent the ends from has been well-received, the
made in Hindi and Tamil. The great rapport with South stars Costume designer Darshan tearing. “These intricate credit goes to Darshan and
dramedy will be helmed by like Rajinikanth and Kamal Varun Dhawan in Jhalan tells us, “Regular details make the audience see obviously Noor, who has left
Amitabh Bachchan Thamilvaanan. When Mr Hassan, he has never done a film Sui Dhaga: Made in India people on the streets became something new and adds to his mark on my character.”
Bachchan had heard the in the language before.

‘Between the girl and punchlines, I prefer the latter!’

Jimmy Sheirgill on why he never gets to walk into the sunset with the film’s heroine
Deepali Singh viewers are loving his filmmaker’s point of view. whether good or bad, it Anand’s. I have become ac-
The nok-jhonk

U
character, Bagga, in the He took me through the becomes relatable. When customed to it. Bang Bang
p close, you realise comic caper. The dependable script and later on, told me between people saw me as this really was one of the movies
that Jimmy Sheirgill actor, who has garnered that he was narrating comic evil guy in Mukkabaaz, they where I got possibly the best
has refused to age. appreciation for his roles in scenes to me, but I had no
Piyush Mishra and saw shades of someone they reactions and reviews and I
“You don’t meet me in films such as Haasil (2003), expression on my face. I told me has been loved have met. Bahut gaaliyaan was amazed, because it was
real life so often, so you Yahaan (2005) and him that’s the way I am. My by people and we padi thi mujhe uske liye just one scene! What hap-
think yeh toh buddha ho franchises such as Munna mind is too much into the because he was such an evil pens with reviews is that
gaya hai!” laughs the Bhai, Saheb, Biwi Aur story to laugh. There has to had a great time man. I thought, ‘Chalo pehli some people have an agenda
47-year-old. He is referring Gangster as well as Tanu be something really mad in shooting for Happy baar gaaliyan mil rahi hain.’ or a problem, and the actor
to the characters that he has Weds Manu, spoke to us the story to make me smile. I I took that as a compliment is unaware about it. In my
played in Mukkabaaz (2017) about breaking the mould said I’ll do it. I got a nice Phirr Bhag Jayegi. (smiles). list, aise log kam hain aur
and the recently-released consistently. Excerpts... vibe from him. When you’re having kam hi rahein toh achcha
Saheb, Biwi Aur Gangster 3. Length se toh mujhe
fun as actors, l You were part of Saheb hai (laughs).
“The makers tell me, l What was it about HPBJ kabhi farak padha nahi. If Biwi Aur Gangster 3 as well.
‘Moochein rakh lo, salt and that prompted you to reprise my heart says ‘Do it’, I do it. it translates on What do you think went wrong l You look good and you
pepper hair rakh lo, your character Bagga? And I’m glad I said yes with it? nearly always deliver solid
khatarnaak dikho.’ I do all I’m playing the same because today, he happens to
screen Saheb Biwi Aur Gangster performances. Many people
that because the characters character that I did in be such a close friend of has its own mysterious, evil feel you have not got your
are so interesting, you can’t Happy Bhag Jayegi (2016), mine. When he narrated the little bit of realism in it, peo- world which people enjoy due in Bollywood. Your
say no to such roles,” he so there was not much of an idea of the second part, I ple love it. Like the India- watching. And anyone who comment…
explains, flashing that option for me (smiles). In laughed so much! I thought Pak banter in the first was comes inside their territory, I take it as a huge com-
winsome smile, which fact, when I did that film, I this is the kind of comedy written very well. It’s the gets trapped in it. In the pliment. Because they are
charmed had not even met Mudassar people rarely come up with. same here. The nok jhonk be- third part, we came out of it. not saying that he doesn’t
audiences in movies such as Aziz. Producer Aanand L There was no buffoonery. tween us was loved by people But again, it’s a story and di- deserve to be here or why
Maachis (1996) and Rai told me, ‘There is this The situations and lines left and we had a great time rector Tigmanshu Dhulia is has this actor been forced
Mohabbatein (2000). director who has an me in splits. shooting for it. And when going to come back because into a film.
Jimmy’s glad though that interesting character to you’re having fun as actors, the plot keeps moving ahead.
in his latest outing, Happy offer you.’ That’s how I l The highlight seems to be it translates on screen. For It’s a world he is familiar l The word, ‘underrated’ is
Phirr Bhag Jayegi (HPBJ), ended up meeting Mudassar. the camaraderie between you me, these kind of films are a with. often used for you...
he is looking close to how he I like to read scripts first and Piyush Mishra... pleasant change from the se- I never planned my career
appears off screen. More and then listen to the It’s basically the situation rious roles I keep doing. l Whether it’s a good or a in a particular way. So, I feel
than that, he is glad that narration to understand the and the moment there is a bad film, you always seem to good when people say that
l You somehow make the bad come out unscathed in the there is a space that I have
guys seem relatable... reviews... created for myself where film-
I feel good when people say that there is a space that I have created for Aisa kuch nahi hai. I try In Bang Bang (2014), I makers don’t visualise any-
myself where filmmakers don’t visualise anyone else. It was a conscious to feel a different way for the was there in just the open- one else. It was a conscious at-
character that I’m portray- ing sequence. I did that film tempt. Kyunki kitne pedon ke
attempt. Kyunki kitne pedon ke aage peeche naach loge? Ped bhi khatam ho ing, which is that this guy for a friend, director Sid- aage peeche naach loge? Ped
jayenge, filmein bhi khatam ho jayengi. You will just have three-four years left has to be human, someone dharth Anand. I tend to bhi khatam ho jayenge,
to work that way. So, you have to keep doing various things as an actor to make who I have seen somewhere move easily into any space. filmein bhi khatam ho jayengi.
in my life. That’s how I I can act in an Anurag
Jimmy Sheirgill yourself feel alive prepare myself. The moment Kashyap, Tigmanshu film as For the full interview, log on
you believe in something, easily as a Siddharth to [Link]

Disclaimer: Note to reader: Some of the content/coverage that appear in our special ‘feature’ page/s may be paid for by the concerned brands. Such page/s will be appropriately declared as ‘features pages’ (e.g. reader engagement feature, etc.)
 After
Leisure Baby Blues
daily news & analysis
Ahmedabad I FRIDAY, AUGUST 31, 2018
13
Marjorie Orr
Write to Marjorie Orr with your queries at afterhrs@[Link], [Link]

Your year ahead will be hard-working, filled with new and exciting plans and a time to strike out boldly
IF IT’S YOUR in pursuit of your more original inspirations. Ignore the nay-sayers and those too strait-laced to grasp
what you’re trying to achieve. Loved ones at home will be supportive and you’ll have a chance to
BIRTHDAY TODAY relax and indulge. There may not be as much chance for fun but you’ll have a growing sense of inner
contentment as the months go on.

ARIES TAURUS GEMINI

Mar 21 - Apr 20 Apr 21 - May 20 May 21 - June 21
You’ll be inclined to act impulsively You won’t put up with insincerity. If You’ll be shining light on hidden
where cash is concerned and you find anyone skirting the truth places to explore new matters of
disregard advice. But on the other even for the best of motives, you’ll psychological interest, or even look The Pajama Dairies
hand you could find that bright be critical. Don’t fly off the handle. at new spiritual beliefs. Go your
inspirations lead you new ways of making There may be a merit in saying less and own way and do not be too swayed by other
money. You are a curious mix of original and observing more. Companions may have people’s attitudes. These are your personal
sensible so however whacky your schemes different ideas, but that does not mean they are concerns. Maybe you’ll be avoiding confronting
may seem they will have a practical result in necessarily wrong. Keep your sense of humour difficulties in relationships. There is a benefit
mind. Though you’ll not always be sure what handy, since it will defuse tense moments. from positive thinking, but a downside as well.
you want. And since your situation at present You’ll get bored easily so need to be involved in Sometimes you have to face the bottom line.
is fluid it might be as well to wait. trail-blazing schemes. Only then do the answers come.

CANCER LEO VIRGO

June 22 - July 23 July 24 - August 23 Aug 24 - Sep 23
You’ll be aiming to join hands with Maximum freedom with minimum Your views may seem cranky or
like-minded people to pull together interference will be your motto eccentric, but really you will not
in helpful schemes. What is certain now. Trouble is you have to care. You may startle others with
is that your outlook is changing persuade those close or higher up your direct comments which get
dramatically although you haven’t yet settled in at work it should be their policy as well. The right to the point and can, at times, be too frank,
a definite plan ahead. You’ll be dashing from road to progress and change is rarely straight even self-righteous when you get obsessed with
friend to friend, asking for their views and ahead. And you may be erratic or contradictory, your opinions. You’ll be in a mood to stamp Tina’s Grove
getting confused as a result. But when the swinging from one extreme to the other. If you your foot and start a minor revolution. Really
moment comes, you’ll be ready to jump and can find the right balance, you will forge ahead. what you want more than anything is to indulge
commit yourself to what gives you a sense of Networking will be more your style than fitting in adventurous travel. You need to shake
meaning and purpose for the time ahead. in with a structured set up. yourself out of a rut and start planning.

LIBRA SCORPIO SAGITTARIUS

Sept 24 - October 22 Oct 23 - November 22 Nov 23 - Dec 22
You’ll breathe more inspiration into You’ll be demanding more personal Maybe you never thought of
your emotional life as you start freedom but in a slightly erratic yourself as a maverick, but more
thinking along new lines. Changes way. Your nearest may find you of and more you are attracted to
are tending to happen with contradictory in your attitudes to finding a different kind of lifestyle to
dramatic suddenness now because of Uranus. agreements. One moment happy to give way, everyone else. You need space where you have
But you are learning just how resourceful you the next rather obstinate. You will expect the freedom to live and work as you like without
are in tricky situations, which is no little reward everyone close to pull their weight and share too much interference and fitting in with
in itself. What you have to do is try to make your sense of values, but you may be too conventional patterns will bore you. On the
transitions smoother. Taking the best of the old closed minded on occasion. Try to see where health front as well you’ll be exploring different
and merging it with the best of the new rather everyone else is coming from. It’s a free world ways of keeping fit, new diets and tackling Tinkersons
than taking flying leaps. and there are many paths. minor ailments.

CAPRICORN AQUARIUS PISCES

Dec 23 - Jan 20 Jan 21 - Feb 19 Feb20 - March 20
Co-operation may not come easily You will be outspoken and making In a speedy, varied and much
to you, or compromise. But not an impression but not everyone at exciting daily schedule than before
being in step with the crowd can be home will be enchanted by your you’ll be having encounters with
turned to your advantage. Just try rather blunt comments. Your people who test your patience.
to tone down your more extreme opinions. The attitude will be that certain things need to be They’ll either be causing delays or doing the
old social activities which used to hold your said whether they make you popular or not. opposite, pushing you in a direction you don’t
attention now seem a minor drag. Where loved You will dislike being told what to do or be want to go. At times you may be putting your
ones are concerned you’ll be coming across as made to fit into anyone else’s agenda. views across in a way that other won’t
contradictory. You prize your own freedom but Whatever is going on in your emotional life you understand. Stand back and come to
get critical where their behaviour is concerned. intend to make a break from the past. Your conclusions in advance otherwise the words will
Be laid back. domestic scene will be stimulating and not dull. flow out like a flood. Say less, mean more.
 A sort of ‘chipko’ (sticking together) movement
is presently underway in the state...The BSP says second
front
it maintains distance from the SP... Don’t know
how much distance they maintain... The snake
can never become a mole... it will always bite.
— Yogi Adityanath, Uttar Pradesh Chief Minister
page
14 [Link] I [Link]/dna I [Link] I [Link]/dnaindia Ahmedabad I FRIDAY, AUGUST 31, 2018 I daily news & analysis

‘Urban Naxals’ take cue Gadkari assures GST

snapshot
India will be 5th
largest economy
relief for cruise sector
from separatists: Letter
next year: Jaitley
DNA Correspondent
correspondent@[Link]

Comrade Sudha sought package for cadres on lines of stone-pelters: cops Mumbai: Union Minister for
Transport and Shipping Ni-
tin Gadkari on Thursday said
Anurag Bende
correspondent@[Link] Lankesh killing: that cruise tourism will soon
get relief in terms of Goods &

SIT hunting for

Services Tax (GST) for which
Pune: In yet another revela- there is a lot of ambiguity and
Finance Minister Arun Jaitley tion, contents of one of the is being charged at around 18

India is likely to
letters claimed to be seized by
Pune police from those ar-
five more men per cent in many cases.
Speaking at the Global
1 surpass the UK to
become the world’s
rested for alleged Maoist
links mention the Reds were
Bengaluru: The Karnataka
police’s SIT probing the Gau-
Cruise Conclave, organised
by India Cruise Lines Asso-
fifth largest economy taking a cue from the separa- ri Lankesh murder case is ciation, Gadkari said the
next year on growing tists in Jammu and Kashmir hunting for at least five more shipping ministry has al-
consumption and strong and even giving monetary people, and insists the leader- ready sought GST cut, and the Rajya Sabha MP Subhash Chandra shares a light moment with Union Minister
economic activity. packages just like the way ship of Hindu right outfit GST council is expected to Nitin Gadkari at a function in Mumbai on Thursday — Aadesh Choudhari/DNA
separatists are giving it to ‘Sanatan Sanstha’ was aware take a decision in its next
This year, in terms of The government is ready to invest in cruise
2 size, we have over-
taken France. Next
stone-pelters to attack forces
in the Valley.
of the activities of its “foot-
soldiers” in the killing of
meeting. He said India has a
lot of potential in the cruise sector for it to prosper as it carries a lot of
The sender of the letter is some rationalists. tourism sector and is well
year we are likely to overtake ‘comrade Sudha’, who, ac- Social activists and students unions protest the arrest of those accused for The five are based out of poised to grow. “The govern- potentials. Today we have a cruise floating in
Britain. Therefore, we will be cording to police, is trade un- Naxal links in New Delhi on Thursday — Amarjeet Singh/DNA Goa and Maharashtra adjoin- ment is ready to invest in this Varanasi. It should be possible in all our rivers.
the fifth largest (economy). ion activist Sudha Bharad- ing the Karnataka border, an sector for it to prosper as it
...In order Nitin Gadkari, Union Minister for Transport and Shipping
We grow at 7-8 per waj, currently under house Comradespeak SIT official said, adding they carries a lot of potentials. To-
3 cent on an average.
So for us to overtake
arrest in Faridabad. The let-
ter written in Hindi is ad- „„In the last paragraph of the
to reduce
the impact (of
had taken part in the crimes.
As the SIT started crack-
day when we talk about cruise
tourism we only consider our Chandra said for India and creates direct and indirect
them...you are unquestion- dressed to ‘comrade Prakash’, letter she wrote to ‘comrade ing the murder of Lankesh, a 7,000-km-long coastline, not the investors in the cruise employment. Essel Group is
which also has mentions of Prakash’, ‘comrade Sudha’ Saibaba’s journalist-activist with our around 23,000-km-long industry, it is a case of now or committed towards cruise
ably going to be as the world
projections are amongst big several persons including — who, according to police, is conviction), it is strong anti-Hindutva views, riverfront. We have a cruise never. “We are into entertain- tourism and is starting cruise
three in size (by 2030-40). Gautam Navlakha, also un- Sudha Bharadwaj — writes that a suggestion that leading to the arrest of key floating today in Varanasi, ment, but we plan to enter services from November. I
der house arrest in Delhi. she is in urgent need of funds. we should give players in the killing of ra- and it should be possible in all cruise entertainment and know there are a lot of chal-
Over the next 10-20 Referring to the convic- tionalists Narendra Dabhol- our rivers,” Gadkari said. give a boost to industry and lenges but we will be able to
4 years we have lot of
avenues for pushing
tion of Delhi University pro-
fessor GN Saibaba for Maoist
„„Sudha says she needs to
send some research fellows
packages to our
‘Urban Cadre’.
kar and M M Kalburgi, it
discovered the wide network
Rajya Sabha MP Subhash cruise tourism which also make it,” he said.

our growth. For instance, from JNU and Tata Institute

links, Sudha in this letter has ‘Comrade Sudha’, of operatives of the gang in-

PM speaks on peace in Nepal

growth is more in the North, of Social Science (TISS) in
stated that due to Saibaba’s Mumbai to ‘interior’ parts. in the letter volved in these incidents.
the South and western part conviction, the morale of the “The leadership of Goa-
of the country... Eastern side ‘Urban Cadre’ has hit a low. headquartered Sanatan San-
has still to grow faster. The letter mentions, “In the letter mentions. pellet guns in the Supreme stha was aware of the activi-
order to reduce the impact The fourth point in the let- Court for which contact one ties of its footsoldiers and DNA Correspondent encouraging a sub-grouping
India can already see
5 the ripples of a con-
sumption economy
(of Saibaba’s conviction), it is
a suggestion that we should
ter mentions the name of
Gautam Navlakha and one
Comrade Prashant,” the let-
ter reads.
lower rung cadre. We cannot
subscribe to this statement
correspondent@[Link] of South Asian nations who
are members of SAARC to
give packages to our ‘Urban comrade Ankit for being in The letter’s content sug- that the leadership was not New Delhi: Prime Minister isolate Pakistan, which has
in India. The exponential
Cadre’ and comrades work- touch with the separatists in gests that it is written before aware of it. They definitely Narendra Modi on Thursday been hampering the economic
growth taking place in
ing in interiors, the way sepa- the valley, police said. June 23, 2017, as it mentions knew about these plots,” the called upon the seven-mem- progress of the region by
several sectors will lead to
ratists in Jammu and Kash- “Ankit and Navlakha are one event organised on that official claimed. ber country grouping Bengal blocking connectivity be-
large number of domestic
mir give terrorists, their in touch with the separatists day in Delhi. The sender was He, however, said it was Initiative for Multi-Sectoral tween Afghanistan and India.
and international players.
families as well as the stone- in Jammu and Kashmir. We suggesting that the event “tricky” to say the outfit had Technical and Economic Co- Addressing the inaugural
With growth in econ- pelters.” need to upload the videos as ‘Udta Loktantra’ was being morphed into a terrorist or- operation (BIMSTEC) to work PM Modi shakes hand with Lankan session, the PM emphasised
6 omy, the function of
CCI, the country’s fair
“If the package is given to
them, they will be fully de-
well as reach out to media
organisations regarding the
organised in Delhi to oppose
the Unlawful Activities (Pre-
ganisation. The official, how-
ever, said there were sufficient
together to “achieve peace,
prosperity and happiness”.
President Sirisena at BIMSTEC —PTI on the need for connectivity.
He said India was ready to
trade regulator, is going to voted to our organisation and violations of human rights in vention) Act for which Nav- reasons to invoke the strin- He arrived in Kathmandu to Lanka, Thailand, Bhutan, and host BIMSTEC nations to en-
expand and the institution it will also make them psy- Kashmir valley by the forces. lakha and Arun Ferreira, gent Karnataka Control of attend fourth BIMSTEC Sum- Nepal — the countries de- courage coastal shipping and
should keep evolving. chologically strong in facing We also need to provide legal another Leftist activist under Organised Crime Act against mit, which includes — Bang- pendent on the Bay of Bengal. offered to host the BIMSTEC
any legal or other battles,” aid for the case on the use of house arrest should be sent. the gang members. —PTI ladesh, India, Myanmar, Sri India over the years has been Start-up Conclave.